China · Business
Same event, multiple sources, transparently cited.
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Hong Kong to launch government-owned gold-clearing system by July 2026
Hong Kong plans to launch a government-owned gold-clearing system by July to allow faster trade settlement via unallocated accounts.
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China restricts rare earth exports to Japan amid Taiwan dispute
China has cut off heavy rare earth exports to Japan since December 2025 amid a diplomatic row over Taiwan.
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Chinese EVs capture over 15% of Europe's electric vehicle market in April 2026
Chinese electric vehicle brands reached more than 15% market share in Europe in April 2026, with sales doubling year-on-year.
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Lenovo reports 38% profit growth and strong AI-driven earnings for fiscal 2026
Lenovo posted 38% profit growth and surged AI revenue, driving shares up 17% in Hong Kong on May 22.
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India's power demand hits new record 270.82 GW amid severe May heatwave
India's power producers set a record peak electricity demand of 270.82 GW on May 21 amid intense heat across the country.
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European Central Bank likely to raise interest rates in June amid inflation surge from Iran war
The European Central Bank is expected to raise interest rates in June due to rising inflation fueled by the Iran war and energy price shocks.
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EU proposes temporary exemption from sanctions on Chinese chipmaker Yangjie to ease auto supply chain
The EU plans to temporarily lift sanctions on Chinese chipmaker Yangjie to prevent auto industry supply shortages, pending member approval.
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China halts Meta’s $2 billion acquisition of AI startup Manus; founders seek $1 billion buyback
China’s NDRC rejected Meta’s $2 billion Manus acquisition, prompting founders to plan a $1 billion buyback today.
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Germany Sees Nearly Decade-Low Foreign Investment in 2025, China Tops Source Countries
Germany recorded a sharp drop in foreign investment projects in 2025, with China surpassing the US as top investor source.
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BOJ board member Koeda urges raising interest rates amid inflation concerns
Bank of Japan board member Junko Koeda called for raising rates at an appropriate pace to tackle inflation, speaking May 21 in Fukuoka.
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April 2026 Inflation Rates Drop in UK and Japan, Rise in Eurozone Amid Energy Tensions
UK and Japan reported easing inflation in April 2026, while Eurozone inflation rose; energy subsidies in Japan and UK price caps influenced trends.
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China's YMTC and CXMT Begin IPO Processes Amid Semiconductor Demand Surge
Yangtze Memory Technologies and ChangXin Memory Technologies launched IPO preparations amid rising chip demand and strong profits.
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Eurozone business activity contracts sharply in May amid Iran war and energy pressures
Eurozone business activity shrank for the second month in May 2026, driven by services, as energy costs rose amid the Iran conflict.
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China’s Government Spending Falls 7.3% in April Amid Slowing Economy
China's public expenditure dropped 7.3% year-on-year in April 2026, marking its fastest contraction in six months and signaling an economic slowdown.
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Sam Altman Offers $2 Million in OpenAI Tokens for Equity in Y Combinator Startups
OpenAI CEO Sam Altman offered $2 million worth of tokens to each YC 2026 startup for equity through an uncapped SAFE contract.
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Tesla launches Full Self-Driving in China after regulatory nod, expands local hiring
Tesla rolled out its FSD system in China following Level 3 autonomous driving approval and is hiring heavily to accelerate local testing.
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Foreign investors pour nearly $29 billion into Chinese stocks in April 2026
Foreign investors returned to Chinese stocks in April 2026 with about 200 billion yuan in net inflows amid a robust tech rally.
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Nvidia reports record $81.6B Q1 revenue fueled by AI demand; AMD pledges $10B Taiwan AI investment
Nvidia posted record fiscal 2027 Q1 revenue of $81.6 billion on strong AI demand; AMD pledged over $10 billion for Taiwan AI infrastructure expansion.
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Japan’s foreign visitors drop 5.5% in April 2026 amid China decline and Middle East unrest
Japan saw a 5.5% year-on-year decline in foreign visitors in April 2026, driven by a sharp fall in Chinese tourists and disruptions from Middle East unrest.
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Two Chinese Supertankers with Four Million Barrels of Crude Exit Strait of Hormuz
Two Chinese supertankers carrying four million barrels of crude oil left the Strait of Hormuz on May 20 after over two months in the Gulf.
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US indicts seven Chinese executives and four firms for container cartel during Covid pandemic
The US Justice Department charged seven Chinese executives and four container makers with fixing shipping container prices from 2019 to 2024.
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China’s 10-year bond yield hits nine-month low as global bond yields rise
China’s 10-year government bond yield fell to 1.73% this week amid fragile recovery and ample liquidity, despite global bond selloff.
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Stellantis to produce affordable electric E-Car in Italy starting 2028
Stellantis will begin producing a small electric vehicle named E-Car at its Pomigliano plant in Italy in 2028.
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Seagate CEO Warns Long Plant Build Times Risk Memory Capacity Oversupply, Stocks Fall
Seagate CEO Dave Mosley said new plant construction takes too long, triggering sell-offs in Seagate and memory stocks on May 18-19, 2026.