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China Reform Holdings, a state asset manager, is planning a development fund worth at least RMB 100 billion ($13.7 billion) to invest in strategic emerging industries, China Business News reported, citing the company, reports Bloomberg. The fund has received investment intentions from more than 20 government-owned enterprises, provincial administrations and social capital, according to the […]

Huawei is emulating Apple in developing the processors that power its latest smartphone, a breakthrough that will help the Chinese company to reduce its reliance on foreign technology as it confronts US sanctions, reports the Financial Times. Analysis of the main chip inside the Mate 60 Pro smartphone, which launched at the end of last […]

China’s continued reliance on coal-fired electricity plants is pushing the country “off track” from the Paris Agreement goal of limiting global warming to less than 1.5 degrees Celsius by the end of the century, according to energy analysts, reports the South China Morning Post. The world’s largest energy consumer, China will increase its coal consumption […]

Chinese e-commerce giant JD.com said it has completed a maiden international cargo flight between mainland China and Vietnam as the company expands its overseas logistics operations, reports the South China Morning Post. JD Airlines, the air cargo unit of JD.com’s logistics arm, completed its first round-trip flight between Shenzhen and Ho Chi Minh City to […]

Chinese electric vehicle maker Nio Inc said on Wednesday it had raised $1 billion in a two-tranche convertible bond from which it intends to use the proceeds to pay down debt and strengthen its balance sheet, reports Reuters. The company raised $500 million in a six-year put-four convertible bond and the same amount in a […]