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BUSINESSOct 9China state funds double down on Hua Hong in legacy chip pushChinese state funds are ramping up support for the country’s second-largest contract chipmaker, pouring billions of yuan into the parent of Hua Hong Grace Semiconductor and a new manufacturing facility to fuel Beijing’s drive for self-reliance in mature-node chips. The capital blitz, spanning Hua Hong’s Shanghai-based parent company and a fabrication plant in Wuxi, highlights how government-coordinated financing is doubling down on domestic foundries, as Washington tightens technology...South China Morning Post
BUSINESSOct 9China and EU trade envoys seek ways to ease tensions over growing imbalancesThe top trade envoys for China and the European Union are wrapping up two days of talks aimed at calming escalating tensions over growing imbalances between the two giant economiesThe Independent World
BUSINESSOct 9Former Greentown China head charged for taking bribes over stake in real estate projectHong Kong’s corruption watchdog has charged the former head of a listed company for allegedly accepting HK$20 million (US$2.5 million) in bribes from a mainland Chinese property developer in exchange for acquiring a stake in the developer’s real estate project. Zhang Yadong, 58, who was chairman of Greentown China Holdings from 2019 to 2025, faced a count of conspiracy to accept advantages, the Independent Commission Against Corruption (ICAC) said on Friday. The case was mentioned at Eastern...South China Morning Post
BUSINESSOct 9Can China use widening yield gap between the US dollar and yuan to boost global role?China should seize a window opened by the widening US-China yield gap to strengthen the financing, hedging and asset-absorption systems behind the yuan, turning its cyclical low-interest-rate advantage into lasting global use of the currency, according to a researcher from a Beijing-based governmental think tank. The 10-year US Treasury yield was 5.22 per cent on Thursday, compared with 1.69 per cent for Chinese government bonds on their first trading day after the National Day holiday – a gap...South China Morning Post
BUSINESSOct 8China’s BYD considering lithium battery plant in Argentina, foreign minister saysBYD is studying whether to manufacture lithium batteries in Argentina, Foreign Minister Pablo Quirno said on Thursday after meeting Stella Li, the Chinese electric vehicle maker’s executive vice-president. According to Quirno, the company was looking at “investment opportunities in Argentina linked to the lithium value chain, particularly in the production of batteries and energy storage systems”. He did not say how much BYD might spend or where the factory could go. The minister tied the talks...South China Morning Post
BUSINESSOct 8AXT could get a boost as China needs optics, faster networks: WedbushWedbush suggests AXT could experience a boost due to China's increasing need for optics and faster networks. This analysis highlights potential market opportunities for the company.Seeking Alpha Tech
BUSINESSOct 8EU trade envoy eyes yawning goods deficit on first day of China visitThe EU's trade commissioner, Maros Sefcovic, arrived in Beijing this Thursday for two days of talks with his Chinese counterpart Wang Wentao. Sefcovic stated his goal of "rebalancing" an "unsustainable trade deficit". One particular area of concern is the auto sector, where Chinese hybrid vehicles have increased their European market share to 25 percent. Also in this edition: Microsoft unveils its new AI-powered PCs in a bid to rival Apple.France 24 [en]
BUSINESSOct 8EU trade chief in talks with China to rebalance 'unsustainable' deficitThe EU trade chief is holding discussions with China to address a trade deficit, aiming to restore balance in their economic relationship. This indicates ongoing efforts to resolve trade imbalances between major global economies.Seeking Alpha Tech
BUSINESSOct 8China AI startup Manus raises more than $500M after Meta deal blockedChinese AI startup Manus has successfully raised over $500 million in funding following a blocked deal with Meta. This significant investment highlights continued growth and interest in the AI sector despite regulatory hurdles.Seeking Alpha Tech
BUSINESSOct 8Uniqlo sees profits soar in China despite Beijing-Tokyo tensionsFast Retailing, the parent company of Japanese clothing retailer Uniqlo, has defied the ongoing political tensions between Beijing and Tokyo and soft consumer sentiment in China to log a rebound in sales and profits on the Chinese mainland. The Japanese firm said the 2026 financial year, which ended in August, had been a period in which its mainland China business had “made steady progress, with encouraging steps indicating a return to growth”, according to its annual report released on...South China Morning Post
BUSINESSOct 8China’s AI chipmaker Biren tumbles 12% as it seeks US$510 million in share placementShares of artificial intelligence chipmaker Shanghai Biren Technology tumbled more than 12 per cent in Hong Kong on Thursday amid plans to raise HK$4 billion (US$510 million) through a share placement, as competition with other Chinese Nvidia challengers intensifies. The sell-off followed a stock exchange filing by the Hong Kong-listed company on late Wednesday, which revealed it had engaged placing agents on a “best effort” basis to issue 130 million new shares at HK$31.08 apiece. The offering...South China Morning Post
BUSINESSOct 8Trade confrontation threatens: ‘super-crucial’ meeting between EU and ChinaPeking is vandaag en morgen het decor van een ontmoeting tussen de Europese Unie en China. Na maanden van oplopende spanningen over de onderlinge handel, ontmoet Eurocommissaris van Handel Sefcovic daar de Chinese handelsminister Wang Wentao. De Europese Unie wil zo snel mogelijk een oplossing voor een steeds schevere handelsbalans die inmiddels is opgelopen tot 1 miljard euro per dag. Daardoor worden de Europese industrie en werkgelegenheid hard geraakt. Sefcovic noemt deze ontmoeting "supercruciaal". China heeft juist baat bij de status quo, omdat het veel verdient aan Europese consumenten. NOS Buitenland
BUSINESSOct 8EU and China open crunch trade talks in Beijing on hybrid car exportsEuropean Union trade commissioner Maros Sefcovic arrives in Beijing on Thursday for two days of high-stakes talks with China, with Brussels seeking a pilot agreement to curb the surge in Chinese hybrid-car exports and reduce a trade deficit now running at around €1 billion per day.RFI [en]
BUSINESSOct 8Can Europe finally get tough on China?Trade Commissioner Maroš Šefčovič is kicking off his visit to China today — and the stakes are high. On today’s show, Zoya Sheftalovich and Sarah Wheaton discuss the most important topic on the agenda: Europe’s trade deficit with China. France and Germany are finally on the same page and want Brussels to get tougher on […]Politico Europe
BUSINESSOct 8EU sends envoy to Beijing as rising exports from China raise economic anxietyThe European Union is bracing for a confrontation with China as a trade deficit exceeding $1 billion a day heightens anxiety over potential job losses and pushes the bloc’s political leaders to take a more aggressive approach toward its second-largest trading partnerThe Independent World
BUSINESSOct 8As China and the EU begin crunch trade talks, optimism is in short supplyAs China and the European Union began a fresh round of trade talks in Beijing on Thursday, observers on both sides appeared to agree on one thing: a big breakthrough was unlikely. Chinese firms based in Europe said they hoped the talks could achieve some “limited progress” to help stabilise the trade relationship, while European analysts remained cautious about the potential outcome. “They’re bound to get some results,” said a Chinese source with knowledge of the talks, adding that EU Trade...South China Morning Post
BUSINESSOct 8China boss gifts top employees new BMWs to protect them from harsh weather commutesA restaurant boss in China has received widespread online admiration for gifting brand-new BMWs to her top-performing employees because she hated seeing them brave harsh weather on electric bikes during their commutes. Ma Yanli, owner of a beef hotpot chain headquartered in Jiaozuo, in central Henan province, took some of her workers to collect their new BMWs on September 24. The cars, each priced at 300,000 yuan (US$45,000), had been bought by Ma two weeks earlier with full payment, Henan TV...South China Morning Post
BUSINESSOct 7Supertanker chartered from Gulf Coast to China for $76 million, 10 times higher than pre-war levelShipping costs have exploded as the war in the Persian Gulf has led to a shortage of available tankers.CNBC
BUSINESSOct 7China slaps down EU request for voluntary curbs on hybrid car exportsEuropean Commission now considering temporary limits to control surging shipments that could trigger serious trade conflictFinancial Times
BUSINESSOct 7Why China’s export engine may hit a ceiling as trading partners face limitsWhile China’s export engine still has room to grow, many of its trading partners may be approaching the limit of how much more they can absorb, which could place a ceiling on further growth over the coming years, according to a Goldman Sachs report. “At least over the next few years, there is still room for Chinese exports to maintain their strong momentum,” analysts said in the report led by the American investment bank’s chief China economist Hui Shan on Wednesday. “Over the longer term,...South China Morning Post
BUSINESSOct 7China's Golden Week reveals cautious consumer spending despite travel surgeChinese visitors are returning from trips after the 13-day Golden Week holiday. Their subdued spending has raised fresh questions about domestic demand in the world's second-largest economy.DW News [en]
BUSINESSOct 7Zhong Shanshan, from bricklayer to billionaire: this is how the most hated man in China built his fortuneEl empresario pasó por la construcción, el periodismo y distintos negocios antes de crear una de las mayores compañías de bebidas de China. Su fortuna creció con el agua embotellada y la industria farmacéutica, aunque también quedó envuelto en fuertes campañas de rechazo en redes.Clarín
BUSINESSOct 7Last chance saloon: EU presses China for a sign to prove trade talks can workThe European Union’s top trade mandarins depart for Beijing on Wednesday for two days of intensive negotiations but expectations in Brussels are measured as to what the talks will deliver. Maros Sefcovic, the EU’s trade chief, will meet his Chinese counterpart Wang Wentao on Thursday and Friday – three months after their last encounter in Brussels, when the Europeans set an October deadline for signs of a rebalancing in the trading relationship. Non-stop working-level talks have proven...South China Morning Post
BUSINESSOct 7US firm ArriVent’s plunge shows risks facing China’s biotech expansion into global marketsUS firm ArriVent BioPharma’s shares plummeted after a late-stage trial failure involving a cancer drug licensed from China, a setback that analysts said highlighted the challenges facing Chinese biotech companies expanding overseas. New York-listed ArriVent closed down nearly 47 per cent on Tuesday after reporting that its cancer treatment firmonertinib failed to meet its main goal in a phase 3 trial. Firmonertinib was originally developed by Shanghai Allist Pharmaceuticals to treat non-small...South China Morning Post
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