41 h. ago At China’s Canton Fair, exporters sense a warming trend in yuan settlements

At the ongoing autumn edition of the Canton Fair in Guangzhou – China’s oldest and largest trade exhibition – Chinese exporters are noticing a quietly spreading shift: an increasing number of overseas clients, particularly from emerging markets such as Southeast Asia, Central Asia and Africa, are proactively proposing to settle trade orders in yuan. Wang Lilin, sales director at diesel generator manufacturer Keypower, said the company had seen a clear rise in yuan settlements over the past two...

Events

56 h. ago China’s rare earth magnet exports to US plunge 29% as tensions simmer

The decline in China’s exports of rare earth magnets to the United States accelerated in September – a period predating Beijing’s expansion of controls over the flow of the critical minerals – an indication the prized items remain a major battleground in the ongoing trade war between the world’s two largest economies. China’s total exports to the US of the permanent magnets – essential components in manufacturing for several hi-tech industries, including electric vehicles and defence – reached...

Events

65 h. ago Hong Kong set for IPO flurry next week with Sany leading the charge

The Hong Kong stock exchange is poised for a blockbuster day next week, as four stocks – including Sany Heavy Industry, China’s largest construction machinery manufacturer – are set to debut, positioning the city to reclaim its status as the world’s top fundraising venue this year. Among the four stocks launching on October 28, Sany Heavy Industry, already listed in Shanghai, aims to raise the highest amount, targeting up to HK$12.36 billion (US$1.59 billion) by offering 580.42 million shares in...

Politics

4 d. ago Robots take centre stage at Canton Fair, defying US tariff concerns

At the autumn session of the twice-yearly Canton Fair – China’s oldest and largest trade exhibition – which opened this week, the busiest pavilions were those showcasing robotics, smart manufacturing and new energy vehicles. At the exhibition halls in Guangzhou, the capital of southern China’s Guangdong province, cameras flashed, crowds surged and long queues formed at booths displaying hi-tech products, with concerns about the shadows cast by US tariff increases thin on the ground. The sales...

Politics

5 d. ago The ‘Secret Plan’ China Used to Built the Largest Navy On Earth

The ‘Secret Plan’ China Used to Built the Largest Navy On Earth  National Security Journal

Politics

5 d. ago Chinese team aims to test powerful chip on world’s largest optical telescope

Chinese researchers have developed an optical chip the size of a fingernail that can analyse light in real time with a precision once possible only with bulky laboratory instruments. They hope to test it using the largest optical telescope on Earth. The breakthrough could enable an unprecedented level of visual intelligence in machines ranging from drones and robots to medical scanners and telescopes, according to Fang Lu and her team at Tsinghua University. In a paper published this week by the...

Politics

5 d. ago Apple’s iPhone Air sells out in China after CEO Tim Cook’s visit

Apple’s iPhone Air sold out within minutes of its launch in China on Friday, underscoring the device’s popularity among Chinese consumers despite competition from Android devices. The strong sales followed CEO Tim Cook’s visit this week to promote the product in the world’s largest smartphone market amid ongoing geopolitical tensions between China and the US. As chairman of an advisory body at Tsinghua University’s management school, Cook also met Vice-Premier He Lifeng on Thursday. Pre-sales...

Society

5 d. ago Kidnapped, trapped, forced to scam: inside Cambodia’s Chinese

Rows of grey buildings with thick iron bars line the streets of Sihanoukville, about 250km (155 miles) southwest of Phnom Penh. Near the city’s Chinatown stands Cambodia’s largest so-called yuanqu – a slang term in Chinese criminal circles meaning “scam compound”, derived from yuanqu, or industrial estate. Inside these complexes, online crimes such as voice phishing and romance scams are part of daily life. Young people from South Korea and other countries are kidnapped or lured by Chinese-run...

Events

6 d. ago World’s Largest Muslim Country Agrees Fighter Jet Deal With China

World’s Largest Muslim Country Agrees Fighter Jet Deal With China  Newsweek

Politics

6 d. ago 3 Singaporeans sanctioned over links to Cambodia’s Chen Zhi scam network

Three Singaporeans have been sanctioned for alleged links to a fraud empire involving a Cambodian conglomerate and its China-born chief executive, as part of the largest crackdown by the United States and United Kingdom on cybercriminal networks in Southeast Asia. Of the three, Chen Xiuling, also known as Karen, has resigned from her position as an independent non-executive director at Taiwan-based live streaming platform 17Live Group, based on a company announcement on the Singapore Exchange...

Politics

7 d. ago At China’s biggest export fair, the trade war’s rising toll is clear to see

The latest flare-up in US-China tensions is casting a fresh – albeit limited – shadow over the autumn edition of the Canton Fair, China’s largest foreign trade exhibition, which kicked off on Wednesday. With the threat of a return to triple-digit US tariffs hanging in the air, Chinese exporters in a slew of industries said they were pivoting away from the American market but faced squeezed profit margins and increased credit risks. Many are hoping that Europe can act as a lifeline, while rising...

Events

7 d. ago Apple CEO Tim Cook pledges increased investment in China in meeting with MIIT

Apple CEO Tim Cook on Wednesday committed the US tech company to increased investment in China, even as trade tensions intensify between the world’s two largest economies. Cook made the pledge in a meeting with Li Lecheng, who heads the Ministry of Industry and Information Technology (MIIT), in Beijing after the US executive spent two days in Shanghai during his second visit to China this year. The two sides “exchanged views on the development of Apple’s business in China and strengthening...

Economics

7 d. ago China gears up to build giant South China Sea lab in hunt for ghost particles

Chinese researchers have tested a submersible vehicle designed to help them build one of the world’s largest neutrino observatories in the South China Sea – a facility that will study the ghostly subatomic particles that stream through the cosmos with barely a trace. The Subsea Precision Instrument Deployer with Elastic Releasing (Spider) uncoiled a 700 metre (2,300ft) string of 20 sensor balls at a depth of about 1,700 metres (5,580ft), according to the team from Shanghai Jiao Tong University’s...

Politics

9 d. ago China Mobile aims to triple AI computing power using homegrown chips

State-owned telecom giant China Mobile announced plans to use only homegrown chips for the nation’s largest artificial intelligence computing network by 2028, accelerating China’s efforts to become a leader in AI and reduce its reliance on foreign technology. China Mobile chairman Yang Jie outlined the ambitious target at the company’s Global Partners Conference in Guangzhou on Saturday. The telco, he said, planned to double its investment in AI and explore the construction of a computing...

Politics

1 week ago SF Express looks at drone deliveries between Hong Kong, 4 mainland China cities

China’s largest courier, SF Express, has said that it is looking at offering cross-border drone delivery services between Hong Kong and four mainland cities. The company revealed its plan on Friday as Hong Kong’s transport chief stressed the need for a resilient logistics ecosystem with geopolitical tensions rising. Kenny Lau, chief technology officer at SF Express Hong Kong, said that the second stage of the company’s plan would be to expand the service to cover all cities in the Greater Bay...

Events

1 week ago NBA looks to China for growth, renewing a foothold in its second

NBA looks to China for growth, renewing a foothold in its second-largest market  CNBC

Politics

1 week ago World’s Largest Glove Maker Eyes US Growth as China Rivals Surge

World’s Largest Glove Maker Eyes US Growth as China Rivals Surge  Bloomberg.com

Politics

1 week ago China could overtake the U.S. as the world’s largest economy by 2045: Economist

China could overtake the U.S. as the world’s largest economy by 2045: Economist  Indonesia Business Post

Politics

2 w. ago Do You Know China's Largest low Cost Airline? We Hop On Board To Review!

Do You Know China's Largest low Cost Airline? We Hop On Board To Review!  Airline Ratings

Politics

2 w. ago “They Built a Giant That Floats”: China Unveils the World’s Largest Offshore Wind Turbine (and it could power 4,000 homes at sea)

“They Built a Giant That Floats”: China Unveils the World’s Largest Offshore Wind Turbine (and it could power 4,000 homes at sea)  Energy Reporters

Politics