The People’s Bank of China is boosting the supply of money available to banks to ensure they can meet the surge in demand for cash during the Lunar New Year holidays, reports Bloomberg. The central bank injected a total of RMB 600 billion ($86.4 billion) via 14-day repurchase agreements late last week, ending a two-month hiatus for such operations. Industrial […]
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Chinese carmaker Chery will start production of its own vehicles in Spain “as soon as possible” this year, reports Reuters citing a company executive. This comes after successive delays to opening what will be its first factory in Europe. The confirmation that production will slide later into 2026 follows an earlier delay to the fourth quarter of […]
Chinese electric vertical takeoff and landing aircraft maker Shanghai AutoFlight has unveiled a new heavy-lift model it says boasts the world’s largest payload and longest range, reports Caixin. The company on Thursday introduced the V5000 Matrix, an aircraft with a maximum takeoff weight of 5.7 tons that can carry a pilot and nine passengers. A hybrid […]
The EU has announced tariffs of 79% on all ceramic table and kitchenware from China, up from a range between 13.1-36.1% previously. This follows an investigation by the European Commission that it said found Chinese ceramics were owned, controlled or guided by “authorities”, receiving preferential financing, land and raw materials. The result of this was […]
For nearly a year, two ports, one on either end of the Panama Canal, have been the center of a fascinating geopolitical tussle. Last March, the owner and operator of the ports, Hong Kong’s CK Hutchison, announced it would sell them along with lots of other ports it owns around the world to a US […]