China Financial News

Star Wars franchise, a farmboy who became the galaxy’s greatest Jedi knight. Or perhaps it wasn’t. But one thing was clear: Skywalker Investment Advisors was looking to hitch its wagon to a star.

Neil Armstrong and Buzz Aldrin walking on the moon and planting the American flag there. They say the photos and videos of moon landing were all staged like a film production. The conspiracy theory has thrived on the internet, refusing to die despite persistent debunking by scientists and media. Finally, a statement from a scientist from Russia, a rival space power and now an inimical force, can put this conspiracy theory to rest since the conspiracy theorists won't be able to find Russia's interest in confirming the truth of the moon landing. The US is the only country so far to land humans on the moon. Luna 25, Russia's first lunar mission, failed in 2023 when it aimed a soft landing on the Moon's South Pole but crashed on the Moon and was lost. Both India and China have successfully landed craft on the moon.

Vladimir Putin said that he may be forced to use nuclear weapons if the existence of his country is threatened, the specter of nuclear war has been haunting the US. It has increased with escalating the Russia- Ukraine War and mounting China-US pressure over Taiwan and the South China Sea. Amid these disturbing scenarios, a map has been released showing the potential targets in the US if a nuke war gets triggered. As many as 90 cities have found a place in the map, that may disturb not only their residents but also defense experts and the military.

BEIJING — China hopes to reach an agreement with the European Union soon on the bloc's planned tariffs for imported Chinese electric cars, the Ministry of Commerce said Thursday.

After a blockbuster six months, the sale of emerging-market bonds in hard currencies is set to slow down sharply in a second-half that’s littered with political risk.

semiconductor equipment maker ASML said in an interview with Dutch radio station BNR on Saturday that US-China disputes over computer chips are ideological and not based on facts, and they are set to continue. Wennink left in April after a ten year term at the helm of ASML that saw it become Europe's largest technology firm. Since 2018, the US has imposed increasing restrictions on what tools the company can export to China, its second-largest market after Taiwan, citing security concerns. Most recently the US has sought to keep the company from servicing equipment already sold to Chinese customers.

Zhejiang province on China’s eastern coast, two mounds of discarded cotton clothing and bed linens, loosely separated into dark and light colours, pile up on a workroom floor. Jacket sleeves, collars and brand labels protrude from the stacks as workers feed the garments into shredding machines. It’s the first stage of a new life for the textiles, part of a recycling effort at the Wenzhou Tiancheng Textile Company, one of the largest cotton recycling plants in China. Textile waste is an urgent global problem, with only 12% recycled worldwide, according to fashion sustainability nonprofit Ellen MacArthur Foundation. Even less — only 1% — are castoff clothes recycled into new garments; the majority is used for low-value items like insulation or mattress stuffing.

Turkmenistan and Iran have signed a contract for the delivery of 10 billion cubic meters a year of Turkmen gas that Iran will then ship to Iraq

Investing.com-- Most Asian currencies fell slightly on Friday as traders turned cautious amid increased volatility in the Japanese yen, which sparked speculation over whether the government had intervened in markets.

Alibaba's international e-commerce unit is tapping generative AI-powered tools to help cross-border merchants with translation, content creation and product returns, group vice president Kaifu Zhang said. Speaking on stage at the Next Conference in Singapore, the executive, who heads Alibaba International Digital Commerce's artificial intelligence (AI) initiative, said he was bullish on AI's potential for the company, even in the face of increasing tensions between China and the U.S.

If you watched President Joe Biden's news conference, two weeks after a poor debate performance, you may have been reassured by his ability to talk about complex issues

zhengbao for short). The total number of Chinese police officers is not made public, but is thought to be over 2m. Drawing on provincial, municipal and county yearbooks and publications, Mr Pei estimates that 3-5% of all police work for the zhengbao at the national and local level.

Dalai Lama's next move. Their top-of-the-mind question is whether the Tibetan leader will be announcing his successor. Supporters of the 14th Dalai Lama, which include US lawmakers, are worried that China will try to beat him in the race and declare its own 15th Dalai Lama. 'They have even attempted to insert themselves into the succession of the Dalai Lama. We will not let that happen,' said Republican chair of the US House Foreign Affairs Committee Michael McCaul. For Tibetans living in China and spread across several countries, the Dalai Lama is a 'living Buddha' and represents the symbol of Tibetan identity and Chinese repression. He escaped from Tibet to India in 1959 after Chinese troops took over Tibet and indulged in a bloodbath.

The new BEP-20 cryptocurrency Bitnance (BTN), a Bitcoin (BTC) alternative on the Binance-blockchain, is close to US$18,000 in token presales. Recently featured for a “ Ask Me Anything ” on BeInCrypto, the numbers could see a big surge in coming weeks.

₹11,000 crore container PLI scheme to be spread over a nine-year period, beginning 2024-25. The plan was to manufacture 20 feet and 40 feet length containers of various configurations. The aim of this scheme was to raise domestic manufacturing of containers so that India could potentially compete with China over it and garner at least 10% of demand from global liners.

Huione Guarantee, an online marketplace operated by the Cambodian conglomerate Huione Group, has been involved in facilitating online scams in Southeast Asia.

Team Great Britain will be fielding some of their best sportsmen this time around to ensure they are at the top rungs in the overall medal count. Paris Olympics 2024 will be a huge challenge for Team GB as their performance is matched by the likes of USA, France, China, Japan and others, who will be looking to leave a mark in these prestigious Games.

In a rare and unprecedented move, OnePlus has slashed the price of the OnePlus Watch 2 in India by a sizeable Rs 1,000. The OnePlus Watch 2 which went on sale in March at a price of Rs 24,999 can now be purchased for Rs 23,999. Interestingly, you can get it for even less on Amazon as the e-commerce platform has listed the OnePlus Watch 2 radiant steel variant for Rs 21,999 — a discount of Rs 3,000.

Turkmenistan and Iran on Wednesday signed a contract for the delivery of 10 billion cubic meters a year of Turkmen gas that Iran will then ship on to Iraq. The deal was announced by Turkmenistan's foreign ministry, which did not state the monetary worth of the contract. The ministry's statement said Iranian companies will construct a new 125-kilometer (77-mile) pipeline to Iran to expand Turkmenistan's delivery capacity. The ministry said Turkmenistan plans to increase its gas supplies to Iran to 40 billion cubic meters a year.

Tesla's best-selling Model Y was included in a list of electric and plug-in hybrid models that a local government in China can purchase as a service car, according to the official Chinese media outlet the Paper on Thursday. It was the first time Tesla's cars have been made eligible for government purchases in China, the Paper added. China's eastern Jiangsu provincial government published 56 batches of new energy vehicle procurements for use as service cars by party, government and public organisations in a government statement on June 6.

BEIJING — China's real estate problems may be massive, but analysts expect the upcoming Third Plenum to focus on other areas — such as high local government debt levels and a push for advanced manufacturing.