China has suspended a ban on approving exports of “dual-use items” related to gallium, germanium, antimony and super-hard materials to the US, the commerce ministry said on Sunday, reports Reuters. The suspension takes effect from Sunday until November 27, 2026, the ministry said in a statement. The ministry announced the ban in December 2024. The ministry […]
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China has issued dollar bonds at rates equivalent to US Treasury yields, in what bankers on the deal said was the first time Beijing’s borrowing costs had matched Washington’s, reports the Financial Times. The bond offering is the latest example of countries taking advantage of being able to issue international debt cheaply, as their borrowing costs in […]
The European Commission launched an anti-subsidy investigation into tyres for cars and lighter trucks and buses from China on Thursday, citing sufficient evidence that Chinese producers were receiving unfair benefits from the government, reports Reuters. The investigation comes on top of an ongoing anti-dumping review of the same product that the EU executive launched in […]
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Shares in Pony.ai, WeRide fall on debut
Two of China’s biggest robotaxi start-ups fell as much as 15% upon listing in Hong Kong on Thursday, as analysts raised concerns about profitability in an increasingly competitive sector, reports the Financial Times. Pony.ai and WeRide, which compete fiercely in China and are both backed by Uber, raised HK$6.7 billion ($862 million) and HK$2.4 billion respectively in their secondary […]
Huaqiangbei, home to the world’s biggest electronics wholesale market, is seeing a dramatic increase in the prices of memory chips and other storage products, which is expected to drive up the cost of consumer electronics goods such as smartphones, tablets and personal computers, reports the South China Morning Post. The increase, especially for large-capacity models, […]