Province Guangdong Financial News

The Huizhou 19-6 oilfield lies about 170 kilometres (100 miles) from Shenzhen in south China's Guangdong Province, Beijing's Xinhua news agency said. Test drilling has yielded a daily production of 413 barrels of crude oil and 68,000 cubic meters of natural gas, the CNOOC said. The state-owned oil giant's CEO, Zhou Xinhuai, hailed «successive breakthroughs in oil and gas exploration in the eastern waters of the South China Sea». CNOOC «has discovered 100-million-ton oilfields for two consecutive years, which creates a new growth pole for the continuous growth in offshore oil and gas production,» he added.

DeepSeek, whose AI breakthrough has been described as a «Sputnik moment» for China and garnered widespread attention.

Subscribe to enjoy similar stories. In China, DeepSeek’s sudden shot to fame with artificial-intelligence models rivaling American ones has inspired a moment of national pride.

China is to be held in Zhuhai at South China's Guangdong province from November 12 to 17. The People's Liberation Army (PLA) every year displays its capabilities at the air show. The PLA Navy will display J-15T jet designed to be operated from the 3rd aircraft carrier, the Fujian, which is equipped with an electromagnetic catapult unlike the other two carriers, Liaoning and Shandong, which are fitted with ski-jump take-off ramps. The design of the J-15T is based on the baseline type of the J-15 and was modified to allow it to be launched by an aircraft carrier's catapult system, official media here reported.

Tim Walz is accused of driving a Chinese Communist Party official's daughter to the verge of suicide. According to The New York Post, Tim Walz, the Democratic vice presidential nominee, had a turbulent romantic relationship with the daughter of a Chinese Communist Party official while working as a teacher in Foshan, which nearly drove her to suicide. In a phone interview with The Post on Monday, Jenna Wang, 59, revealed that she fell deeply in love with the current governor of Minnesota when he was a young English teacher at a high school in Foshan, Guangdong province, China.

Some 400 pro-establishment electors are set to approve the sole candidate for Macao’s chief executive job on Sunday, making him the Chinese casino hub’s first leader born in mainland China

Tanzeel Akhtar has been covering the cryptocurrency and blockchain sector since 2015. She has written for the Wall Street Journal, Bloomberg, CoinDesk and Bitcoin Magazine.

Chinese authorities are demanding that a growing number of schoolteachers and other public sector employees hand in their passports as President Xi Jinping tightens his grip on society.

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.

Typhoon Yagi pounded south China's island province of Hainan with heavy rain and gusty winds, local authorities said Saturday. Yagi, the 11th typhoon of this year, made two landfalls in China on Friday, first striking Hainan and later Guangdong province. China has sounded a red alert on Friday and warned of floods in the southern region as Yagi made landfall first in Hainan followed by southern Guangdong province and is expected to hit China's Guangxi Zhuang autonomous region and northern Vietnam. More than one million people have been evacuated in the affected areas with work, classes and businesses suspended and over 100 flights cancelled on Friday, the Hong Kong-based South China Morning Post reported.

Hong Kong and was moving toward a Chinese island province where it was expected to make landfall Friday, forcing many aspects of life in the region to a halt. Trading on the stock market, bank services and schools were halted in Hong Kong after the city's weather authority raised a No. 8 typhoon signal for Typhoon Yagi, the third-highest warning under the city's weather system. Yagi, with maximum sustained winds of 230 kilometers (142 miles) per hour near its center, forced more than 250 people to seek refuge at temporary government shelters and led to cancellations of more than 100 flights in the city. Heavy rain and strong winds overnight felled dozens of trees across the financial hub before the weather gradually calmed on Friday morning. The weather forecaster was expected to downgrade the typhoon signal in the afternoon.

BEIJING — China's property struggles and U.S. sanctions have significantly affected some of its cities, even as others benefit from Beijing's tech push, Milken Institute's best performing cities China index showed Tuesday.

Motherson Group is poised to enter the growing Apple supply chain network in India along with Hong Kong-based BIEL Crystal Manufactory, one of the world’s largest suppliers of glass for smartphones, said people with knowledge of the matter. This will make the Vivek Chaand Sehgal-led auto component maker the second large business group after Tata to become a vendor for Apple as part of Motherson’s plan to use its core manufacturing prowess to diversify into other segments. BIEL was established in 1989 by billionaire Yeung Kin-man in Shenzhen, China, to make watch crystals. The company says it’s one of the earliest manufacturers of glass screens for mobile devices, having begun in the early 2000s, when they were made mostly of plastic. By some estimates, BIEL currently produces glass screens for two of every three iPhones. The 51:49% alliance, the Indian company will have the majority stake, is planning to set up a greenfield manufacturing capacity in the south, most likely Tamil Nadu, with an estimated outlay of Rs 2,000-2,500 crore, said the people cited above. It aims to hit a turnover of Rs 8,000-8,500 crore in four-five years after operations start. The consumer electronics business is scheduled to come onstream in the July-September quarter.

China and Russia's naval forces on Sunday kicked off a joint exercise at a military port in southern China on Sunday, official news agency Xinhua reported, days after NATO allies called Beijing a «decisive enabler» of the war in Ukraine. The Chinese defense ministry said in a brief statement forces from both sides recently patrolled the western and northern Pacific Ocean and that the operation had nothing to do with international and regional situations and didn't target any third party. The exercise, which began in Guangdong province on Sunday and is expected to last until mid-July, aimed to demonstrate the capabilities of the navies in addressing security threats and preserving peace and stability globally and regionally, state broadcaster CCTV reported Saturday, adding it would include anti-missile exercises, sea strikes and air defense.

Donald Trump was targeted in a shooting incident during a rally in Pennsylvania, Chinese online retailers wasted no time in offering souvenir T-shirts adorned with photos depicting the aftermath of the assassination attempt on the former president. According to a report from TOI, Taobao seller Li Jinwei said, «We put the T-shirts on Taobao as soon as we saw the news about the shooting, though we hadn't even printed them, and within three hours we saw more than 2,000 orders from both China and the US.» The rapid production and sale were made possible by digital printing technology, which allowed the T-shirts to be quickly printed and made available for purchase. Companies like Xinflying Digital Printing Production in Guangdong reported their capability of printing 8 election-themed T-shirts per hour using digital printing machines.

₹1 trillion revenue from India operations," said Faisal Kawoosa, chief analyst and founder at research firm Techarc. Emails to Apple, Foxconn and Tata Electronics did not elicit a response till press time. Analysts tracking Apple and the India market said that building a local ecosystem would be crucial for raising the production levels.

death toll from a highway collapse in southern China's Guangdong province has risen to 36, state media said Thursday, as rescue work continued. Heavy rains caused a stretch of road running from Meizhou city towards Dabu county to cave in at around 2:10 am on Wednesday (1810 GMT Tuesday), according to state news agency Xinhua.

southern China's Guangdong province on Wednesday, state media reported. State broadcaster CCTV said a stretch of road between Meizhou city and Dabu county in Guangdong province caved in at around 2:10 am (1810 GMT).

tornado that struck Guangzhou, in southern China, reported CNN, citing Chinese state media. Guangzhou, a city of 19 million people in southern China, has been witnessing tornadoes at level-three intensity, two below the highest level of five.

Yao Qian, the influential figure behind China’s central bank digital currency (CBDC) project, is currently under investigation for suspected “violations of discipline and law.”

By Marc Jones, Xie Yu and Scott Murdoch