China reaffirmed its support for Russia on Sunday, a day after the short-lived insurrection led by Wagner chief Yevgeny Prigozhin. CNN’s Anna Coren has a closer look at what Beijing is saying publicly …
Monthly Archives For June 2023
Trump’s Trade Chief Proposes New Tariffs on All Chinese Imports
The architect of Washington’s trade war with China said the US needs to unilaterally raise tariffs on all Chinese imports in order to limit economic ties with America’s biggest adversary.
50 Chinese nationals detained in Libya for crypto mining
The issue of crypto mining is not unique to Libya. Many countries worldwide, including China—once a global leader in producing virtual currencies—have banned crypto mining. Since June 2021, China has …
China FM urges US to stop politicizing COVID-19 origins-tracing
China urges the US to immediately stop politicizing, instrumentalizing and weaponizing the tracing of the origins of COVID-19, and stop smearing and shifting the blame to other countries, Chinese …
China’s cyberspace chief raises concerns over the power of generative AI, pledges to make it ‘controllable’
China’s top internet regulator has expressed concerns over the power of generative artificial intelligence (AI) and its potential for disruption, reflecting Beijing’s balancing act in trying to leverage but also control ChatGPT-style technologies.
New Zealand PM sparks row after flying to China with backup plane
Reserve aircraft flew to Manila amid reliability concerns after ex-leaders Ardern and Key suffered breakdowns
China owns 300,000 acres of land in the U.S. Here’s where
Chinese companies and individuals own farmland across America. But lawmakers in Washington are pushing to block any purchases that could be connected to the Chinese Communist Party.
China science, technology news summary — June 26
The following is a summary of published science and technology news of China. ORIGIN, EVOLUTIONARY MECHANISM OF SNAKES. Chinese scientists have recent …
NIM to offset China CITIC Bank elevated credit costs: Moody’s
The reopening of mainland China will drive sales of wealth management and insurance products. China CITIC Bank is expected to keep a stable financial profile in the next 12 to 18 months due to its…
Duty-free imports get legislative opposition
Conservatives anxious to counter America’s leading economic adversary have set their sights on a top trade priority for labor unions and progressives: cracking down on the deluge of duty-free packages …
China’s JD.com to open grocery stores by merging 7Fresh, other units
Chinese e-commerce giant JD.com plans to open retail grocery stores through the merger of its 7Fresh supermarket unit with other business lines such as its group-buying arm Pinpin, a company …
China’s Price War Favors the Cars Beijing Is Trying to Phase Out
A dangerous cocktail of intensifying competition, weak consumer spending and sluggish car sales has led to a slew of price cuts in China only extending and deepening — and electric vehicles aren’t necessarily the ones benefiting.
Berkshire Hathaway Sells $86.3 Million Worth of Shares in China’s BYD
HONG KONG (Reuters) – Berkshire Hathaway, the investment company owned by Warren Buffett, has sold 2.53 million Hong Kong-listed shares of electric vehicle maker BYD for HK$675.80 million ($86.3 million), a stock exchange filing showed.
