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China Passes 1 Terawatt of Solar Power, Government Says

3 days ago | asiafinancial.com | Jim Pollard

China has installed cumulative solar power that totals more than 1 terawatt, according to its National Energy Administration. The NEA said solar capacity reached 1.08 TW, or 1,080 gigawatts, at the end of May 2025, according to a report by PV Mag, which documents the world’s extraordinary transition to solar. (One TWh is a unit of energy that represents one trillion watt hours).
Floods Swamp Cities in Southwest China, And More Storms Due

4 days ago | asiafinancial.com | Jim Pollard

Citizens in Guizhou and other parts of southern China have been swamped by days of record-breaking rainfall as the East Asia monsoon kicked into high gear over the past week. Vulnerable communities have been warned to seek refuge on higher ground as multiple rivers burst their banks after annual wet season downpours in mountainous Guizhou province, which lies at the southwestern end of a seasonal rain belt that stretches all the way to Japan.
Survey Shows Business is Booming in India, Record Export Orders

4 days ago | asiafinancial.com | Jim Pollard

Activity in India’s private sector surged in June as companies ramped up production to meet surging domestic and international demand. A survey released on Monday showed record export growth and robust hiring, while talks with Washington continue on the two countries’ efforts to reach a new framework trade deal in the next two weeks.
Local Officials in China Backed Export of 'Zero Mileage Used Cars'

4 days ago | asiafinancial.com | Jim Pollard

Car dealers and traders in China say local officials have been involved in a government-backed grey market in which new cars right off the assembly line are registered and shipped overseas as “used” vehicles. The practice, caused by massive over-production and competition created by state subsidies given out in many provinces amid China’s intense focus on manufacturing and high-tech, has inflated car sales for years.
Oil Seen Topping $100 a Barrel if Iran Closes Strait of Hormuz

5 days ago | asiafinancial.com | Jim Pollard

Ship owners and global business leaders are watching the delicate situation in the Middle East amid concerns that global energy supplies would be badly impacted if Iran closes the Strait of Hormuz. Iran’s parliament is reported to have backed a move to close the critical waterway, but any decision on that will be made by the country’s National Security Council.
S Korea to Discuss Concern Over Curbs on Chipmakers in China

5 days ago | asiafinancial.com | Jim Pollard

South Korea’s top trade negotiator, who flew to the US on Sunday, plans to discuss potential US restrictions on chipmakers in China when he meets US officials in Washington this week. Trade Minister Yeo Han-koo spoke to reporters on Sunday before leaving for a third round of talks about tariffs.
Flood of Cheap Chinese EVs in Brazil Sparks a Backlash

1 week ago | asiafinancial.com | Jim Pollard

Carmakers and salespeople in Brazil are up in arms at the arrival of a giant cargo vessel carrying thousands of cheap Chinese electric vehicles. The world’s largest car-carrying ship – one of a number deployed by BYD, China’s biggest carmaker – is said to carry the equivalent of 20 football fields of vehicles. It finished its maiden journey to dock at Brazil’s Itajai port late last month. But not everyone is happy about its arrival.
Tariff Talks With US Still 'in a Fog,' Japan's Trade Negotiator Says

1 week ago | asiafinancial.com | Jim Pollard

Japan’s talks with the US over trade and tariffs “remained in a fog,” the country’s top trade negotiator Ryosei Akazawa said on Friday. Tokyo has been unable to achieve a trade deal with Washington and fulfill its goal of convincing President Donald Trump to scrap a 25% tariff on cars from Japan, and a 24% tariff on other Japanese imports that has been paused until July 9, despite efforts by both sides to reach an agreement.
Australia's Social Media Age Ban Could Work, Software Trial Finds

1 week ago | asiafinancial.com | Jim Pollard

The Australian government’s plan to stop children under 16 getting on to social media – opposed by some of the world’s big tech giants – appears to have legs. The head of the world’s biggest trial of software seeking to keep youngsters from getting lost for hours on the internet said on Friday that using software to enforce a teenage social media ban could work in Australia, despite the fact some age-checking applications collect too much data and no product works 100% of the time.
Apple Keen to Use AI to Design Its Chips, Tech Executive Says

1 week ago | asiafinancial.com | Jim Pollard

A top Apple executive said the US tech giant is keen to try using generative artificial intelligence to help speed up the design of the custom chips its devices use. Johny Srouji, Apple’s senior vice president of hardware technologies, made that remark in a speech last month in Belgium, where he received an award from Imec, an independent chip research and development group that works with most of the world’s biggest chipmakers.