The bad news just keeps coming for China’s ailing economy, with data released Thursday showing that exports tanked 12% in June.
Monthly Archives For July 2023
China’s June crude imports soar 45.3% y/y as inventories build
China’s crude oil imports in June jumped 45.3% on the year to the second-highest monthly figure on record, customs data showed on Thursday, with refiners building up inventories despite tepid domestic …
Air Force general who predicted war with China leads ‘unprecedented’ training exercise
I don’t believe conflict is inevitable. I don’t believe it’s unavoidable,” Gen. Mike Minihan told NBC News. “But I also believe that ready now is what matters most.” …
China to introduce offline payment mode for digital yuan
The Bank of China, a state-owned bank in China, is expected to conduct trials for an offline payment system which will be connected to SIM cards. It is expected that this payment method is designed…
People’s Daily unit issues first ‘data certificates’ in China to prove data ownership and rights
People Data, a unit under the People’s Daily, has issued certificates covering data ownership, data processing rights and data management rights The company, which hopes to build a nationwide data …
China brands US a ‘global hacking empire’ – while denying government attack
China has called the US government ‘the world’s largest hacking empire’ in response to a Microsoft report accusing Chinese state-sponsored hackers of snooping on US government emails.
Mitsubishi’s China JV to cut staff costs after SUV sales dive
Mitsubishi Motors’ joint venture with China’s Guangzhou Automobile Group (GAC) on Thursday said it would cut staff costs in an attempt to turn the company around after sharp sales declines for sport …
China’s Role in Putin’s War Might Be Backfiring
The deepening strategic cooperation between Moscow and Beijing is raising concerns among NATO members and their Indo-Pacific partners.
German Cabinet Passes China Strategy – Govt Sources
BERLIN (Reuters) – Germany’s cabinet on Thursday passed its long-awaited China strategy, government sources said, after months of wrangling within Chancellor Olaf Scholz’s three-way coalition over how …
China publishes interim rules on generative AI
China issued interim measures on Thursday to manage its booming generative artificial intelligence (AI) industry, saying they would apply only to services offered to the public as regulators seek to …
China’s Huawei Says It Earned Patent Revenues of $560 Million Last Year
SHENZHEN, China (Reuters) – Chinese tech giant Huawei Technologies received $560 million in royalty revenues in 2022, Alan Fan, its head of intellectual property (IP), said on Thursday in a speech at …
Chip wars: How ‘chiplets’ are emerging as a core part of China’s tech strategy
The sale of struggling Silicon Valley startup zGlue’s patents in 2021 was unremarkable except for one detail: The technology it owned, designed to cut the time and cost for making chips, showed up 13 …
Lawmakers Warn Tuberville’s Blockade on Military Promotions Helps China
“The Marines are in the midst of this very dramatic transformation that’s very focused on China, the Indo-Pacific,” Tim Kaine said. “This only makes it harder” …
