China cuts ties with Czech president over Petr Pavel’s birthday visit to Dalai Lama

China cuts ties with Czech president over Petr Pavel’s birthday visit to Dalai Lama

Beijing has severed ties with Czech President Petr Pavel following his private visit to congratulate the 14th Dalai Lama on his 90th birthday last month. The meeting on July 27 “seriously contravenes the political commitment made by the Czech Republic government to the Chinese government, and harms China’s sovereignty and territorial integrity,” said Chinese foreign…

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US$2.7 bn of global funds swarmed Chinese stocks in July, and the flow will be ‘stronger’

US$2.7 bn of global funds swarmed Chinese stocks in July, and the flow will be ‘stronger’

Foreign inflows to Chinese stocks will probably continue after the summer, as a regulatory push to boost shareholder returns, appealing valuations and rising expectations of interest-rate cuts in the US lure investors, according to Morgan Stanley. The rotation back to Chinese stocks was expected to be “stronger” after two consecutive months of net buying by…

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Huawei’s Ren Zhengfei, Changan Automobile’s Zhu Huarong discuss state of China EV sector

Huawei’s Ren Zhengfei, Changan Automobile’s Zhu Huarong discuss state of China EV sector

According to his post on Chinese microblogging site Weibo, Changan chairman Zhu Huarong said he visited Ren, 80, at Huawei’s headquarters in Shenzhen last Friday to discuss the state of development and competition in China’s electric vehicle (EV) industry. While Zhu did not provide details of their discussion, he praised the “wisdom” shared and “passion”…

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