40 h. ago As China exports to Russia dip on less car demand, new deals show ‘room to grow’

Despite a slowdown in automotive shipments from China to Russia, there is room for them to advance trade settled in yuan and roubles as both countries continue to be pressured away from the US market, analysts said on Tuesday during Russian President Vladimir Putin’s visit to the world’s second-largest economy. Russians want consumer goods, personal electronics and common machinery that are difficult to import from the West because of trade sanctions over Russia’s invasion of Ukraine that began...

Politics

1 week ago China smartphone shipments slumped in June on inventory overhang: Jefferies

China smartphone shipments slumped in June on inventory overhang: Jefferies  Investing.com

Politics

1 week ago Hong Kong rat catchers get AI boost as live trappings of rodents surge 40%

Hong Kong rat catchers have reported a 40 per cent year-on-year surge in the number of live rodents trapped, with about 89,600 captured in 2024, helped by AI-powered surveillance technology. The Food and Environmental Hygiene Department introduced thermal imaging cameras equipped with artificial intelligence (AI) to track rodent activity last year, replacing traditional trapping methods such as searching for gnaw marks on sweet potato bait. In Tsuen Wan’s Hau Tei Square, for example, captures...

Politics

1 week ago US show of force could move Venezuela closer to China: analysts

While the deployment of US warships near the coast of Venezuela is intended to heap pressure on the government and limit its already strained capacity for oil shipments, the action would probably serve to bolster China’s extensive economic ties with the South American country, analysts said. Three destroyers and an amphibious squadron with about 4,000 US Marines were dispatched to the Caribbean Sea close to Venezuelan waters, the White House said this week, in an act they said was intended to...

Politics

1 week ago Nvidia chief says H20 chip shipments to China not a security concern

Nvidia chief says H20 chip shipments to China not a security concern  Yahoo Finance

Events

2 w. ago China’s shipments of major fertiliser surge 600%, signalling softer export curbs

Chinese shipments of urea – a major fertiliser and chemical used to reduce emissions – have surged after Beijing reportedly eased an export ban imposed last year to curb domestic prices and maintain food security. Analysts said exports of the chemical – a type of nitrogen used in agriculture as well as to curb diesel and industrial emissions – may continue rising in August and September, as a large portion of the quota remained unused and shipments to India might resume. China exported 567,184...

Politics

2 w. ago China is turning away from Canadian canola. Will Australia fill the gap?

Canada’s status as the dominant supplier of canola to China appears to be under threat as shipments plunge amid a tit-for-tat tariff battle between the two nations. And Australia is already emerging as an alternative source of the staple vegetable oil, analysts and industry insiders say. China’s imports of canola from Canada fell by 55 per cent year on year to 173,250 tonnes in July – the lowest level recorded since July 2023 – Chinese customs data showed. The value of those shipments was down...

Politics

2 w. ago China turns up oil tap from Russia as purchases of US crude remain suspended

China’s crude oil imports remained robust in July, fuelled by higher Russian shipments, while China’s purchases from the US remained suspended for a second straight month. The latest customs data shows that the volume of inbound crude oil reached 47.2 million tonnes in July, up 11.5 per cent from a year earlier. China purchased 8.71 million tonnes of crude oil from Russia, making it the top source of China’s crude imports last month, according to the official data. This marked a year-on-year...

Politics

2 w. ago China lifts curbs on export of rare earth magnets to India, says Indian media

China lifts curbs on export of rare earth magnets to India, says Indian media  Reuters

Politics

2 w. ago China's rare earth shipments rebound to highest since January

China's rare earth shipments rebound to highest since January  MSN

Politics

2 w. ago China's rare earth shipments rebound to highest since January (MP:NYSE)

China's rare earth shipments rebound to highest since January (MP:NYSE)  Seeking Alpha

Politics

2 w. ago Applied Materials’ forecast hit by weak Chinese demand, US export curb

Applied Materials’ forecast hit by weak Chinese demand, US export curb  South China Morning Post

Events

2 w. ago Xiaomi regains top spot in Southeast Asia’s smartphone market in second quarter

Chinese tech giant Xiaomi became the largest smartphone vendor in Southeast Asia for the first time in four years on the back of strong second quarter sales of its budget and premium handsets, bucking a downturn precipitated by US-China trade tensions, according to Canalys. Xiaomi’s smartphone shipments in the region jumped 8 per cent year on year to 4.7 million units in the second quarter, propelling it to the top spot for the first time since the same period in 2021, the research firm said in...

Economics

2 w. ago Nvidia: 'We don't install secret tracking devices in our products' — GPU giant responds after Washington accused of secretly tracking AI server shipments at risk of diversion to China

Nvidia: 'We don't install secret tracking devices in our products' — GPU giant responds after Washington accused of secretly tracking AI server shipments at risk of diversion to China  Tom's Hardware

Events

3 w. ago US secretly tracks AI chips to detect smuggling to China, sources say

US authorities have secretly placed location tracking devices in targeted shipments of advanced chips they see as being at high risk of illegal diversion to China, according to two people with direct knowledge of the previously unreported law enforcement tactic. The measures aimed to detect artificial intelligence chips being diverted to destinations that were under US export restrictions, and applied only to select shipments under investigation, the people said. They show the lengths to which...

Politics

3 w. ago Indian firm ships diesel to China & Beijing removes urea export curbs, as political thaw continues

Indian firm ships diesel to China & Beijing removes urea export curbs, as political thaw continues  ThePrint

Politics

3 w. ago U.S. placed trackers in AI chip shipments to stem diversions to China

U.S. placed trackers in AI chip shipments to stem diversions to China - Reuters  Investing.com

Politics

3 w. ago Durian diplomacy: China welcomes Cambodia’s first direct air shipments of fruit

The first Cambodian durians arrived in China’s central province of Henan by air over the weekend, marking the official launch of a direct air corridor for fresh fruit between the two nations. The two-tonne shipment was transported using cold chain logistics in just four hours, allowing Chinese consumers to enjoy the fruit as if it were freshly harvested, according to a statement released Monday on the Chinese Embassy in Cambodia’s official WeChat account. Durian is now the fifth fresh fruit...

Politics

4 w. ago GM Signs Rare Earth Magnet Supply Deal with Noveon Amid China Export Curbs

GM Signs Rare Earth Magnet Supply Deal with Noveon Amid China Export Curbs  Quiver Quantitative

Politics

4 w. ago China Faces EU Sanctions Over Secret Drone Shipments to Russia’s Military

China Faces EU Sanctions Over Secret Drone Shipments to Russia’s Military  UNITED24 Media

Events