Business Brief (May 26): China Suspends Some Rare Earth Exports to Japan

Published: May. 26, 2026 6:38 p.m. GMT+8

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China has suspended exports of certain rare earth products to Japan, with the Ministry of Foreign Affairs saying that the ban targets military-related uses. The ministry said the move aims to counter Japan’s remilitarization efforts and pursuit of nuclear weapons.

NEWS SUMMARY

Chinese shipbuilders have secured more than 90% of global orders for very large crude carriers.

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China suspends rare earth exports to Japan, targeting military uses and citing remilitarization and nuclear weapons pursuits.
Chinese shipbuilders secure over 90% of global orders for very large crude carriers.
Alibaba signs cooperation agreements with Pakistan; HKEX declines comment on computing power futures rumors.

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Who’s Who

Alibaba Group: Alibaba Group has reached multiple cooperation agreements with Pakistan, according to recent reports. These agreements aim to strengthen business ties and expand operations between the Chinese e-commerce giant and Pakistan. No further details on the specific deals have been disclosed at this time.

Hong Kong Exchanges and Clearing Limited (HKEX): HKEX responded to rumors about computing power futures, stating it has no comment at present but will announce relevant information in the future.

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What Happened When

2026：: Chinese shipbuilders have secured more than 90% of global orders for very large crude carriers.

2026：: Alibaba has reached multiple cooperation agreements with Pakistan.

2026：: The Hong Kong Stock Exchange responded to rumors about its plans for computing power futures, saying it has no comment at the time but will announce any relevant information in the future.

AI generated, for reference only