China’s major solar panel manufacturers are ramping up higher-margin battery exports to boost revenue as growth in photovoltaic (PV) sales slows, reports Reuters. This comes as they are betting on rising global demand for renewable energy storage to cut reliance on fossil fuels. The sector has been hit by weaker domestic installations, slowing exports and record-low […]
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A trip abroad
Mr Xi has held many meetings with leaders of other countries in the past couple of years but almost always in Beijing. He doesn’t travel outside China much, but next week he will make a visit to Pyongyang to see comrade Kim Jong-un—which provides an opportunity to mull China’s position and relations with not only […]
Fast-fashion giant Shein faces a combined fine of nearly 22.5 million euros ($26 million) from French authorities for violating consumer protection and environmental rules, reports Caixin. France’s Directorate General for Competition, Consumer Affairs and Fraud Control (DGCCRF) announced on Wednesday that it penalized the e-commerce company over issues related to its return policies, product information disclosure, […]
EU trade chief Maros Sefcovic will meet China’s international trade envoy, Li Chenggang, in Paris on Thursday, reports the South China Morning Post. This comes as the sides look to defuse tensions that have pushed them to the brink of a trade war. The officials will meet on the sidelines of an Organisation for Economic Co-operation and Development […]
China AI company DeepSeek is set to raise about RMB 50 billion ($7.4 billion) in its first funding round from investors including Tencent and CATL, reports Reuters citing insider sources. The fundraising could value the company after the investment at between RMB 350 billion and RMB 400 billion, or between $52 billion and $59 billion, the people […]