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CHINA YUAN UPDATE
China's anti-desertification drive restores 10 million hectares in five years, targets 6.7 million more by 2030China has restored over 10 million hectares of desertified land and nearly 2 million hectares of rocky desertification during the 14th Five...- Why are oil prices up today, and will Brent, US WTI crude futures continue to rise or fall in next few days? Full explainer on Gulf conflict, Strait of Hormuz risks and global marketsWhy are oil prices up today, and will Brent, US WTI crude futures continue to rise or fall in next few days? Oil prices climbed after new c...
- Chinese startup ShengShu raises $293 million to advance artificial general intelligenceFounded in early 2023 by Tsinghua University alum Zhu Jun, ShengShu became the first Chinese company to release a video generation model wh...
- Zhipu accelerates pivot to domestic chips amid AI boom in ChinaChinese AI firm Zhipu AI is boosting its use of local chips amid soaring computing needs. The company reported strong revenue growth for 20...
- China's Zhipu posts 132% rise in annual revenue on AI boomZhipu AI reported revenue growth of 131.9% for 2025 on Tuesday, in its first results update since raising HK$4.35 billion ($554.9 million) ...
- Fired Microsoft engineer takes up goose farming as new career: Check viral LinkedIn profileFeng Yuan's viral journey from a 22-year tenure at Microsoft to becoming a goose farmer has captivated social media. Initially shared by X ...
- Tesla woos China customers with cheaper cars after Musk defers India visitTesla Inc. has reduced vehicle prices in China amidst stiff competition. Tesla had earlier introduced incentives in China to attract consum...
- Chinese chip design startup Moore Threads valued at $3.4 billion in funding before US curbsThe US in October added the graphic processing unit designer to a trade blacklist, cutting it off from having its chips manufactured by Tai...
- China's semiconductor state fund invests $2 billion in memory chip firmThe deal saw China Integrated Circuit Industry Investment Fund, also known as the "Big Fund", contribute to 33.15% of the total registered ...
- Tesla launches updated Model Y in China, keeps starting price unchangedTesla unveiled a restyled Model 3 with a longer driving range, manufactured at its Shanghai factory, in China and other export markets in e...
- China's yuan weakens to near 15-year low in aftermath of party congressU.S.-listed shares of Chinese companies slumped on Monday after President Xi's new leadership team sparked investor concerns that ideology-...
- Didi revenue falls as China's regulatory crackdown hits businessDaniel Zhang, the chief executive officer of Chinese e-commerce giant Alibaba Group Holding, who had served as a director on Didi's board s...
- Didi revenue falls as China's regulatory crackdown hits businessShares of Didi, which had soared in their IPO giving the company a valuation of $80 billion and marking the biggest U.S. listing by a Chine...
- China bails out Pakistan to repay $ 2 billion Saudi-debt: Pak mediaOut of $2 billion, Pakistan is now set to return the $1 billion soon, leading Pak daily Express Tribune reported quoting sources in the fin...
- Volkswagen takes on Tesla with first ID.4 electric models in ChinaThe models mark the start of a major push by Volkswagen into the electric vehicle market in China to take on the likes of Tesla and Nio Inc.
- China's Ant takes another step towards $35 billion IPO with registration moveThe Shanghai Stock Exchange approved the listing plan last week.
- Coronavirus in China: Just $13 to fly across the country as airlines struggle to fill seatsAirlines in China are offering tickets for as cheap as $13 as it struggle to fill seats amid coronavirus scare.
- China dilutes dollar role in currency basketAdditions include the South Korean won, the South African rand, the United Arab Emirates' dirham, Saudi Arabia's riyal, Hungary's forint, P...
- China's economy will reach official target of 7.5 per cent: Premier Li KeqiangChinese Premier Li Keqiang reassured the world about the health of China's economy.
- Slowing economy likely to drag down China's corporate profits: ReportSZSE are expecting to see a drop in profits or losses in the first three quarters of the current year due to the impact of the economic slo...
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