Chinese Leader Xi Jinping will visit North Korea next Monday and Tuesday, reports the South China Morning Post. At the invitation of North Korean Leader Kim Jong-un, Xi will pay a state visit to the Democratic People’s Republic of Korea from June 8 to 9, according to a statement from the International Department of the Central Committee of the […]
Category: Brief
China has reported a second consecutive decline in the number of students sitting the country’s national university entrance exams, reports the South China Morning Post. This comes as a graduate jobs crunch leads many teenagers to decide against pursuing an academic degree. A total of 12.9 million students have registered for this year’s National Higher Education Entrance […]
China’s major stock exchanges are overhauling their benchmark indices to add domestic artificial intelligence and semiconductor companies while phasing out traditional consumer electronics manufacturers, reports Caixin. The semi-annual rebalancing, effective June 15, impacts more than a dozen key gauges including the CSI 300, SSE 50, and STAR 50. Passive funds are already injecting hundreds of millions […]
Leading Chinese carmakers like BYD and Chery Automobile are reaping rewards from their efforts to boost sales abroad, as they chase higher profitability amid rising demand for electric vehicles (EVs), reports the South China Morning Post. Chery, which spearheaded the go-global drive among mainland China’s automotive groups and is the country’s largest car exporter, delivered three times as many cars overseas […]
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 […]