China · Business
Same event, multiple sources, transparently cited.
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China's May 2026 exports jump 19% led by AI hardware despite Middle East tensions
China's exports surged 19%-19.4% year-on-year in May 2026, driven by booming AI and semiconductor demand amid Middle East conflict.
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Elon Musk unveils SpaceX’s AI1 satellite and plans one million AI data center satellites
Elon Musk revealed detailed designs of SpaceX’s AI1 satellite and outlined plans to build one million AI data center satellites.
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GSK agrees to acquire US cancer biotech Nuvalent for $10.6 billion
GSK announced it will acquire Nuvalent, a US cancer biotech, for about $10.6 billion at a 40% premium.
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US adds Alibaba, BYD, Baidu and other Chinese tech firms to military blacklist
The US Department of Defense updated its blacklist on June 8, designating 80 Chinese companies including Alibaba, BYD, and Baidu as military-linked firms operating in the US.
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Prada unveils NASA astronaut inner-layer ventilation garment for moon missions
On June 7, 2026, Prada revealed a new astronaut inner-layer garment made with Axiom Space for NASA's upcoming moon missions.
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China's passenger car sales fall 22% in May, eighth month of decline
China's passenger car sales dropped about 22.2% year-on-year in May 2026, marking eight consecutive months of declines amid weak domestic demand.
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China tightens private fund oversight as South Korea acts to stabilize won
China strengthened rules on its private fund industry while South Korea launched measures to curb won’s decline amid market concerns.
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EU plans rules to cut reliance on China in key supply chains
The European Commission proposes laws requiring companies to diversify suppliers, targeting sectors dependent on China.
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China bans new cross-border brokerage trades for mainland clients starting June 12, 2026
Chinese authorities will halt new buying and fund inflows for Tiger Brokers, Futu, and Longbridge starting June 12 amid a crackdown on illegal cross-border securities firms.
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Banks move to seize Hong Kong’s Sheraton hotel after Shimao loan default
A group of banks are preparing to take control of a Sheraton hotel near Hong Kong airport after Shimao Group defaulted on a HK$4.5 billion loan.
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Jollibee weighs Hong Kong listing for international business instead of US
Jollibee Foods Corp. is considering shifting its planned spinoff and listing of its international business from the US to Hong Kong by end of 2027.
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SpaceX blocks China and Hong Kong investors from $75 billion US IPO access
SpaceX has restricted website access and blocked Chinese and Hong Kong investors from participating in its planned $75 billion IPO amid regulatory concerns.
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South Korea's Labor Minister Urges Tech Giants to Share AI Profits with Suppliers and Workers
Labor Minister Kim Young-hoon urged Samsung, SK Hynix and other tech firms today to share AI-driven excess profits with suppliers and workers after taxes.
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Broadcom Earnings Miss Sparks Global Semiconductor Sell-Off, Asian Markets Tumble
Broadcom’s weak Q2 earnings on June 4 triggered a global semiconductor sell-off as Asian markets including South Korea and Taiwan plunged on June 5.
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AI Stock Rally Cools as US and Asian Tech Shares Slide Amid Broadcom Earnings Miss
US and Asian tech shares declined on June 5, dragging Nasdaq futures lower amid cooling AI enthusiasm after Broadcom’s weak revenue forecast.
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China launches two-month crackdown on harmful content in micro-drama industry
China’s National Radio and Television Administration began a nationwide campaign on June 1 targeting harmful content in micro dramas.
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Hong Kong banks restrict account openings for mainland clients amid Beijing crackdown
Some Hong Kong banks have suspended account openings for mainland Chinese clients to curb illegal cross-border trading, triggering share declines in major financial firms.
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Bank of Japan seen likely to raise interest rates by 25 basis points in June 2026
The Bank of Japan is expected to hike its policy rate from 0.75% to 1.0% at its June 15-16 meeting, the first increase since December 2025.
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Private banks delay China events and restrict travel amid stricter cross-border investment rules
Private banks postpone China events and limit staff travel as Beijing and Hong Kong regulators intensify cross-border investment scrutiny.
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China overtakes Japan as largest passenger car supplier to Australia in April 2026
China surpassed Japan to become Australia’s top passenger car supplier in April 2026 with nearly 36,000 cars imported.
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China and South Korea agree to increase weekly flights for first time since 2019
China and South Korea agreed to raise weekly passenger flights from 608 to 664 and freight flights from 54 to 68 during talks in Seoul on May 27-28, 2026.
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Nvidia CEO Jensen Huang names robotics South Korea's next major sector during Seoul visit
Nvidia CEO Jensen Huang said June 5 that robotics will be South Korea's next big industry, citing its strong manufacturing and AI base.
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NVIDIA CEO Jensen Huang's South Korea visit sparks surge in LG and Samsung stocks
NVIDIA CEO Jensen Huang’s visit to South Korea this week boosted Korean tech stocks, with LG Electronics and Samsung shares hitting record highs.
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Chinese mainland investors sell HK$3.6 billion of Hong Kong stocks in May amid AI shift
Mainland Chinese investors became net sellers of Hong Kong stocks in May 2026 for the first time in nearly three years, selling HK$3.6 billion amid a shift to mainland AI shares.