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Nino Abdaladze

Landmark Deal Sees French TotalEnergies Sell LNG to China in RMB

Landmark Deal Sees French TotalEnergies Sell LNG to China in RMB

The Lede: Chinese and French energy firms recently signed a landmark deal in China that involved the purchase of 65,000 tons of liquified natural gas (LNG) from the United Arab Emirates, settled in RMB (Chinese Yuan) instead of U.S. dollars. This transaction represents a significant move by Beijing

China Pushes Back Against US Chip Maker Despite Promise of Openness

China Pushes Back Against US Chip Maker Despite Promise of Openness

The Lede: China is set to conduct a cybersecurity review of Micron Technology, a leading U.S. chip manufacturer, over the security of the information infrastructure supply chain. The decision comes amid Beijing’s statements on opening doors “wider and wider” for foreign businesses and is viewed as the most

Pakistan Emerges as a Leading Nation in Utilizing RMB for Global Trade

Pakistan Emerges as a Leading Nation in Utilizing RMB for Global Trade

The Lede: Pakistan is taking the lead as one the first countries that utilize RMB (Chinese Yuan) for conducting international trade, according to the Daily Times, an English-language Pakistani newspaper. The decision comes after Russia adopted RMB as one of the main currencies for international trade and Brazil reached an

Canada Invests in Countering Foreign Interference Amid Tensions with China

Canada Invests in Countering Foreign Interference Amid Tensions with China

The Lede: Canada has ramped up its spending to mitigate the impact of interference and influence by perceived authoritarian foreign governments, according to its federal budget for the year 2023. The change comes weeks after Canadian authorities started an investigation into suspected Chinese meddling in the previous two federal elections.

Alibaba Founder Jack Ma Returns as Company Announces Major Restructuring

Alibaba Founder Jack Ma Returns as Company Announces Major Restructuring

The Lede: Alibaba's share price surged following the announcement of the company's decision to split into six units and consider fundraising or listings for most of them, as China signs for regulatory support for the tech industry and private businesses, following a two-year crackdown. What we

Export Surge Hits China's Richest County Amid Tensions with US

Export Surge Hits China's Richest County Amid Tensions with US

The Lede: Job seekers in Kunshan, China’s wealthiest county, struggle to secure employment, amidst weakening global economic prospects and manufacturers relocating factories outside of China fueled by trade tensions with the United States. What we know: * Kunshan, a county located 50 kilometres from Shanghai, previously offered wages up to

China’s Commerce Minister and Apple CEO Meet to Discuss Supply Chain

China’s Commerce Minister and Apple CEO Meet to Discuss Supply Chain

The Lede: Tim Cook, CEO of Apple, met with China’s minister of commerce, Wang Wentao to discuss industrial and supply chain stabilization, the Chinese Ministry of Commerce said on Monday. The meeting comes amid rising trade and geopolitical tensions between Beijing and Washington. What we know: * During their meeting,