Latest China Headlines

All the headlines from our China Topic Page, ordered by recency.

Typhoon Lekima Roars Through Eastern China, Killing at Least 32

Aug 12 2019 // The death toll from a typhoon in eastern China rose to 32 on Sunday, with 16 people missing, state broadcaster CCTV reported, as the country braced for more travel disruptions as the storm moved further north up the...

Hurricane Barry Cost Economy $600M, Insurers $300M: Aon Catastrophe Report

Aug 9 2019 // Total economic losses, largely flood-driven, were expected to exceed US$600 million, while public and private insurers paid out nearly US$300 million, said Aon in its latest edition of its monthly Global Catastrophe Recap...

China Braces for Typhoon Lekima as Strongest Storm to Hit Region in 2019

Aug 9 2019 // Flights and high-speed train services were canceled in Shanghai as the strongest typhoon to hit the region this year swept past Taiwan and headed toward the Chinese coast.Air China Ltd., China Eastern Airlines Corp. and...

German Bank Seeks to Seize Ships for Breach of Iran Sanctions

Aug 6 2019 // Reports alleging that fuel tankers appeared to breach U.S. sanctions against Iran were cited in court filings by a bank as it sought to seize the ships, accusing the owners of loan default.The accusations, which led to the...

Hong Kong Protestors Move to Shut Down Financial Hub with General Strike

Aug 5 2019 // Hong Kong leader Carrie Lam warned of a “very dangerous situation” as protesters moved to shut down the Asian financial hub with a general strike on Monday after a ninth straight weekend of unrest in opposition...

Swiss Re-Backed Insurer FWD Eyes China Expansion Ahead of Potential IPO

Jul 31 2019 // Fast-growing insurer FWD is seeking to launch operations in China ahead of any public offering and plans to bolster its non-life business in Asia, its chief executive said, as a potential shake-up looms in the...

Why Chinese Crypto Entrepreneur Was No-Show for $4.5M Buffett Charity Lunch

Jul 25 2019 // Chinese cryptocurrency entrepreneur Justin Sun, who cited health issues in postponing his charity lunch with Warren Buffett this week, issued a broad apology to just about everyone for touting the plan to dine with one of...

Group of German Companies – Including BASF, Siemens, Roche – Hit by Cyber Attacks

Jul 24 2019 // German blue-chip companies BASF, Siemens, Henkel along with a host of others said on Wednesday they had been victims of cyber attacks, confirming a German media report which said the likely culprit was a state-backed...

Death Toll Rises from Chinese Gas Plant Explosion

Jul 23 2019 // Authorities in central China said Sunday the death toll in a gas plant explosion has risen to 15 with another 15 seriously injured.Three people who were previously missing have been found dead, said local authorities....

China Opens Financial Sector to Increased Foreign Investment

Jul 22 2019 // China opened up its financial sector to more foreign investment as the government said it will take targeted measures to cope with rising risks and challenges facing the industry.Foreign investors can take a stake or...

Regulatory Issues Causing Ping An-Backed Lufax to Exit P2P Lending: Reuters

Jul 19 2019 // Lufax, one of China’s largest online wealth management platforms that is backed by financial giant Ping An Insurance, plans to exit its once-core peer-to-peer lending (P2P) business, three sources with direct...

U.K. Networks Could Become Less Secure if Huawei Is Banned, MPs Say

Jul 19 2019 // Barring Huawei Technologies Co. from operating in the U.K. could lower security standards and make networks less resilient to malicious attacks, according to Parliament’s intelligence and security committee, which...

Senators Want to Reconsider Lawsuit Immunity for Google and Internet Giants

Jul 17 2019 // U.S. senators used a Congressional hearing on Tuesday to push the idea of overhauling a law that protects YouTube, Facebook and other internet services from being sued for the content users post.The Senate Judiciary...

China’s Pig Farms Tighten Biosecurity to Beat African Swine Fever

Jul 16 2019 // A devastating outbreak of African swine fever that has killed millions of pigs in China is changing attitudes in a country where farm hygiene has often been seen as lax by international standards.From farms to feed mills...

Economic Costs of European Weather Events in June Top $2B: Aon Report

Jul 11 2019 // Severe European storms during June had an economic price tag of US$2 billion, while insurers anticipated claims topping $1.5 billion, according to the latest edition of Aon’s monthly Global Catastrophe Recap...

AM Best Affirms Credit Ratings of Lloyd’s

Jul 11 2019 // AM Besthas affirmed the Financial Strength Rating of “A” (Excellent) and the Long-Term Issuer Credit Ratings of “a+” of Lloyd’s (United Kingdom), Lloyd’s China and Lloyd’s...

Volvo’s Autonomous Trucking Offer Bundles Pilots, Insurance, Services

Jul 10 2019 // Swedish truckmaker AB Volvo’s first commercial autonomous truck deal shows how it is bundling services to generate revenue from a technology that is years away from wide deployment.Driverless transportation has been...

Update: Italy’s Generali Calls on China to Further Open Financial Services Sector

Jul 10 2019 // Two of Italy’s largest financial institutions, insurer Assicurazioni Generali and state fund CDP on Wednesday urged China to do more to open up its financial services industry to Italian firms and other foreign...

Spanish Insurer MAPFRE Teams with China Re on Belt & Road Initiative Cover

Jul 9 2019 // Spanish insurer MAPFRE said it has signed a memorandum of understanding with China Re to insure infrastructure within the belt and road initiative promoted by China.The two said they will collaborate on insuring...

Asia Market Drives Global Insurance Premiums Past $5 Trillion in 2018: Swiss Re

Jul 8 2019 // Carriers’ expansion in Asia helped push global insurance premiums past the $5 trillion mark for the first time in 2018, Swiss Re said in its latest sigma report.That growth came generally from property/casualty...