China evergrande founder falls from power to fraud guilty plea

The former chairman of China Evergrande Group, Hui Ka Yan, has admitted guilt in a major fraud case, marking a dramatic fall from one of the most powerful figures in China’s property sector to a central figure in its largest corporate collapse. Once celebrated as the founder of a real estate empire built in the 1990s, Hui rose to prominence......

Gold holds near $4,730 as Heraeus flags downside risks

Gold prices are stabilizing near $4,730 per ounce, but analysts at Heraeus warn that the market may face further consolidation or declines before any sustained rally resumes. In its latest Precious Appraisal report dated March 30, Heraeus said short-term momentum remains bearish for both gold and silver. The firm pointed to the emergence......

Chinese AI solves decade-old math conjecture in 80 hours

A research team at Peking University has developed an artificial intelligence system capable of solving and formally verifying a long-standing mathematical conjecture without human input, completing the task in roughly 80 hours. The system addressed the Anderson conjecture, a problem in commutative algebra introduced in 2014 by Dan Anderson.......

Xi calls for respect of sovereignty and international law in the Middle East

Chinese President Xi Jinping has called for greater respect for national sovereignty and international law in the Middle East, amid ongoing regional tensions and diplomatic challenges. Speaking during a meeting in Beijing with Khaled bin Mohammed bin Zayed Al Nahyan, the Crown Prince of United Arab Emirates, Xi stressed the importance of......

Lavrov in China to coordinate on global issues

Russian Foreign Minister Sergei Lavrov arrived in Beijing for a two-day official visit aimed at strengthening coordination between Russia and China on key international and regional issues. The visit comes at a time of heightened diplomatic activity, particularly in relation to ongoing tensions in the Middle East. Both Moscow and Beijing......

African firms rush to prepare for China's zero-tariff regime starting May 1

China's plan to eliminate customs duties on imports from 53 African nations takes effect May 1, just weeks away, reshaping trade diplomacy across two continents. The move draws sharp reactions from Western capitals viewing it as Beijing expanding economic sway under a development banner. President Xi Jinping announced the policy in a February......

China's Q1 GDP growth forecast to rebound to 4.8% despite Iran war risks

China's economy gained momentum in the first quarter of 2026, but economists warn the ongoing Iran war could drag growth for the rest of the year as energy costs rise and global demand weakens. A Reuters poll of 50 economists published Monday projects gross domestic product expanded 4.8 percent year-on-year from January to March, up from......

Philippines warns of “sabotage” after cyanide seizure in disputed south China sea atoll

The Philippines has raised concerns over what it describes as possible “sabotage” activities after authorities discovered cyanide on vessels operating near a disputed reef in the South China Sea. According to Philippine security officials, laboratory tests confirmed the presence of highly toxic cyanide in bottles seized during......

Hormuz crisis boosts China clean energy exports as oil flows disrupted

The crisis in the Strait of Hormuz has accelerated a global shift away from fossil fuels, driving a sharp increase in China’s clean energy exports as countries seek alternatives to disrupted oil and gas supplies. Since Iran effectively blocked the strategic maritime route on February 28 following US and Israeli airstrikes, roughly one......

Spanish premier calls for end to conflicts and greater China role

Spain’s Prime Minister, Pedro Sánchez, has called for renewed international efforts to end ongoing conflicts in the Middle East and Ukraine, emphasizing the need for a stronger diplomatic role from China on the global stage. Speaking during an official visit to Beijing, Sánchez highlighted the importance of multilateral......

Chinese crystal sets record in race to build nuclear clocks

Chinese scientists have developed the first crystal capable of generating the ultraviolet light required to power thorium-based nuclear clocks, marking a key step toward navigation systems that can operate without GPS. The material, a fluoroborate compound created by a team led by Pan Shilie at the Xinjiang Technical Institute of Physics......

Vietnam moves closer to China’s governance model as state control expands

Vietnam appears to be gradually aligning itself more closely with China’s model of governance, as authorities in Hanoi expand state control and explore regulatory frameworks inspired by Beijing. Recent policy discussions suggest that Vietnam is considering measures similar to those implemented in China, particularly in areas such as......

Trump warns China of steep tariffs over potential military support to Iran

U.S. President Donald Trump has warned that China could face heavy trade penalties if it provides military assistance to Iran amid the ongoing regional conflict. Speaking in a televised interview, Trump stated that Washington could impose tariffs of up to 50% on Chinese goods if Beijing were found to be supporting Iran militarily. The remarks......

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