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BUSINESS5d agoEU trade chief in talks with China to rebalance 'unsustainable' deficitThe EU trade chief is holding discussions with China to address a trade deficit, aiming to restore balance in their economic relationship. This indicates ongoing efforts to resolve trade imbalances between major global economies.Seeking Alpha Tech
BUSINESS5d agoChina AI startup Manus raises more than $500M after Meta deal blockedChinese AI startup Manus has successfully raised over $500 million in funding following a blocked deal with Meta. This significant investment highlights continued growth and interest in the AI sector despite regulatory hurdles.Seeking Alpha Tech
BUSINESS6d agoUniqlo sees profits soar in China despite Beijing-Tokyo tensionsFast Retailing, the parent company of Japanese clothing retailer Uniqlo, has defied the ongoing political tensions between Beijing and Tokyo and soft consumer sentiment in China to log a rebound in sales and profits on the Chinese mainland. The Japanese firm said the 2026 financial year, which ended in August, had been a period in which its mainland China business had “made steady progress, with encouraging steps indicating a return to growth”, according to its annual report released on...South China Morning Post
BUSINESS6d agoChina’s AI chipmaker Biren tumbles 12% as it seeks US$510 million in share placementShares of artificial intelligence chipmaker Shanghai Biren Technology tumbled more than 12 per cent in Hong Kong on Thursday amid plans to raise HK$4 billion (US$510 million) through a share placement, as competition with other Chinese Nvidia challengers intensifies. The sell-off followed a stock exchange filing by the Hong Kong-listed company on late Wednesday, which revealed it had engaged placing agents on a “best effort” basis to issue 130 million new shares at HK$31.08 apiece. The offering...South China Morning Post
BUSINESS6d agoTrade confrontation threatens: ‘super-crucial’ meeting between EU and ChinaPeking is vandaag en morgen het decor van een ontmoeting tussen de Europese Unie en China. Na maanden van oplopende spanningen over de onderlinge handel, ontmoet Eurocommissaris van Handel Sefcovic daar de Chinese handelsminister Wang Wentao. De Europese Unie wil zo snel mogelijk een oplossing voor een steeds schevere handelsbalans die inmiddels is opgelopen tot 1 miljard euro per dag. Daardoor worden de Europese industrie en werkgelegenheid hard geraakt. Sefcovic noemt deze ontmoeting "supercruciaal". China heeft juist baat bij de status quo, omdat het veel verdient aan Europese consumenten. NOS Buitenland
BUSINESS6d agoEU and China open crunch trade talks in Beijing on hybrid car exportsEuropean Union trade commissioner Maros Sefcovic arrives in Beijing on Thursday for two days of high-stakes talks with China, with Brussels seeking a pilot agreement to curb the surge in Chinese hybrid-car exports and reduce a trade deficit now running at around €1 billion per day.RFI [en]
BUSINESS6d agoCan Europe finally get tough on China?Trade Commissioner Maroš Šefčovič is kicking off his visit to China today — and the stakes are high. On today’s show, Zoya Sheftalovich and Sarah Wheaton discuss the most important topic on the agenda: Europe’s trade deficit with China. France and Germany are finally on the same page and want Brussels to get tougher on […]Politico Europe
BUSINESS6d agoEU sends envoy to Beijing as rising exports from China raise economic anxietyThe European Union is bracing for a confrontation with China as a trade deficit exceeding $1 billion a day heightens anxiety over potential job losses and pushes the bloc’s political leaders to take a more aggressive approach toward its second-largest trading partnerThe Independent World
BUSINESS6d agoAs China and the EU begin crunch trade talks, optimism is in short supplyAs China and the European Union began a fresh round of trade talks in Beijing on Thursday, observers on both sides appeared to agree on one thing: a big breakthrough was unlikely. Chinese firms based in Europe said they hoped the talks could achieve some “limited progress” to help stabilise the trade relationship, while European analysts remained cautious about the potential outcome. “They’re bound to get some results,” said a Chinese source with knowledge of the talks, adding that EU Trade...South China Morning Post
BUSINESS6d agoChina boss gifts top employees new BMWs to protect them from harsh weather commutesA restaurant boss in China has received widespread online admiration for gifting brand-new BMWs to her top-performing employees because she hated seeing them brave harsh weather on electric bikes during their commutes. Ma Yanli, owner of a beef hotpot chain headquartered in Jiaozuo, in central Henan province, took some of her workers to collect their new BMWs on September 24. The cars, each priced at 300,000 yuan (US$45,000), had been bought by Ma two weeks earlier with full payment, Henan TV...South China Morning Post
BUSINESS6d agoSupertanker chartered from Gulf Coast to China for $76 million, 10 times higher than pre-war levelShipping costs have exploded as the war in the Persian Gulf has led to a shortage of available tankers.CNBC
BUSINESS6d agoChina slaps down EU request for voluntary curbs on hybrid car exportsEuropean Commission now considering temporary limits to control surging shipments that could trigger serious trade conflictFinancial Times
BUSINESS6d agoWhy China’s export engine may hit a ceiling as trading partners face limitsWhile China’s export engine still has room to grow, many of its trading partners may be approaching the limit of how much more they can absorb, which could place a ceiling on further growth over the coming years, according to a Goldman Sachs report. “At least over the next few years, there is still room for Chinese exports to maintain their strong momentum,” analysts said in the report led by the American investment bank’s chief China economist Hui Shan on Wednesday. “Over the longer term,...South China Morning Post
BUSINESS6d agoChina's Golden Week reveals cautious consumer spending despite travel surgeChinese visitors are returning from trips after the 13-day Golden Week holiday. Their subdued spending has raised fresh questions about domestic demand in the world's second-largest economy.DW News [en]
BUSINESSOct 7Zhong Shanshan, from bricklayer to billionaire: this is how the most hated man in China built his fortuneEl empresario pasó por la construcción, el periodismo y distintos negocios antes de crear una de las mayores compañías de bebidas de China. Su fortuna creció con el agua embotellada y la industria farmacéutica, aunque también quedó envuelto en fuertes campañas de rechazo en redes.Clarín
BUSINESSOct 7Last chance saloon: EU presses China for a sign to prove trade talks can workThe European Union’s top trade mandarins depart for Beijing on Wednesday for two days of intensive negotiations but expectations in Brussels are measured as to what the talks will deliver. Maros Sefcovic, the EU’s trade chief, will meet his Chinese counterpart Wang Wentao on Thursday and Friday – three months after their last encounter in Brussels, when the Europeans set an October deadline for signs of a rebalancing in the trading relationship. Non-stop working-level talks have proven...South China Morning Post
BUSINESSOct 7US firm ArriVent’s plunge shows risks facing China’s biotech expansion into global marketsUS firm ArriVent BioPharma’s shares plummeted after a late-stage trial failure involving a cancer drug licensed from China, a setback that analysts said highlighted the challenges facing Chinese biotech companies expanding overseas. New York-listed ArriVent closed down nearly 47 per cent on Tuesday after reporting that its cancer treatment firmonertinib failed to meet its main goal in a phase 3 trial. Firmonertinib was originally developed by Shanghai Allist Pharmaceuticals to treat non-small...South China Morning Post
BUSINESSOct 7The taxman comes for China’s offshore richesThe crackdown has rattled the country’s wealthiest people and the businesses in Hong Kong, Singapore and Tokyo that manage their moneyFinancial Times
BUSINESSOct 6China’s economy to slow as global growth stays solid, US think tank report saysChina’s economic growth is expected to slow further next year as export strength fades and weak domestic demand persists, even as the global economy remains resilient, according to a new outlook from the Peterson Institute for International Economics (PIIE). The Washington-based think tank projects China’s GDP will grow 4.6 per cent this year and 4.3 per cent in 2027, down from 5 per cent growth in 2025, according to its semi-annual Global Economic Prospects report, released on Tuesday. The...South China Morning Post
BUSINESSOct 6After cordial Xi-Trump summit, could China’s US dollar pivot cause tremors?As President Xi Jinping and US President Donald Trump talked tariffs, agricultural quotas and critical minerals at last month’s closely watched summit in Washington, an “elephant in the room” loomed over the discussion: China’s efforts to gradually diversify away from US dollar assets. Beijing has gradually been cutting its holdings of US Treasuries while pushing to expand the yuan’s global use and developing alternative financial architecture. While these issues may not have featured in the...South China Morning Post
BUSINESSOct 6EU-China trade tensions: Five things to know as Brussels and Beijing face crunch talksThe next ten days will be critical for EU-China relations. EU Trade Commissioner Maroš Šefčovič will travel to Beijing later this week for high-level talks aimed at rebalancing the trade relationship and securing “tangible” results ahead of next week’s meeting of EU leaders.EuroNews [en]
BUSINESSOct 6China's Moonshot AI targets Q1 2027 IPO at $50B valuation - reportA report indicates that China's Moonshot AI plans for an initial public offering in early 2027, aiming for a $50 billion valuation. This signifies a major development for an AI company in the tech and finance sectors.Seeking Alpha Tech
BUSINESSOct 6Germany joins France in call for China trade defencesGermany and France, the European Union’s two largest economies, jointly called for tougher EU trade defences, as European and Chinese negotiators prepare for crunch talks this week under the shadow of a potential trade war. “The open and rules-based trade system is massively affected by weaponisation of trade, systemic market-distorting practices, and global macroeconomic imbalances,” German Chancellor Friedrich Merz and French President Emmanuel Macron said in an open letter. “We need urgent...South China Morning Post
BUSINESSOct 6Short trade truce can’t paper over realities of US-China relationshipThe recent US-China summit yielded a narrow, caution-filled outcome for bilateral trade: a two-month extension of the Kuala Lumpur trade truce, which now expires on January 10 next year. This reprieve eases fears of immediate tariff escalation and shows that head-of-state diplomacy can still curb spiralling confrontation. Yet the short timeline exposes the wide gulf separating the two sides’ priorities. China’s position has been unambiguous: removal of all punitive tariffs and restrictive...South China Morning Post
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