China · Business
Same event, multiple sources, transparently cited.
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US plans 7.5% tariff on Chinese goods ahead of Trump-Xi September summit
The US is considering a 7.5% tariff on Chinese imports over manufacturing overcapacity before the Trump-Xi summit on September 24, 2026.
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Hebei's Kangbao county cabbages found dipped in formaldehyde, authorities launch probe
Authorities in Hebei's Kangbao county confirmed cabbages were illegally treated with formaldehyde and launched investigations after exposure by a blogger on August 22, 2026.
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Trump bought SpaceX shares days after its record IPO, disclosure shows
President Donald Trump purchased between $15,001 and $50,000 in SpaceX shares on June 23, shortly after the company’s historic IPO.
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US Treasury to double long-term bond buybacks starting September 9, may use cash reserves
The US Treasury will double quarterly buybacks of 10- to 30-year bonds to $4 billion beginning September 9, possibly using Treasury General Account funds.
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US services sector growth accelerates in May amid supply chain concerns from Iran war
The US services sector PMI rose to 54.5 in May as companies increased orders and inventories ahead of expected supply shortages linked to the Iran conflict.
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Euro Area Sees 0.6% Rise in Producer Prices but Retail Sales Drop 0.4% in April 2026
Euro area producer prices rose 0.6% in April, while retail sales fell 0.4%, and GDP declined in first quarter 2026.
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Japan raises wages amid bankruptcy surge; Taiwan plans minimum wage hike and industry support
Japan saw a 5.37% wage rise and record employee resignation bankruptcies in 2025; Taiwan expects minimum wage above 30,000 NTD and urges industry aid.
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China’s property service firms face fee collection crisis amid real estate slump
Property service providers in China struggle to collect management fees as homeowners and developers with unsold flats refuse payments.
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US Treasury expands long-term buybacks as Fed hawkish tone pressures dollar
US Treasury doubled long-term security buybacks to ease borrowing costs while Fed Chair Warsh signaled possible rate hikes amid inflation fight.
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Alibaba raises HK$80 billion in record Hong Kong share sale to fund AI expansion
Alibaba completed a HK$80 billion ($10.2 billion) share sale in Hong Kong to finance its artificial intelligence projects.
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Bitcoin surges above $80,000 as US bond buybacks and short squeezes boost demand
Bitcoin broke $80,000 on August 25 after US Treasury bond buyback plans and heavy short liquidations sparked a 23% weekly gain.
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Alibaba raises HKD 80 billion in Hong Kong share offering to fund AI expansion
Alibaba sold 710 million new shares at a discount to raise about HKD 80 billion for AI investments amid a profit drop and stock decline.
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Shein Plans Hong Kong IPO to Raise HKD 13.86 Billion with $27 Billion Valuation
Shein filed for a Hong Kong IPO aiming to raise HKD 13.86 billion with a valuation near $27 billion, listing on Sept. 1, 2026.
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Nvidia Negotiates Investment in AI Startup Perplexity Valued Above $30 Billion
Nvidia is in talks to invest in AI startup Perplexity in a funding round valuing the company at over $30 billion.
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Nvidia to Raise AI Server Prices by Over 15% in Early 2027 Due to Memory Cost Surge
Nvidia has notified major customers that AI server prices will increase by more than 15% starting early 2027, driven by rising memory chip costs.
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Shein to IPO on Hong Kong Exchange with Valuation Up to $27 Billion
Shein launched its Hong Kong IPO seeking to raise $1.77 billion, valuing the fast-fashion giant up to $27 billion amid recent losses.
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Food Republic closes last Beijing outlet after 26 years amid lease expiry
Food Republic will close its last Beijing store at Oriental Plaza on June 15, ending 26 years of operations in the city.
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Australia's Q1 2026 GDP growth slows to 2.5%, missing forecasts amid weak demand
Australia's economy grew 2.5% year-on-year in Q1 2026, slower than expected, as high rates and weak consumption weighed on growth.
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Gold prices hit three-month high amid US Treasury bond buybacks and dollar weakness
Gold surged above $4600 an ounce after the US Treasury doubled long-term bond buybacks, weakening the dollar and pushing yields down.
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General Mills sells Haagen-Dazs ice cream shops in mainland China to Ningji consortium
General Mills signed an agreement to sell its Haagen-Dazs ice cream shops in mainland China to a consortium led by lemon tea chain Ningji.
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Chinese rules tighten, threatening Hong Kong property buying surge by mainland Chinese
Mainland Chinese spent a record HK$43 billion on Hong Kong property in Q1 2026 before new Beijing curbs on overseas cash outflows tightened in May.
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China's companionship economy grows with paid social partners in urban gig markets
Hikers and urban residents in China increasingly pay for companionship services like climbing buddies and dining partners amid shifting lifestyles and gig work growth.
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China’s Unitree Robotics approved for Shanghai IPO amid wave of robotics listings
Unitree Robotics won Shanghai IPO approval as dozens of Chinese robotics firms pursue listings to boost AI and robotics R&D.
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HSBC CEO Georges Elhedery leads efforts to revive Hong Kong investment banking
HSBC CEO Georges Elhedery is actively rebuilding the bank’s Hong Kong investment banking business by engaging 400 major clients and increasing IPO activity.