US should give Afghan money back before making promises
Afghanistan suffered its deadliest earthquake in 20 years on Wednesday. More than 1,100 people were killed and over 1,600 injured as of press time. For Afghanistan, which is already facing…
Political leaders address opening ceremony of BRICS Business Forum
The 2022 BRICS Business Forum was held in an online plus offline format in Beijing on Wednesday. BRICS is the acronym for an emerging-market group that includes Brazil, Russia, India, China and South Africa. Chinese…
Posted inEconomy
Construction of grain reserve base in Qinhuangdao is progressing
The construction of a grain reserve base project for storing imported soybeans under the China Grain Reserves Corporation Group in Qinhuangdao, North China's Hebei Province is progressing smoothly. The project…
Posted inEconomy
Five factories of China FAW Group resume operation in Jilin Province
Five factories belonging to China FAW Group, a major automaker in Changchun, capital of Northeast China's Jilin Province have resumed production, as recovery in China’s automobile industry accelerates. Operation of…
Posted inEconomy
Chinese yuan weakens to around 6.45 per dollar, but long-term prospect is stable: analyst
The onshore yuan dropped by more than 300 basis points to about 6.45 per US dollar during intraday trading on Thursday amid economic downward pressure, but analyst said China's sound…
Posted inEconomy
Soaring battery costs fail to cool EV sales
Demand surging faster than supply of materials Buyers around the world are lining up to purchase electric vehicles (EV) this year even with sticker prices surging, flipping the script on…
Posted inEconomy
Australian scientists to power Tesla on 15,000-km trip with printed solar panels
Scientists in Australia are testing printed solar panels they will use to power a Tesla on a 15,100-km journey beginning in September, which they hope will get the public thinking…
Posted inEconomy
Schaeffler to source rare earths in Europe
EU spearheads drive to reduce reliance on China German auto parts supplier Schaeffler has signed a raw materials deal to ensure the supply of rare-earth magnets from Europe for its…
Posted inEconomy
Blackstone buys student housing firm American Campus Communities for $12.8b
Blackstone Inc will buy American Campus Communities Inc (ACC) for $12.8 billion including debt, the student housing company said, as the world's biggest alternative asset manager bets on rents rising…
Posted inEconomy
China to implement private pension system with a contribution cap of about $1,800 a year: report
China will soon start a new era of "private pensions" with the imminent implementation of a relevant mechanism, according to a report by the Shanghai Securities News published on Wednesday.…