39 h. ago UK will set ‘high trust bar’ for future Chinese investment after British Steel rescue, minister says

LONDON (AP) — Chinese companies will have to clear a “high trust bar” when investing in key sectors in the U.K., the country’s business secretary said Sunday, a day after he took effective control of Britain’s last remaining factory that makes steel from scratch from its Chinese owners. Jonathan Reynolds said Jingye Group, which has […]

Politics

60 h. ago U.K. lawmakers approve rescue of British Steel in emergency parliamentary session

LONDON — U.K. lawmakers returned to Parliament from their Easter break on Saturday to approve an emergency rescue of the country’s last remaining factory that makes steel from scratch. Prime Minister Keir Starmer summoned lawmakers for the unusual Saturday sitting, only the sixth since the Second World War, to back a bill primarily aimed at […]

Events

1 week ago Xiaomi Shares Erase Losses as Police Investigate EV Accident

Xiaomi Corp. shares rebounded from a selloff Wednesday, as investors continued to assess the company’s prospects amid a Chinese police probe into a deadly accident that involved one of its electric vehicles.

Events

2 w. ago France says it is making progress toward resolving cognac imports dispute with China

BEIJING (AP) — France’s foreign affairs minister said Friday that France and China are making progress toward resolving a trade dispute over cognac imports. Jean-Noel Barrot said the conclusions of a Chinese investigation that could potentially lead to the permanent implementation of provisional customs duties on European cognac imports have been delayed by three months, […]

Economics

2 w. ago China’s Xi makes strong push for greater foreign investment as economy continues to lag

BEIJING (AP) — In an address to major global business leaders, Chinese President Xi Jinping urged foreign investors to have faith in China’s business prospects, the latest move to revive the world’s second-largest economy that has been dragged down by a property bust and a loss of momentum. “China has always been and will certainly […]

Other

2 w. ago British Steel plans closure of plant after failing to agree package with UK government

LONDON (AP) — British Steel said Thursday that it is planning to close its two blast furnaces and steelmaking operations in the northern England town of Scunthorpe, after its Chinese owner Jingye failed to agree a rescue package with the U.K. government. Unions called on the government to help secure the future of the company, […]

Politics

2 w. ago Ambassador warns Canada against using China as ‘bargaining chip’ with U.S.

Wang Di said China is ready to pursue a bilateral free trade agreement if Canada removes barriers to Chinese investment

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