Shein executive chairman Donald Tang prepares to step down as Hong Kong IPO approaches

Global fast-fashion retailer Shein is preparing for a major leadership transition as Executive Chairman Donald Tang is expected to step down from his current role while the company's long-awaited initial public offering enters its final stages, according to people familiar with the matter. The move comes as Shein advances plans for a......

Jingye Steel seeks full compensation as UK moves toward British Steel nationalisation

China's Jingye Steel has intensified its dispute with the United Kingdom government, formally demanding what it describes as full and effective compensation following the state's takeover of British Steel. The latest statement marks the strongest public position yet from the Chinese steelmaker as London moves closer to permanently......

China’s economic growth expected to slow in second quarter, increasing pressure for fresh stimulus

China's economy is expected to lose momentum in the second quarter of 2026, with softer domestic demand offsetting resilient export performance and strengthening expectations that Beijing could introduce additional measures to support growth. Economists surveyed by Reuters forecast that China's gross domestic product (GDP) expanded......

China’s submarine missile test signals growing confidence in Sea-absed nuclear deterrence

China's recent submarine-launched ballistic missile test over the South Pacific is being viewed by defence analysts as a significant milestone in Beijing's efforts to strengthen the operational credibility of its sea-based nuclear deterrent. Beyond demonstrating missile performance, the exercise is believed to have provided Chinese......

Typhoon Bavi triggers mass evacuations across China as heavy rains intensify

Chinese authorities have evacuated at least 900,000 residents as Typhoon Bavi advances toward the country's eastern coast, prompting large-scale emergency measures amid forecasts of torrential rainfall and strong winds. The city of Wenzhou, located roughly 400 kilometres south of Shanghai, is among the areas most affected by precautionary......

Northern China prepares for severe rainfall as Typhoon Bavi approaches

Authorities across northern China have intensified preparations for heavy rainfall and potential flooding as Typhoon Bavi moves closer to the country, bringing large amounts of moisture toward regions far from its expected landfall area. Local governments have closed public attractions, adjusted reservoir operations and issued weather warnings......

German automakers suffer steep China sales decline as local rivals gain momentum

German automotive manufacturers experienced another difficult quarter in China, with Volkswagen, Mercedes-Benz and BMW reporting significant declines in vehicle sales as competition from domestic brands intensified in the world's largest automobile market. The latest figures highlight the mounting challenges facing established international......

Shein receives China approval for Hong Kong IPO after failed New York and London plans

Chinese online fast-fashion giant Shein has received approval from Chinese regulators to proceed with a long-awaited initial public offering (IPO) in Hong Kong, marking a major step toward a potential stock market debut after previous attempts in other financial centres failed. The China Securities Regulatory Commission (CSRC) confirmed the......

Deadly factory fire in China prompts Xi Jinping to warn of heavy casualties

A devastating fire at a shoe manufacturing factory in southeastern China has resulted in what President Xi Jinping described as "heavy casualties," as emergency teams continued rescue operations at the site. The blaze broke out around midday on Thursday at the Huiteng shoe factory in Jinjiang, a manufacturing hub in China's......

Philippines rejects Chinese scholars’ claim over strategic island province near Taiwan

The Philippines has rejected claims by Chinese scholars suggesting that its northernmost island province of Batanes belongs to China, describing the assertions as unfounded and warning that such statements could deepen existing regional tensions. Philippine Defence Secretary Gilberto Teodoro criticized the remarks on Thursday, calling them......

China adds semaglutide to essential medicines list to expand diabetes treatment access

China is set to include semaglutide, a GLP-1 medication used in diabetes care, on its national essential medicines list, a move aimed at improving access to advanced treatments across the country. The decision, announced by Chinese authorities on Thursday, will require public hospitals to prioritize the availability of the drug within their......

China landslide kills 21 people as extreme weather triggers deadly disasters

At least 21 people have died and seven others have been injured after a landslide struck a village in China’s northwestern Gansu province, according to state media reports. The disaster occurred in Tanchang County, where rescue operations have now been completed after emergency teams searched the affected area and assisted residents......

Floods trigger mass zoo animal escape in southern China after Typhoon Maysak

Severe flooding triggered by Typhoon Maysak has forced the escape of around 100 animals from a zoo in southern China after rising waters damaged several enclosures, prompting authorities to urge residents to remain vigilant while recovery efforts continue. The incident occurred at Guigang Zoo in the Guangxi region, where torrential rainfall......

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