China · Business
Same event, multiple sources, transparently cited.
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Toyota global sales fall for third month in April amid Middle East conflict
Toyota Motor reported a third consecutive month of global sales declines in April, citing disruptions tied to the Middle East conflict.
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Taiwan Revises 2026 GDP Growth to 9.64% Amid Tech Sector Debt Surge
Taiwan’s government raised its 2026 GDP growth forecast to 9.64% as tech firms raised a record US$14.5 billion in debt financing.
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EU fines Chinese e-commerce platform Temu €200 million over illegal product sales
The European Union fined Chinese online retailer Temu €200 million for allowing unsafe products to be sold on its platform.
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EU Plans Broader Trade Defence Measures to Address China Trade Imbalance
The EU is set to expand trade defence tools targeting Chinese imports to protect key industries and tackle a daily 1 billion euro trade deficit.
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Global Carmakers Lose Ground to Chinese EV Industry Amid Rising Competition
US, European, and Japanese carmakers face sharp market share losses and innovation challenges against China's growing EV sector.
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Hong Kong surpasses Switzerland as top global hub for cross-border wealth in 2025
Hong Kong overtook Switzerland in 2025 as the largest global centre for cross-border wealth bookings, reaching nearly US$3 trillion.
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Japan approves 513.5 billion yen subsidy for electricity and gas bills from July to September 2026
Japan's government approved about 513.5 billion yen to subsidize household electricity and gas bills for three months amid rising energy costs.
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China's industrial profits climb 24.7% in April, fastest growth since November 2023
China's industrial profits rose 24.7% year-on-year in April 2026, marking the fastest pace since November 2023, driven by export growth and high-tech sectors.
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Nvidia pledges up to $150 billion annually in Taiwan, calls it AI revolution hub
Nvidia CEO Jensen Huang announced plans to invest $150 billion per year in Taiwan, expanding operations and workforce there.
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US to Seek Public Input on Tariff Cuts for $30 Billion of Chinese Goods
US Trade Representative Jamieson Greer announced plans to gather public comment on tariff reductions for $30 billion in Chinese non-strategic products.
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SpaceX lowers IPO valuation target to $1.8 trillion ahead of June debut
SpaceX set a $1.8 trillion IPO valuation target, down from over $2 trillion, ahead of its expected June 11-12 Nasdaq debut.
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Volvo Cars receives US Commerce approval to keep selling connected vehicles despite Chinese ownership
Volvo Cars won US Department of Commerce authorization to continue importing and selling connected vehicles amid restrictions on Chinese technology.
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ECB Officials Expect 0.25% Rate Hike in June Amid Rising Inflation and Middle East Conflict
European Central Bank officials widely expect a 0.25 percentage point interest rate increase at the June 10-11 meeting to address rising inflation and economic risks.
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Japan becomes world's third largest creditor nation behind Germany and China in 2025
Japan's net external assets reached a record ¥561.8 trillion in 2025, placing it third behind Germany and China.
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Taiwan's drone exports jump nearly 20-fold to 181,159 units in early 2026
Taiwan exported 181,159 drones from January to April 2026, almost 20 times more than the same period in 2025, driven largely by shipments to Europe for Ukraine support.
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Taiwan's stock market value surpasses India's, led by TSMC rally
Taiwan's stock market cap reached US$4.95 trillion on May 25, overtaking India's US$4.92 trillion, driven by strong gains in TSMC shares.
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Starbucks Korea apologizes after 'Tank Day' promotion triggers boycott over Gwangju Uprising anniversary
Starbucks Korea faced nationwide boycott and fired its CEO after a controversial 'Tank Day' promotion coincided with the Gwangju Uprising anniversary.
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EU to Fine Google Hundreds of Millions for Antitrust Breach Under DMA
The European Union plans to fine Alphabet's Google a high triple-digit million euro amount for violating the Digital Markets Act.
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China’s April 2026 Economy Shows Divergent Growth in Industry and Consumer Spending
China’s economy in April 2026 grew sharply in industry and exports while retail sales rose slowly, continuing a K-shaped recovery pattern.
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China's crackdown on cross-border trading threatens HK$250 billion in Hong Kong assets
China's May 22 crackdown on illegal cross-border stock trading targets up to HK$250 billion in Hong Kong assets, impacting major brokerages including Futu Holdings and Tiger Brokers.
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Taiwan urges asset management industry to scale up to compete regionally
Taiwan's Financial Supervisory Commission calls for larger asset management firms to boost $630 billion industry competitiveness.
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South Korea to launch first single-stock 2x leveraged ETFs on Samsung and SK Hynix
South Korea will debut its first 2x leveraged ETFs tracking Samsung Electronics and SK Hynix stocks on May 27.
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Middle East oil and LNG tankers exit Strait of Hormuz amid US-Iran conflict
Several oil and LNG tankers left the Strait of Hormuz this week, resuming limited shipments amid ongoing US-Iran tensions.
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China’s new yuan loans contract in April amid weak demand and seasonal slowdown
Chinese banks’ new yuan loans fell by 10 billion yuan in April 2026, the first monthly decline since July 2025, due to weak demand and seasonal slowdown.