Province Fujian Financial News

The coastal Chinese city of Shantou has joined parts of Taiwan in shutting down schools and offices as Typhoon Doksuri brings heavy wind and rain to the Taiwan Strait

Subscribe to enjoy similar stories. LONDON—President Trump’s crackdown on Chinese imports in the U.S. has redirected a tsunami of cheap stuff into Europe.

The world’s largest maker of batteries for electric vehicles says it will get into battery swapping in China in a big way starting next year

The Ministry of National Defence (MND) issued a statement confirming the manoeuvres, noting that the People's Liberation Army (PLA) had designated seven areas east of Zhejiang and Fujian provinces as temporary airspace reservations until Wednesday. These areas are typically designated for exclusive use during specific periods. In response to the PLA's activities, the MND initiated war-preparedness drills at strategic locations across the island and is closely coordinating with the Coast Guard Administration to implement appropriate countermeasures.

The live fire drills were being held near the Pingtan islands off Fujian province from 9 a.m. to 1 p.m., according to a notice from the Maritime Safety Administration. It warned ships to avoid the area. It did not offer additional details. Taiwan's Defense Ministry said China's drills were part of an annual exercise and was tracking them. «It cannot be ruled out that it is one of the ways to expand the deterrent effect in line with the dynamics in the Taiwan Strait,» the statement added.

Torrential rains have left at least seven people dead and three others missing in southeastern China, state media said Tuesday, raising the death toll from a tropical storm to 22.

Tropical Storm Gaemi triggered flash floods in northeast China on the border with North Korea and brought railway disruptions and landslides to other parts of the country, state media reported on Sunday.

A major Chinese bank, Industrial Bank, will reward digital yuan-using customers with carbon points as it targets further CBDC adoption.

China’s police have uncovered a $1.9 billion USDT underground banking operation going against Chinese crypto bans.

China's third aircraft carrier, Fujian, embarked on its maiden trials last week, marking a significant moment in China's naval expansion efforts aimed at challenging the US's global presence. Named after the Fujian province, the carrier is the largest and most advanced Chinese aircraft carrier ever built. Testing Reliability and Stability The Fujian carrier set sail from Shanghai's Jiangnan Shipyard, with the trials primarily focused on testing the reliability and stability of its propulsion and electrical systems, as reported by state news agency Xinhua.

Okinawa. "Tsunami waves of up to 3 meters were expected to reach large areas of Japan's southwestern coast," according to the Japan Meteorological Agency, which put the quake magnitude at 7.5, as per Reuters report. Additionally, a powerful earthquake with a magnitude of 7.2 struck offshore Taiwan on the same day, shaking the capital city of Taipei and prompting tsunami warnings for the islands of southern Japan and the Philippines.

U.S. officials across the political spectrum have described Chinese corporate theft as a defining threat of our times. A Justice Department loss last week underscores the challenges in addressing it.

Mohamed Muizzu is currently on a five-day visit to China, courting investors and trying to deepen bilateral ties. In an address at the Maldives Business Forum in Fujian Province, he termed China as the island nation's «closest» ally.

ALSO READ: India-Maldives row: ‘China one of our best allies’, Maldives President Muizzu urges Beijing to send more tourists He reached Beijing last night after staying in the Chinese city of Fujian for two days. In an address to the Maldives Business Forum in Fujian Province on Tuesday, Muizzu appealed to China to "intensify" efforts to send more tourists to his country.

The Maldives Association of Tourism Industry (MATI) also came in support of India and ‘strongly condemned’ the derogatory remarks made by the ministers on PM Modi's post on Lakshadweep. Meanwhile, on Tuesday, Maldivian President Mohamed Muizzu urged China to intensify efforts to send more tourists to his country amid the India-Maldives row.

India-Maldives row that caused the cancellation of reservations by Indian tourists after a diplomatic row erupted over the derogatory remarks against Prime Minister Narendra Modi. Addressing the Maldives Business Forum in Fujian Province on the second day of his five-day visit to China, Muizzu termed China as the island nation's “closest" ally. “China remains one of our closest allies and development partners." He praised the Belt and Road Initiative (BRI) projects launched by Chinese President Xi Jinping in 2014, saying that they "delivered the most significant infrastructure projects witnessed in Maldivian history", according to his speech.

Micron Technology Inc. has settled a high-profile intellectual property theft lawsuit with a key, state-backed Chinese rival amid the US company’s efforts to mend ties with Beijing. Micron said it has reached a global settlement agreement with Fujian Jinhua Integrated Circuit Co. “The two companies will each globally dismiss their complaints against the other party and end all lawsuits between them,” a Micron spokeswoman said in an email, declining to provide further details.

China’s digital yuan has completed another historic CBDC first, with a Taiwan-based firm “successfully” issuing e-CNY bonds.

China is promoting new economic opportunities for Taiwanese people while at the same time ramping up military activity around the island it claims as its own

BEIJING (Reuters) -China will take a number of «special» policy measures to improve access for Taiwanese enterprises to Fujian province across the Taiwan Strait, the Chinese state planner said on Thursday, under a long-term cross-strait integrated development plan.

typhoon kept southern China drenched for the seventh day as slow-moving storm clouds drifted from Guangdong on the coast to Guangxi, flooding low-lying areas, blocking roads and trapping residents. In the rural county of Bobai in Guangxi region, rescuers on assault boats have scrambled to pull people to safety since Sunday night as water more than 2 metres (6.6 feet) deep stranded residents in low-rise homes, state media reported on Monday. Heavy rain is expected to persist in Guangxi over the next few days. Haikui has weakened from a typhoon to a tropical storm since making landfall in Fujian province on Sept. 5, but its residual circulation has continued to wreak havoc in southern China, with the populous city of Shenzhen deluged by the heaviest rain since records began in 1952.

Typhoon Saola made landfall in southern China before dawn Saturday after nearly 900,000 people were moved to safety and most of Hong Kong and other parts of coastal southern China suspended business, transport and classes. Guangdong province's meteorological bureau said the powerful storm churned into an outlying district of the city of Zhuhai, just south of Hong Kong at 3:30 a.m.