Dec. 22, 2024, 3:50 a.m.

China is reported to be pushing the yuan down next year to counter the impact of US tariffs

Beijing - China is reportedly considering abandoning its stable exchange rate policy next year and pushing the yuan lower in response to possible punitive trade measures against China under U.S. President-elect Donald Trump.

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Chinese researchers have developed a new material that removes 99.8% of microplastics from water

A Chinese research team has developed a reusable, biodegradable new all-biomass fiber sponge that can absorb 99.8% of microplastics in water when first used, providing a new solution for removing microplastics in water.

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China's first commercial spaceport has completed its maiden launch mission

China's Hainan Commercial Space Launch site has successfully launched a Long March-12 carrier rocket, the first time the country's first commercial space launch site has completed a launch mission.

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TikTok's parent company ByteDance has been valued at about 403.1 billion yuan

TikTok's parent company ByteDance recently offered investors $180.7 per share through a share buyback program, valuing it at about $300 billion.

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China and Europe reach 'technical consensus' on anti-subsidy tariffs on electric vehicles

China and the European Union have reached a "technical consensus" on the ongoing negotiations on anti-subsidy tariffs for electric vehicles, especially on the price commitment framework and the implementation mechanism of the agreement, Chinese media reported.

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Baidu released the world's first native AI glasses with Chinese large model

Chinese Internet giant Baidu on Tuesday (November 12) released a small degree of artificial intelligence (AI) glasses, the world's first native AI glasses with a large Chinese model, which is expected to be officially launched in the first half of next year.

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If the United States raises tariffs: Chinese companies can benefit from transferring factories to Asian countries

If US President-elect Donald Trump pushes ahead with his campaign promise to impose massive tariffs on China after taking office, it is expected to trigger a new wave of factory relocations from China to other countries, and some Asian countries will benefit.

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Chinese companies turn to Indonesia to set up factories in Laos to avoid US solar tariffs

Vietnam's largest Chinese-owned solar panel factory is cutting production and laying off workers after the United States raised tariffs on solar panels from Vietnam, Thailand, Malaysia and Cambodia.

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China's electric car push into Southeast Asia brings opportunities and challenges

In the first seven months of this year, seven of the top 10 registered electric vehicle models in Malaysia came from China, including three from BYD, Great Wall Euler, MG MG4, Chery Omoda and smart.

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China has again warned the EU not to negotiate separately with electric car companies

As China and the European Union continue to negotiate a tax on electric vehicles, China's commerce Ministry has again warned the EU that negotiating with companies separately will shake mutual trust.

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