BEIJING : Chinese battery giant CATL on Tuesday posted a 153.6 per cent rise in first half profit.Net profit for the six months ended June came in at 20.72 billion yuan, versus a revised profit of 8.17 billion yuan from a year earlier, according to the company's filing.
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China's CATL says cooperation with Ford moving forward as normalBEIJING : Chinese battery giant CATL said in a statement on Monday that its cooperation with Ford Motor is moving forward as normal.The statement came after two U.S. House of Representatives committees said on Friday they are investigating Ford's Chinese battery partnership.
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Chinese property giant Country Garden extends losses on debt worriesSHANGHAI : Shares in China's property developer Country Garden and its property service arm Country Garden Services Holdings tumbled on Monday, extending losses from the previous week on debt concerns.Country Garden Services Holdings slumped more than 6 per cent, while Country Garden fell more than 3 per
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Commentary: Forget Washington, Pyongyang’s most important target has always been BeijingNorth Korean leader Kim Jong Un’s charm offensive with former US president Donald Trump may have yielded few results, but not so his efforts with Chinese President Xi Jinping, says this observer of East Asian politics.
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China's property shares rally after Beijing pledges economic supportHONG KONG : Shares of China's property developers surged on Tuesday following a sharp selloff in the previous session, after policymakers said they would step up support for the embattled sector.Hong Kong's Hang Seng Mainland Properties Index jumped 12 per cent, while Chinese CSI 300 Real Estate gained 7
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Stefanie Sun attends Bottega show in Beijing, draws attention from fellow guests asking for autographsIn one picture, Stefanie Sun could be seen balancing a piece of paper on her bag to sign an autograph.
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Chinese chipmaker Hua Hong seeks up to US$2.95 billion in mainland listingBEIJING: Chinese chipmaker Hua Hong Semiconductor said on Sunday (Jul 23) it aims to raise up to 21.2 billion yuan (US$2.95 billion)in a listing on the Shanghai stock exchange. The country's second-largest chip foundry will sell 407.75 million shares priced at 52 yuan per share, it said in a statement to t
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