China
Australia, New Zealand are concerned as Solomon Islands confirm security deal with China
Prime Minister Scott Morrison on March 15, 2022 in Perth, Australia. Paul Kane | Getty Images News | Getty Images Australia and New Zealand expressed concern on Friday about the impact on regional security of military cooperation between China and the Solomon Islands after a draft document outlining proposed cooperation was leaked. The security treaty, […]
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China’s EV makers could see a ‘shake down’ as they hike prices on rising material costs
Customers experience new energy electric vehicles at a Tesla store in Shanghai, China, On December 4, 2021. Future Publishing | Future Publishing | Getty Images A slew of electric vehicle companies operating in China have been forced to raise the prices of their cars as the cost of raw materials shoot up. Some companies like […]
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EU leaders send a message to China: Use your leverage to stop Putin
Italy’s Prime Minister Mario Draghi speaking to journalists in Brussels. Aris Oikonomou | Afp | Getty Images BRUSSELS, Belgium — EU leaders had one message for Beijing as they gathered in Brussels to discuss new sanctions against Russia: stop President Vladimir Putin. Chinese authorities have so far refused to fully condemn Russia’s unprovoked invasion of […]
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The Philippines’ pivot toward China could change when Duterte steps down as president
Chinese President Xi Jinping holds talks with his Philippine counterpart Rodrigo Duterte in Manila, the Philippines on Nov. 20, 2018. Xinhua News Agency | Getty Images The Philippines has been warming up to China since President Rodrigo Duterte was elected in 2016. As Filipinos head to the polls on May 9 to elect a new […]
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Black box found from Boeing passenger jet that crashed in China, state media says
Paramilitary police officers conduct a search at the site of a China Eastern Airlines plane crash in March 2022 in Tengxian county, Wuzhou city, in China’s southern Guangxi region. AFP | Getty Images BEIJING — One of the two black boxes containing data from Monday’s China Eastern Airlines plane crash has been found, Chinese state […]
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Tencent quarterly profit surges 60% despite slowest revenue growth on record
Tencent’s twin-skyscrapers at Shenzhen Bay Start Up Plaza in Nanshan business district. Nikada | Getty Images Tencent reported its slowest quarterly revenue growth on record in the fourth quarter of 2021 as the Chinese technology giant continues to feel the impact of Beijing’s regulatory tightening on the domestic technology sector. However, the company posted a […]
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Chinese stocks may start exiting the U.S. in two years, warns Asian Corporate Governance Association
The delisting of U.S.-listed Chinese stocks may come in the next two to three years, according to Jamie Allen of the Asian Corporate Governance Association. “There doesn’t seem to be a huge incentive … for China to compromise, nor does the U.S. seem to want to compromise,” the secretary general at the non-profit organization told […]
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Nike trimmed sales declines in this key region, and analysts see it as a bullish sign
Wall Street analysts paid close attention to Nike’s geographic sales breakdown in the company’s third-quarter report. Source
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China crash is ‘unprecedented’ given Boeing 737’s stellar safety record, says aviation analyst
For an aircraft like China Eastern’s Boeing 737-800 to crash in midflight is “simply unprecedented,” said one aviation analyst who cited the plane’s excellent safety record. “Air travel is the safest form of transport. But when we do suffer incidents or accidents, we don’t see anything like what we have seen in China over the […]
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Alibaba surges nearly 10% after it ups share buyback program to $25 billion
Alibaba’s headquarters in Hangzhou, China, on Wednesday, Nov. 10, 2021. Qilai Shen | Bloomberg | Getty Images Alibaba’s Hong Kong-listed stock surged nearly 10% on Tuesday after the Chinese e-commerce giant said it would increase the size of its share buyback program from $15 billion to $25 billion. The share repurchase scheme will be effective […]
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