VinFast share plunge hits China's VW-backed battery partner Gotion
HONG KONG -- Gotion High-tech, a major Chinese electric vehicle battery supplier, is taking a beating from the falling share price of Nasdaq-listed Vietnamese EV maker VinFast Auto.
Nikkei Asia chief business news correspondent in asian news
Sanctioned Chinese security camera maker Dahua divests from U.S.
HONG KONG -- Zhejiang Dahua Technology, a major Chinese surveillance camera manufacturer, has sold its fully owned subsidiary in the U.S., virtually divesting from the country after it was slapped with a series of sanctions over the years.
Hong Kong embraces Xi's 'holistic' security dogma on education day
HONG KONG -- Hong Kong Chief Executive John Lee emphasized the significance of a "holistic approach to national security" on Monday, a sign of the government's strengthening embrace of President Xi Jinping's doctrine.
China's foreign auto joint ventures lose luster under EV onslaught
HONG KONG -- For years, Chinese state-owned automakers could count on joint ventures with major foreign brands as a magic fuel for profit. But the latest earnings suggest those days may be ending, as newer solo players like BYD have ridden a wave of electrification in the world's largest auto market, while foreign marques have lagged behind.
China counters closer U.S.-Japan-Philippines ties with diplomatic flurry
HONG KONG -- While U.S. President Joe Biden invited leaders from Japan and the Philippines to the White House this week to enhance regional alliances, China was busy tightening its own ties with key partners on the other side of the globe.
Big three Chinese airlines extend losing streak as rivals rise after COVID
HONG KONG -- China's big three state-owned airlines are lagging behind as domestic and Asian competitors dramatically improve their bottom lines following the end of COVID-19 travel restrictions.
PetroChina does business as usual with Russia
HONG KONG -- Chinese state-owned energy groups continue to buy crude oil and natural gas from Russia, executives said this week, even as Western countries impose sanctions meant to cut off Moscow's funding for its war on Ukraine.
Hong Kong's Article 23 security law takes effect: 5 things to know
HONG KONG -- A sweeping new national security law comes into force in Hong Kong on Saturday, after zipping through the local legislature.