November 13, 20240 Comments

When horror hits China, the first instinct is shut it down

Watch: BBC China correspondent ordered to stop filming and pushed at car attack scene The gates outside the Zhuhai sports complex in China were closed. Inside, the stadium was in darkness, as were the grounds around it. It was here, hours before, where dozens of people were killed when a man drove an SUV into a crowd. Many more were injured. Only security guards appeared to be moving around behind

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November 12, 20240 Comments

COMAC says Air China is the first customer for C929 widebody jet By Reuters

ZHUHAI, China (Reuters) -COMAC said on Tuesday that Air China (OTC:) was the first customer for the Chinese planemaker’s C929 widebody aircraft under development that is designed to compete with twin-aisle models from Airbus and Boeing (NYSE:). COMAC’s deputy director of marketing, Liu Yan, made the announcement at China’s biggest air show in Zhuhai. Liu did not disclose the number of aircraft that Beijing-based Air China would purchase or planned

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November 12, 20240 Comments

Several injured after car ploughs into crowd in China

A car ploughed into a crowd outside a stadium in the Chinese city of Zhuhai on Monday evening, injuring multiple people, police have said. The 62-year-old male driver, surnamed Fan, has been arrested. Local reports estimate that at least 20 people, many of whom were struck while exercising at Zhuhai Sports Centre, were injured and have been sent to hospital. The incident took place despite heightened security in the city,

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November 11, 20240 Comments

China roads blocked by thousands of cyclists in night quest for dumplings

It started as a social media quest for breakfast dumplings, but ended with thousands of cyclists bringing traffic gridlock between two cities in central China. What should have been a boost to the ancient city of Kaifeng’s economy backfired when the trend went viral – tens of thousands on rented bikes cycled through the night from nearby Zhenghou. A six-lane expressway between the two cities quickly filled with cyclists as

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November 11, 20240 Comments

China chip index nears 3-year high as TSMC order fuels self-reliance bets By Reuters

SHANGHAI (Reuters) – China’s semiconductor index leapt close to a three-year high on Monday (NASDAQ:) on bets a U.S. order halting Taiwan Semiconductor Manufacturing Co’s shipments of advanced chips to Chinese customers could accelerate Beijing’s self-reliance efforts. TSMC will from Monday suspend shipments of certain sophisticated chips to some Chinese clients after receiving a letter from the U.S. Department of Commerce imposing export restrictions on those products, Reuters reported on

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November 11, 20240 Comments

U.S., China trade tariffs escalating would be ‘costly for everybody’: IMF

An escalation of trade and tariffs tensions between the U.S. and China would have “costly” economic consequences around the world, Gita Gopinath, deputy managing director of the International Monetary Fund told CNBC on Wednesday. “We are seeing geopolitically driven trade around the world, which is why when you look at overall trade to GDP that’s holding up fine, but who’s trading with whom is certainly changing,” she said. The U.S.

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