China Economic ReviewChina’s electricity consumption exceeded 1 trillion kilowatt-hours for two consecutive months for the first time ever this summer, driven by searing temperatures and a steady economic recovery, reports Caixin. According to a National Energy Administration report released Oct. 31, power usage across society hit 1.0089 trillion kilowatt-hours in July and 1.0154 trillion kilowatt-hours in August—setting […]
Chinese companies in the European Union say business conditions in the bloc have deteriorated for a sixth consecutive year, with rising labour costs and political challenges pressuring their operations, according to a survey published on Wednesday, reports Reuters. The survey for the China Chamber of Commerce to the EU of 200 Chinese companies and organisations […]
The Simandou iron ore project in Guinea, the world’s largest untapped reserves of high-grade ore, officially began production on Tuesday, marking a historic milestone that could reshape the global steelmaking market and advance China’s overseas resource ambitions, reports Caixin. The launch ceremony at Morebaya Port attracted high-profile attendees, including Chinese Vice Premier Liu Guozhong, representing […]
Brussels has called for an EU-wide handling fee on small packages ordered online from platforms such as Shein, Temu and Alibaba to be imposed in early 2026, more than two years earlier than scheduled, in a bid to crack down on billions of cheap Chinese imports each year, reports the Financial Times. The European Commission […]
Chinese drug developer Sichuan Biokin Pharmaceutical has postponed its Hong Kong share listing, which had been scheduled to begin on Monday, as enthusiasm for initial public offerings (IPOs) in the sector may be cooling, according to analysts, reports the South China Morning Post. The company cited “prevailing market conditions” in a stock-exchange filing on Wednesday […]