Taiwan says China is increasing diplomatic pressure after Papua New Guinea office closure

Taiwan has accused China of intensifying efforts to isolate the self-governed island internationally after Papua New Guinea announced it would close Taiwan's representative office in the country. Speaking in Taipei, Vice President Hsiao Bi-khim said Taiwan was facing an increasingly difficult diplomatic environment because of what she......

Shein moves closer to major Hong Kong IPO targeting up to $3 billion

Fast-fashion giant Shein is moving closer to launching one of the largest initial public offerings (IPOs) in Hong Kong in recent years, with reports indicating the company aims to raise between $2 billion and $3 billion through its planned stock market debut. According to market sources, the company has made significant progress in the regulatory......

China opposes unilateral sanctions and vows to protect its companies

China has reaffirmed its opposition to what it describes as unilateral sanctions that are not authorized under international law, pledging to safeguard the legitimate interests of Chinese businesses and citizens if additional restrictive measures are introduced. Speaking at a regular press briefing, Chinese Foreign Ministry spokesperson Lin......

China rejects US sanctions plan targeting buyers of Russian oil

China has strongly rejected a proposed United States sanctions framework aimed at countries that continue purchasing Russian oil, warning that it would oppose measures it considers unilateral and incompatible with international law. The statement comes as a bipartisan group of US senators advances legislation that would allow President Donald......

China dismisses Taiwan military drills as cross-strait tensions continue

China has criticized Taiwan's latest military exercises, describing them as ineffective and reaffirming its long-standing position that the island is part of its territory. The comments were made by a spokesperson for the Taiwan Affairs Office of the State Council, who argued that military activities organized by Taiwan's authorities......

Family of detained US seismologist urges China to release scientist held on espionage charges

The family of American seismologist Youlin Chen has publicly appealed for his release after more than 20 months in Chinese detention, intensifying pressure on Beijing as diplomatic efforts between the United States and China have yet to secure his freedom. Chen, who was arrested in November 2024 on espionage allegations, is officially recognized......

DeepSeek founder Liang Wenfeng becomes world's wealthiest AI startup founder

Liang Wenfeng, founder of Chinese artificial intelligence startup DeepSeek, has become the world's wealthiest founder of an AI-focused company following a sharp increase in his personal fortune after the company's latest funding round. According to the Bloomberg Billionaires Index, Liang's net worth has risen significantly, driven......

China calls for restraint as tensions over the Strait of Hormuz intensify

China has expressed deep concern over renewed military tensions in the Gulf region, urging all parties to exercise restraint and safeguard freedom of navigation through the Strait of Hormuz, one of the world's most strategically important maritime corridors. Speaking at a regular press briefing, a spokesperson for China's Ministry......

China’s car exports surpass one million vehicles in June as global expansion accelerates

China’s automotive industry reached a new milestone in June, with monthly vehicle exports exceeding one million units for the first time. The record performance highlights the rapid expansion of Chinese carmakers on international markets, particularly in the electric vehicle segment. According to industry figures, Chinese automobile......

China rejects claims of seeking influence as Wang Yi meets Solomon Islands counterpart

China has denied pursuing geopolitical dominance in the Pacific region, with Foreign Minister Wang Yi stating that Beijing does not seek a “sphere of influence” in its relations with Pacific island nations. Speaking during a meeting with his counterpart from the Solomon Islands in Beijing on Tuesday, Wang Yi said China’s......

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......

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