China faces record-breaking heatwaves and is battling a power outage in the Yangtze river area. Extreme temperatures have disrupted crop growth and threatened livestock.
Monthly Archives For August 2022
Robotaxis are taking over China’s roads. Here’s how they stack up to the old-fashioned version.
Tech giant Baidu has human-monitored self-driving test cars rolling around in 10 cities, and it just got clearance to use some without any human oversight.
China’s Yangtze River is running dry amid scorching temperatures
China is suffering its worst drought on record as soaring temperatures dry up key parts of the Yangtze River, damaging crops and limiting drinking water supplies in some rural communities. The …
Fears for China’s property market as Country Garden sees profits fall
Country Garden, which is China’s largest real estate firm, reported its half-year profit had fallen to between £550m and £612m from £1.9bn a year earlier.
Russia is now the 3rd-biggest market for yuan transactions outside of mainland China as sanctions block dollar, euro payments
SWIFT data shows Russian companies and banks were involved in nearly 4% of global transactions using the yuan.
Corn and Soybeans Rebound on Export Demand, Wheat and Livestock Down
After early pressure in the grains, corn and soybeans have come back with supportive demand news on weekly new crop exports and China buying. Wheat and livestock continue under pressure as China U.S.
Tapestry, Estee Lauder among luxury brands hit by China’s covid shutdown
Tapestry and Estee Lauder forecast full-year earnings below estimates on Thursday, underscoring the hit global luxury goods companies are taking from China’s covid-19 lockdowns. Major Chinese cities …
Annual World Robot Conference kicks off in Beijing
Beijing, ChinaWith Chinese-speaking Albert Einsteinrobot dogsand a humanoid that can interpret human facial expressions(Xier, R&D engineer, Exrobot) “We hope that in the future, in terms of elderly …
Beijing calls on Hollywood to show more «respect» for Chinese culture and customs
The Chinese government has asked the U.S. film industry for more «respect» for the culture and customs of the Asian giant, which has vetoed the release of major Hollywood productions …
China renews threats, condemnations after US announces formal trade talks with Taiwan
The U.S. will hold formal trade talks with Taiwan this fall in a move that has further outraged the Chinese government. China continues to hold escalating military drills.
China’s non-financial ODI up 4.4 percent in Jan.-July
China’s non-financial outbound direct investment (ODI) reached 424.28 billion yuan in the first seven months of the year, up 4.4 percent year on year, official data showed Thursday. In U.S. dollar …
China’s chips push is mired in corruption allegations
China’s habit of pouring cash into strategic industries creates opportunities for corruption. Just look at the microchip business. The “Big Fund” was created in 2014 to spur self-reliance in …
Summers Says China-Surpassing-US Is Japan 1990 All Over Again
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.Most Read from BloombergApple Targets Sept. 7 for iPhone 14 Launch in Flurry of New DevicesBiden Called …
