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Chinese Firms

Clock's ticking! Chinese firm imposes strict 2-min limit on toilet breaks

The Three Brothers Machine Manufacturing Company in Foshan, Guangdong, enforced strict restroom rules, setting fixed break slots and a strict two-minute cap on unscheduled trips

Updated On: 20 Feb 2025 | 4:56 PM IST

Chinese companies control around 75% of Indonesian nickel capacity

Indonesia's 8 million metric tonne refining capacity was distributed across 33 companies, but ownership tracing showed shareholder overlap, and ultimately Chinese companies control

Updated On: 05 Feb 2025 | 1:56 PM IST

China FY24 revenue growth falls, non-tax income jumps amid market slump

Fiscal revenues in 2024 totalled 21.97 trillion yuan ($3.03 trillion), including 17.497 trillion yuan in tax receipts and 4.473 trillion yuan in non-tax income

Updated On: 24 Jan 2025 | 6:08 PM IST

Country Garden expects to reach terms with creditors in Feb, tells lawyer

Country Garden said earlier this month it has proposed to creditors a debt restructuring that would cut its offshore debt worth $16.4 billion by 70 per cent

Updated On: 20 Jan 2025 | 9:34 AM IST

25 Chinese companies may take part in international mining exhibition

Around 25 Chinese companies have expressed interest in participating in the 11th edition of the International Mining and Equipment Exhibition (IME) in Kolkata, an official said on Friday. The Mining, Geological & Metallurgical Institute of India (MGMI), which organises the exhibition in collaboration with Tafcon, stated that the last two editions did not feature direct participation from Chinese companies. "For the upcoming 11th edition, 25 (Chinese) companies have committed to participate so far," MGMI secretary Ranajit Talapatra said. Addressing the media, Tafcon official I P Wadha said: "With the easing of visa restrictions, we expect officials from at least 25 Chinese companies to attend. In the past editions, Chinese companies that have local affiliations or collaborations have participated in the exhibition. MGMI president and Western Coalfields Chairman J P Dwivedi said the event could witness the participation of 600 delegates from 30 countries. The IME 2025 and a conclav

Updated On: 17 Jan 2025 | 9:55 PM IST

China extends its coal imports lead over India to widest in over a decade

Global thermal coal prices have retreated from record highs hit after Russia's 2022 invasion of Ukraine, but are 50 per cent higher than the average during the 2017-19 period

Updated On: 17 Jan 2025 | 7:53 AM IST

China's biggest shipping line Cosco added to US military blacklist

Federal Register filing named it as qualifying as a Chinese military company as determined by the Pentagon, along with Tencent Holdings Ltd. and Contemporary Amperex Technology Co Ltd

Updated On: 07 Jan 2025 | 11:36 AM IST

Chinese workers found in 'slave-like conditions' at BYD's Brazil facility

BYD has cut ties with its contractor Jinjiang Construction Brazil Ltd, and pledged to protect the rights of all subcontracted workers

Updated On: 24 Dec 2024 | 1:54 PM IST

BYD on track to beat 2024 sales goal of 4 mn vehicles, outsell Ford, Honda

During August to October, BYD added nearly 200,000 units in production capacity and hired 200,000 workers for auto and part manufacturing

Updated On: 09 Dec 2024 | 9:26 AM IST

Blacklists to bans: Why countries think Chinese firms are a security risk

Nations are increasingly imposing restrictions on Chinese companies like DJI, Hesai, and TikTok due to perceived threats related to privacy, security, and trade competition

Updated On: 24 Oct 2024 | 3:51 PM IST

US sanctions Chinese firms for manufacturing Russian drones against Ukraine

Senior administration official stated that the US has previously warned Beijing about the network, countering Chinese claims that they are unaware of its existence

Updated On: 18 Oct 2024 | 2:59 PM IST

Uniqlo owner seen posting 24% annual profit rise on brand's overseas push

That's marginally higher than the company's 475 billion yen forecast, which it lifted in July citing a strong performance in the second half

Updated On: 09 Oct 2024 | 8:52 AM IST

Govt to limit Chinese CCTV use, boost local suppliers post-Lebanon crisis

The government's updated policy on surveillance cameras, expected to be implemented on October 8, will likely push Chinese companies out of the market, giving Indian firms an advantage

Updated On: 01 Oct 2024 | 10:04 AM IST

China warns carmakers of risks of making overseas investment: Report

It also encouraged carmakers to use overseas factories for final vehicle assembly with knock-down components exported from China to mitigate potential risks stemming from geopolitical issues

Updated On: 12 Sep 2024 | 6:48 PM IST

China's Xi boosts Africa financing by $51 billion, offers a million jobs

China and Africa account for one-third of the world population, without our modernisation, there will be no global modernisation, Xi said

Updated On: 05 Sep 2024 | 5:13 PM IST

Philippine officials detain over 160 for suspected cybercrime operation

Philippine authorities raided a suspected illegal online gaming and cyberscam complex in a central province and took into custody more than 160 people mostly Chinese and Indonesians who were committing internet-based crimes, officials said Sunday. The raid on Saturday by more than 100 government agents, backed by military intelligence, on a resort compound in Lapu-Lapu city was part of an ongoing crackdown after President Ferdinand Marcos Jr ordered a ban in July on widespread and mostly Chinese-run online gaming operations that cater mostly to clients in China, where illegal gambling is banned. Marcos said then that the massive illegal gambling operations have ignored Philippine laws with largescale violations of regulations and also committed other crimes, including financial scams, human trafficking, torture, kidnappings and murder. The raid at the Tourist Garden Resort, which has 10 buildings with swimming pools, karaoke bars and restaurants, came after the Indonesian Embass

Updated On: 01 Sep 2024 | 12:57 PM IST

NYSE, Nasdaq increase scrutiny of Chinese firms amid volatility concerns

Investment bankers, lawyers and professional services companies on the matter said that the Nasdaq had been focusing on the identity and background of investors

Updated On: 15 Aug 2024 | 11:11 PM IST

Chinese ecommerce giant JD.com beats estimates for quarterly profit

US-listed shares of the company rose 2.6% in premarket trading.

Updated On: 15 Aug 2024 | 4:24 PM IST

Chinese firms stockpile high-end Samsung chips as they await new US curbs

The companies have ramped up their buying of the artificial intelligence (AI) capable semiconductors since early this year, helping China account for about 30 per cent of Samsung's HBM chip revenue

Updated On: 06 Aug 2024 | 12:00 PM IST

Uber partners with BYD to put its drivers into Chinese firm's 100,000 EVs

The pairing up cuts against increasing tensions between Washington, Beijing over future of automotive industry as China has lead in batteries and EV supply chain, and US has tried to push against it

Updated On: 31 Jul 2024 | 7:50 PM IST