London/Berlin CNN Business — The German government has blocked the sale of one of its semiconductor factories to a Chinese-owned tech company because of security concerns. Germany’s economic ministry said in a statement that it had prohibited Elmos Semiconductor, which makes chips for the automotive industry, from selling its factory in Dortmund to Silex, a […]
CNN — One of the biggest surprises at last year’s United Nations climate summit came in the form of a handshake. US climate envoy John Kerry and his China counterpart Xie Zhenhua did so at COP26 in Glasgow as they announced a commitment to cooperate on the climate crisis. The countries vowed to work together […]
Editor’s Note: A version of this story appeared in CNN’s Meanwhile in China newsletter, a three-times-a-week update exploring what you need to know about the country’s rise and how it impacts the world. Sign up here. Hong Kong CNN — China’s southern metropolis of Guangzhou has locked down a third district, as authorities rush to […]
China’s super-rich saw their wealth tumble by the most in over two decades this year, as the Russia-Ukraine war, Beijing’s zero-Covid measures and falling mainland and Hong Kong stock markets pummeled fortunes, according to an annual rich list. The Hurun rich list, which ranks China’s wealthiest people with a minimum net worth of 5 billion […]
China staged a low-key but historic debut of its C919 civil jet at its biggest airshow on Tuesday, with some delegates unable to attend the scaled-down event because of Beijing’s zero-Covid policy as cases reached the highest level in six months. In a reminder of the continuing health crisis slowing China’s return to global aviation, […]
New Delhi CNN Business — One of Apple’s largest suppliers is trying to strike a delicate balance in China. Foxconn (HNHPF) has to comply with some of the harshest Covid rules in the world while ensuring that Apple’s (AAPL) shipments are not severely disrupted just before the key holiday season begins. The Taiwanese company, which […]
Hong Kong CNN Business — Taiwan’s latest entrant to Wall Street has had a rough ride since it went public a week ago. Shares of Perfect Corp., a software company that allows users to virtually try on makeup or jewelry from brands such as Estée Lauder, LVMH and Shiseido, have fallen more than 40% from […]
CNN — The Commander of US Strategic Command, which oversees the US nuclear weapons program, warned that China is developing nuclear weapons much faster than the US and called the issue a “near-term problem,” during a speech at a closed event earlier this week. While Pentagon officials have been sounding the alarm about China’s military […]
Sign up for CNN’s Wonder Theory science newsletter. Explore the universe with news on fascinating discoveries, scientific advancements and more. CNN — The charred remnants of a rocket booster plunged uncontrolled back to Earth Friday morning, an event decried in the West as an irresponsibly risky move by the China National Space Administration. The rocket […]
Hong Kong/London CNN Business — German Chancellor Olaf Scholz will arrive in China on Friday with a team of top executives and a clear message: business with the world’s second largest economy must continue. In a whirlwind one-day visit, Scholz is expected to meet with Chinese leader Xi Jinping and Premier Li Keqiang in Beijing. […]