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  • China's commerce minister meets Tesla's Musk, promises support to foreign companies May 31, 2023 03:55 PM IST

    China's commerce minister meets Tesla's Musk, promises support to foreign companies

    Musk earlier met with China's ministers of industry and foreign affairs.

  • China's Baidu launches $145 million venture capital AI fund May 31, 2023 12:07 PM IST

    China's Baidu launches $145 million venture capital AI fund

    The company will also launch a competition for developers to build applications off its ERNIE large language model (LLM) or integrate the model into their existing products, it added.

  • China's Geely in early talks to enter Thailand EV market: Report May 31, 2023 11:43 AM IST

    China's Geely in early talks to enter Thailand EV market: Report

    The considerations include whether to market an entry-level electric car in Thailand as well as an electric pickup truck from its new Radar brand, the people told Reuters, asking not to be named because the talks remain private.

  • China is drilling a 10,000-meter deep hole into earth’s crust May 31, 2023 11:33 AM IST

    China is drilling a 10,000-meter deep hole into earth’s crust

    Drilling for what is set to be China’s deepest ever borehole began in the country’s oil-rich Xinjiang region on Tuesday, according to the official Xinhua News Agency. Earlier that morning, China sent its first civilian astronaut into space from the Gobi Desert.

  • Nocil: China +1 theme is gradually building up amidst recessionary headwinds May 31, 2023 10:50 AM IST

    Nocil: China +1 theme is gradually building up amidst recessionary headwinds

    Weak pricing environment weighs on margins

  • Elon Musk, China industry minister hold talks on 'new energy vehicles' May 31, 2023 10:40 AM IST

    Elon Musk, China industry minister hold talks on 'new energy vehicles'

    The two "exchanged views on the development of new energy vehicles and intelligent connected vehicles," China's Ministry of Industry and Information Technology said in a readout on its website.

  • Will natural gas give the phenomenal returns it did ahead of the 2022 winter? May 31, 2023 09:56 AM IST

    Will natural gas give the phenomenal returns it did ahead of the 2022 winter?

    Although the current environment for natural gas is bearish, all it would require is a light tailwind for the situation to change in the winter

  • Asia stocks slump to monthly loss as China data disappoints May 31, 2023 08:23 AM IST

    Asia stocks slump to monthly loss as China data disappoints

    MSCI's broadest index of Asia-Pacific shares outside Japan fell 1% in early trade and is down 2.4% in a month where hopes for robust Chinese rebound have run dry.

  • China's factory activity falls faster than expected on weak demand May 31, 2023 07:47 AM IST

    China's factory activity falls faster than expected on weak demand

    The official manufacturing purchasing managers' index (PMI) was 48.8 from 49.2 in April, according to data from the National Bureau of Statistics (NBS), its lowest in five months and below the 50-point mark that separates expansion from contraction. The PMI also dashed forecasts for an increase to 49.4.

  • China was top market for Tesla Model Y, world's best-selling car in Q1 May 30, 2023 11:53 PM IST

    China was top market for Tesla Model Y, world's best-selling car in Q1

    Tesla sold 267,171 Model Ys in the first quarter of this year, of which 94,469 were sold in China, higher than 83,664 in the United States and 71,114 in Europe, according the data.

  • China’s young people can’t find jobs. Xi Jinping says to ‘eat bitterness.’ May 30, 2023 10:59 PM IST

    China’s young people can’t find jobs. Xi Jinping says to ‘eat bitterness.’

    China’s young people are facing record-high unemployment as the country’s recovery from the pandemic is fluttering.

  • 3 Chinese women team up to jail 'boyfriend' who cheated them of Rs 12 lakh May 30, 2023 07:48 PM IST

    3 Chinese women team up to jail 'boyfriend' who cheated them of Rs 12 lakh

    The three women, who became friends during the police investigation and the following court case, later went on an overseas trip together after the man was imprisoned.

  • China successfully launches new manned spaceship with first civilian on board May 30, 2023 07:09 PM IST

    China successfully launches new manned spaceship with first civilian on board

    The spaceship, atop a Long March-2F carrier rocket, blasted off from the Jiuquan Satellite Launch Centre in northwest China at 9:31 AM (Beijing Time), according to the China Manned Space Agency (CMSA).

  • China expresses support for Serbia in renewed Kosovo clashes involving NATO troops May 30, 2023 03:35 PM IST

    China expresses support for Serbia in renewed Kosovo clashes involving NATO troops

    Despite Serbs boycotting recent local elections and seeking to prevent ethnic Albanian mayors from taking office, Mao said Serbs should be granted control over municipalities where they form majorities.

  • Congress wants Centre to come out with White Paper on situation along the LAC with China May 30, 2023 02:39 PM IST

    Congress wants Centre to come out with White Paper on situation along the LAC with China

    "The performance of any government is benchmarked on five parameters -- India's external security, the state of the economy, social cohesion, internal security, and India's relations with the world or its foreign policy. On each of the benchmarks in the past nine years, the NDA-BJP government has come up completely short," Tewari said.

  • India expects exports to China to pick up in 4-5 months: Source May 30, 2023 01:51 PM IST

    India expects exports to China to pick up in 4-5 months: Source

    The commerce ministry is carrying out an internal assessment to analyse why exports to China have declined, widening India’s trade deficit with that country.

  • Copper prices near 6-month low as supply tightens, China demand remains uneven May 30, 2023 12:46 PM IST

    Copper prices near 6-month low as supply tightens, China demand remains uneven

    This tightness in supply has been further accentuated by inventories reaching below 60,000 tonnes on the London Metal Exchange (LME), the lowest level seen since 2005.

  • Toyota's April global sales rise on stronger demand in Japan, China May 30, 2023 10:07 AM IST

    Toyota's April global sales rise on stronger demand in Japan, China

    The Japanese automaker also reported better overseas sales of battery electric vehicles (EVs), bringing the total number of battery-powered units it sold in the first four months of the year above last year's level.

  • Elon Musk expected to visit China this week, meet officials May 30, 2023 09:53 AM IST

    Elon Musk expected to visit China this week, meet officials

    Elon Musk is expected to meet senior Chinese officials and to visit Tesla's Shanghai plant, two of the sources said.

  • China launches Shenzhou-16 mission to Chinese space station May 30, 2023 08:49 AM IST

    China launches Shenzhou-16 mission to Chinese space station

    The spacecraft, Shenzhou-16, or "Divine Vessel", and its three passengers lifted off atop a Long March-2F rocket from the Jiuquan Satellite Launch Centre in the Gobi Desert in northwest China at 9.31 a.m. (0131 GMT).

  • Zhang Zhizhen gives China first men's singles win at French Open in 86 years May 30, 2023 06:55 AM IST

    Zhang Zhizhen gives China first men's singles win at French Open in 86 years

    The world number 71 was leading Dusan Lajovic 6-1, 4-1 when his Serbian opponent retired with an injury.

  • EU's Deforestation Regulation is meant to cut imports from developing countries May 29, 2023 03:35 PM IST

    EU's Deforestation Regulation is meant to cut imports from developing countries

    The EU's Deforestation Regulation disguises protectionism as environmental stewardship. The EU's aim to reduce imports and promote its agricultural exports under the guise of sustainability is concerning

  • Boss refuses to hire men with tattoos in China, offers to pay for removal May 29, 2023 12:02 PM IST

    Boss refuses to hire men with tattoos in China, offers to pay for removal

    The Chinese boss offered the men employment after their tattoos were removed, even going as far as to cover the expenses for the procedure. Both men agreed to the plan.

  • Woman becomes 'full-time daughter' after parents offer her Rs 47,000 per month May 29, 2023 09:57 AM IST

    Woman becomes 'full-time daughter' after parents offer her Rs 47,000 per month

    The offer motivated the woman and she resigned from her role and decided to become a 'full-time daughter' to her parents.

  • China urges Japan to stop imposing chip export controls May 29, 2023 09:54 AM IST

    China urges Japan to stop imposing chip export controls

    Wang made the comments during talks with Japanese Trade Minister Yasutoshi Nishimura on May 26 at the Asia-Pacific Economic Cooperation (APEC) conference.