Month: July 2025

While severe oversupply in Chinese industries ranging from the traditional steel sector to the hi-tech production of solar panels has made headlines recently, one lesser-known sector suffering the same fate is waste-to-energy incineration. Advertisement The optimistically planned industry, giving China the world’s highest processing capacity, is struggling to find enough waste to burn, with experts blaming a slowdown in the growth of supply driven by factors including an economic downturn and slowing urbanisation. Since 2019, the amount of municipal solid waste generated in China has increased by more than 10…

China is calling to accelerate a trans-Himalayan network project to connect it with Nepal as Beijing works to draw its Himalayan neighbour closer – a development that may raise concerns from regional rival India. Advertisement The head of China International Development Cooperation Agency, Chen Xiaodong, said, “[China] is willing to strengthen the alignment of development cooperation strategies with Nepal and accelerate the construction of a trans-Himalayan multidimensional connectivity network”. Chen was speaking during a three-day visit to Nepal that ended on Tuesday. 04:20 Will India and China’s new border deal…

Chinese companies are stepping up their fundraising activities to shore up liquidity and manage refinancing needs as market sentiment shows signs of recovery in the second half of the year. Advertisement On Thursday, artificial intelligence firm SenseTime unveiled an agreement to raise HK$2.5 billion (US$318 million) through a share subscription, and dairy giant Mengniu Dairy said it would generate 3.5 billion yuan (US$489 million) through a bond issuance. Those plans came to light a day after UBTech Robotics divulged a HK$2.4 billion share placement plan. The financing moves come amid…

Six university students drowned in an industrial tank during a field trip to a mining operation owned by China’s most prestigious gold producing company, according to state news agency Xinhua. Advertisement One teacher was also injured in the incident, which occurred on Wednesday morning at China National Gold Group’s Wunugetushan copper-molybdenum mine in the Inner Mongolia autonomous region, it said. The students, from Northeastern University in Liaoning province, drowned after a grating panel gave way and they fell into a flotation tank. They were pulled from the tank in the…

For the first time in five years, China and Russia have set sail on a joint oceanographic expedition, a research mission to learn more about the evolution of oceans and the forces behind global climate change. Advertisement A total of 25 members from the two countries are on board the research ship Akademik M.A. Lavrentyev, which left the port of Vladivostok on Tuesday, according to China’s First Institute of Oceanography (FIO) under the Ministry of Natural Resources. The ninth such expedition for the two countries – and the first since…