Business

Russia’s Titanium Giant Hands Its British Arm to a Little-Known Hong Kong Company Named Quri

UK filings show that Hong Kong’s Quri Investment Limited was listed as holding at least 75% of VSMPO Tirus Limited’s shares on 1 October 2026, the same day Russian titanium producer VSMPO-AVISMA ceased to be listed as having significant control. The filings do not disclose the terms of the deal.

Zhong Shanshan Net Worth 2026: The Water King Now Runs on Tea

Zhong Shanshan's net worth in 2026, how Nongfu Spring made him China's richest man, and why tea, not water, now drives his fortune.

Xi Jinping Urges China, US Youth to Advance Bilateral Cooperation

President Xi Jinping told students from 10 US universities he hopes young people will advance China-US cooperation in a reply to their letter.

China Tests Star-Based Navigation for Its 2030 Jupiter Mission

Chinese researchers tested stellar aberration navigation aboard the Tianhui-7 satellite in January, fixing its position to within 5km ahead of a 2030 Jupit

Hong Kong Cuts Subsidised Physiotherapy Places by a Third for 2027-28

Hong Kong's Education Bureau cut subsidised physiotherapy places by about a third for 2027-28 as graduates face a tightening job market

Gotion to build EV batteries in Europe with Slovakia’s InoBat

Chinese battery maker, Gotion High Tech Co., is set to revolutionize the European electric vehicle market with its new joint venture with Slovakian peer,...

Honda to merge production planning, engineering units in China to aid EV rollout

Honda Motor Co. is taking steps to bolster its business in China with a major merger of its production and engineering units. Effective April...

GM says China lab develops solid-state battery

The Shanghai-based science lab of the automaker has engineered a "revolutionary" high-power bipolar solid-state battery that is poised to shake up the game. General Motors...

China, Greece sign strategic cooperation agreement on shipping finance

Shanghai's Lujiazui Financial City Council and the Association of Banking and Financial Executives of Hellenic Shipping recently signed a strategic cooperation agreement in shipping...

China tightens requirements on classifying banks’ asset risks

China is taking a stricter approach to managing financial risks in its banking sector. Effective July 1, banks must classify all assets, including bonds,...

China’s automobile industry registers steady expansion in 2022.

The Chinese automobile industry has been showing a stable growth trend in 2022, with impressive year-on-year increases in revenue and profits, according to data...

China car sales plunge 38% in January as subsidies, tax cut end

China's passenger car sales took a hard hit in January, with a 38% slump reversing the 2.4% gain from the previous month. As it...

Tianwen-1 marks 2 years in Martian orbit

It has been two years since China's Tianwen-1 probe slipped into orbit around Mars. The orbiter has carried scientific instruments on its journey and...

China’s warming foreign trade boosts global economic recovery

It is a busy period in South China's Guangdong Province. The region, a primary economic hub, is seeing a robust rebound in foreign trade...

Chinese Tech companies join AI chatbot craze

The latest craze in the tech world is artificial intelligence-powered chatbots, with the standout being OpenAI's ChatGPT, which has taken the industry by storm...

Fitch Revises Up Projection of China’s 2023 Economic Expansion to 5%, Up from 4.1%

The reason for the revision, according to Fitch, is the "evidence of a faster-than-expected recovery in consumption and activity" following the lifting of many of China's strict Covid restrictions. This shift away from the country's "Covid-zero" policy has opened the door for increased economic activity.

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