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A London flotation by Chinese online titan Shein will bolster FTSE 100
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A Chinese projectile departs for the far side of the Moon
A purported global first, China has launched a probe to collect samples from the far side of the Moon. The Chang'e-6 probe was deployed from the Wenchang Space Launch Center atop an unmanned rocket at approximately 17:27 local time (10:27 BST). The objective of the 53-day mission is to return to Earth for analysis of approximately two kilograms of lunar samples.
A London flotation by Chinese online titan Shein will bolster FTSE 100
When the Chinese online colossus Shein announces that it will float its shares in London, the FTSE 100 is anticipated to receive a boost as soon as the following month. In the wake of the fashion group's chairman Donald Tang's visit to the United Kingdom last month, Labour's shadow business secretary Johnny Reynolds, and Chancellor Jeremy Hunt have expressed their support for a blockbuster share offer.
What follows pro-China Maldives leader, massive win?
The decisive victory of Maldivian President Mohamed Muizzu's party in Sunday's parliamentary elections was not anticipated by many. This individual's victory in the presidential election the year prior was due to an accident. During that period, the 45-year-old mayor of the capital Male abruptly registered as a proxy candidate for the presidency, after the opposition leader, former President Abdulla Yameen, was disqualified from running by the Supreme Court on account of a bribery conviction.
Parliamentary researcher accused of Chinese spying
Since their detention in March of last year, two individuals have been released on police bail pending the outcome of the investigation. Two individuals, including a parliamentary researcher, have been indicted on Chinese espionage charges for allegedly providing "useful to an enemy" information.
China censors family quarrel videos to boost birth rates
China has implemented significant measures to reverse its declining birth rate, even though its elderly population is projected to reach 520 million by 2050 and couples were previously limited to having a single child. China is in dire need of its citizens to procreate more. The nation is confronted with a demographic catastrophe causing an economic crisis. Simply put, there is an excessive number of elderly and insufficient youth. In moments of crisis, drastic measures are required.
New China economy expands more than projected in Q1
China's economy commenced the year on a more robust note than had been anticipated, notwithstanding the escalation of the property sector crisis. In comparison to the same period last year, the gross domestic product (GDP) increased by 5.3% in the initial quarter of 2024, as reported by authoritative sources. The expansion of the world's second-largest economy may decelerate to 4.6% in the first quarter, contrary to initial projections.
China builds more coal plants despite President Xi’s vows
China pledged to "strictly regulate" new coal power in 2021. It increased two years later, according to Global Energy Monitor, which fueled concerns about additional emissions at a time when they ought to be declining. According to GEM, the new capacity may not be utilised, and other nations must also increase their efforts. A new analysis indicates that China increased its coal power capacity last year despite a pledge to "strictly control" the deadliest fossil fuel.
China conducts South China Sea combat patrol amidst US war game
China has undertaken military "combat patrols" in the contested South China Sea, thereby increasing tensions in the region on the same day that the United States, the Philippines, Japan, and Australia execute their inaugural joint military exercises. The Philippines was expected to conduct joint drills in the same area on the same day, according to defence chiefs from all four countries. Beijing's unexpected announcement of a naval exercise on Sunday followed that day.
China’s Country Garden halts Hong Kong share trading
A crisis-stricken Country Garden, a Chinese real estate developer, has halted trading on the Hong Kong Stock Exchange after postponing the disclosure of its annual financial results. The company announced last week that it required additional time to gather data to restructure its debts. The company defaulted on its foreign obligations the previous year and faced a winding-up petition.
Chinese smartphone powerhouse Xiaomi challenges Tesla
Xiaomi, a Chinese smartphone manufacturer, has begun accepting reservations for its first electric vehicle (EV). Lei Jun, chief executive officer of the technology behemoth, announced at the event that the base price of the SU7 would be 215,900 yuan ($29,872; £23,663), while the Max model would cost 299,900 yuan.