China’s rare-earth exports fall 16% in May

BY CHINA DAILY China, the world’s largest producer of rare earths, saw a 16 percent monthly drop in those exports in May amid an increased focus on domestic resources conservation and high-quality development of commodities, officials and experts said. Rare-earth exports by China fell to 3,640 metric tons in May from 4,329 tons in April, according to the General Administration of Customs. In the first … Continue reading China’s rare-earth exports fall 16% in May

China shuts down popular finance news app

BY SCMP Beijing on Monday ordered the closure of popular finance news app wallstreetcn.com, better known as “Wall Street News”, saying it was in breach of cybersecurity laws. “Wallstreetcn.com has severely violated rules under Chinese cybersecurity law. Please cut off internet access to the app and report related feedback after it takes effect,” said a government order dated June 10 that was sent to the … Continue reading China shuts down popular finance news app

Hong Kong had one of its biggest marches in history

Hundreds of thousands of protesters took to the street in Hong Kong on Sunday against a law critics fear could let Beijing target political opponents in the territory. The controversial extradition bill would allow suspected criminals to be sent to mainland China for trial. Organisers say there were one million people, which would make it the biggest march in more than 16 years. Police say … Continue reading Hong Kong had one of its biggest marches in history

Gaokao: exam that ‘has changed the lives of tens of millions’ in China

BY XINHUA For 45-year-old Wang Bo, taking the national college entrance exam in 1992 was an unforgettable life-changing opportunity. “Without the exam, I would have been stuck in a small county for my whole life and would never have the chance to study in a big city,” he said. Wang often had nightmares when preparing for the exam. “The fierce competition made me nervous all … Continue reading Gaokao: exam that ‘has changed the lives of tens of millions’ in China

Suppliers around the world to continue shipments to Huawei

BY CHINA DAILY As Huawei Technologies Co works hard to offset the fallout of the US government’s restrictions, suppliers around the world are reaffirming their support for the Chinese company, partly by leveraging their flexibilities to reconfigure supply chains. German chipmaker Infineon said it is continuing most shipments to Huawei, given that the majority of products it delivers to the Chinese firm are not subject … Continue reading Suppliers around the world to continue shipments to Huawei

Caterpillar: ‘We believe in free trade’

BY CHINA DAILY US construction machinery giant Caterpillar Inc believes there are good long-term prospects in the China market and the company plans to launch more products and services for local customers, a global executive said. Ramin Younessi, Caterpillar group president for construction industries, told China Daily that the US-based company is “very committed” to China and has a strong team for the long run … Continue reading Caterpillar: ‘We believe in free trade’