A lawmaker looking to limit exports of AI and other technology to China warns that Beijing is using that tech to oppress its own people, and could use it against the U.S.
Monthly Archives For May 2023
US Chamber of Commerce warns of major increase in risks for businesses in China
The United States Chamber of Commerce has warned that rising scrutiny of American firms in China “dramatically increases” the uncertainties and risks of doing business in the country.
Alibaba founder Jack Ma takes up teaching post in Tokyo
Alibaba’s founder Jack Ma is starting a teaching position in Japan as the Chinese entrepreneur begins to reassume a public profile after largely disappearing from view during Beijing’s crackdown on …
Italy signed up to China’s Belt and Road Initiative. Now it’s having second thoughts
In 2019, Rome sent shockwaves throughout the Western world when it signed up to the BRI — China’s massive infrastructure and investment plan aimed at boosting its influence across the world. At the …
Column-Soft China PMI likely to flow through to uneven commodity demand: Russell
The surprise contraction in China’s manufacturing index in April, coming after first quarter growth exceeded expectations, underlines the uneven nature of the recovery in the world’s second-biggest …
China’s digital talent gap widening amid hi-tech, smart sectors push, reports say
Digital worker shortage in smart manufacturing sector will grow to 5.5 million by 2025, a recent report forecast Biggest shortages are in interdisciplinary and hi-end skills, says product expert at …
Eyeing China, Biden official floats a new ‘Washington consensus’
“The so-called ‘China shock’ that hit pockets of our domestic manufacturing … The new dispensation, argued the Financial Times’s Luce, is a “pessimistic” one where the United States “cannot make …
One in 5 young people in Chinese cities are out of work. Beijing wants them to work in the fields
As the jobless rate among China’s youth soars, the country’s richest province has offered a highly controversial solution: Send 300,000 unemployed young people to the countryside for two to three years to find work.
China new home prices up slightly in April, less cities post gains – survey
Prices of new homes in 100 Chinese cities rose a touch in April in an extension of modest gains seen in March, a private survey showed on Monday, as government support measures stoked demand in…
China Box Office: ‘Born to Fly’ Leads Busy May Day Weekend
Born to Fly,” an action movie about the prowess of the Chinese air force and the bravery of its aviators, topped the China box office chart over a weekend that led into the nearly week-long…
China factory activity unexpectedly shrank in April
China’s manufacturing activity unexpectedly shrank in April, official data showed on Sunday, raising pressure on policymakers seeking to boost an economy struggling for a …
China’s crackdown on high-flying finance executives sends jitters across brokerage industry
Executives in the China’s top brokerages have taken massive pay cuts after the finance sector came under scrutiny from regulators The Communist Party’s top disciplinary watchdog warned that pay in the …
Asian Development Bank calls on countries to fight protectionism as US-China ties sour
Masatsugu Asakawa, president of the Manila-headquartered Asian Development Bank, said prolonged or intensified trade uncertainty between the world’s two biggest economies risked disrupting economic …
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