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Malaysian PM Rejects China’s Demands to Halt Oil Exploration in South China Sea
Malaysian Prime Minister Anwar Ibrahim has pushed back against Beijing, saying his country will continue its oil and gas exploration projects in the South China Sea. His remarks followed a leaked diplomatic note issued by the Chinese Foreign Ministry to the China’s Steel Industry Faces Harsh Reality as Overcapacity Compounds Other Issues
China’s steel industry is facing a reckoning amid overcapacity, reduced domestic demand, and global resistance to Chinese dumping. Insiders say the sector needs to remove 20 to 30 percent of its current capacity. Powered by the property market, which accounts Beijing Complains as Netherlands Restricts Exports of Advanced Chipmaking Machines
China’s ruling communist party expressed discontent on Saturday after the Netherlands updated its export control rules to include two more advanced chipmaking machines by the Dutch company ASML. The photolithography machines, ASML’s TWINSCAN NXT:1970i and 1980i