DMCC has recorded a 16% rise in Chinese companies joining Dubai district, reaching over 1,000 firms as UAEāChina trade passes $102bn
China
Latest in China
China
US semiconductor firm Micron to halt server chip sales to China data centres
Since the ban, both NVIDIA and Intel have faced similar scrutiny from Chinese authorities and industry groups over alleged security risks, though no formal action has been taken against them
China
Saudi Arabia, China strengthen ties with $1.74bn investment deals in Beijing
Saudi Arabia and China signed $1.74bn in investment deals spanning smart vehicles, energy, and mining at the Saudi-Chinese Business Forum in Beijing
Beijing
Dohaās Hamad International Airport partners with Beijing Daxing to boost QatarāChina links
Hamad International Airport and Beijing Daxing International Airport sign a Sister Airport MoU to strengthen QatarāChina aviation, trade, and cultural ties
ByteDance
US, China reach TikTok framework deal
ByteDance has until Wednesday to secure a buyer for its US arm or risk being barred from operating in the country
China
Nearly 90% of Chinese firms plan Middle East expansion, with Saudi Arabia and UAE top destinations
PwC reports nearly 90 per cent of Chinese firms plan Middle East expansion, with Saudi Arabia and UAE top destinations. Profitability is rising as companies target tech, renewables, AI and biopharma
China
Qatar Airways and China Southern expand partnership to 64 weekly flights across Greater China
Qatar Airways and China Southern expand their codeshare with new DohaāBeijing flights from October
Aviation
Boeing reportedly close to a massive 500-aircraft deal with China
Bloomberg reports that Chinaās central authority have already started consulting domestic airlines about how many Boeing aircraft theyād need
China
China issues interim rules to tighten oversight of rare earths sector
Its dominant position in global supply has raised concerns among major economies about security of access
bilateral cooperation
India and China agree to restore flights and trade flow after minister Wang’s visit
Exact date for resumption of flights yet to be determined; countries agree to boost trade and investment, along with smooth facilitation of visas
Abu Dhabi
ADNOC L&S JV in China receives first of nine VLECs in major fleet expansion
āGas Yongjiangā to operate under 20-year charter contracts for the fleet, generating approximately $4bn in total revenue
China
UAE hands over top Chinese fugitive wanted for multimillion-dollar gambling crimes
UAE authorities have extradited a top Chinese fugitive accused of running a multimillion-dollar online gambling network
AMD
Nvidia, AMD to pay US government 15% of advanced chips sale to China
Nvidiaās H20 and AMDās MI308 ā required for AI-related use ā can now be sold; The companies had a combined sale of $23.2bn in China in FY2024
Aviation
Dubai’s Emirates launches 5th China route with daily flights to Hangzhou
The airline now operates 49 weekly flights to five major cities in China.
Abu Dhabi
Abu Dhabiās AD Ports Group establishes its first international office in China
Beijing-Tianjin office will help expand the Groupās presence in one of the biggest logistics markets in the world and serves emerging trade corridors
Aviation
Emirates begins Shenzhen service with Boeing 777-300ER aircraft from Dubai
Shenzhen becomes the first city in the Chinese mainland to receive Emirates’ retrofitted aircraft with cabin interiors and Premium Economy
China
UAE and China launch service centre to boost $400bn ChinaāArab trade
UAE and China launch service centre to enhance trade between economic powerhouses