Refiners in China, the world’s top oil importer, have enough supply on hand to weather near-term disruption from the Iran conflict, reports Reuters citing traders. The supply is bolstered by recent record purchases of Iranian and Russian crude and robust government stockpiling. China has around 900 million barrels in strategic inventories, or 78 days’ worth of imports, according to […]
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China’s interbank market regulator has revealed new rules for technology and innovation bonds, reports Caixin. The move aims to steer more funding into hard tech sectors and address a structural imbalance that has favored state-owned giants over private firms. The National Association of Financial Market Institutional Investors (NAFMII) on Monday released updated guidelines, set to take […]
Chinese telecom giant Huawei is introducing its latest supernode computing clusters to the international markets at this year’s MWC Barcelona, reports the South China Morning Post. The new products aim to offer an alternative to US-led AI systems from rivals such as Nvidia. The Shenzhen-based firm plans to debut the Atlas 950 SuperPoD, a system powered by […]
Noetix Robotics, one of four robot manufacturers recently featured on China’s widely-watched Spring Festival Gala, announced on Monday that it has completed a Series B funding round, bringing the total raised in this tranche to nearly RMB 1 billion ($145.9 million), reports Caixin. The latest round was led by Chendao Capital, an industrial investment platform affiliated […]
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Uncertain times
A large number of Chinese companies are facing disruption as a result of the Iran war, with many closing down operations, evacuating their staff and reconsidering how much can be done remotely as opposed to having people on the ground. The Morning Post said that WeRide, Meituan and Baidu were among the companies halting operations […]