Starbucks to sell control of China business
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China, Trump and Xi Jinping
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In September the Dutch government took control of Nexperia, which is based in the Netherlands but owned by a Chinese company, citing national security concerns.
Taiwan must be allowed full and equal participation when China hosts APEC next year, the U.S. State Department said on Wednesday, after Taipei complained that Beijing had "added a lot of conditions" to its attendance.
A Chinese court has sentenced five top members of an infamous Myanmar mafia to death as Beijing continues its crackdown on scam operations in South East Asia. In all 21 Bai family members and associates were convicted of fraud, homicide, injury and other crimes, said a state media report published on the court website.
Take Shell Plc, one of the world's largest liquefied natural gas suppliers. It is investing billions into new LNG supply on the expectation that global demand will expand 60% by 2040, driven largely by China. Its boss, Wael Sawan, told a conference in June that gas could make up 20% of China's energy mix, compared with single digits today.
Taiwan said it welcomed a senior Fijian diplomat this week who met with Vice President Hsiao Bi-khim, a highly unusual trip given the Pacific island state only has formal relations with Beijing, which decries any international exchanges with Taipei.
The German group also paid $700mn for a 5 per cent stake in Xpeng in 2023 and partnered with the Chinese EV maker to develop two VW-branded cars. The FT reported in June that Xpeng’s self-designed Turing AI chip would be used in these models.
Two decades of sustained effort to build national self-reliance and minimize imports have antagonized trade partners but fortified what a senior adviser called Beijing’s “bulwark” against conflicts.
(Reuters) -Shares of Chinese autonomous driving firms WeRide and Pony Ai dropped sharply on Thursday as the companies started trading in Hong Kong, after raising nearly $1.2 billion combined in their listings.
The US Navy needs multi-mission, long-range autonomous warships that can traverse and fight across the vast waters of the Pacific.
The European Union has established a "special channel" of communication with Chinese authorities to secure the flow of rare earth materials vital for EU industries, EU Trade Commissioner Maros Sefcovic said on Wednesday.