China News Updates

CK Hutchison's plans to sell its global ports are at an impasse a year after the deal was announced, with hopes pinned on a meeting between Donald Trump and Xi Jinping to yield a breakthrough.

Energy Minister Tim Hodgson gave further details on the package March 3, including C$44 million for upgrades to the Northwest Transmission Line in northern British Columbia.

Talks are at an early stage and any agreement would need to clear hurdles on concerns around data protection while using technology from China, Bloomberg reports.

“We expect that level to remain in place. We don’t intend to escalate beyond that. We intend to really stick to the deal that we had before,” Jamieson Greer said on Fox Business.

The warning came after Panama authorities invalidated CK Hutchison’s contract to operate the Balboa and Cristobal ports, seeking Maersk’s APM Terminals to run them in a transition phase.  

The outlook points to the challenges facing incoming Coca-Cola CEO Henrique Braun as the company works to win over shoppers with its widening portfolio of beverages.

BYD’s Hong Kong-listed shares are down this week after disappointing sales data, extending a selloff that has shaved off more than $60 billion in market value since May.

The Trump administration hosted 55 countries at a critical-minerals summit Feb. 4, pitching price floors and a flood of U.S. private equity in a bid to reduce dependence on China.

Sharing Ford's facility in Valencia, Spain, could allow Geely to avoid paying European tariffs on imports of made-in-China EVs, and boost output at a plant Ford has underutilized.

The Hong Kong-based conglomerate said in a separate stock exchange filing that it will “vigorously pursue” the case under the rules of the International Chamber of Commerce.