Sept 8 — Baosteel, OuyE Industrial Products and Schaeffler (China) signed a three‑party strategic cooperation agreement. The parties will deepen coordination to expand joint development and application of high‑end steel materials, pursue low‑carbon technology innovation, and optimize supply chains, aiming to establish a benchmark for integration between high‑end steel manufacturing and precision industrial applications.

Longjian Co. said at its 1H2026 interim results briefing that fluctuations in its operating cash flow over the past three years are primarily due to industry cycles and macroeconomic shifts and reflect sector-wide pressure. The company cited an overall contraction in construction investment, a YoY decline in China’s construction industry value added, intensifying competition and widespread weakening of contractors’ cash-collection ability.

Hyundai Motor has agreed with the African Development Bank to cooperate on advancing Africa's energy transition and sustainable development, YONHAP reports.