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Caixin Global
Caixin Global

Business Brief (May 15): Putin Set to Visit China

Putin to visit China

Russian President Vladimir Putin is set to visit China soon, Kremlin spokesperson Dmitry Peskov said Thursday.

LandSpace launches Zhuque-2E Y5 rocket

Chinese private aerospace company LandSpace successfully launched the Zhuque-2E Y5 carrier rocket, delivering a 2.8-ton experimental payload into a 900-kilometer orbit. The mission marked a breakthrough in the rocket’s heavy-lift capability, paving the way for future multi-satellite launches and large satellite constellation projects.

NEWS SUMMARY

Brazil has decided to resume tax exemptions on cross-border small parcels, a move aimed at benefiting the country’s low-income consumers.

ByteDance has invested in humanoid robotics startup X Square Robot.

Chinese authorities are planning to introduce legislation to standardize the recycling of electric-vehicle batteries.

The Ministry of Commerce aims to build about 35 demonstration zones for services trade innovation by 2035.

Pakistani Prime Minister Shehbaz Sharif will pay an official visit to China from May 23 to 26.

Contact editor Lin Jinbing (jinbinglin@caixin.com)

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