Geely-owned Chinese EV manufacturer Zeekr began selling cars in Germany on Monday with three models priced from €37,990 ($44,065), reports Reuters. Chinese automakers are expanding in Europe, betting on their competitive pricing and advanced technology to break into a market traditionally dominated by European and American brands, amid a global shift towards electric vehicles. Zeekr […]
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First Simandou ore shipment stuck at port
The first shipment from Guinea’s Simandou iron ore project has remained stuck at anchor more than two weeks after loading began, reports Caixin. A dispute over locomotives and rising geopolitical friction is the cause of stalled progress at one of the world’s largest iron ore reserves. On Nov 11, Simandou began loading 9,850 tonnes of […]
Chinese state-backed cruise operator Adora announced Friday it will cancel all Japan-bound itineraries in the first quarter of 2026, after rising tensions between the two countries, reports Caixin. The company said its two ships, Adora Magic City and Adora Mediterranean, will instead sail to South Korea and Southeast Asia. Adora is the first Chinese cruise operator to […]
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Factory slide
For the eighth month in a row, China’s factory Purchasing Managers Index (PMI) contracted in November, and while that drop was slightly less than the previous month, anything under 50 is shrinkage in overall factory activity. Weak domestic demand, the ongoing US-China trade war and dismal property market have all contributed. This comes as no […]
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Dialing tone
There was a seemingly unplanned call this week between Donald Trump and Xi Jinping, and while increased communication is welcome, there is not much clarity over what exactly came of it. It seems now that, despite some claims to the contrary, the call was initiated by Washington under the guise of a nudge for China […]