China · Business
Same event, multiple sources, transparently cited.
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China and New Zealand hold 34th bilateral trade commission meeting in Beijing
China and New Zealand held their 34th bilateral trade commission meeting on June 5, 2026, focusing on deepening economic ties and advancing trade negotiations.
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China issues guidelines to reform home sales system and curb delivery risks
China announced new rules requiring local governments to shift housing sales to completed units to reduce delivery risks and protect buyers.
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China’s largest banks report first-half profit growth amid easing margin pressure
ICBC and China’s top banks posted 3-5% profit growth in H1 2026 as net interest margins improved slightly amid lower funding costs.
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Nvidia pauses part of AI cloud financing plan and pursues $13B acquisition of Hugging Face
Nvidia paused part of its AI cloud revenue-sharing financing amid partner concerns, while advancing talks to acquire AI platform Hugging Face for nearly $13 billion.
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China's May 2026 crude oil imports hit decade low amid weak demand
China's crude oil imports dropped to 6.7 million barrels per day in May 2026, the lowest level in a decade due to weak demand and refinery cutbacks.
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China allows some banks to offer higher interest rates on US dollar deposits
China has permitted certain banks, including state-backed lenders, to exceed the US SOFR on corporate US dollar deposits.
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Hong Kong home prices fall 0.5% in July, ending 13-month growth streak
Hong Kong private home prices dropped about 0.46-0.5% in July 2026, ending a 13-month run of gains amid slumping sales and cautious buyers.
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Nvidia forecasts 70% revenue growth for fiscal 2028 amid strong AI demand
Nvidia projected 70% revenue growth for fiscal 2028, reporting $96.2 billion quarterly revenue and doubled data center sales in Q2 2026.
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China's Industrial Profit Growth Slows to Seven-Month Low in July 2026
China's industrial firms reported 11.2% profit growth in July, marking their slowest pace in seven months amid weakening demand and rising costs.
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Bank of Korea raises benchmark rate to 3% for second time amid inflation and growth
The Bank of Korea raised its benchmark interest rate by 25 basis points to 3.00%, marking a second consecutive hike amid rising inflation and strong economic growth.
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Hebei traders illegally used formaldehyde to preserve Chinese cabbages, authorities investigate
Vegetable traders in Kangbao County, Hebei, illegally dipped Chinese cabbages in formaldehyde, sparking a food safety probe and market bans across China.
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US to impose 7.5% excess capacity tariffs on Chinese goods ahead of Xi-Trump summit
The US plans a 7.5% tariff on Chinese goods over excess capacity before the September 24 summit between Presidents Xi Jinping and Donald Trump.
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SoftBank plans record ¥1 trillion retail bond to fund OpenAI investment
SoftBank Group will issue ¥1 trillion in retail bonds to finance its AI investments including OpenAI funding.
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South Korean SK Gas pays record $5.3M for Panama Canal transit slot
South Korea's SK Gas Ltd paid a record $5.3 million to secure a Panama Canal transit slot on September 1 for its LPG tanker G Spirit.
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Fire at Russian Amur Gas Complex kills 7, including six Chinese workers
A fire on August 25 at the Amur Gas Chemical Complex in Russia killed seven, injured 152, and left nine Chinese workers missing.
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Anthropic estimates $30 trillion market, plans IPO after US Labor Day 2026
Anthropic forecasts a $30 trillion total addressable market and plans to file its IPO prospectus shortly after September 7, 2026.
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US Consumer Confidence Drops to Seven-Month Low in August Amid Gas Price Surge
The US consumer confidence index fell to 89.4 in August 2026, its lowest since January, as high gas prices and economic uncertainty weighed on outlooks.
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IMF Chief Warns of Rising Fiscal Risks Amid Global Economy's Energy Shock Resilience
IMF Managing Director Kristalina Georgieva urged governments to tackle fiscal risks and called on central banks to focus on price stability amid energy shock resilience.
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Zhongji Innolight Tops CSI 300 Index as Largest Stock on AI Demand Surge
Chinese optical transceiver maker Zhongji Innolight became the top-weighted stock on the CSI 300 Index with a 5.0-5.3% weighting amid rising AI data center demand.
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Indonesia’s nickel supply set for deficit amid policy shifts and investor caution
Indonesia’s rising policy uncertainty and Iran war disruptions push global nickel market toward first deficit in five years.
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EU and China hold talks to ease escalating trade tensions at OECD meeting
EU trade chief Maros Sefcovic met China’s trade envoy Li Chenggang Thursday to discuss trade and investment issues amid rising tensions.
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South Korea’s Kospi Falls 5.5% Amid $10 Billion Foreign Sell-Off Despite AI Chip Boom
South Korea’s Kospi dropped 5.5% on June 4 after foreign investors sold $10 billion in shares during a week of heavy selling amid rising semiconductor exports.
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Taiwan indicts nine over illegal export of high-end AI servers to China
Taiwan prosecutors indicted nine people, including Nvidia and Super Micro employees, for illegally exporting AI servers to China.
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Goldman Sachs warns AI reliance may dull reasoning skills in young bankers
Goldman Sachs partner Chris Churchman warned that heavy AI use threatens cognitive decline and weakens training for junior bankers and traders on Wall Street.