China News

Asian shares on Friday extended overnight global gains thanks to strong results from regional tech firms and U.S. retailers

China has announced a range of measures to support auto sales and the sputtering economy, including a halving of the tax on purchases of small-engine cars with sticker prices of up to about $45,000.

The car is said to have a range of 620 km with a 77 kWh battery

Oil prices hit a two-month high at $121 per barrel as China eased COVID-19 restrictions and traders priced in expectations that the European Union will eventually reach an agreement to ban Russian oil imports.

Crude imports by China in the first four months of 2022 fell 4.8% from a year ago, but April imports were up nearly 7%.

Both houses of Congress have passed legislations to make the US more competitive with China that includes the chip funding though lawmakers have so far failed to reach consensus on a final version of the package.

China's two largest cities have contained COVID-19 following a bruising four-month fight that saw millions of residents locked in their homes, exhaustive testing and restrictions on daily life that impacted every facet of society and the economy.

After a senior Communist Party official said that the "zero-covid" policy would remain in place in Beijing "for the next five years," Chinese censors removed his speech from the Internet.

Pakistani Finance Minister Miftah Ismail said on Friday that a loan of USD 2.3 billion from a Chinese consortium of banks had been credited to the central bank's account.

After a group of men assaultedfour women outside a restaurant in China recently, the Tangshan city has been stripped of its honorary "civilized" status.

All three companies cautioned that output had not yet fully recovered, constrained by parts supply issues. Shanghai, a key production hub, ended its two month lockdown for most residents on Wednesday.

Oil prices fell on Friday, after U.S. consumer prices rose more than expected and China imposed new COVID-19 lockdown measures.

China is Australia's largest trading partner and the biggest customer for its iron ore - its largest export earner - but diplomatic relations have been strained in recent years.

China's appalling behaviour in the South China Sea (SCS) is similar to what India witnessed at the Line of Actual Control (LAC), said Richard Marles, Australia's Deputy Prime Minister and Minister for Defence.

Chinese battery giant Contemporary Amperex Technology Co Ltd (CATL) has supplied electric vehicle (EV) batteries to South Korea's Kia Corp.

Asian shares on Friday extended overnight global gains thanks to strong results from regional tech firms and U.S. retailers

China has announced a range of measures to support auto sales and the sputtering economy, including a halving of the tax on purchases of small-engine cars with sticker prices of up to about $45,000.

The car is said to have a range of 620 km with a 77 kWh battery

Oil prices hit a two-month high at $121 per barrel as China eased COVID-19 restrictions and traders priced in expectations that the European Union will eventually reach an agreement to ban Russian oil imports.

Crude imports by China in the first four months of 2022 fell 4.8% from a year ago, but April imports were up nearly 7%.

Both houses of Congress have passed legislations to make the US more competitive with China that includes the chip funding though lawmakers have so far failed to reach consensus on a final version of the package.

China's two largest cities have contained COVID-19 following a bruising four-month fight that saw millions of residents locked in their homes, exhaustive testing and restrictions on daily life that impacted every facet of society and the economy.

After a senior Communist Party official said that the "zero-covid" policy would remain in place in Beijing "for the next five years," Chinese censors removed his speech from the Internet.

Pakistani Finance Minister Miftah Ismail said on Friday that a loan of USD 2.3 billion from a Chinese consortium of banks had been credited to the central bank's account.

After a group of men assaultedfour women outside a restaurant in China recently, the Tangshan city has been stripped of its honorary "civilized" status.

All three companies cautioned that output had not yet fully recovered, constrained by parts supply issues. Shanghai, a key production hub, ended its two month lockdown for most residents on Wednesday.

Oil prices fell on Friday, after U.S. consumer prices rose more than expected and China imposed new COVID-19 lockdown measures.

China is Australia's largest trading partner and the biggest customer for its iron ore - its largest export earner - but diplomatic relations have been strained in recent years.

China's appalling behaviour in the South China Sea (SCS) is similar to what India witnessed at the Line of Actual Control (LAC), said Richard Marles, Australia's Deputy Prime Minister and Minister for Defence.

Chinese battery giant Contemporary Amperex Technology Co Ltd (CATL) has supplied electric vehicle (EV) batteries to South Korea's Kia Corp.