US software company SAS Institute has withdrawn from mainland China and dismissed its local staff, according to a Beijing-based employee affected by the move, as the analytics specialist ended more than two decades of operations amid intense domestic competition and geopolitical tensions. The company on Thursday announced the lay-offs via an email and hosted a…
Chinese electric vehicle (EV) maker BYD recorded surging sales in Europe last month after it launched more models and expanded its sales network, narrowing its gap with market leader Tesla. The Shenzhen-based carmaker racked up 24,963 new-car registrations in Europe in September, nearly five times its deliveries of 5,013 units a year ago, according to…
10/28/2025 – 10:00 PM SHANGHAI–(BUSINESS WIRE)– Mercer, a business of Marsh McLennan (NYSE: MMC) and a global leader in helping clients realize their investment objectives, shape the future of work and enhance health and retirement outcomes for their people, today revealed that the average…
Equities Previous stock price surges have been followed by sharp drops and volatility The Shanghai Stock Exchange Composite Index temporarily surpassed 4,000 on Tuesday, the highest it has been in just over 10 years. (Photo by Noriyuki Doi) TAMAKI FUKUI October 29, 2025 04:33 JST HONG KONG — The Shanghai Composite Index on Tuesday temporarily exceeded…
In a lengthy article on Saturday detailing some of the build-up to the Communist Party’s fourth plenum this week, state news agency Xinhua and party mouthpiece People’s Daily said Xi “personally headed” the team that drafted the outline for the next five-year plan. “[He] oversaw and guided the formulation of the proposal for the 15th…
“The education system fundamentally shapes future development potential and opportunities,” Wang said, adding that for an intelligent individual entering university, studying frontier knowledge versus 20-year-old textbook materials created “a stark gap”. Born in 1990 in Zhejiang province in eastern China, the tech entrepreneur did not study at one of the country’s most sought-after universities. During…
The Standard Model, a cornerstone of modern physics, explains how three of nature’s four fundamental forces – the electromagnetic, the weak and strong forces – interact at the subatomic level. The groundbreaking work of Chen-ning Yang, who has died aged 103, was fundamental to the completion of this model. Alongside Albert Einstein’s theory of gravitation,…
A packed Air China flight bound for Seoul was forced to make an emergency landing in Shanghai on Saturday after a lithium battery inside a passenger’s carry-on luggage erupted in flames, filling the cabin with smoke. The blaze broke out aboard Flight CA139, which had departed Hangzhou Xiaoshan International Airport at 9:47 a.m. local time…
For Krislyn Massey, it all began with late nights watching Japanese anime as a child. That sparked a discovery of Chinese novels and a deep interest in studying Asia – an unlikely path for someone who grew up in a conservative family in Houston, Texas. She began learning Japanese and getting involved in student-run educational…
An Air China flight from Hangzhou to Seoul was forced to make an emergency landing in Shanghai on Saturday after a lithium battery caught fire in the plane’s cabin. In a statement on social media, Air China confirmed the incident. “On October 18, on flight CA139 from Hangzhou to Incheon, a lithium battery in a…