China’s factory activity stalled in May after two months of expansion, official data showed on Sunday, as weaker demand and rising energy costs linked to the Middle East conflict weighed on manufacturing growth. The official manufacturing Purchasing Managers’ Index (PMI) stood at 50.0 in May, according to data released by the National Bureau of Statistics...
Tag: China
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China Revises Mine Blast Death Toll To 82
Chinese authorities have revised the death toll from a coal mine gas explosion in northern Shanxi province to 82, down from an initial figure of at least 90, citing confusion in the immediate aftermath of the country’s deadliest mining disaster in 17 years. The explosion occurred late on Friday at the Liushenyu coal mine in...
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China Coal Mine Blast Kills 90, Rescue Continues
At least 90 people were killed in a gas explosion at a coal mine in China’s northern Shanxi province, making it the country’s deadliest mining accident in more than a decade, state media reported on Saturday. The explosion occurred late on Friday at the Liushenyu coal mine in Qinyuan county, where 247 workers were on...
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Trump Says China Committed To Buying 200 Boeing Jets
U.S. President Donald Trump said on Thursday that China had agreed to purchase 200 Boeing aircraft, describing the deal as a commitment reached during talks with Chinese President Xi Jinping. “It was sort of like a statement but I think it was a commitment,” Trump said in an interview with Fox News, according to excerpts...
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Trump, Xi Hold Talks In Beijing Amid Rising Tensions
Donald Trump told Xi Jinping on Thursday that the United States and China would have “a fantastic future together” as the two leaders opened high-stakes talks in Beijing on trade, Iran and Taiwan. Trump praised Xi during a lavish welcome ceremony at Beijing’s Great Hall of the People, describing it as “an honour to be...
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China Trade Growth Beats Forecast Despite Middle East War
China’s trade growth accelerated sharply in April, official data showed on Saturday, defying pressure from the Middle East conflict and reversing a recent decline in exports to the United States. Exports from the world’s second-largest economy rose 14.1% year-on-year in April, according to data from China’s General Administration of Customs, far exceeding a Bloomberg forecast...
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China Southern Airlines Orders 137 Airbus A320neo
China Southern airlines has ordered 137 single-aisle Airbus A320neo planes for about $21.4 billion. In a statement to the Shanghai stock exchange, the airline said it will take 102 planes for itself and 35 for its XiamenAir subsidiary. Airbus has confirmed the order for the delivery of China Southern planes between 2028 and 2032, while...