Donald Trump’s geopolitical threats are proving to be handy ammo in corporate spats. Italian tyremaker Pirelli’s board last week demanded its largest Chinese shareholder Sinochem cut a 37% stake below …
China’s Huawei 2024 profit drops; revenue rises at fastest rate in five years
China’s Huawei Technologies said on Monday its profit fell by over a quarter in 2024 versus a year prior when income from the sale of its Honor handset unit provided an earnings boost, while its …
Why China Is Wary of a Trump-Xi Summit
It could take months for agreement on a meeting between President Trump and Xi Jinping, China’s top leader, as Chinese officials seek a scripted encounter.
China Conducts South China Sea Patrol as US Defense Chief Visits Philippines
Defense Secretary Pete Hegseth has pledged to bolster Manila’s attempts to push back against Beijing’s growing assertiveness in the South China Sea.
US, Japan, Philippines Conduct Joint Drills as Chinese Warship Shadows Near Disputed Scarborough Shoal
The United States, Japan, and the Philippines staged high-profile naval drills on Friday amid rising tensions with China in the South China Sea.
Angang Steel 2024 Net Loss More Than Doubles; Weighed by China’s Property Crisis
Angang Steel, the listed arm of China’s second-biggest steelmaker, saw its 2024 net loss more than double as the company navigated China’s property crisis and ongoing uncertainties surrounding U.S.
China beefs up its biggest banks to boost the economy
Four of China’s largest state-owned banks said on Sunday they plan to raise a combined 520 billion yuan ($71.60 billion) in private placements from investors, including the finance ministry, after …
China’s Big State Banks to Get $71.6 Billion Capital Injection
Four of China’s largest banks are planning to raise up to $71.6 billion via share sales under a finance ministry-led plan aimed at bolstering capital and beefing up lending to help boost the economy.
China’s Big State Banks to Get $71.6 Billion Capital Injection
Four of China’s largest banks are planning to raise up to $71.6 billion via share sales under a finance ministry-led plan aimed at bolstering capital and beefing up lending to help boost the economy.
China’s biggest state banks to raise $71.6 bln to boost capital
Four of China’s largest state-owned banks said on Sunday they plan to raise a combined 520 billion yuan ($71.60 billion) in private placements from investors, including the finance ministry, after …