China · Business
Same event, multiple sources, transparently cited.
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South Korea’s KOSPI Index Tops 9000 Points for First Time, Market Cap Exceeds 80 Trillion Won
South Korea’s KOSPI index broke 9000 points on June 18, 2026, closing at 9063.84 amid strong chipmaker gains and foreign buying.
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More than 100 million Chinese consumers face rising bad debt burden, weighing on economic recovery
Over 100 million Chinese consumers struggle with bad debt exceeding 2 trillion yuan, dragging down retail sales and loan growth.
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Chinese automakers target wealthy consumers in right-hand-drive markets at Hong Kong auto show
Chinese automakers showcased new luxury EVs and strategies for right-hand-drive markets at the Hong Kong auto show on June 18, 2026.
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China to enact legal measures against unilateral sanctions targeting its financial sector
China will introduce legal provisions to block and counter extraterritorial sanctions, Vice Premier He Lifeng said June 17 at the Lujiazui Forum.
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US Gasoline Prices Fall Below $4 per Gallon for First Time Since March
The US nationwide average gasoline price dropped below $4 per gallon on June 17, 2026, amid easing Middle East tensions.
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EU leaders agree on stronger trade defenses to address €360 billion China deficit
EU leaders agreed at a Brussels summit to strengthen trade defenses against China amid a growing €360 billion annual trade deficit.
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Microsoft expands AI model sales to Chinese firms despite US-China rivalry
Microsoft has grown its AI model sales business with major Chinese tech firms, including ByteDance, amid US-China tensions.
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Lululemon apologizes for Japanese drum use at Great Wall yoga festival in China
Lululemon apologized for using a Japanese taiko drum at a Great Wall yoga event in China after social media backlash.
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US and Iran Agree on Peace Text as SpaceX IPO Spurs Stock Rally
US and Iran reached consensus on a peace deal and expect to sign soon, while SpaceX’s IPO ignited a major stock market rally June 12.
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SpaceX revealed $890M Tesla purchases including Cybertrucks and Megapacks in IPO filing
SpaceX and its affiliate xAI disclosed $890 million in Tesla purchases since 2023, including Cybertrucks and energy storage Megapacks.
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China to Launch Yuan Bond Futures in Hong Kong and Expand Shanghai Yuan Trading Facilities
China will start trading yuan-denominated five-year treasury bond futures in Hong Kong on August 3 and expand yuan offshore trading in Shanghai to boost yuan internationalisation.
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China’s central bank signals shift to overnight policy rate from seven-day repo
The People’s Bank of China signaled a shift toward using the overnight policy rate, adjusting repo operations and narrowing the interest rate corridor.
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BHV Marais to end Shein partnership by Christmas after ownership change
Paris department store BHV Marais will end its Shein store partnership by Christmas 2026 following a sale to new executives and backlash over fast fashion.
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China signs 26 financial institutions to digital yuan cross-border payment platform
China’s digital yuan operation centre signed agreements with 26 financial institutions to join its cross-border payment platform on June 16, 2026.
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BMW Cuts 2026 Profit Forecast, Cites China Slowdown and Middle East Conflict
BMW lowered its 2026 operating margin and profit outlook due to weak demand in China and impacts from the Middle East conflict.
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Ukraine launches large drone attacks on Moscow and Crimea amid Russian fuel shortages
Ukraine conducted large-scale drone attacks on Moscow and Crimea in June 2026, damaging Russian refineries and worsening fuel shortages.
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OpenAI spent $34B in 2025 with $13B revenue, files confidential IPO in June 2026
OpenAI reported $34 billion in expenses and $13 billion revenue for 2025 and confidentially submitted an IPO filing in June 2026.
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US delays blacklisting of over 100 Chinese firms including DeepSeek and CXMT
The US government has postponed adding DeepSeek, CXMT, and over 100 Chinese firms to the Commerce Department’s Entity List over national security concerns.
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China's May 2026 retail sales fall 0.6%, first drop since 2022 amid weak auto demand
China’s retail sales declined 0.6% year-on-year in May 2026, the first drop since December 2022, driven by falling auto sales and fading subsidy effects.
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China Implements Mining Controls on Strategic Minerals Starting June 15, 2026
China began enforcing new mining controls on strategic minerals on June 15 to secure supply and protect resources.
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Italy's antitrust regulator opens probe into Apple over cloud service interoperability under EU law
Italy's competition authority opened an investigation into Apple for possible breaches of the EU Digital Markets Act on June 16.
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US Supreme Court Upholds Trump-Era Tariffs on $370 Billion of Chinese Imports
The US Supreme Court declined to hear an appeal, upholding tariffs on $370 billion of Chinese goods imposed during Trump’s administration.
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Yum Brands sells Pizza Hut for $2.7 billion in split deal with LongRange Capital and Yum China
Yum Brands announced it will sell Pizza Hut for $2.7 billion, splitting China and global businesses between Yum China and LongRange Capital.
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IEA urges unconditional reopening of Strait of Hormuz to end global energy crisis
The International Energy Agency called for the full reopening of the Strait of Hormuz to shipping, key to resolving oil supply disruptions.