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European Commission Raids Temu's Dublin Office Over Alleged State Aid

European Commission Raids Temu's Dublin Office Over Alleged State Aid

The European Commission has conducted a raid on the European headquarters of Temu, a Chinese e-commerce platform, located in Dublin. This action is part of an investigation into allegations that Temu receives state aid from Beijing, which allows it to offer products at significantly reduced prices. Such financial support is believed to create unfair competition for other online retailers. The EU regulation that permits these inspections was introduced in 2023, aiming to prevent market distortions caused by state subsidies. Additionally, the European Commission has raised concerns about Temu's practices, including the use of games and discounts to attract customers, and its insufficient efforts to combat illegal products on its platform. The investigation is ongoing, and Temu has not yet responded to the raid.

Exclusive-Taiwan's deputy foreign minister made secret trip to Israel, sources say

Exclusive-Taiwan's deputy foreign minister made secret trip to Israel, sources say

TAIPEI/JERUSALEM, Dec 11 (Reuters) - Taiwan's high-profile Deputy Foreign Minister Francois Wu made a previously unpublicised visit to Israel recently, three sources familiar with the trip told Reuters, at a time when Taiwan is looking to the country for defence cooperation.

Ford suppliers receive China's new streamlined rare-earth licences

Ford suppliers receive China's new streamlined rare-earth licences

By Lewis Jackson and Nora Eckert Dec 10 - Chinese rare-earth magnet suppliers to U.S. automaker Ford Motor were included in the first batch of new export licences issued by Beijing to boost shipments and reduce shortages of the vital components, the carmaker said on Wednesday.

IMF's Georgieva Calls for China to Reduce Export Reliance to Avoid Global Trade Tensions

IMF's Georgieva Calls for China to Reduce Export Reliance to Avoid Global Trade Tensions

International Monetary Fund (IMF) Managing Director Kristalina Georgieva has urged China to accelerate its shift from an export-driven growth model to one that relies more on domestic consumption. Speaking in Beijing, Georgieva emphasized that as the world's second-largest economy, China's continued dependence on exports could exacerbate global trade tensions. She highlighted the need for China to implement its long-standing plan to boost domestic consumption, which would benefit both China and the global economy. The IMF has also raised its forecast for China's economic growth next year to 4.5%, citing domestic stimulus and lower-than-expected tariffs. Georgieva's comments come amid heightened trade tensions between China and the U.S., as well as concerns from Europe and Mexico over the influx of Chinese goods.

Analysis-How China Inc is marching into Vietnam amid US tariffs

Analysis-How China Inc is marching into Vietnam amid US tariffs

By Francesco Guarascio HANOI, Dec 10 (Reuters) - Chinese firms are expanding in Vietnam, leading investment inflows and sending record shipments to Hanoi in defiance of U.S. calls for decoupling, as the Communist neighbours beef up ties.

China Urges Dutch Government to Facilitate Nexperia Talks Amid Supply Chain Disruptions

China Urges Dutch Government to Facilitate Nexperia Talks Amid Supply Chain Disruptions

China has called on the Dutch government to encourage Nexperia, a Netherlands-based chipmaker, to send a delegation to China. This request comes amid ongoing tensions between Nexperia and its Chinese parent company, Wingtech, which have led to disruptions in the global automotive supply chain. The conflict began when the Dutch government took control of Nexperia in September, prompting Beijing to halt exports of Nexperia's products, causing chip shortages for automakers worldwide. Although both governments eased their measures last month, legal battles and internal disputes over Nexperia's control persist. China is urging the Netherlands to support negotiations and facilitate Nexperia's participation in talks to resolve these issues.

Yingke Law Firm Wins IDC Award for Digital Intelligence Transformation

Yingke Law Firm Wins IDC Award for Digital Intelligence Transformation

Yingke Law Firm, a global legal service provider headquartered in Beijing, has been recognized at the IDC China Future Enterprise Awards 2025 for its 'YingFaBao AI Legal Space Station' project. This accolade highlights Yingke's efforts in digital transformation, integrating AI and digital intelligence into its legal services. The firm, which has a presence in 199 cities across 104 countries, is focused on creating a 'Yingke Global One-Hour Legal Service Ecosystem'. This initiative aims to enhance global legal service delivery through digitalization and AI, supported by China Entercom's ICT solutions.

Beijing Court Orders Malaysia Airlines to Compensate MH370 Victims' Families

Beijing Court Orders Malaysia Airlines to Compensate MH370 Victims' Families

A Beijing court has mandated Malaysia Airlines to pay 2.9 million yuan ($410,000) to each of the families of eight passengers who disappeared on Flight MH370. The court's decision includes compensation for the death of the passengers, funeral expenses, and emotional distress damages. Flight MH370 vanished in 2014 while en route from Kuala Lumpur to Beijing, carrying 239 passengers and crew. Despite extensive searches, the fate of the aircraft and its passengers remains unknown, though they have been declared legally dead. The majority of the passengers were Chinese nationals, and their families have persistently sought answers. The court also noted that 23 additional cases are still pending, while 47 families have settled with the airline and withdrawn their lawsuits. The Malaysian government recently announced that a new search for the missing plane will commence on December 30.

Beijing court orders Malaysian Airlines to pay damages to families of MH370 victims

Beijing court orders Malaysian Airlines to pay damages to families of MH370 victims

A Beijing court has ruled that Malaysian Airlines must pay $410,000 each to the families of eight passengers who went missing in the mysterious disappearance of flight MH370 more than a decade ago

Beijing Urges Berlin and European Auto Groups to Address Nexperia Chip Disputes

Beijing Urges Berlin and European Auto Groups to Address Nexperia Chip Disputes

Beijing is pressing Berlin and European auto trade groups to help resolve ongoing disputes involving Nexperia, a semiconductor company with significant operations in China. Nexperia has raised concerns about its China subsidiary's compliance with operating instructions, despite Beijing's recent relaxation of chip export controls. The situation highlights the complexities of international trade and the challenges faced by companies operating across different regulatory environments. The resolution of these disputes is crucial for maintaining the stability of the semiconductor supply chain, which is vital for the automotive industry.

Chinese Premier Highlights Impact of US Tariffs Amid Surging Trade Surplus

Chinese Premier Highlights Impact of US Tariffs Amid Surging Trade Surplus

Chinese Premier Li Qiang has highlighted the negative impact of higher tariffs on the global economy, despite China's trade surplus surpassing $1 trillion. Speaking at a forum in Beijing, Li noted that the tariffs, which have been implemented by various countries, have significantly harmed global economic activity. Although Chinese exports to the United States have decreased, this has been offset by increased exports to other markets. The trade surplus has been bolstered by a 5.9% rise in exports from the previous year. The remarks come as China continues to focus on strengthening its domestic economy and technological advancements, with the Central Economic Work Conference outlining plans for the country's economic strategy through 2030.

China's CSRC Urges Brokerages to Enhance Global Financial Competitiveness

China's CSRC Urges Brokerages to Enhance Global Financial Competitiveness

The China Securities Regulatory Commission (CSRC) is pushing the country's brokerage industry to accelerate the development of top-tier investment banks capable of competing globally. This initiative is part of China's broader strategy to become a global financial powerhouse and achieve technological self-reliance. CSRC Chairman Wu Qing emphasized the need for securities companies to support Beijing's tech self-reliance strategy by facilitating fundraising and mergers in sectors like artificial intelligence, biopharmaceuticals, and green energy. The CSRC plans to ease restrictions on large, high-quality securities firms, allowing them greater access to leverage and capital, while applying different criteria to smaller and foreign-invested firms.