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State Grid Corp. of China was the biggest winner at Brazil’s auction for 21.7 billion reais ($4.4 billion) in transmission lines on Friday, which will help connect renewable-power projects to major population centers, reports Caixin. The Chinese utility took the biggest project, and other winners include Celeo Redes Transmissao de Energia SA and Olympus XVI, […]

JD.com’s logistics unit has launched a new cross-border express delivery service for consumers to North American and European markets, as the Chinese e-commerce giant seeks overseas growth to offset weak demand at home, reports the South China Morning Post. The consumer-oriented and one-way international delivery service by JD Logistics (JDL) is now available in the […]

Chinese leaders agreed at an annual meeting on the economy this week to run a budget deficit of 3% of gross domestic product in 2024, three sources with knowledge of the matter said, while other fiscal support may be covered by off-budget debt, reports Reuters. While the deficit figure is lower than this year’s revised […]

Industrial output and retail sales rose in China last month, but the increase from a low base failed to dispel doubts about prospects for growth in the world’s second-biggest economy, reports the Financial Times. Industrial production rose 6.6% year on year, ahead of analysts’ expectations, data showed on Friday. Retail sales rose 10.1%, lower than anticipated. […]

Sixty percent of British firms feel that a slowing Chinese economy presents a bigger challenge to their operations in the Asian giant than strict COVID curbs in place until late last year, according to the British Chamber of Commerce in China, reports Reuters. While the “peak pessimism” recorded during the pandemic is easing, British businesses […]