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Overseas expansion adds fuel to Chinese energy storage firms’ hunt for bosses

Openings at overseas energy storage operations flood John Yang’s screen anytime he browses recruitment websites, with listed giants and small and medium-sized enterprises (SMEs) alike offering salaries well above those typically found in China’s manufacturing sector.
“Job seeking has never felt easier. The only worry is whether the new role could last beyond next year,” joked Yang, Thailand director at a Shenzhen-based energy storage firm.
Yang’s experience reflects the recent, rapid overseas…

US-China tensions ease as Bessent confirms call with counterpart He Lifeng

US Treasury Secretary Scott Bessent confirmed plans to speak with Chinese Vice-Premier He Lifeng on Friday in a further sign of easing tensions ahead of a potential meeting between the two countries’ leaders.
“The vice-premier, who is my counterpart, and I will be speaking this evening at around 8.30, 9 o’clock,” Bessent said at the White House on Friday.
The Treasury secretary added that He will also join him and a delegation in Malaysia “probably a week from tomorrow” to prepare for a meeting…

China’s rare earth export controls have gone global. Can it enforce them?

As more countries begin formulating contingency plans for their stocks of rare earth elements, analysts said China’s tightening control over its near-monopoly status in the supply and refining capacity of the minerals – an action taken as part of Beijing’s broader trade conflict with the US – could face challenges in enforcement.
Last week, China announced a sweeping expansion of its export control regime as it relates to rare earth elements – raw materials that are crucial components in the…
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