China’s largest gold mining company Zijin Mining is acquiring Canada’s Allied Gold in an all-cash deal valued at about $4 billion. This is the first major cross-border transaction since Canadian Prime Minister Carney’s recent visit to Beijing, which saw a thawing of several years of diplomatic tensions. The announcement came as gold prices reached a […]
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Guangdong province, China’s largest regional economy, expanded by 3.9% in 2025, reports Caixin. The number fell short of its official goal and saw the province far below the national average as the country’s top manufacturing hub continues to grapple with a prolonged property slump. The province’s gross domestic product rose to RMB 14.58 trillion ($2.1 trillion) […]
China is expected to finish construction on the Pinglu Canal before the end of this year, reports the South China Morning Post. This would mean it has taken just four years to complete the RMB 72.7 billion (US$10.4 billion) project, which aims to boost trade links with the country’s top export destination: Southeast Asia. The mega-project […]
Texas will bar its employees from using Shein, Alibaba and TP-Link hardware and software, reports Reuters. The announcement was made by the governor, saying his state made the decision to protect the “privacy of Texans” from the Chinese government. The list also includes online commerce platform Temu and battery maker CATL, according to the statement from […]
As the Lunar New Year holiday approaches, Chinese internet and tech giants are handing out enormous amounts of cash in the form of digital red envelopes to lure new users of their artificial intelligence (AI) apps, reports Caixin. Following the Chinese tradition of young people receiving red envelops stuffed with cash from their elders, China’s internet […]