DIRS.INFO The most relevant business & tech news

Local governments in China are still building highways, bridges and railways, as pictured here in Jiangxi province on Sept. 6, 2024. That's cutting significantly into local government revenue, especially at the district and county level, according to S&P Global Ratings analysts. watch now"Macroeconomic headwinds continue to hinder the revenue-generating power of China's local governments, particularly as related to taxes and land sales," she said. Jiangsu, Shandong, Shanghai, and Zhejiang — some of China's top provinces in tax and non-tax revenue generation — see non-tax revenue growth exceeding 15% year-on-year growth in the first half of 2024, S&P's Huang said. China's national taxation administration in June acknowledged some local governments had issued such notices but said they were routine measures "in line with law and regulations."

Persons: Huang, P's Huang, Camille Boullenois, Laura Li, Morgan Stanley, Chetan Ahya, Robin Xing Organizations: Getty, BEIJING, Global, CNBC, NingBo BoHui Chemical Technology Locations: China, Jiangxi, Beijing, Zhejiang, NingBo, Jiangsu, Shandong, Shanghai, Asia

☆ ‘Sponge’ cities combat urban flooding by letting nature do the work
▼ + stars: | 2024-08-13 | by ( Christy Choi | ) edition.cnn.com time to read: +12 min

Turenscape/Courtesy The Cultural Landscape FoundationYu’s proposal is this: Create areas with porous earth where local plants can thrive with little or no maintenance. But whether this latest flooding crisis demonstrates the limitations of China’s sponge cities, or supports the case to expand them, is a matter of debate. Turenscape/Courtesy The Cultural Landscape FoundationTurenscape planted 5,600 seedlings of 360 local species, including rare trees indigenous to Thailand’s central river basin. Turenscape/Courtesy The Cultural Landscape FoundationThis may be another reason Yu’s services have been sought outside China. Last year, The Cultural Landscape Foundation awarded Yu the $100,000 Oberlander Prize in recognition of his pioneering work.

Persons: Kongjian Yu, Yu, ” Yu, Turenscape, Xi Jinping, Faith Chan, ”, Chan, Elizabeth Mossop, ” Mossop, “ Organizations: CNN, redwoods, UK’s University of Leeds, Research, Global Times, University of Nottingham, Thai, Arsomsilp, Environmental, Landscape Foundation, University of Technology Sydney’s School of Design Locations: Nanchang, China's Jiangxi, China, Qinghuandao, China's Hebei province, Wuhan, Hainan, Sanya, China's, Guangdong, Turenscape, University of Nottingham Ningbo China, ”, Bangkok

☆ Container explodes on cargo ship at China's key Ningbo port
▼ + stars: | 2024-08-09 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

An aerial photo is showing containers at Beilun Port in Ningbo, Zhejiang province, China, on April 11, 2024. BEIJING — A hazardous goods container exploded Friday on a cargo ship in China's high-traffic Ningbo port, Taiwanese vessel owner Yang Ming Marine Transport Corp. told CNBC in a statement. State-owned port operator Ningbo-Zhoushan said the ship was docked at the Beilun 2 container terminal, according to a post on Chinese social media. The port operator and Yang Ming both said the cause of the incident was not yet clear. Ningbo-Zhoushan is China's second-highest traffic port, located in eastern China's Zhejiang province.

Persons: Yang, Zhoushan, Yang Ming, Ruxandra Iordache Organizations: Yang Ming Marine Transport Corp, CNBC, YM, Shanghai Locations: Port, Ningbo, Zhejiang province, China, BEIJING, Liberia, Zhoushan, China's Zhejiang, Shanghai, Singapore

☆ China sets mid-July for highly anticipated ‘Third Plenum’ meeting to discuss 'deepening reform'
▼ + stars: | 2024-06-27 | by ( Evelyn Cheng | ) www.cnbc.com time to read: 1 min

NINGBO, China — China's top leaders will gather from July 15 to 18 for a highly anticipated meeting known as the Third Plenum, state media said Thursday. He said his analysis of an annual government meeting in December found the readout had twice as many mentions of policy implementation than the prior year, highlighting its importance. The Communist Party of China selected a new group of leaders in October 2022 at its 20th National Party Congress. Its third plenary session will run from July 15 to July 18, state media said. The plenum will discuss "further comprehensively deepening reform and advancing Chinese modernization," English-language state media said.

Persons: Pang Ming Organizations: Communist Party of, National Party Congress Locations: NINGBO, China, Communist Party of China

☆ Chinese cities desperate for cash are chasing companies for taxes — some from the 1990s
▼ + stars: | 2024-06-21 | by ( Laura He | ) edition.cnn.com time to read: +7 min

Last year, the soy milk seller made a net profit of only 209 million yuan ($29 million). And it’s still unsure how much it owes in fines, which could be potentially higher than the actual $11.7 million tax bill. Including fines, the company needed to pay a total amount of 480 million yuan ($66 million). The amounts paid vary from 8 million yuan ($1.1 million) to 310 million yuan ($43 million). It said in January that the Shenzhen government had asked for payment of 19.8 million yuan ($2.7 million) in back taxes for 2017 and 20.2 million yuan ($2.8 million) in fines.

Persons: they’ve, ”, Craig Singleton, Frank Tian Xie, ” Singleton, it’s, ” Bohui, “ Organizations: Hong Kong CNN — Authorities, Food & Beverage, Foundation for Defense of Democracies, Administration of Taxation, “ Police, Taxation, Centers ”, University of South, University of South Carolina Aiken, Ningbo Bohui Chemical Technology, Healthcare, ChinaLin Securities, Yixintang Pharmaceutical Group Locations: China, Hong Kong, Zhijiang, Hubei, Yichun, Jiangxi, University of South Carolina, “, ” Beijing, Ningbo, Qinghai, Golmud, Chongqing, Shanghai, Shenzhen

In the U.S., lab-grown diamond sales jumped 16% in 2023 from 2022, according to Edahn Golan, an industry analyst. Social media posts show millennials and Generation Zs proudly explaining the purchase of their lab-grown diamonds for sustainability and ethical reasons. Natural diamonds take billions of years to form and are difficult to find, making their price more stable. Globally, lab-grown diamonds are now 5-6% of the market and the traditional industry is not taking it sitting down. It's also still true in more rural areas of the United States, while lab-grown diamonds have taken off more in the cities.

Persons: Bario Neal, Haley Farlow, ”, Golan, Zs, Farlow, that's, Cupid, Martin Roscheisen, Paul Zimnisky, Zimnisky, It's, Mother Earth, ” Zimnisky, Page Neal, it’s Organizations: PHILADELPHIA, Diamond, Diamond Foundry, telltale, Gemological Institute of America, Mother, Associated Press Locations: Philadelphia, U.S, India, China, Henan, Zhuhai, Na Diamond, HeNan, Ningbo Crysdiam, United States, Wenatchee , Washington, Columbia, AP.org

HUA HIN, Thailand (AP) — Rising Russian star Diana Shnaider bounced back from a turbulent second set to upend defending champion Zhu Lin of China 6-3, 2-6, 6-1 for her maiden title at the WTA Thailand Open on Sunday. In the second, Zhu mounted a comeback, winning four consecutive games from 2-2, to force a decisive third set. Following a toilet break, Shnaider returned to the court with renewed intensity. As Zhu struggled to maintain focus, Shnaider seized the opportunity to break her opponent three times to clinch the decisive set and claim her first WTA title. Photos You Should See View All 45 ImagesIt was Shnaider’s second WTA final appearance, having previously lost to Ons Jabeur in Ningbo, China last September.

Persons: HUA, Diana Shnaider, Zhu Lin, Zhu, Shnaider, “, I’m, ” Shnaider, ”, Miyu Kato, Aldila, Guo, Xinyu Jiang, ___ Organizations: WTA Thailand, North Carolina State University, WTA Locations: HUA HIN, Thailand, China, Ningbo, Japan, Indonesia, Auckland, Cleveland

☆ Tesla now has a clear China EV competitor. What’s next for BYD?
▼ + stars: | 2024-01-07 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Bernstein didn't even initiate coverage of BYD until September, with an outperform rating and price target of 359 Hong Kong dollars. BYD trades in Hong Kong, and on the Shenzhen exchange in mainland China. "I'm a long observer and investor in Tesla," Ogan said. "What I think will tip BYD like the volumes tipped Tesla is when people start realizing BYD is an energy company," Ogan said. Nomura's China autos and auto parts analyst Joel Ying likes BYD with an even higher price target of 382 Hong Kong dollars.

Persons: BYD, Bernstein didn't, Warren Buffett's Berkshire Hathaway, Taylor Ogan, Ogan, Tesla, Xiao Feng, CLSA, Joel Ying, Ying, Xiaomi's SU7, That's, — CNBC's Michael Bloom Organizations: Hong, Snow Bull, Nasdaq, Elon Musk's, HK, Hesai Tech Locations: Hong Kong, Norway, Brazil, China, Shenzhen, Asia, Europe, North America, U.S, Inovance, Ningbo Tuopu

☆ World Building of the Year: Chinese boarding school receives 2023 architectural honor
▼ + stars: | 2023-12-01 | by ( Oscar Holland | ) edition.cnn.com time to read: +4 min

Singapore CNN —A Chinese boarding school designed to let students unwind and “waste time mindfully” has been named 2023’s World Building of the Year. Designed by Approach Design Studio and the Zhejiang University of Technology Engineering Design Group, the serene campus’ communal areas are intended to blur the distinction between inside and out. Courtesy Approach Design Studio/Zhejiang University of Technology Engineering Design GroupApproach Design Studio said that while teaching prioritizes efficiency, a school’s campus itself should inspire free thinking. The coveted World Building of the Year title is considered one of the architecture profession’s top accolades and is decided at the annual festival by a 140-strong expert panel. This year’s winning design was commended by judges for breaking with the conventions of school design.

Persons: ”, Di Ma, Paul Finch, —, ” Finch, WAF Organizations: Singapore CNN, Huizhen, School, Zhejiang University of Technology Engineering, Group, Newark Liberty International, Surat Diamond Bourse, Pentagon, Australia’s Locations: Singapore, Ningbo, Zhejiang, China, Melbourne, Cambodia, Senegal, Surat Diamond, Sylt, Germany, Europe, Winnipeg, Canada, Bangkok, Thailand

☆ Crypto scam: Inside the billion-dollar ‘pig-butchering’ industry
▼ + stars: | 2023-11-23 | by ( Reuters Graphic | ) www.reuters.com time to read: +11 min

Of that, at least $9.1 million came from a crypto wallet that U.S. blockchain analysis firm TRM Labs said was linked to pig-butchering scams. Neither did the Thai government, the Thai police or the Bangkok-based trade group Wang represented, the Thai-Asia Economic Exchange Trade Association. The crypto account registered to Wang was held at Binance, the world’s largest crypto exchange, according to three blockchain analysis firms. In April, the U.S. Department of Justice said it seized about $112 million worth of crypto linked to pig-butchering scams, without identifying suspects. The crypto account in Wang’s name was registered in November 2020, according to the financial records Reuters reviewed.

Persons: Wang Yicheng, Wang, Emma, Lisa Wolk, Erin West, Jessica Jung, West, “ I’ve, Jeremy Douglas, Binance, Bitmain, ” Organizations: Thai, Reuters, TRM Labs, Asia Economic Exchange Trade Association, U.S . Federal Bureau of Investigation, Secret Service, FBI, Secret, Global, U.S . Department of Justice, U.S . Treasury, United Nations Office, Drugs, Workers, KK Park, Commerce Company, Cultural Exchange Center, Overseas, United, Washington, Cultural Exchange Locations: California, Bangkok, Thai, Asia, Southeast Asia, U.S, Binance, United States, Thailand, China, Myanmar, KK, Ningbo, China’s, Xiamen

☆ Safety of Defence Personnel 'Utmost Priority', Australia Says After China Warship Incident
▼ + stars: | 2023-11-21 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +2 min

NEW DELHI (Reuters) - The safety and wellbeing of Australian defence personnel is Canberra's "utmost priority" and Australia expects all countries to operate militaries in a safe and professional manner, Foreign Minister Penny Wong said on Tuesday. Wong's comments came a week after an incident involving a Chinese warship and an Australian navy vessel in Japan's Exclusive Economic Zone (EEZ) in which an Australian military diver was injured. HMAS Toowoomba - a long-range frigate - was conducting a diving operation on Nov. 14 to clear fishing nets from its propellers when the Chinese warship acted in a dangerous manner, Australia has said. India's relations with China have deteriorated since a 2020 border clash between their militaries in which 20 Indian soldiers and four Chinese troops were killed. Australia, she added, "will cooperate where we can, we will disagree where we must, and we will engage in our national interest".

Persons: Penny Wong, Wong's, Anthony Albanese's, Wong, Subrahmanyam, Richard Marles, YP Rajesh, Krishn Kaushik, Sharon Singleton Organizations: PLA Navy, Liberation Army Navy, PLA, Defence, Indian, YP Locations: DELHI, Australian, Japan's, New Delhi, Toowoomba, Australia, Beijing, Canberra, Ningbo, China, India

But areas of the market dominated by small stocks and frequented by the country's retail investors have done surprisingly well. Scores of retail investors are dabbling in micro-cap stocks - stocks whose market capitalisation is tiny - operating under the radar of big funds and investors and their massive market-moving flows. Strategies such as Cui's stand out this year in a stock market depressed by China's wobbly economy, heightened geopolitical risks and surging overseas interest rates. Some brokerages are starting to recommend micro stocks to clients. GF Securities said in an October strategy report that buying micro stocks is part of a new investment paradigm in a stock market suffering from anaemic growth, and global decoupling risks.

Persons: Aly, horribilis, Joseph Cui, Cui, Yuan Yuwei, Helen Wu, Wu, Yi Huiman, Lu Deyong, Seres, Lu, Huang Yan, Jason Xue, Samuel Shen, Summer Zhen, Vidya Ranganathan, Simon Cameron, Moore Organizations: REUTERS, Rights, Huawei Technologies, Regulators, Wisdom Asset, China Securities Regulatory Commission, Huawei, Security Technology, TRS Information Technology, Automotive, Seres, Securities, Shanghai QiuYang, Thomson Locations: Shanghai, China, Rights SHANGHAI, HONG KONG, United States, ChatGPT, Ningbo, Summer, Hong Kong

☆ Global EV battery supply chain puzzles over China graphite curbs
▼ + stars: | 2023-10-27 | by ( ) www.reuters.com time to read: +6 min

Graphite powder, used for battery paste, is pictured in a Volkswagen pilot line for battery cell production in Salzgitter, Germany, May 18, 2022. China dominates the global EV battery supply chain including production of graphite - the single largest component. Graphite companies in the country process both the natural material mined domestically and overseas, as well as synthetic forms. Under the new rules, China will require export permits starting Dec. 1 for high-end synthetic graphite, as well as key forms of natural graphite. NATURAL GRAPHITE HITGlobal companies using natural graphite include Hitachi Chemical, part of Japan's Resonac Holdings Corp (4004.T), South Korea's POSCO Future M (003670.KS) and Japan's Mitsubishi Chemical, which produces natural graphite at two plants in China, according to research firm CRU Group.

Persons: Fabian Bimmer, Sunit Kapur, Zhang Yan, Siyi Liu, Brenda Goh, Satoshi Sugiyama, Heekyong Yang, Seoul ， Paul Lienert, Jing Xu, Dominique Patton, Tony Munroe, David Evans Organizations: Volkswagen, REUTERS, Rights, EV, Qingdao, Reuters, China's Ministry of Commerce, Gotion High Tech, BTR, Material Technology, Hitachi Chemical, Japan's Resonac Holdings Corp, Mitsubishi Chemical, CRU Group, Mitsubishi, Resources, Materials, Thomson Locations: Salzgitter, Germany, Beijing, China, Japan, South Korea, United States, U.S, Shanghai, Ningbo Shanshan, Indonesia, Finland, Japan's, Australia, Mozambique, U.S ., Louisiana, North Carolina, Toyko, Seoul ，, Detroit

☆ China export curbs choke off shipments of gallium, germanium for second month
▼ + stars: | 2023-10-20 | by ( ) www.reuters.com time to read: +2 min

China's exports of wrought germanium products stood at 1 kilogram, versus zero in August after a flurry of buying prior to the restrictions saw shipments of wrought products surge to 8.63 metric tons in July. China exported no wrought gallium products in August and September. Exporters of germanium and gallium products now need to obtain an export licence for dual-use items and technologies, meaning those with potential military and civilian applications. Some Chinese companies have obtained export licences for gallium and germanium products, the Ministry of Commerce said in September. China's exports of wrought germanium totaled 36.49 tons in the first nine months of 2023, up 47.4% on the year, while shipments of wrought gallium fell 61.9% on the year to 22.72 tons over the same period.

Persons: Amy Lv, Dominique Patton Organizations: cnsphoto, REUTERS, Rights, Ministry of Commerce, Shanghai Metals, Thomson Locations: Ningbo Zhoushan, Zhejiang province, China, Rights BEIJING, Beijing, Washington

☆ Chinese suppliers to invest in Mexican state where Tesla planning factory - state officials
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: 1 min

The logo of car manufacturer Tesla is seen at a dealership in London, Britain, May 14, 2021. REUTERS/Matthew Childs/File Photo Acquire Licensing RightsMEXICO CITY, Oct 18 (Reuters) - Chinese suppliers for Tesla will invest in the northern Mexican state of Nuevo Leon where the automaker is planning to build a new factory, state officials said on Wednesday. The planned investments include $700 million from Ningbo Tuopu Group and $260 million from Hesai Technology, a state official said. Reporting by Daina Beth SolomonOur Standards: The Thomson Reuters Trust Principles.

Persons: Matthew Childs, Daina Beth Solomon Organizations: REUTERS, MEXICO CITY, Tesla, Ningbo Tuopu Group, Hesai Technology, Thomson Locations: London, Britain, MEXICO, Mexican, Nuevo Leon, Ningbo

☆ Chinese Tesla suppliers to invest nearly $1 bln in northern Mexico - state officials
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Matthew Childs/File Photo Acquire Licensing RightsMEXICO CITY, Oct 18 (Reuters) - Two Chinese suppliers for Tesla will invest nearly a billion dollars in the northern Mexican state of Nuevo Leon where the automaker is planning a new factory, Nuevo Leon Governor Samuel Garcia said during a trip to Shanghai on Wednesday. The planned investments include $700 million from Ningbo Tuopu Group (601689.SS) and $260 million from Hesai Technology , a Nuevo Leon representative said. Ningbo Tuopu Group develops shock absorption products and other auto parts, while Hesai Technology makes lidar light sensors for applications like autonomous vehicles and robots. Ningbo is expected to create some 10,000 jobs, and Hesai, up to 4,000, Nuevo Leon officials said. Tesla has not yet begun construction in Nuevo Leon, and its timeline for starting production is unclear.

Persons: Matthew Childs, Samuel Garcia, Tesla, Garcia, Daina Beth Solomon, Raul Cortes, Kylie Madry, Stephen Eisenhammer Organizations: REUTERS, MEXICO CITY, Tesla, Nuevo Leon, Ningbo Tuopu Group, Hesai Technology, Ningbo Tuopu, Hesai, Nuevo, Thomson Locations: London, Britain, MEXICO, Mexican, Nuevo Leon, Nuevo, Shanghai, Ningbo, Austin , Texas, U.S, Mexico, Austin

The individuals' accounts varied but were consistent in describing heightened scrutiny of overseas travel even after China reopened borders in January. Reuters is reporting these measures and the scope of some post-COVID travel curbs for the first time. NEW LIMITSRestrictions on personal foreign travel have long applied to senior government officials and state executives with access to confidential information. MAPPING CONNECTIONSChinese authorities are also scrutinising personal foreign ties, according to a document seen by Reuters, one of the 10 people who discussed travel curbs and three other state-enterprise workers with knowledge of the matter. Thomas said the travel curbs in particular would have implications for China's interactions with the world.

Persons: Carlos Garcia Rawlins, Xi, Neil Thomas, Thomas, Wang Zhi'an, Engen Tham, Julie Zhu, Kane Wu, Xie Yu, Martin Quin Pollard, David Crawshaw, Vidya Ranganathan Organizations: REUTERS, Rights, Reuters, Asia Society, Center for, State, Information Office, Communist Party, China Construction Bank, China Development Bank, National Council for Social Security Fund, Municipal Eco, Communist, Communist Youth League, Ministry of State Security, U.S . Central Intelligence Agency, CIA, Beijing, Thomson Locations: China, Beijing, Rights SHANGHAI, HONG KONG, Center for China, Washington, Shanghai, Zhejiang, Hong Kong, Singapore, Ningbo, Wenzhou, Japan, Italy

☆ Medvedev books China Open semi-final with familiar foe Zverev
▼ + stars: | 2023-10-02 | by ( ) www.reuters.com time to read: +3 min

"I'm happy that I managed to raise my level in important moments, except a game in the second set," Medvedev said. "It's great that I managed to still find in this tough match these moments of consistency, which is enough to win. The 10th-ranked German has lost three times to Medvedev this year but flipped the script in their last meeting in Cincinnati. I'm really happy with that. The Tunisian, who is looking to qualify for the season-ending WTA Finals, plays Marta Kostyuk in the second round.

Persons: Russia's Daniil Medvedev, France's Ugo Humbert REUTERS, Florence Lo, Daniil Medvedev, Ugo Humbert 6, Alexander Zverev, Medvedev, Humbert, Zverev, Chile's Nicolas Jarry, it's, He's, Carlos Alcaraz, Casper Ruud, Grigor Dimitrov, Jannik, Spain's Sara Sorribes Tormo, Frenchwoman Varvara Gracheva, I've, Swiatek, I'm, Coco Gauff, Ekaterina Alexandrova, Ashlyn Krueger, She's, Marta Kostyuk, Shrivathsa Sridhar, Clare Fallon Organizations: China, National Tennis Center, Rights, Chile's, Beijing, Thomson Locations: Beijing, China, Rights BEIJING, Rotterdam, Doha, Dubai, Miami, Russian, Chengdu, Cincinnati, Ningbo, Osaka, Bengaluru

☆ WTA roundup: Top seed Iga Swiatek survives in Tokyo
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +1 min

Swiatek rallied from 4-1 down in the first set and squandered a 5-1 lead in the second set before prevailing in just over two hours. 8 seed Veronika Kudermetova of Russia, who defeated Kayla Day 6-3, 6-3 in second-round action at the WTA 500 event. 7 seed Liudmila Samsonova fell in straight sets to fellow Russian Ekaterina Alexandrova, 6-4, 6-2. 1 seed Ons Jabeur of Tunisia eased into the quarterfinals in Ningbo, China, with a 6-3, 6-2 win over Germany's Tamara Korpatsch. 4 Anna Blinkova of Russia 6-3, 3-6, 6-1.

Persons: Iga Swiatek, Slovenia's Kaja Juvan, Brendan Mcdermid, Mai Hontama, Swiatek, Veronika Kudermetova, Kayla Day, Jessica Pegula, Spain's Cristina Bucsa, Liudmila Samsonova, Ekaterina Alexandrova, Germany's Tamara Korpatsch, Jabeur, Russia's Vera Zvonareva, Clara Tauson, Dane, Katerina Siniakova, Linda Fruhvirtova, Anna Blinkova, Lucia Bronzetti, Nadia Podoroska Organizations: Slovenia's Kaja Juvan REUTERS, Pan, WTA, Thomson Locations: Flushing Meadows , New York, United States, Poland, Tokyo, Russia, Ningbo, Jabeur, Tunisia, China, Czech, Romania, Italy, Argentina

☆ Women’s tennis returns to China after Peng Shuai boycott
▼ + stars: | 2023-09-18 | by ( Jessie Yeung | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —The Women’s Tennis Association (WTA) kicked off its first tournament in China in more than three years Monday, ending its boycott over the uncertain fate of tennis star Peng Shuai. Peng, a three-time Olympian and grand slam doubles champion, later denied having made the sexual assault claim. But despite the lack of such an investigation, Simon announced this April that the suspension, which he called a “principled stand,” would come to an end by September. The WTA had already pulled its tournaments in China in 2020 due to Covid-19 travel restrictions. Cornet had posted an Instagram story saying her season would only resume later in October, the newspaper said.

Persons: Peng Shuai, Peng, Zhang Gaoli, –, Zhang, Steve Simon, ”, Simon, ” Peng “, Alize Cornet, Cornet, ” Cornet Organizations: Hong Kong CNN, Tennis Association, United, Communist, WTA, Guangzhou, Olympic, Beijing Winter Games, Human Rights Watch, Reuters Locations: China, Hong Kong, United Nations, Beijing, Ningbo

A four-year absence of elite women’s tennis in China is set to end with the Women's Tennis Association holding seven tournaments in the next six weeks as part of the tour's Asian swing. Political Cartoons View All 1163 ImagesIn doubles, Peng won major championships at Wimbledon in 2013 and the French Open in 2014. She won 23 WTA titles in doubles and two in singles and represented China at three Summer Olympics. The China Open, a WTA and ATP 1000 event, follows from Sept. 28 and will see 2023 U.S. Open finalist, Aryna Sabalenka, debut as the new world No. In October, the tour moves to the WTA 500 Zhengzhou Open and WTA 250 Hong Kong with both tournaments starting Oct. 9.

Persons: Peng Shuai’s, Peng, Zhang Gaoli, Steve Simon, “ We’ve, ”, There’s, Alize Cornet, ” Cornet, Aryna Sabalenka, Iga Swiatek, Coco Gauff, Elena Rybakina, Jessica Pegula, Naomi Osaka, Sabalenka, — Organizations: Women's Tennis Association, WTA, Wimbledon, U.S, China Locations: China, Guangzhou, Ningbo, Hong Kong, Jiangxi, Asia, Zhuhai

☆ WTA must keep Peng case in public eye on China return, says human rights advocate
▼ + stars: | 2023-09-15 | by ( Shrivathsa Sridhar | ) www.reuters.com time to read: +3 min

Peng then briefly disappeared from public view and the former doubles number one later denied making the accusation, sparking an international outcry over her safety. In meetings with Chinese officials and in public appearances, they should talk about Peng's case. And as for the WTA, it should keep pressing the case robustly and publicly." Reuters has contacted the WTA and Chinese Tennis Association for an update on efforts to speak to Peng since the tour's decision to return to China. This year, it will hold tournaments in Guangzhou (Sept. 18-23) and Ningbo (Sept. 25-30) before the season's final WTA 1000 event in Beijing (Sept. 30-Oct. 8).

Persons: China’s Peng Shuai, Canada’s Eugenie Bouchard, Edgar Su, Peng Shuai, Peng, isn't, Yaqiu Wang, Frenchwoman Alize Cornet, Le Parisien, Cornet, Shrivathsa Sridhar Organizations: Melbourne, REUTERS, Rights, WTA, Reuters, Freedom House, Chinese Tennis Association, Thomson Locations: Melbourne, Australia, China, Guangzhou, Asia, Ningbo, Beijing, Zhengzhou, Hong Kong, Nanchang, Zhuhai, Le, Bengaluru

☆ One part of China’s consumer market is holding up against a broad decline
▼ + stars: | 2023-08-30 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Customers enjoy food at a new Costco store in Shanghai on the first day of its trial operation on March 10. China News Service | China News Service | Getty ImagesBEIJING — If retail sales slowed this summer, it hasn't felt that way in parts of China. In the weeks around early July, New York residents David and Susan Schwartz visited three Costco stores, known as warehouses, on the outskirts of Shanghai and the neighboring city of Suzhou. China's retail sales slowed to a 2.5% year-on-year increase in July, adding to growing uncertainty about the country's future growth. Chris Reitermann CEO, Ogilvy Asia Pacific and Greater ChinaThe massive property market, where the majority of household wealth is stored, accelerated its decline in July.

Persons: hasn't, Susan Schwartz, David Schwartz, David, Susan, Malin, Goetz, Kate Spade, they're, Chris Reitermann, Ogilvy's Reitermann, Daniel Zipser Organizations: Costco, China News Service, Getty, BEIJING, U.S, Ogilvy Asia Pacific, CNBC, McKinsey Global Institute, Media, McKinsey Locations: Shanghai, China, New York, Suzhou, U.S, Hangzhou, Ningbo, York, Greater China

A man walks past a sign of Geely's new premium electric vehicle (EV) brand Zeekr at its factory in Ningbo, Zhejiang province, China April 15, 2021. Geely in December said Zeekr had confidentially filed for a U.S. IPO, without detailing size or listing date. If successful, a $1 billion IPO would be the largest U.S. listing by a Chinese firm for over two years since ride-hailing giant Didi raised $4.4 billion in mid 2021. Geely, formally Zhejiang Geely Holding Group (GEELY.UL), established Zeekr in April 2021 to tap into increasing Chinese demand for high-end EVs. ($1 = 7.2883 Chinese yuan renminbi)Reporting by Julie Zhu in Hong Kong and Scott Murdoch in Sydney; Editing by Christopher CushingOur Standards: The Thomson Reuters Trust Principles.

Persons: HONG KONG, Geely, Zeekr, Didi, Andy, Julie Zhu, Scott Murdoch, Christopher Cushing Organizations: REUTERS, Yilei, U.S, Zhejiang Geely Holding, Thomson Locations: Ningbo, Zhejiang province, China, HONG, Hangzhou, Hong Kong, Singapore, London , New York, Boston , California, U.S, Zhejiang, Netherlands, Sweden, Israel, Kazakhstan, Sydney

☆ Factbox: China's incumbent and upcoming LNG traders
▼ + stars: | 2023-08-21 | by ( Chen Aizhu | ) www.reuters.com time to read: +5 min

A liquefied natural gas (LNG) tanker is tugged towards a thermal power station in Futtsu, east of Tokyo, Japan November 13, 2017. Below is a list of China's main gas traders and their operations globally, according to information from company sources and traders. In May, PCI became the first Chinese firm to gain long-term access to gas storage at a European gas terminal. CNOOC also plans to create a London desk in the coming year or two, following PCI and Unipec. Sumitomo Corp (8053.T), which has a desk to trade piped gas in London is considering expanding into LNG trading, said a company spokesperson.

Persons: Issei Kato, Keith Martin, Wang Bingsi, CNOOC, Norinco, ENN, Chen Aizhu, Yuka Obayashi, Florence Tan, Tom Hogue Organizations: REUTERS, Rights, PetroChina International, PCI, London, Gazprom, China National Offshore Oil Company, Gas Co, ENN, LNG, Beijing Gas, Zhejiang Energy, Zhejiang Energy Zhejiang Energy, Exxon Mobil, Mexico, China Gas Holding, China Gas, JOVO Energy, Privately, SOUTH, Mitsubishi Corp, Marubeni Corp, Tokyo Gas, Korea's SK E, Sumitomo Corp, Thomson Locations: Futtsu, Tokyo, Japan, London, Singapore, Beijing, Dubai, Houston, Sinopec, China, Jiangsu province, ENN, U.S, Hebei, Shenzhen, CNOOC, Zhejiang Energy Zhejiang, Zhejiang, Ningbo, Wenzhou, Zhejiang province, HK, Guangxi province, Yantai, Shandong province, Guangdong, Guangzhou, JAPAN, SOUTH KOREA, Asia

Search resuls for: "NingBo"

25 mentions found