Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
New Rules Proposed to Block China, Russia, Iran From Accessing Bulk US Data
Oct 24 2024 // The U.S. Justice Department on Monday proposed new rules to protect federal government data or Americans’ bulk personal data from getting into the hands of countries like China, Iran and Russia by placing new limits...
Natural Disasters Cost China $13 Billion in January-June
Oct 22 2024 // Natural disasters such as flooding, drought and extreme temperatures cost China 93.16 billion yuan ($12.83 billion) in the first half of this year, with almost 33 million people affected, the government said on...
China’s Ping An Insurance Posts 36.1% Rise in 9-Month Profit
Oct 21 2024 // Ping An Insurance (Group) Co. of China Ltd. reported on Monday a 36.1% rise in net profit in the first nine months of the year, driven by growing investment returns and new policies sold as the economy recovers. The...
AXA Rebrands China Reinsurance Unit to ‘AXA International Re’
Oct 17 2024 // AXA Insurance announced it has rebranded its Chinese reinsurance unit, XL Re China, to AXA International Re. The name change took effect on Oct. 16, 2024, following approval from the Chinese regulator, the National...
UK Fears Chinese Hackers Compromised Critical Infrastructure
Oct 16 2024 // Chinese state actors have made widespread — and likely successful — efforts to access British critical infrastructure networks, according to UK officials, underscoring fears of vulnerabilities to increasingly...
NSA Investigating If Chinese Hackers Breached US Telecoms
Oct 9 2024 // The US is in the early stages of an investigation into potential Chinese hacking of American telecommunications companies, according to a top intelligence official. National Security Agency Director General Timothy Haugh...
Zombie Tanker Turns Up at Northern Chinese Port Laden With Oil
Sep 30 2024 // Singapore-flagged oil tanker EM Longevity made its final voyage almost three years ago, after more than two decades at sea. Earlier this month, ship-tracking data showed it arriving at a Chinese port, loaded with crude and...
WTW Launches China Client Division With Yan Appointed as Division Leader
Sep 25 2024 // Insurance broker WTW has launched a new China Client Division within Corporate Risk and Broking, North America (CRB NA), as part of its strategy to expand its presence and broaden offerings focused on the Chinese...
FBI Disrupts Vast Chinese Hacking Operation That Infected Consumer Devices
Sep 23 2024 // The FBI has disrupted a group of hackers working at the direction of the Chinese government who targeted universities, government agencies and other organizations, Director Chris Wray said last week. The hacking campaign...
PwC Probe Spotlight Shifts to Hong Kong After Record China Fine
Sep 17 2024 // The focus of a lengthy probe into PricewaterhouseCoopers LLP’s China business now shifts to Hong Kong after the accounting firm was hit with a record fine in the mainland over its audit of failed developer China...
PwC’s China Unit Suspended for 6 Months, Hit With Record Fine for Evergrande Audit
Sep 13 2024 // Chinese regulators on Friday hit PwC’s auditing unit in mainland China with a six-month business suspension and a record fine of 441 million yuan ($62 million) over the firm’s audit of troubled property...
China Braces for Another Typhoon After Yagi Slammed South Coast
Sep 12 2024 // Typhoon Bebinca is forecast to hit the east coast of China early Monday, threatening to bring excessive rainfall that could disrupt oil refineries and LNG import terminals and paralyze transport. The expected landfall of...
New Portuguese Government to Keep Ban on Chinese 5G Equipment
Sep 10 2024 // Portugal’s center-right government will keep the previous administration’s ban on telecoms firms using Chinese equipment in their 5G networks, a minister said, despite the projected cost of a position that is...
Germany Cracks Down on China Green Fraud in Deepening Scandal
Sep 6 2024 // German authorities have rejected €18 million ($20 million) worth of carbon credits after finding “irregularities” in China-based projects that were meant to lower emissions. The initiatives, which were run by...
Chinese Hackers Breach US Internet Firms Via Startup, Researcher Says
Aug 27 2024 // The state-sponsored Chinese hacking campaign known as Volt Typhoon is exploiting a bug in a California-based startup to hack American and Indian internet companies, according to security researchers. Volt Typhoon has...
EY, KPMG Benefit Most From PwC China’s Regulatory Woes
Aug 15 2024 // Ernst & Young (EY) and KPMG have snapped up over half of PwC’s corporate clients in China that have fled the market’s leading accounting firm as it faces a regulatory probe, filings show. Chinese...
China Evergrande Group’s Liquidators Start Legal Action Against PwC
Aug 7 2024 // China Evergrande Group’s liquidators have launched court proceedings against PricewaterhouseCoopers LLP, another legal step to recover at least a fraction of creditors’ investments from the property...
US Expected to Propose Barring Chinese Software in Autonomous Vehicles
Aug 6 2024 // The U.S. Commerce Department is expected to propose barring Chinese software in autonomous and connected vehicles in the coming weeks, according to sources briefed on the matter. The Biden administration plans to issue a...
China Asks Large State Financial Institutions to Drop Auditor PwC, Sources Say
Aug 5 2024 // Chinese regulators have in recent months asked several large state-owned clients of PricewaterhouseCoopers (PwC) to drop the auditor as it braces for penalties over its work for troubled property developer Evergrande, said...
Tesla Registers Insurance Brokerage in China, National Corporate Database Shows
Aug 2 2024 // Tesla registered an insurance broking firm in China at the end of July, based on a national corporate information database, in a sign that the U.S. automaker may be trying again to gain approval to sell insurance products...
