Day: April 17, 2026

A quarter featuring multiple eye-popping deals is no longer unusual for China’s pharmaceutical industry – in fact, it may soon be considered a slow season. In recent months, companies including CSPC Pharmaceutical and RemeGen have struck out-licensing agreements worth up to US$18.5 billion and US$5.6 billion respectively, while Haisco Pharmaceutical Group has added two of its own — most recently a deal worth up to US$745 million. Under the terms of the deal, the Beijing-based Haisco granted US pharmaceutical giant AbbVie the rights to develop, manufacture and sell a portfolio…

The war in Iran and ensuing closure of the Strait of Hormuz has exposed the risks of over-reliance on the Persian Gulf for oil, turning Beijing’s Mediterranean infrastructure plans from long-term goals into urgent strategic necessities. From Algerian oilfields to Moroccan battery factories and Egypt’s industrial base, China might now fast-track these projects to create a Mediterranean hub for a green-energy supply chain, observers said. Beijing aims to create a strategic backup that protects its… South China Morning Post

With domestic profits narrowing and production capacity expanding, China’s firms are continuing to widen their overseas footprints in search of new, more lucrative markets. In this series, we examine China Inc.’s next phase of “going global” and the complex, challenging international environment its companies have chosen to enter. When Lawrence Wong decided to set up a toy factory in Vietnam last year, he had a clear plan: 600 square metres (6,458 sq ft) of floor space at the start of 2026, with… South China Morning Post

China’s leading LED chipmaker and its Malaysian partner have abandoned their US$239 million cash offer to purchase Dutch technology company Lumileds Holding after opposition from US authorities, marking the latest setback for Chinese tech investment overseas following the high-profile Nexperia saga. Sanan Optoelectronics, listed in Shanghai, said in a disclosure announcement on Friday that despite multiple rounds of discussions, the Committee on Foreign Investment in the United States (CFIUS) determined the transaction would pose “irresolvable US national security risks” and asked the firms to withdraw their filing and abandon the…

In an apparent sign that Tehran blinked first in the blockade showdown between Iran and the US, the two sides announced on Friday that the Strait of Hormuz was open and operational after nearly seven weeks that have seen hundreds of ships blocked and sent energy prices soaring worldwide. “IRAN HAS JUST ANNOUNCED THAT THE STRAIT OF IRAN IS FULLY OPEN AND READY FOR FULL PASSAGE. THANK YOU!,” US President Donald Trump said on social media, using an unofficial name for the strategic waterway. Iranian Foreign Minister Abbas Araghchi posted…

Some exporters at the Canton Fair in Guangzhou report a modest return of orders to China from Southeast Asia, as energy-market volatility linked to the US-Israeli war in Iran prompts some Western buyers to prioritise supply chain stability. The shift is visible in buyer patterns on the exhibition floor, where the number from Europe and the United States appears to have recovered from last year’s levels, according to Chinese exporters, with more inquiries for home appliances, new energy products and consumer electronics. The Canton Fair, formally known as the China…

The US appears to be intensifying its war efforts with an economic squeeze to force Iran to cave in before further talks, but Chinese observers say the strategy could backfire on the US economy. The US continued to exert pressure on Iran on Friday even as Iranian Foreign Minister Abbas Araghchi announced that the Strait of Hormuz was completely open for commercial vessels. “In line with the ceasefire in Lebanon, the passage for all commercial vessels through the Strait of Hormuz is declared completely open for the remaining period of…