Freeport-McMoRan set to boost copper exports amidst Indonesia export licence extension
In a move to capitalize on soaring copper prices and alleviate smelter shortages, Freeport-McMoRan is gearing up to export up to 900,000 metric tons of [more…]
Category: China
AirAsia launches franchise in Cambodia, promising affordable travel options in recovering aviation market
In a bid to bolster Cambodia’s aviation sector, AirAsia launched its latest franchise in the country on May 2, aiming to revive a market that [more…]
Air China makes landmark $10.8 billion deal for 100 Comac jets, challenging Boeing and Airbus dominance
In a move that could potentially reshape the commercial aviation landscape, Air China has announced its intention to purchase 100 Comac C919 jets in a [more…]
Chery makes history as first Chinese EV maker to establish a plant in Vietnam
In a move that signals the burgeoning electric vehicle (EV) market in Vietnam, automaker Chery has inked a landmark joint venture agreement with local company [more…]
CCB sees more support from Beijing as profit pressures persist
China Construction Bank (CCB) is eyeing additional policy support from Beijing to strengthen the economy, even as major state-owned lenders grapple with the need to [more…]
PAG led consortium’s $8.3 billion investment energizes Dalian Wanda’s mall unit
In a move set to shake up the Chinese property market, a consortium of investors spearheaded by private equity powerhouse PAG has just injected a [more…]
AliExpress scores big with Euro 2024 sponsorship, aims to dominate European e-commerce market
AliExpress, the international e-commerce arm of Alibaba Group Holding, is making moves in the European market with its sponsorship of Euro 2024, the upcoming European [more…]
Xiaomi unveils its electric car SU7, priced below 500,000 Yuan
Xiaomi’s foray into the electric vehicle (EV) market with its new Speed Ultra 7 (SU7) sedan is poised to shake up the industry. With a [more…]
China’s C929 widebody aircraft moves to critical development stage, a major leap in aviation ambitions
China’s ambitious foray into the aviation industry has reached a pivotal stage with the development of its home-grown C929 widebody passenger jet, as announced by [more…]
Shimao Group’s debt woes deepen as offshore restructuring plan faces uphill battle
Shimao Group Holdings, the Shanghai-based property developer, is in the midst of a challenging financial situation, trying to restructure its offshore debt of US$11.7 billion. [more…]