China will closely follow the progress of European Union discussions on an 11th tranche of sanctions against Russia that could result in restrictions in trade with China, Shu Jueting, a commerce …
Monthly Archives For June 2023
US defense chief calls China’s refusal to meet unfortunate during visit to Tokyo for talks
U.S. Secretary of Defense Lloyd Austin is stressing the importance of communication between Washington’s and Beijing’s defense authorities …
Foreigners pull more money out of China in May
Foreign investors’ selling of Chinese shares gained some momentum in May, as flagging domestic demand and expectations for weak corporate earnings led to steep falls on mainland and Hong Kong stock …
China’s Henan plans ‘zero-dynamic’ end to youth unemployment
China’s Henan province has unveiled a 100-day plan to “dynamically clear” youth unemployment as concern grows over record levels of joblessness among young adults, with millions more students due to …
Hong Kong Launches Retail-friendly Rules For Crypto Exchanges
Hong Kong opened its arms to the virtual asset world on Thursday, launching new retail-friendly rules for the city’s crypto exchanges. The Chinese finance hub is pivoting to embrace crypto despite …
Chinese Brands Yield to Surging Alibaba Rival Pinduoduo Despite Squeezed Prices
Pinduoduo is gaining more traction as several renowned Chinese brands, including home appliance maker Galanz and Whirlpool China, have opened stores on the platform. In the first quarter, Pinduoduo …
China: Beijing Had Begun Drilling 10,000 Metre Hole into Earth’s Crust
China has initiated the digging of a 10-kilometer-deep hole in Earth’s crust. The world’s second-largest economy explores the interior of the planet. Beijing is moving fast in its aspirations of exploring new frontiers of the…
Beijing’s cultural industry achieves double-digit growth in Q1
In Q1, the cultural enterprises above the designated size recorded an operating income of 445.34 billion yuan, an increase of 13.1% year on year. The revenue generated by emerging cultural businesses accounted for over one-fourth…
China AI startup MiniMax raising over $250 mln from Tencent-backed entity, others – sources
Chinese startup MiniMax, working on AI solutions similar to that of Microsoft-backed OpenAI’s ChatGPT, is close to completing a fundraising of more than $250 million that will value it at about $1.2 …
How a little known start-up predicted China’s deadly Covid outbreak
As China wound-up its zero-Covid policy, a small team of researchers warned the country was about to be hit by a lethal surge in cases …
Elon Musk met with Chinese Vice Premier Ding in Beijing -source
Tesla Inc CEO Elon Musk met with Chinese Vice Premier Ding Xuexiang on Wednesday afternoon in Beijing, a source familiar with the matter said. The source declined to provide details of the discussions …
US and China are on a collision course that could risk conflict
G7 sought deterrence without escalating new cold war but Beijing responded with rage
Why Is China Drilling a 33,000-Feet Hole in Xinjiang?
The narrow shaft will penetrate over 10 continental strata and reach the cretaceous system that features rock dating back 145 million years
