City Tianjin Financial News

SINGAPORE—Widespread lockdowns imposed across China as authorities there struggled this week to contain the country’s largest Covid-19 outbreak threaten to again create uncertainty in global supply chains and dim the prospects for world economic growth.

Subscribe to enjoy similar stories.THE BINHAI library, often called China’s most beautiful, is breathtaking. Swirling shelves of books rise in gravity-defying stacks to a high ceiling in a light-dappled room: a modern cathedral to learning. No wonder the library, in Tianjin, an eastern city, has become a favourite photo stop for glammed-up young folk posting to social media.

Elon Musk, has implemented significant reductions in research funding for the private medical sector. Specifically, the National Institutes of Health (NIH) has capped indirect cost rates at 15%, down from an average of 30%. Indirect costs, which include utilities, administrative salaries, and maintenance, are essential for research institutions to operate. This cut means private research institutions, universities, and hospitals must now cover more of these costs themselves, potentially leading to budget deficits and reduced research capabilities.

diabetes patient using cell transplants, reports said on September 30. The landmark surgery, which marks a world's first, lasted just half an hour, news agency PTI reported citing The Paper, a Shanghai-based news outlet. The patient, a 25-year-old woman, began naturally regulating her blood sugar levels approximately two and a half months after the procedure, the reports said. Researchers from Tianjin First Central Hospital and Peking University were part of the team that published their findings in the peer-reviewed journal Cell last week.

China deepened its push to further open up the economy, eliminating restrictions on the manufacturing sector and expanding opportunities for foreign investment in the health sector in an effort to revive growth. The Chinese government will reduce its list of industries off-limits to foreign investors to 29 from 31 and fulfill its pledge of zero restrictions on the manufacturing sector, the National Development and Reform Commission and the Commerce Ministry said in a joint statement on Sunday. The new list, set to take effect Nov.

19-year-old Chinese-American pilot who is on a worldwide mission to raise funds for childhood cancer research is preparing to land at the Indira Gandhi International Airport in Delhi next week in pursuit of a world record of flying solo to all seven continents. Ethan Guo, born in Tianjin and resident in Florida, developed a passion for aviation at the age of 13 and has since amassed over 700 flight hours. His 'Flight Against Cancer' Guinness World Record attempt mission began in Geneva, Switzerland, to cover over 50,000 miles with more than 75 take-offs and landings across 60 countries — with India scheduled for next week. «The trip has been challenging, but when you care about something, you give it your all and fight for it,» Guo told PTI in a statement from Saudi Arabia.

China is known for its mega hydroelectric plants and giant thermal power projects not only on its land but in many other countries as well, it has set a record by switching on the world's largest solar plant, which has more than five million panels. According to the TCD, the government-controlled China Green Electricity Investment of Tianjin has switched on the 3.5 GW Midong PV farm in Urumqi, Xinjiang region. It is a subsidiary of China Green Development Group (CGDG). China Construction Eighth Engineering Division Corp and Power Construction Corporation of China (PowerChina) invested a massive amount of CNY 15.45 billion in this project. Also Read: Bando Stone & The New World: Here’s all we know about release date, trailer, plot and more

China’s authorities are investigating food safety concerns in cooking oils after an investigative report from local media revealed that tankers carrying soybean oil from a major state-owned company were also used to carry a form of coal

Tianjin University in China has been developing a new form of robot that has been embedded with human brain cells, which makes it work and operate like a human. In order to obtain a brain-like result outside the human body, which could then be used to embed into this robot structure, a stem cultivation methodology was adapted to create the brain-inside-chip form and embed it into the robotic system.

Shares of China Evergrande New Energy Vehicle Group more than doubled on Monday as trade resumed after the company said liquidators had agreed on behalf of key shareholders to sell a stake in the electric vehicle (EV) maker. Shares of embattled developer China Evergrande's EV unit soared as much as 113% to HK$0.81, their highest since September 22, becoming the top gainer on the Hong Kong bourse, and last stood up 79%, following the May 17 trade halt.

United States on Friday said it has imposed sanctions on three China-based companies and one from Belarus for allegedly supplying missile-applicable items for Pakistan's ballistic missile programme, including long-range weaponry. The companies are Xi'an Longze Technology Development, Tianjin Creative Source International Trade and Granpect Company Ltd from China and Minsk Wheel Tractor Plant from Belarus. «The Department of State is designating four entities pursuant to Section 1(a)(ii) of Executive Order 13382, which targets proliferators of weapons of mass destruction and their means of delivery,» said state department spokesperson Matthew Miller.

AI) chips to China's military modernization efforts. This move comes as part of the US government's efforts to prevent sensitive American technology from being used for military purposes in China. The blacklisted companies, including Linkzol (Beijing) Technology Co, Xi'an Like Innovative Information Technology Co, Beijing Anwise Technology Co, and SITONHOLY (Tianjin) Co, were among 11 additions to the Commerce Department Entity List this week. Being placed on this list makes it significantly challenging for these companies to access American goods and technology.

The victims of an investment fraud scheme have called on China to negotiate with the UK government to recover 61,000 Bitcoin seized in a money laundering investigation, valued at $4.3 billion at the time of publication.

Chinese electric vehicle maker, XPeng (NYSE:XPEV) announced Friday that the company has successfully rolled out its XNGP Advanced Driver Assistance System (ADAS) for customers in 27 more cities. expansion includes prominent cities such as Tianjin, Chengdu, Xi'an, Wuhan, and Changsha.

Singapore’s regulatory body the Monetary Authority of Singapore (MAS)  plans to begin piloting the digital currency “E-CNY” – also known as the digital yuan, in collaboration with China to encourage tourism spending.

SHENZHEN, China (Reuters) -Toyota Motor has halted production on some ageing lines at a joint venture in China while operations continue as normal, the Japanese automaker said on Saturday after a media report that it was partially suspending production due to weak sales.

China, warning the public that visibility could drop to less than 50 metres (164 feet). Northern province Hebei launched an anti-pollution emergency response, listing traffic safety controls for when necessary including suspending flight takeoffs and landings, temporarily closing highways and suspending ferries, China's meteorological bureau said in a notice. Authorities also warned road users to stop in safe parking areas when conditions required and asked people to stay indoors. Beijing said it would implement traffic control measures if the capital activates its highest air pollution warning. Heavy smog has engulfed the country's north for a few days while autumn temperatures soared to typical early summer levels close to 30 degrees Celsius (86 degrees Fahrenheit) in some areas. Experts said weak cold air currents from the north pole were a key factor behind the unusual weather. As air pollution levels in the wider Beijing-Tianjin-Hebei area and northern part of Henan province reached moderate to severe, pollution control experts said increased industrial activities, heavy trucking and crop fires had contributed to the haze, state media CCTV reported. Regional power consumption in late October was up 5% compared with first half of the month, more significantly in the cement, brick and tile industries, worsening conditions, CCTV said. Parts of Tianjin municipality and Hebei and Shandong provinces, as well as eastern areas of Jiangsu province saw heavy fog resulting in visibility of less than 1 km (0.62 mile) on Tuesday morning, the National Meteorological Center (NMC) said. Until Thursday, light to moderate haze will continue to cover the central and southern parts of China's northern region, with severe haze

earthquake struck eastern China in the early hours of Sunday, the US Geological Survey (USGS) said, with state media reporting at least 10 people injured and dozens of buildings collapsed. Videos on social media showed shaking light fixtures, trembling ground and people evacuating their buildings, with one clip showing people walking past bricks scattered on the ground.

BEIJING (Reuters) — China's direct economic losses from natural disasters surged to 41.18 billion yuan ($5.74 billion) in July, more than in January to June combined, driven by severe weather as two powerful typhoons hit the country in one month.

China were threatening cities downstream on Friday, prompting the evacuation of thousands, although the country appears to have averted the worst effects of the typhoon season battering parts of east Asia. Hebei province surrounding the capital Beijing on three sides issued alerts for several of its cities. The province of Heilongjiang to the north, was evacuating entire villages in anticipation of life-threatening deluges.

By Liz Lee, Jenny Wang and Ryan Woo

Beijing and other cities braced for severe flooding on Friday as summer storms rolled across many parts of China, while inland regions baked in intense heat, threatening to shrink the country's biggest freshwater lake. Wild weather swings have gripped China since April, causing deaths, damaging infrastructure and wilting crops as well as raising fears of its ability to cope with climate change. Historically, China enters its peak rainy season in late July, but extreme weather has made storms more intense and unpredictable, exposing heavily built-up megacities with poor or insufficient drainage to potentially deadly floods. In Beijing, authorities have deployed this week over 2,600 people to drain dozens of pumping stations in advance and clear thousands of water drainage outlets along roads. Several bus routes plying the suburbs and mountainous areas were halted. Authorities in the neighbouring city of Tianjin also ramped up flood control efforts in the Hai basin, a major northern drainage system. By contrast, scant rainfall in Jiangxi province has resulted in Poyang Lake, the country's largest body of fresh water, ebbing to its lowest level for this time of the year since records began in 1951.