4 d. ago Changan Auto becomes latest Chinese carmaker to join humanoid robot bandwagon

Chinese carmakers, which are increasingly deploying robots in factories, are now moving into humanoid robotics following US rival Tesla despite a warning from Beijing about a potential investment bubble. State-owned Changan Automobile has become the latest entrant into the sector. The Shenzhen-listed company planned to invest 225 million yuan (US$31.8 million) for a 50 per cent stake in Changan Tianshu Intelligent Robotics Technology, according to an exchange filing on Friday. The company...

Politics

5 d. ago Chinese central bank doubles down on crypto crackdown as speculation resurfaces

Chinese central bank doubles down on crypto crackdown as speculation resurfaces  dlnews.com

Politics

7 d. ago China’s proposed new regulations on power banks worry producers and consumers.

Chinese regulations that propose tighter technical specs for portable power banks are stirring unease among producers and consumers, as they could mean passengers are no longer allowed to bring such products on board flights. According to a draft document from the Ministry of Industry and Information Technology (MIIT), which is soliciting feedback until December 11, all Chinese portable power banks would be required to disclose their battery type, production date and offer a recommendation for...

Politics

8 d. ago UBS remains bullish on Chinese tech but warns of big market swings in 2026

UBS has warned of greater market volatility next year, citing risks ranging from weaker-than-expected artificial intelligence revenue to geopolitical tensions, but the Swiss investment bank remains bullish about Chinese technology shares and gold. UBS identified five major market risks for next year: economic weakness, a resurgence of inflation, government debts, renewed US-China conflicts, and disappointing returns from AI after three years of heavy investment. “One point that we can be very...

Events

9 d. ago Tesla affirms confidence in Chinese partners, rejects supplier bans

Tesla does not exclude suppliers based on their country of origin as the US electric-vehicle (EV) maker applies unified and rigorous standards in selecting vendors from around the globe, according to a senior official. Grace Tao, vice-president of the US company, offered a vote of confidence to the more than 400 Chinese manufacturers that supply car components from batteries to heat-control systems to Tesla’s Shanghai Gigafactory. She made the remarks on Wednesday, in what appeared to be an...

Politics

9 d. ago Tesla affirms confidence in Chinese partners, repudiates supplier ban

Tesla does not exclude suppliers based on their country of origin as the US electric-vehicle (EV) maker applies unified and rigorous standards in selecting vendors from around the globe, according to a senior official. Grace Tao, vice-president of the US company, offered a vote of confidence to the more than 400 Chinese manufacturers that supply car components from batteries to heat-control systems to Tesla’s Shanghai Gigafactory. She made the remarks on Wednesday, in what appeared to be an...

Politics

9 d. ago Exclusive: AliExpress bans Chinese sex doll seller after Reuters investigation

Exclusive: AliExpress bans Chinese sex doll seller after Reuters investigation  Reuters

Events

1 week ago Bangkok prison chief suspended over Chinese inmate sex scandal

Thai authorities have suspended a prison chief in Bangkok over allegations that high-profile Chinese inmates were granted access to women in a private cell and other privileges, the justice ministry said. The scandal erupted last week after local media reported two Chinese women were allowed into the Bangkok Remand Prison to visit inmates, allegedly to provide sex services, raising questions over who authorised their entry. The prison detains more than 4,000 men awaiting trial, and has held some...

Events

1 week ago Chinese banks sell off real estate collateral to shed bad debt

Chinese banks sell off real estate collateral to shed bad debt  Nikkei Asia

Economics

1 week ago Banned Chinese Bond Tactic That Turns 8% Yields Into 16% Is Roaring Back

Banned Chinese Bond Tactic That Turns 8% Yields Into 16% Is Roaring Back  Bloomberg.com

Events

2 w. ago How Chinese underground banks became the world’s biggest money

How Chinese underground banks became the world’s biggest money-launderers  The Economist

Economics

2 w. ago TD Bank sued by Chinese staff in US who say they were fired illegally

Toronto-Dominion Bank was sued by a group of former employees who claim they were improperly fired from their jobs amid disclosure of widespread criminal money laundering through bank branches. Five Chinese and Chinese-American former employees sued Toronto-Dominion claiming they were dismissed from branches in New York as part of the bank’s effort to crack down on money laundering. At least 22 people were fired from four Chinatown branches in the city’s Manhattan, Brooklyn and Queens boroughs,...

Events

2 w. ago TD Bank sued by Chinese staff in US who say they were fired based on ethnicity

Toronto-Dominion Bank was sued by a group of former employees who claim they were improperly fired from their jobs amid disclosure of widespread criminal money laundering through bank branches. Five Chinese and Chinese-American former employees sued Toronto-Dominion claiming they were dismissed from branches in New York as part of the bank’s effort to crack down on money laundering. At least 22 people were fired from four Chinatown branches in the city’s Manhattan, Brooklyn and Queens boroughs,...

Events

2 w. ago TD Bank sued by Chinese staff in US who say they were illegally fired

Toronto-Dominion Bank was sued by a group of former employees who claim they were improperly fired from their jobs amid disclosure of widespread criminal money laundering through bank branches. Five Chinese and Chinese-American former employees sued Toronto-Dominion claiming they were dismissed from branches in New York as part of the bank’s effort to crack down on money laundering. At least 22 people were fired from four Chinatown branches in the city’s Manhattan, Brooklyn and Queens boroughs,...

Events

2 w. ago Beijing warns Tokyo of ‘further action’ if Takaichi doesn’t budge on Taiwan stand

China will take “further measures” against Japan unless its prime minister retracts her controversial comments on Taiwan, the foreign ministry said as Beijing reportedly reimposed a ban on Japanese seafood imports. Chinese foreign ministry spokeswoman Mao Ning said on Wednesday that Takaichi’s remarks had undermined the political foundation of China-Japan relations and China “has every reason to respond to such actions”. “The Chinese side will be forced to take severe and resolute...

Events

2 w. ago Growth in China’s tech stocks just getting started: JPMorgan banker

The recovery of China’s tech stocks from their trough is still at an early stage, as the country’s emergence as an artificial intelligence superpower reshapes global platforms and lures Western capital back, according to a senior investment banker at JPMorgan. As Chinese entrepreneurs expanded their businesses globally and deepened their involvement in AI, their companies and fundraising plans were once again drawing the attention of international investors after years of stagnation, said Mark...

Politics

2 w. ago Yuan rapidly gaining ground as Chinese firms plot global expansion

Chinese companies expanding overseas are increasingly using the yuan for financing and payments to build their international operations, boosting the currency’s growing clout in international trade and investment. “Based on my calculation, 10 per cent of our company’s total orders were priced and settled in renminbi,” said Yang Feng, finance director for overseas marketing at Sieyuan Electric, in a panel discussion organised by Standard Chartered at the China International Import Expo in...

Economics

3 w. ago PLA bans 4 Chinese universities from procurement process for bid

China’s military is set to ban four prominent Chinese universities from bidding for certain projects, according to a statement by the People’s Liberation Army on Sunday, as Beijing continues a rectification and anti-corruption drive in its military procurement system. The PLA procurement website, China’s largest known military procurement platform open to the public, released four notices on Sunday accusing the universities of bid-rigging for the same project. The universities will be banned...

Politics

4 w. ago Courts turn ‘slam dunk’ case into hard battle in Florida’s Chinese property ban

The fight against a Florida law restricting property purchases by Chinese citizens may hinge on finding new challengers – and on persuading a conservative judiciary unlikely to reverse course, legal experts say. In a 2-1 decision on Tuesday, the 11th US Circuit Court of Appeals in Atlanta upheld two provisions of the 2023 law – requiring buyers to register their property and attest to their eligibility by affidavit, and ruled that the plaintiffs lacked the right to challenge the main purchasing...

Events

4 w. ago ‘Interest surged’: Canada travel searches spike in China as group tours resume

Beijing’s decision to allow group travel to Canada to resume for the first time since the Covid-19 pandemic has sparked a surge in interest in visiting the country among Chinese consumers, with Chinese travel platforms recording a jump in related searches. China announced it was ending the group tour ban in early November, just days after Chinese President Xi Jinping met Canadian Prime Minister Mark Carney in South Korea and called for relations between the two countries to get “back onto the...

Politics