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The Chinese unit of Nexperia is moving to line up domestic suppliers of silicon wafers while expanding its packaging operations within China. The move comes as the company looks to stabilise production after supply disruptions caused by an ongoing corporate dispute. Citing a report by Chinese news agency Caixin, Reuters reported the supplier selection process is expected to be largely completed in the first quarter. The shift comes after wafer deliveries from Nexperia Netherlands were halted, disrupting supplies to the Chinese business. It was reported in December that the unit had since secured Chinese-made silicon wafers sufficient to meet its entire 2026 output needs for one category of power chip, following the suspension of shipments from the Dutch unit. The supply freeze followed a decision by the Dutch government in September to take control of Nexperia from Wingtech Technology, citing governance concerns. Wafer supplies to the Chinese unit were sus...

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By CNBCTV18.com February 12, 2026, 8:46:47 AM IST (Updated)While there's no official confirmation, it's widely speculated that US President Donald Trump and his Chinese counterpart, Xi Jinping, will meet at the Beijing Summit in early April 2026. Now, a new report says the two leaders may agree to extend the current tariff truce, in effect since November 2025 , by another year. The latest report in the South China Morning Post, headquartered in Hong Kong, cites multiple sources familiar with the discussions between Washington, D.C. and Beijing.Asian markets hit a new record high on Feb 12, extending their winning streak to a fifth straight day. With the latest rally, the MSCI Asia Index is up around 13% so far this year, its best start to the year relative to the S&P 500 this century, according to Bloomberg. The November 2025 rollback of tariffs and export controls followed an hour-and-forty-minute meeting between Trump and Xi in Busan, China. The two leaders agreed to...

The painting appeared at an auction in May 2025, before being withdrawn following a report to the NCHA by Pang Shuling, a descendant of Pang Zenghe. Pang and her lawyers subsequently visited the museum twice but the museum was unable to account for five of the donated paintings, including Spring in Jiangnan. The remaining 132 paintings still remain in the museum's collection. Investigators conducted inquiries across 12 provinces and municipalities, NCHA said  - interviewing more than 1,000 people and reviewing at least 65,000 documents. They collected more than 1,500 pieces of evidence and examined over 30,000 calligraphy and painting artefacts. ILLEGALLY SOLD FOR 25,000 YUAN An employee, surnamed Zhang, exploited her position managing state-owned assets - illegally trading cultural relics for personal gain, NCHA said. Zhang came across the Spring in Jiangnan painting back in 1997, which had been illegally transferred for sale and priced a t 25,000 yuan. "Believing there ...

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For a brief moment in early 2026, the world braced for another Middle East conflagration. Trump threatened strikes on Iran. US armadas set sail. Fighter jets relocated. The gun was loaded and ready to shoot. Then, suddenly, everything descaled. Not because Washington backed down, but because Riyadh said no. Saudi Arabia denied airspace. It denied bases. It denied the automatic loyalty that had defined Gulf security architecture for decades. The refusal carried weight because a dtente existed between Riyadh and Tehran. And that dtente carried a Chinese signature. On 10 March 2023, Beijing hosted the final trilateral talks that restored diplomatic ties between Iran and Saudi Arabia after seven years of rupture. Iraq and Oman had handled earlier rounds, but China stamped the guarantee. The arithmetic was simple. Iran depended on Chinese buyers for 90 per cent of its oil exports. Saudi counted China as a key customer. Embassies reopened. Non-interference pledges surfaced....

While many businesses are closed for the festive season, those who are feeling unwell during Chinese New Year will not have to worry.  1,095 general practitioner (GP) clinics will remain open at various times during the public holidays from Feb 16 to Feb 18, the Ministry of Health (MOH) said on Sunday (Feb 15). Those who require medical care during the holidays can visit the GPGoWhere website to check the list of clinics nearby and their opening hours by keying in their address or postal code.  A search by AsiaOne on the website showed that 22 clinics will be open 24 hours a day during the Chinese New Year public holidays.  Other clinics generally operate from morning until afternoon. The health ministry also advised the public to make an appointment or call the clinic before heading down. "Members of the public, including children, who feel unwell during the festive period are encouraged to visit a GP or a 24-hour clinic for minor conditions," MOH said. Those seeking ...

China's regional GDP growth in 2025 and 2026 targets reveal a shift in development patterns across the country as certain provinces benefit from manufacturing and tech booms while others fall short of expectations as a result tariff pressure and weak domestic demand. Meanwhile, 2026 and 2030 targets suggest the country expects slower growth in the coming year but for current momentum to last until the end of the decade and beyond. China's 31 mainland provinces, municipalities, and autonomous regions have released their 2025 economic indicators and official GDP growth targets for 2026, revealing new patterns of regional development. With an uneven set of 2025 growth results, local governments in regions that underperformed have lowered their targets for 2026, while most kept them unchanged from the previous year. Others still have posted robust growth, with manufacturing continuing to take off...

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