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As the top official in China's commercial hub and its most populous city, Li's position as Shanghai party chief has traditionally been a stepping stone towards a top-two role in China's power structure - including for Xi Jinping himself. "It's near impossible for Li, who owes his political career largely to Xi, to even consider doing anything to undermine Xi. KEY CONFIDANTA native of Zhejiang province, Li, 63, was Xi's chief of staff - a role for the most trusted confidants - from 2004 to 2007 when Xi was party chief of Zhejiang. In Seattle with Xi, Li gave a speech calling for more cooperation between Zhejiang and U.S. firms. Making his rounds, he reiterated the COVID party line: "We must resolutely implement the spirit of the important instructions by Party Secretary Xi Jinping and steadfastly persist in the dynamic-zero approach".

☆ China's top leaders are set for a reshuffle. Here are the names to watch
▼ + stars: | 2022-10-10 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +8 min

China's top leadership team around President Xi Jinping is set to change this month at a twice-a-decade congress. One of the most closely watched changes in the political reshuffle is the future of Premier Li Keqiang, who turned 67 this year. However, he could remain a standing committee member, JPMorgan analysts said, pointing to a precedent at the 15th party congress. Huang Kunming — Politburo member and head of China's propaganda department, who worked closely with Xi in the provinces of Fujian and Zhejiang, the report said. Yang Jiechi, a 72-year-old Politburo member and director of the party's central committee foreign affairs office, is widely expected to retire.

☆ China battery maker debut is weaker than it looks
▼ + stars: | 2022-10-06 | by ( ) www.reuters.com time to read: +2 min

HONG KONG, Oct 6 (Reuters Breakingviews) - Shares of China’s CALB (3931.HK), which makes lithium batteries for electric cars, debuted flat following its $1.3 billion initial public offering. After pricing at the bottom of the range, cornerstone investors ended up with half of CALB’s total offering. One of the company’s suppliers, Tianqi Lithium (002466.SZ), bought into the deal too, reciprocating CALB’s investment in its own Hong Kong listing back in July. (By Katrina Hamlin)Register now for FREE unlimited access to Reuters.com RegisterFollow @Breakingviews on Twitter(The author is a Reuters Breakingviews columnist. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Chinese EV Maker Leapmotor Flops in Hong Kong Market Debut
▼ + stars: | 2022-09-29 | by ( Dave Sebastian | ) www.wsj.com time to read: 1 min

Two new listings stumbled in their Hong Kong trading debuts after raising a total of $1.5 billion in tumultuous market conditions, casting a cloud over a growing pipeline of companies preparing to go public in the Asian financial hub. Shares of Zhejiang Leapmotor Technology Co., a Chinese electric-vehicle maker, fell as much as 42% below their initial public offering price within their first few hours of trading on Thursday. The seven-year-old company raised $800 million in its IPO—significantly less than the $1.5 billion it had previously aimed for—after pricing its shares at the bottom of a guided range.

☆ Asia-Pacific markets open higher after Wall Street rebounds overnight
▼ + stars: | 2022-09-29 | by ( Abigail Ng | ) www.cnbc.com time to read: +1 min

Pedestrians cross a road in front of an electronic quotation board displaying the numbers of company stock prices on the Tokyo Stock Exchange in Tokyo on May 13, 2021. Shares in the Asia-Pacific rose at the open on Thursday following a rebound on Wall Street overnight. The Nikkei 225 in Japan advanced 1% and the Topix index gained 0.31%. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.72%. The S&P 500 gained 1.97% to 3,719.04, staging a comeback after notching a new bear market low the previous session.

☆ Two large Hong Kong IPOs drop in trading debut: China EV maker Leapmotor plunges, Onewo shares dip
▼ + stars: | 2022-09-29 | by ( Abigail Ng | ) www.cnbc.com time to read: +1 min

China Vanke's subsidiary Onewo and EV maker Zhejiang Leapmotor Technology began trading on the Hong Kong market on Thursday. Chinese electric vehicle maker Leapmotor's shares tumbled as much as 32% from its offer price of 48 Hong Kong dollars ($6.11) per share. Shares of Onewo fell 7.9% from its offer price of 49.35 Hong Kong dollars ($6.29) per share in early trade, and was last 4.76% lower. Onewo, a subsidiary of property developer China Vanke, raised 5.6 billion Hong Kong dollars ($713.5 million), while Leapmotor raised 6.06 billion Hong Kong dollars ($771.7 million). Data from the Hong Kong Exchange (HKEX) show there were 48 new listings in Hong Kong from January to August in 2022, raising a total of 56 billion Hong Kong dollars ($7.1 billion) – a steep drop from the same period in 2021, in which there were 69 new listings that raised 271.4 billion Hong Kong dollars ($34.6 billion).

Leapmotor raised $800 million, while Onewo raised $733 million from their initial public offerings(IPOs). Lithium battery maker CALB is finalising its $1.28 billion Hong Kong IPO and has priced its shares at HK$38 each, according to two sources with direct knowledge of the matter. Leapmotor and Onewo IPOs received a lukewarm response from the city's retail investors who did not take up the full amount of shares offered to them, according to the firms' filings. Leapmotor shares were priced at the low end of its marketed range, while Onewo shares were priced at the mid point of its indicated price range. read more($1 = 7.8498 Hong Kong dollars)Register now for FREE unlimited access to Reuters.com RegisterReporting by Scott Murdoch; Editing by Himani SarkarOur Standards: The Thomson Reuters Trust Principles.

☆ Take a look at China's fleet of destroyers, including the Type 055, which cost $920 million to build and is considered one of the country's most powerful warships
▼ + stars: | 2022-09-27 | by ( Marielle Descalsota | ) www.businessinsider.com time to read: +2 min

China has the world's largest navy, with more than 355 vessels in its fleet, according to a 2021 report by the United States Naval Institute. Officers and soldiers of the Chinese naval fleet for escort mission line up on the deck at a port in Zhoushan, east China's Zhejiang Province, April 28, 2020. The report stated that "increasing capabilities of Chinese warships" like destroyers is crucial to the country's military plans. In addition to China's newest class, the Type 055, there are six other locally made active destroyer classes: Type 052A, Type 051B, Type 051C, Type 052B, Type 052C, and Type 052D(L), per a 2018 report by CRS. Keep reading for a look at all eight of China's destroyer classes.

☆ Macau casino operators soar as China allows tour groups after nearly 3 years
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: +2 min

A woman rest next to the decoration inside the Wynn Palace casino resort in Macau, China December 20, 2019, on the 20th anniversary of the former Portuguese colony's return to China. Sands China (1928.HK) rose more than 13%, Wynn Macau (1128.HK) climbed 7%, Galaxy Entertainment (0027.HK) advanced 10% while shares of SJM (0880.HK) and MGM China (2282.HK) jumped 8% each. Currently, Chinese tourists to Macau need to book a visa appointment followed by a week-long approval process. The individual visa scheme accounted for around 50% of Chinese visitors to Macau in 2019 while tour groups accounted for around 25% of visitation. In the first phase, the resumption of tour groups will come from five provinces -- Guangdong, Shanghai, Zhejiang, Jiangsu and Fujian -- which represented almost 60% of mainland visits to Macau in 2019.

☆ China EV maker Leapmotor set to raise $800 mln in Hong Kong IPO - sources
▼ + stars: | 2022-09-25 | by ( ) www.reuters.com time to read: 1 min

Register now for FREE unlimited access to Reuters.com RegisterHONG KONG, Sept 25 (Reuters) - China electric vehicle maker Zhejiang Leapmotor Technology is set to raise $800 million by pricing its shares at HK$48($6.12) each in its Hong Kong initial public offering, according to two sources with direct knowledge of the matter. The sources spoke on condition of anonymity as the information was not yet public. Leapmotor did not immediately respond to a Reuters request for comment outside of normal business hours. ($1 = 7.8493 Hong Kong dollars)Register now for FREE unlimited access to Reuters.com RegisterReporting by Scott Murdoch; Editing by Himani SarkarOur Standards: The Thomson Reuters Trust Principles.

☆ China EV maker Leapmotor set to raise $800 million in Hong Kong IPO
▼ + stars: | 2022-09-25 | by ( Scott Murdoch | Thomson Reuters | Scott Murdoch Has Been A Journalist For More Than Two Decades Working For Thomson Reuters | ) www.reuters.com time to read: +3 min

HONG KONG, Sept 25 (Reuters) - Chinese electric vehicle (EV) maker Zhejiang Leapmotor Technology is set to raise $800 million by pricing its shares at HK$48 ($6.12) each in its Hong Kong initial public offering (IPO), said two sources with direct knowledge of the matter. Hong Kong IPO volumes have fallen nearly 90% as global markets remain roiled by China regulatory uncertainty, rising interest rates, high inflation and the Russia's war in Ukraine. Despite the Leapmotor and CALB deals, plus China Vanke's property services unit Onewo Inc raising $733 million, dealmakers are cautious there will be a solid rebound in new share sales in Hong Kong and overseas before 2023. "It feels that these IPOs are kind of one-off transactions and think the Hong Kong market is not yet fully opened up," said Shifara Samsudeen, LightStream Research analyst who publishes on Smartkarma. ($1 = 7.8493 Hong Kong dollars)Register now for FREE unlimited access to Reuters.com RegisterReporting by Scott Murdoch; Editing by Himani Sarkar and William MallardOur Standards: The Thomson Reuters Trust Principles.

Oil and gas tanks are seen at an oil warehouse at a port in Zhuhai, China October 22, 2018. Such a move would signal a reversal in China's oil products export policy, add to global supplies and depress fuel prices. After a recent slide in benchmark Brent crude prices to below $100 a barrel, Chinese refiners have taken arbitrage opportunities to boost stockpiles, traders said, booking supertankers to haul crude oil to China from the Americas and Middle East. A second official with another state refinery said his plant is also planning about an 8% hike in throughput next month, but added that the plan had been driven by firmer domestic margins. A third state refinery expects to restart a 60,000-bpd crude unit next month after maintenance, one of the sources said.

But despite the decline in oil imports, China has actually been building up inventories, as crude imports and domestic production has been exceeding the volume of refinery processing. But an estimate can be made by deducting the amount of crude processed from the total of crude available from imports and domestic output. Crude imports were 9.5 million bpd in August, based on official data, up 8.1% from July's 8.79 million bpd in July, but they were still down 9.4% from August 2021. Domestic oil output was 3.99 million bpd in August, down a touch from July's 4.03 million bpd. Refinery throughput was 12.64 million bpd in August, up slightly from July's 12.53 million bpd, which was the lowest daily rate since March 2020.

☆ China's 'Lipstick King' returns to live-streaming show after mysterious three-month disappearance
▼ + stars: | 2022-09-21 | by ( Laura He | Cnn Business | ) edition.cnn.com time to read: +1 min

On Tuesday night, Li Jiaqi reappeared on Alibaba's Taobao Live, a live-streaming platform for the e-commerce giant. His show immediately attracted thousands of viewers within the first few minutes, despite no prior notices on his social media accounts. The 30-year-old livestreamer, also called Austin Li, was one of China's biggest internet celebrities, with 64 million followers on Alibaba's Taobao. He once sold 15,000 lipsticks within five minutes in a sales competition against Alibaba founder Jack Ma, winning himself the nickname "China's lipstick king." E-commerce livestreamer Austin Li Jiaqi attends a public-welfare livestreaming ceremony on September 23, 2021 in Hangzhou, Zhejiang Province of China.

☆ China’s ‘Lipstick King’ returns to live-streaming show after mysterious three-month disappearance
▼ + stars: | 2022-09-21 | by ( Laura He | ) edition.cnn.com time to read: +5 min

On Tuesday night, Li Jiaqi reappeared on Alibaba’s Taobao Live, a live-streaming platform for the e-commerce giant. By the end of the two-hour show, 63 million viewers had watched his live-stream, higher than most of his previous shows. The 30-year-old livestreamer, also called Austin Li, was one of China’s biggest internet celebrities, with 64 million followers on Alibaba’s Taobao. Just before the abrupt ending, Li had shown his audience a multi-layered ice cream treat decorated with Oreos and wafers. In June, just two weeks after Li disappeared, Beijing intensified its crackdown on the the country’s booming livestreaming industry.

☆ Why Apple, Google and Microsoft are spending more time on TikTok
▼ + stars: | 2022-09-21 | by ( Mikaela Cohen | ) www.cnbc.com time to read: +7 min

ReutersThe explosion of TikTok's popularity has pushed the app into the biggest technology companies' focus. Google, Apple and Microsoft all have TikTok accounts, with over 8.5 million likes between the three. While Apple has more than 1.3 million fans on the platform, Google and Microsoft have 403,000 and 143,000, respectively. Big tech companies are finding success on TikTok by not only creating personable content, but by creating content that follows trends already on TikTok — often related to corporate humor and professional advice. While more users are flocking to TikTok, Easter said big tech firms could miss out if they don't invest in content creation.

☆ Russia's surging oil exports to China in Aug fail to keep Saudis down -data
▼ + stars: | 2022-09-20 | by ( Chen Aizhu | ) www.reuters.com time to read: +3 min

Imports of Russian oil, including supplies pumped via the East Siberia Pacific Ocean pipeline and seaborne shipments from Russia's European and Far Eastern ports, totalled 8.342 million tonnes, data from the Chinese General Administration of Customs showed. The August amount, equivalent to 1.96 million barrels per day (bpd), was slightly off May's record of nearly 2 million bpd. read moreStill, imports from Saudi Arabia rebounded last month to 8.475 million tonnes, or 1.99 million bpd, 5% above the year ago levels. China's crude oil imports in August fell 9.4% from a year earlier, as outages at state-run refineries and lower operations at independent plants caused by weak margins capped buying. The strong Russian purchases continued to weigh on competing supplies from Angola and Brazil, which fell in August by 34% and 47% year-on-year, respectively.

☆ U.S. agency adds China Unicom, Pacific Networks to national security threat list
▼ + stars: | 2022-09-20 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

REUTERS/Andrew KellySept 20 (Reuters) - The U.S. Federal Communications Commission (FCC) named Chinese telecom companies Pacific Networks Corp, its wholly-owned subsidiary ComNet (USA) LLC and China Unicom (Americas) as threats to U.S. national security, the regulator said Tuesday. The designations are under a 2019 law aimed at protecting U.S. communications networks. The FCC said the companies are subject to the Chinese government's exploitation, influence and control, along with the associated national security risks. Earlier this year, the U.S. regulator voted to revoke China Unicom's U.S. unit, Pacific Networks and ComNet's authorization to operate in the United States, citing national security concerns. In March, the FCC added Russia's AO Kaspersky Lab, China Telecom (Americas) Corp (0728.HK) and China Mobile International USA (0941.HK) to the covered list.

☆ China EV maker Leapmotor launches up to $1 billion Hong Kong IPO
▼ + stars: | 2022-09-19 | by ( Scott Murdoch | Thomson Reuters | Scott Murdoch Has Been A Journalist For More Than Two Decades Working For Thomson Reuters | ) www.reuters.com time to read: +2 min

Register now for FREE unlimited access to Reuters.com RegisterHONG KONG, Sept 20 (Reuters) - Chinese electric vehicle maker Zhejiang Leapmotor Technology is aiming to raise $1.03 billion in an initial public offering (IPO) launched on Tuesday, according to its regulatory filings. The company is selling 130.82 million shares in the deal that will be the largest IPO in Hong Kong in 2022. Leapmotor has locked five cornerstone investors - led by the Zhejiang and Jinhua industrial funds - who will buy up to $308.33 million shares, according to the filings. Leapmotor produces four electric vehicle models that mainly target China’s middle- and lower-end mass market in a 79,500 yuan-300,000 yuan ($11,466.40-$43,269.44) price range, according to its website and prospectus filed with the Hong Kong Stock Exchange. ($1 = 7.8488 Hong Kong dollars)Register now for FREE unlimited access to Reuters.com RegisterReporting by Scott Murdoch in Hong Kong; Editing by Cynthia Osterman and Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

Chinezii din provinciile Hunan, Jiangxi (centru) şi Zhejiang (est) sunt afectaţi de aceste restricţii atât acasă, cât și la muncă, potrivit presei şi autorităţilor locale. Lifturile, oprite pentru economie de curentLa începutul lunii decembrie, provincia Hunan a decretat stingerea, timp de mai multe ore pe zi, a iluminatului clădirilor şi a limitat încălzirea în locurile de divertisment. În provincia Zhejiang, uzinele au primit ordinul de a opri producţia, iar sistemul public de iluminat a fost oprit pe perioada nopţii pentru a reduce emisiile, susţin mass media şi internauţii. Obiectivele de mediu ale ChineiAceste incidente ilustrează provocările cu care se confruntă o China în plină dezvoltare, constrânsă să realizeze un echilibru între nevoile populaţiei sale şi angajamentele în materie de mediu. Însă tensiunile dintre China şi Australia au declanşat îngrijorări pe pieţele de materii prime, ceea ce a dus la creşterea preţului cărbunelui în China”, susţine Yan Qin, analist la Refinitiv.

Persons: Lauri, Autorităţile, Celsius, susţine Yan Locations: Hunan, Jiangxi, Helsinki, Zhejiang, China, Chinei, Beijing, Canberra, Australia

Noua specie a fost denumită Choerospondias fujianensis sp. nov., iar cercetătorii au declarat că prezintă unele diferenţe la nivel de structură în comparaţie speciile din genul Choerospondias din prezent, citează Agerpres. Plantele din genul Choerospondias se găsesc în principal în zonele subtropicale şi tropicale din Asia de Est, inclusiv în provinciile Zhejiang, Fujian şi Yunnan din China. Fosilele indică faptul că genul Choerospondias a fost mai divers în Miocen, după cum a declarat Wang Zixi, asistent de cercetare la Institutul de Geologie şi Paleontologie din Nanjing, care a participat la acest studiu. Potrivit acestuia, genul Choerospondias era răspândit pe scară largă în Eurasia în urmă cu 20 de milioane de ani, însă în prezent s-a redus la o plantă unică în Asia de Est.

Persons: Wang Organizations: Wang Locations: Asia de Est, Zhejiang, Yunnan, China, Nanjing, Eurasia, Europa, Chinei

☆ Calamităţi naturale produse în 2019 în întreaga lume: uragane, temperaturi extreme, inundaţii şi incendii de proporţii
▼ + stars: | 2019-12-31 | by ( ) tvrmoldova.md time to read: +13 min

Temperaturi de aproximativ 6 grade Celsius s-au înregistrat în această iarnă la Moscova, un record pentru luna decembrie. Cea mai călduros loc din Australia a fost înregistrat în oraşul Ceduna din sudul Australiei, unde temperatura a fost de 46,5 grade Celsius, potrivit Biroului de Meteorologie. Estul Australiei s-a confruntat cu incendii devastatoare în ultimele trei luni, potrivit oamenilor de ştiinţă, din cauza secetei prelungite şi a încălzirii globale. Printre ţările afectate s-au numărat şi Venezuela, cu 26.000 de incendii de vegetaţie, Bolivia, cu peste 17.000, Columbia şi Peru. În urma seismului, 51 de persoane au fost ucise, 10 persoane sunt în continuare date dispărute, 750 de oameni au fost răniţi, 100.

Persons: France, Crăciun, Anne Hidalgo, Gavin Newsom, Richter, Cutremurul, Uraganul Dorian, Dorian, Taifunul Organizations: Mediafax, NASA, Catedrala Notre, Notre, Autorităţile, Geologic, Cutremurul, Grand Abaco Locations: Moscova, Amazoniană, Siberia, Australia, Europa, Australia Australia, BoM, ţara, Ceduna, Australiei, Oodnadatta, Perth, Australia de Vest, Europa Centrală, Vest, Franţa, New South Wales, Australia de Sud, Brazilia, Venezuela, vegetaţie, Bolivia, Columbia, Peru, Americii, Sud, America de Sud, Statele Unite, Evia, Spania, Asturias, Cantabria, american Los Angeles, Santa, California, Dame, Paris, Insula, Noua Zeelandă, Insula Albă, Albania, Tirana, Durrës, României, Iran, Tark, Iranului, locuinţe, mulţi, Geologic american, Teheran, Alborz, Azerbaijan, San Bernardino, american California, Ridgecrest, Bahamas, Arhipelagul Bahamas, Grand Abaco, Caraibe, Grand, Nassau, Japonia, Chinei, Zhejiang, China, Shandong, Indiei, Uttar Pradesh, Bihar, India

☆ This fascinating map shows the new religious breakdown in China
▼ + stars: | 2015-08-18 | by ( Alana Yzola | ) www.businessinsider.com time to read: +3 min

China has historically followed ancient religions like Buddhism and Taoism for about 2,000 years, according to China's State Council. But a recent map published by Reuters shows that the country’s belief systems have become increasingly diverse. AdvertisementThis map shows the new religious make up of China. “Protestant Christianity has been the fastest growing religion in China,” Yang writes in his essay, When Will China Become The World’s Largest Christian Country? According to the map, Chinese authorities in Huzhou removed a cross from a church despite the month long protesting efforts to protect their religious symbol.

Persons: Fenggang Yang, Fanggang Yang, ” Yang, Will China, Yang, “, Eleanor Albert, Julia Ro Organizations: State, Reuters, Religion, Society, Purdue University, Foreign Relations, Foreign, Chinese Communist Party, Guardian, Global, BBC Locations: China, Xinjiang, Gansu, Huzhou

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