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Chinese President Xi Jinping on Monday attended a virtual BRICS Summit and delivered a statement, calling on BRICS count...
09/09/2025

Chinese President Xi Jinping on Monday attended a virtual BRICS Summit and delivered a statement, calling on BRICS countries to forge ahead in solidarity and cooperation, according to Xinhua.

"BRICS countries, standing at the forefront of the Global South, should act on the BRICS Spirit of openness, inclusiveness and win-win cooperation, jointly defend multilateralism and the multilateral trading system, advance greater BRICS cooperation, and build a community with a shared future for humanity," Xi said.

09/09/2025

Leapmotor's global sales should hit 1 million units in 2026 and 4 million annually within a decade, with 60% of sales coming from outside China, CEO Zhu Jiangming told Reuters at the IAA Mobility car show in Munich on Monday.

BYD will make its EVs for sale in Europe locally within three years, helping it avoid EU tariffs, a top executive said o...
09/09/2025

BYD will make its EVs for sale in Europe locally within three years, helping it avoid EU tariffs, a top executive said on Monday. "We are training ourselves to be more European in production," executive vice president, Stella Li told Reuters at the IAA Mobility car show in Munich.

China's dollar-denominated exports rose 4.4% YoY in August, and imports rose 1.3% over the same period.
08/09/2025

China's dollar-denominated exports rose 4.4% YoY in August, and imports rose 1.3% over the same period.

Hesai Group is seeking to raise HK$3.9 billion ($497 million) in its Hong Kong listing. The company is offering 17 milli...
08/09/2025

Hesai Group is seeking to raise HK$3.9 billion ($497 million) in its Hong Kong listing. The company is offering 17 million shares for as much as HK$228 each, according to a listing document.

Russian President Vladimir Putin said on Friday that the planned Power of Siberia 2 gas pipeline to China was a "mutuall...
05/09/2025

Russian President Vladimir Putin said on Friday that the planned Power of Siberia 2 gas pipeline to China was a "mutually beneficial project" and the price of the gas would be based on a market formula similar to the one used for supplies to Europe.

Russia's largest oil producer Rosneft has secured an additional deal on supply of 2.5 million metric tons of oil per yea...
04/09/2025

Russia's largest oil producer Rosneft has secured an additional deal on supply of 2.5 million metric tons of oil per year to China via Kazakhstan, Interfax news agency quoted Russian Energy Minister Sergei Tsivilev as saying on Thursday.

U.S. oil and gas producer ConocoPhillips will cut 20-25% of its workforce as part of a broad restructuring, a company sp...
04/09/2025

U.S. oil and gas producer ConocoPhillips will cut 20-25% of its workforce as part of a broad restructuring, a company spokesperson said on Wednesday, after five sources told Reuters that CEO Ryan Lance detailed the plans in a morning video message.

BYD has slashed its sales target for this year by as much as 16% to 4.6 million vehicles, Reuters reported, citing two p...
04/09/2025

BYD has slashed its sales target for this year by as much as 16% to 4.6 million vehicles, Reuters reported, citing two people with knowledge of the matter.

BYD's production slid for a second straight month in August, marking its first consecutive monthly contraction since 202...
02/09/2025

BYD's production slid for a second straight month in August, marking its first consecutive monthly contraction since 2020. The world's biggest EV producer made 353,090 electric vehicles and plug-in hybrids (PHEV) globally last month, down 3.78% from a year earlier, according to a monthly filing with the Hong Kong Stock Exchange on Monday. That follows a 0.9% drop in July.

Russia's Gazprom and China National Petroleum Corporation signed an agreement to increase annual gas supplies to China v...
02/09/2025

Russia's Gazprom and China National Petroleum Corporation signed an agreement to increase annual gas supplies to China via the Power of Siberia pipeline as well as via the Far Eastern Route, Russia's RIA agency reported on Tuesday.

Chinese President Xi Jinping on Monday said that member states of the Shanghai Cooperation Organization (SCO) should pur...
01/09/2025

Chinese President Xi Jinping on Monday said that member states of the Shanghai Cooperation Organization (SCO) should pursue mutual benefit and win-win results, according to Xinhua. He called on the member states to leverage the strengths of their mega-sized markets and economic complementarity between them and improve trade and investment facilitation.

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