10 injured after 5.5-magnitude earthquake strikes east China’s Shandong

Representative image by Shutterstock A 5.5-magnitude earthquake jolted Pingyuan County of Dezhou City in Shandong Province at 2 A shallow earthquake resulted in injuries to at least 10 people and the collapse of numerous buildings, CGTN reported citing a report by the US Geological Survey (USGS). The quake was centred 26 kilometres… Continue reading 10 injured after 5.5-magnitude earthquake strikes east China’s Shandong

China’s manufacturing contracts in July dragging down Asia factories

By Bloomberg News China’s manufacturing contracted in July, rippling through factories across Asia and signaling any turnaround in the region could still be far off.   The Caixin manufacturing purchasing managers index declined to a six-month low of 49.2 in July from 50.5 in June, below the key 50 level that marks… Continue reading China’s manufacturing contracts in July dragging down Asia factories

US, Europe growing alarmed by China’s rush into legacy semiconductors

By Jenny Leonard, Ian King and Alberto Nardelli US and European officials are growing increasingly concerned about China’s accelerated push into the production of older-generation semiconductors and are debating new strategies to contain the country’s expansion.   President Joe Biden implemented broad controls over China’s ability to secure the kind of advanced… Continue reading US, Europe growing alarmed by China’s rush into legacy semiconductors

China’s He Lifeng arrives in Pak to celebrate 10th anniversary of CPEC

Chinese Vice Premier He Lifeng on Sunday arrived here to attend a ceremony marking 10 years of the ambitious multi-billion dollar China-Pakistan Economic Corridor (CPEC) project. He, who is a member of the Politburo of the Central Committee of the Communist Party of China, during his visit from July 30 to August 1… Continue reading China’s He Lifeng arrives in Pak to celebrate 10th anniversary of CPEC