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Tag: China

Alibaba considers selling shares to Ant as probe ends
News Tech

Alibaba considers selling shares to Ant as probe ends

Alibaba Group Holding Ltd. is considering selling shares to Ant Group Company as part of the fintech company’s planned buyback. This follows the conclusion of a nearly three-year investigation by financial regulators into the financial technology business. In a stock exchange statement in Hong Kong, Alibaba, which owns nearly a third of Ant, stated that […]

China launches first open-source computer operating system
News Tech

China launches first open-source computer operating system

China has launched OpenKylin, its first domestic open-source desktop operating system, as the country intensifies attempts to reduce its reliance on American technology. China’s version of the open-source Linux operating system, which was made available on Wednesday and is based on the current version, was created by a group of about 4,000 developers and is […]

China visits Nigeria, seeks improved bilateral relations
Business

China visits Nigeria, seeks improved bilateral relations

In order to improve bilateral ties between both countries, the Chinese Navy Escort Task Group 162 which is made up of the MSL Destroyer NANNING, MSL Frigate SANYA, and Supply Ship WEISHANHU visited Nigeria on Sunday. According to the News Agency of Nigeria, the Chinese Ambassador to Nigeria,  Mr. Chi Jian Chun, said the visitation of the […]

Tinubu, Dangote, Elumelu, Otedola, 35 others to attend business summit in Indian
Business

India to overtake China as Nigeria’s top trading partner – Report

In the coming decade, India is expected to overtake China as Nigeria’s top trading partner, according to a report by Standard Chartered and its partners. Nairametrics reported that the “Future of Trade 2030- Trends and Markets to Watch” research noted that Nigeria’s fastest and largest export corridor will be India, with exports anticipated to rise […]

Why China plans to raise international student fees - Report
News

Why China plans to raise international student fees – Report

The Chinese government has plans to boost international student costs in China to match those of well-known study-abroad countries like the US and UK, according to reports. Nairametrics reported that President Xi recently emphasized the necessity for increased investment in China’s higher education system, which is why he made this suggestion. The Beijing Institute of […]

New Zealand PM Hikpins to visit China
News

New Zealand PM Hikpins to visit China

      New Zealand Prime Minister Chris Hipkins said on Monday that he will lead a trade team to China at the end of this month. Hipkins told a weekly media conference that the New Zealand team would include leaders from a variety of industries, including dairy, tourism, education, and gaming. “Today I can […]

US, EU forge alliance to address China's export control
News

US, EU forge alliance to address China’s export control

In a significant move to address mounting concerns about China’s non-market practices, Washington and the European Union are set to announce their commitment to joint action and coordinated export controls. The draft statement, providing a glimpse into the upcoming EU-U.S. Trade and Technology Council meeting, reveals a strategic alliance aimed at tackling economic coercion and […]

Chinese economy grows beyond predictions - Report
Economy

Chinese economy grows beyond predictions – Report

After the end of the pandemic curbs, recent economic figures indicate that China, the second-largest economy in the world is definitely on a recovery route. According to Aljazeera, in the first quarter of 2023, China’s economy expanded by 4.5 percent year over year, indicating that the country’s rebound from Beijing’s rigorous “zero-COVID” measures has begun. The […]

The Black, Red and Yellow Germany's National flag
Business

Germany to help mineral-rich countries with processing infrastructure

The Chancellor of Germany,  Olaf Scholz announced on Sunday that Germany aims to help mineral-rich countries such as Chile, Indonesia, and Namibia in establishing their processing infrastructure to decrease their dependence on China. Reuters reported that Berlin is seeking to balance its relationship with China and decrease reliance on China for crucial inputs such as […]

China's National Flag
Business

China’s home prices hit highest in March 

An official data released on Saturday showed that new home prices in China rose at the fastest pace in 21 months in March, indicating that the housing market is picking up due to a series of supportive policies. However, there is some uncertainty about the sustainability of this growth momentum. According to Reuters’ calculations based […]

Minister of Economy, Trade and Industry of Japan
Business featured

G7 to finance climate action in developing countries 

Japan’s economy and trade minister, Yasutoshi Nishimura, on Saturday stated that members of the G7 must take action to help emerging countries reduce emissions, including financing decarbonisation in “hard-to-abate” industries. Reuters reported that the G7 ministers are meeting in Sapporo on Saturday and Sunday for climate and energy talks. Meanwhile, Nishimura emphasized that it is […]

China
Business

China’s exports hits unexpected inrease first time in six months

China’s exports saw an unexpected increase in March, rising 14.8% from that of 2022 after close to six months of declines. This surprised economists who had predicted a 7.0% fall. According to Reuters, officials attributed the rise to increased demand for electric vehicles, solar products, and lithium batteries. However, analysts caution that the jump may […]

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