Sources: Market Watch
Prosecutors in China charge multiple funeral directors with selling more than 4,000 corpses to two major medical companies over several decades. Police seized 18 tonnes of bones and 34,000 semi-finished products, with the thieves having earned around 380 million yuan (US$53 million) before they were arrested. 2024-08-9
China bans the use of iPhones for government officials resulting in the market value of Apple Inc. stock declining by $200 billion in the past two days. 2023-09-7
The Chinese Foreign Ministry announces that China will provide 5 million yuan ($790,000) in humanitarian aid to Ukraine. 2022-03-9
A planned US$66 billion merger between British semiconductor company Arm Ltd. and American hardware company Nvidia is cancelled after facing regulatory pressures from the United States, the European Union, the United Kingdom, and China. Arm says that it will instead go public sometime before March 2023. If the deal were successful, it would have been the largest merger in the history of the semiconductor industry. 2022-02-8
Tajikistan approves the construction of a new US$10 million Chinese military base near its border with Afghanistan, and in a separate statement offers to hand over a pre-existing base to China and waive future rent payments on the base in exchange for military aid. The approval comes as the Tajik government expressed concerns about the worsening security situation along the border after the Taliban took over Afghanistan a few months prior. 2021-10-27
Two further Chinese real-estate developers, Fantasia Holdings and Sinic Holdings, with liabilities of $12.8 billion and $14.2 billion respectively, both fail to make bond payments amid tightening resource availability after Evergrande raised investor concerns, and were both downgraded to "CCC" or "substantial credit risk". 2021-10-5
The price of copper exceeds US$10,000 per tonne for the first time since February 2011. Analysts cite a strong demand in China and the weakening of the U.S. dollar for the increase in price. 2021-04-29
State-run oil company Saudi Aramco suspends plans to build a US$10 billion oil refinery in Liaoning, China, due to decreased global demand for oil. Its Chinese partners said they will press ahead with the project. 2020-08-21
Chinese state television reports Guo Youming, former deputy governor of Hubei province, is found guilty of taking bribes totaling more than 23.8 million yuan ($3.70 million). Guo is the latest to be convicted as a result of China's paramount leader Xi Jinping's anti-corruption campaign that started when Xi took Party general secretary office three years ago. 2015-12-9
China loosens controls on the yuan, allowing it to fluctuate up to 1% in trading against the United States dollar, up from 0.5%. 2012-04-15