China · Business
Same event, multiple sources, transparently cited.
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Hong Kong Raises 2026 Growth Forecast to 3.5%-4.5% After Strong First Half
Hong Kong government raised its 2026 GDP growth forecast to 3.5%-4.5% after a 5.1% expansion in the first half of the year.
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US Commerce Secretary Opposes Apple Buying Chinese Memory Chips Amid Shortages
US Commerce Secretary Howard Lutnick said the Trump administration opposes Apple purchasing memory chips from Chinese firms CXMT and YMTC amid supply shortages.
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Applied Materials Reports Strong Q3 Revenue of $9.12B and Raises 2026 Outlook on AI Demand
Applied Materials posted Q3 revenue up 25% to $9.12 billion and raised its 2026 forecast, driven by strong AI-related semiconductor demand.
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JD.com posts first quarterly revenue drop in over a decade despite profit rise
JD.com reported a 2.9% revenue drop in Q2 2026 but saw net profit rise to 7.1 billion yuan amid mixed results.
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SMIC Q2 Profit Triples on AI Chip Demand, Plans Capacity Expansion
SMIC reported Q2 net profit of US$479.2 million and plans to add production capacity amid strong AI chip demand.
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Foxconn Reports 35% Rise in Q2 Profit on Strong AI Server Demand
Taiwan's Foxconn posted a 35% increase in second-quarter net profit to NT$59.97 billion, driven by rising demand for AI servers.
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Iran conflict disrupts Strait of Hormuz shipping, pushing oil prices higher in 2026
Ongoing Iran conflict sharply cut oil shipments through the Strait of Hormuz, driving up global oil prices and market volatility in August 2026.
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China moves to address US$148 billion to US$190 billion non-residential lease expiry risk
Shanghai and Guangzhou officials issued guidelines this year to manage looming lease expiries on over 1 trillion yuan in non-residential property.
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Tesla recalls 20,349 US vehicles for overly bright low-beam headlights
Tesla is recalling over 20,000 Model 3 and Model Y vehicles in the US due to low-beam headlights that could impair other drivers’ vision.
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Foreign Investors Withdraw $29.2 Billion from Taiwan and South Korea Equities in July Amid AI Concerns
Foreign investors pulled $29.2 billion from Taiwan and South Korea stocks in July amid worries over AI spending and chip demand.
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UK-Ireland Greenlink cable rerouted to protect Dobby’s Harry Potter memorial at Freshwater West
Greenlink project managers rerouted their £430 million subsea power cable to avoid disturbing Dobby’s memorial after fan protests.
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China imposes preliminary anti-dumping duties on US and Mexican pecans from August 11, 2026
China’s Ministry of Commerce announced preliminary anti-dumping deposits of 54.3% on US pecans and 17.8%-51.6% on Mexican pecans starting August 11, 2026.
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TSMC Reports 45% Sales Rise in July Fueled by Strong AI Hardware Demand
TSMC posted a 45% year-on-year revenue increase in July and raised its 2026 capital spending forecast amid robust AI chip demand.
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JPMorgan raises S&P 500 year-end target to 8,000 on strong AI-driven earnings
JPMorgan raised its 2026 year-end S&P 500 target to 8,000 citing robust earnings and AI investment growth.
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Shein cuts Vietnam warehouse lease from 15 to 6 hectares, refocuses on China supply chain
Shein scaled back its Vietnam export base plan in 2026, downsizing warehouse space and layoffs, while boosting Chinese supply chain investment.
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US Judge Blocks Defense Department from Enforcing Military Company Designation on WuXi AppTec
A US federal judge halted the Defense Department from enforcing its June 2026 military company label on WuXi AppTec, citing lack of evidence and potential harm.
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South Korea and Taiwan surpass Japan in exports for first half of 2026 on AI chip demand
South Korea and Taiwan each exceeded Japan in total exports in the first half of 2026, driven by soaring AI semiconductor sales.
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Unitree Robotics raises $900 million in Shanghai IPO with DeepSeek among investors
Unitree Robotics raised 6.1 billion yuan ($900 million) in a Shanghai IPO, with DeepSeek investing about $20.8 million and partnering on AI development.
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UK Approves Paramount’s $110 Billion Takeover of Warner Bros. Discovery
The UK government and CMA approved Paramount Skydance’s $110 billion acquisition of Warner Bros. Discovery after securing editorial independence commitments.
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China Buys Additional 800,000 Tonnes of US Soybeans, Nearing Quarterly Purchase Target
Chinese state-owned firms purchased 13 more US soybean cargoes, bringing 2026-27 season total close to 6 million tonnes, about a quarter of the annual target.
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Yangzijiang Shipbuilding reports 28.4% net profit rise to US$800M in H1 2026
Yangzijiang Shipbuilding's net profit rose 28.4% to US$800 million on higher revenue and new orders in the first half of 2026.
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White House Report Names Taiwan Among Countries Aiding China in Transshipment to Evade US Tariffs
The White House released a report accusing over 40 countries, including Taiwan, of helping China avoid US tariffs through transshipment schemes.
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South Korean Kospi index reels from steep fall, rebounds on AI enthusiasm and easing Fed fears
South Korea’s Kospi index plunged from over 9000 in June to about 5500 in July, then rebounded 23% by mid-August driven by AI stocks and optimism on U.S. interest rates.
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US accuses over 40 countries of aiding China in evading tariffs via transshipment
The White House on August 13 accused China of using more than 40 countries to reroute goods and evade US tariffs from the Trump era.