60 m. ago Chinese sellers bracing as Amazon Prime Day sale and tariff pressure to collide

Ahead of Amazon’s annual Prime Day sales event, Chinese sellers are already walking a tightrope as they try to strike a balance between staying competitive and adjusting to Washington’s tariffs. Gloria Gu, an Amazon seller based in Zhejiang province, said her outlook for this year’s summer event – extended this year to a record four days, July 8-11 – was “not optimistic”. Her company mainly sells household consumables – low-margin products that are highly price-sensitive. “Depending on the item,...

Politics

2 h. ago Mainland China chipmaking capacity to outstrip Taiwan by 2030: report

Mainland China is on track to surpass Taiwan in semiconductor foundry capacity by 2030, according to a report from Yole Group, underscoring Beijing’s progress in its push for chip self-sufficiency amid ongoing US tech restrictions. The mainland’s share of global foundry capacity is projected to reach 30 per cent by the end of the decade, up from 21 per cent in 2024, the French market research firm said. Taiwan is currently the market leader with a 23 per cent share last year, while mainland...

Politics

3 h. ago China could be about to attempt a landmark satellite refuelling test

China’s first satellite-to-satellite refuelling test appears to be imminent after a second round of close-proximity operations between two probes in high orbit on Monday. The landmark Chinese mission will be one of the most ambitious attempts at autonomous satellite servicing in geostationary orbit, which rival the United States has yet to achieve. On Monday, the Shijian-21 and Shijian-25 spacecraft – both orbiting at an altitude of 35,786km (22,236 miles) above the equator – came within...

Politics

3 h. ago Ford's CEO sounded the alarm again on China. Here are 3 ways Chinese EVs drastically differ from their US rivals.

Ford's CEO sounded the alarm again on China. Here are 3 ways Chinese EVs drastically differ from their US rivals.  Business Insider

Economics

3 h. ago Mystery recall of iPhone engineers may be Chinese interference in Apple’s plans

Mystery recall of iPhone engineers may be Chinese interference in Apple’s plans  9to5Mac

Politics

4 h. ago China’s real consumption ‘far from as low as it seems’, think tank argues

China’s actual consumption power may have already surpassed that of Mexico and reached 40 to 50 per cent of the levels seen in developed nations such as Japan and Germany, a Beijing-based think tank contends. That conclusion, put forth by China Finance 40 Forum, which comprises senior Chinese regulators and financial executives, runs contrary to the market consensus that China’s consumption is underdeveloped, while providing a new perspective from which to assess the consumer potential of the...

Events

4 h. ago Patrol Plane Photos Show Chinese Sea Activity Alarming US Ally

Patrol Plane Photos Show Chinese Sea Activity Alarming US Ally  Newsweek

Events

4 h. ago Beijing says Dalai Lama’s succession plan breaks tradition, tensions set to rise

Beijing said the succession of the Dalai Lama should be in accordance with tradition and Chinese law, in a swift rejection of a plan announced by the exiled Tibetan spiritual leader. The comment was made hours later after the 14th Dalai Lama said his office – the Gaden Phodrang Trust – held the sole authority to recognise the next Dalai Lama. On Wednesday, four days ahead of his 90th birthday, he posted a statement to X discussing the future of the Tibetan spiritual leadership, particularly his...

Events

5 h. ago Chinese fans bash ‘sore loser’ Zheng after Wimbledon exit, question her attitude

Chinese tennis fans made clear their disappointment after Zheng Qinwen crashed out of Wimbledon in the first round for the third straight year. The tournament’s fifth seed was beaten 7-5, 4-6, 6-1 by world No 81 Katerina Siniakova late on Tuesday – the second time in three years the Czech had knocked Zheng out in the opening round of the grass grand slam. Afterwards, many on Chinese social media rounded on the 22-year-old, questioning whether she truly belonged among the world’s best. “I feel...

Politics

5 h. ago Chinese fans rue ‘sore loser’ Zheng Qinwen’s Wimbledon exit, query her attitude

Chinese tennis fans have made clear their disappointment after Zheng Qinwen crashed out of Wimbledon in the first round for the third straight year. The tournament’s fifth seed was beaten 7-5, 4-6, 6-1 by world No 81 Katerina Siniakova late on Tuesday – the second time in three years the Czech had knocked Zheng out in the opening round of the grass grand slam. Afterwards, many on Chinese social media rounded on the 22-year-old, questioning whether she truly belonged among the world’s best. “I...

Politics

5 h. ago Dalai Lama lays out succession plan, denying Chinese efforts at control

Dalai Lama lays out succession plan, denying Chinese efforts at control  The Washington Post

Politics

5 h. ago Indonesian tourist arrested at Hong Kong’s The Peak after tumbler hits woman

An Indonesian tourist who was sightseeing at The Peak in Hong Kong has been arrested after a tumbler fell out of his backpack and hit another visitor walking below. Police said they received a report at 12.16pm on Wednesday that a mainland Chinese woman had been hit by an unknown object at The Peak Tower and reported injuries to her head. “A man standing on the floor above was sightseeing. He had put his backpack on a fence, but his tumbler fell out from a side pocket, falling to the floor below...

Events

6 h. ago Chinese firms eye Hong Kong listings after mainland investors’ buying spree

A slew of mainland-listed Chinese technology companies are speeding up fundraising plans in Hong Kong to capitalise on the upbeat market sentiment. Hong Kong’s equity market has been buoyed by mainland investors’ record buying of HK$731.2 billion (US$93.1 billion) of stocks in the first half of the year, according to Hong Kong Exchanges and Clearing (HKEX) data and Bloomberg on Monday. The buying spree, driven by attractive valuations and a re-rating of China’s technology sector, has led to a...

Economics

6 h. ago Labubu’s rise reflects hitmaker ability of China’s digital ecosystem

The global frenzy around China’s Labubu, the candy-coloured monster character with the mischievous smile adorning bags, desks, streets and social feeds worldwide, is often hailed as a triumph of Chinese soft power. But Labubu’s success reveals something deeper: the unmatched sophistication of China’s integrated platform economy. Pop Mart, Labubu’s retailer, started with a small shop in Beijing in 2010 but has leveraged China’s unique digital ecosystem in recent years to build a global...

Events

6 h. ago Chinese FM responds to Israeli envoy’s remarks about China’s influence on Iran

Chinese FM responds to Israeli envoy’s remarks about China’s influence on Iran  Global Times

Politics

6 h. ago BYD, Geely bank on big discounts to set record car sales, dent smaller rivals

China’s leading electric vehicle (EV) makers from BYD to Geely Auto sustained their strong sales last month as big price cuts lured new buyers, helping boost their market share and heaping pressure on smaller, unprofitable rivals. BYD, the world’s largest EV builder, delivered 382,585 vehicles in June for its best month this year, the Shenzhen-based company said in a filing on Tuesday. While deliveries were little changed from May, they jumped 12 per cent from a year earlier. Geely, China’s...

Economics

6 h. ago Mainland Chinese drivers can apply for Hong Kong entry permits in November

Motorists from Guangdong province will be able to apply from November to travel to Hong Kong by car under a highly anticipated cross-border scheme, transport minister Mable Chan has said. The Southbound Travel for Guangdong Vehicles scheme is expected to be implemented a month earlier than originally planned. Chan said on Wednesday that vehicles would be allowed to enter the city via the Hong Kong-Zhuhai-Macau Bridge, with a daily quota of 100 applications. “It is an important policy that will...

Politics

7 h. ago China’s Laopu Gold surges 15% as investors devour newly available shares

A surge in the supply of Laopu Gold shares after the end of a lock-up period turned out to be a buying opportunity for investors who missed out on the luxury jeweller’s 14-fold surge since its 2024 debut. The Beijing-based company’s shares jumped 15 per cent to a record of HK$1,008 on Monday, bucking concerns of a pullback after 69 million shares – a 40 per cent stake – became free-floating, allowing pre-listing investors including founder Xu Gaoming to sell without restrictions a year after the...

Economics

8 h. ago Blast from the past: US ammo hub for Philippines sparks China retaliation fears

A proposal to build a US ammunition manufacturing and storage hub in Subic Bay – the site of a former American naval base in the northern Philippines – is raising fears of strategic entrapment, local economic disruption and Chinese retaliation, despite tentative backing from Manila’s defence chief. Experts said while the move could help plug logistics gaps in the Indo-Pacific and deepen alliance coordination, it might also undermine the Philippines’ policy of strategic ambiguity and reignite...

Politics

8 h. ago 2 Chinese nationals charged with spying inside US for Beijing, Justice Department says

2 Chinese nationals charged with spying inside US for Beijing, Justice Department says  Press Trust of India

Politics