Amidst the escalating real estate crisis in China, Evergrande, a prominent player in the property sector, has sought bankruptcy protection in the United States aimed to safeguard its assets within the US while engaging in negotiations for an agreement with its creditors.
Qin Gang, 57, has been replaced by 69-year-old Wang Yi, who had previously served as the foreign minister and is now President Xi Jinping's top foreign policy adviser.
Tesla, led by Elon Musk, exceeded expectations by delivering 466,140 cars globally, while BYD, China's leading car brand, achieved its best-ever quarter with 700,244 fully electric and plug-in hybrid vehicle sales.
The Kela photovoltaic power station, located in the Yalong River Basin of the Tibetan Autonomous Prefecture of Garze, has a remarkable installed capacity of 1 million kilowatts, making it the largest hydro-solar power grid on the planet.
Chinese leader Xi Jinping and US Secretary of State Antony Blinken met in Beijing on June 19 in a potentially crucial step toward stabilizing the relationship between the United States and China, the world’s two largest economies.
Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan visited Tehran where he met Iranian President Ebrahim Raisi and Iran’s top diplomat Hossein Amir-Abdollahian
