A little over four decades ago, Shenzhen was a fishing town on China’s south coast. Today, it boasts the highest GDP per capita in China ‘The Silicon Valley of China’ is now home to tech…
Monthly Archives For July 2023
IMAX Proposes to Take Full Control of China Unit in $124 Million Deal
(Reuters) – Cinema operator IMAX said on Wednesday it has proposed to acquire full ownership of its Hong Kong-listed, China subsidiary in a deal valued at about $124 million. The acquisition of IMAX …
HSBC builds up China green finance, bonds teams in funds push – sources
HSBC is building up its green finance and bond teams in China to meet surging demand, two sources with knowledge of the matter told Reuters, as Europe’s biggest bank presses on with expansion in the…
Microsoft discovered US state department emails were being hacked by China — and the investigation began the same day Blinken visited Beijing
US Secretary of State Antony Blinken left for a long-anticipated and critical trip to China on the same day Microsoft began investigating the hacks.
China’s US envoy goes to Pentagon for rare security-related talks
China’s ambassador to the United States held a rare meeting at the Pentagon on Wednesday with the top U.S. defense official for Asia, the Pentagon said, in talks that followed U.S. criticism of Chinese reluctance…
China’s Economy Is Struggling. That’s Not Stopping the Wealthy from Spending.
China’s renewed interest in luxury goods could be good news for premium brands such as Chanel and Louis Vuitton heading into second-quarter earnings season. Already a subscriber? Sign In …
China successfully launches first methane-propelled rocket
A methane-fueled rocket, launched by China, has reached orbit for the first time, beating out potential competitors from the United States and indicating a renewed effort by that nation to land …
Analysis:China’s slow AI roll-out points to its tech sector’s new regulatory reality
China has joined the global rush to generative artificial intelligence, boasting close to 80 AI models from firms like Baidu and Alibaba and startups attracting almost $14 billion of funding over the …
Jon Tester demands crackdown on China acquiring US technology after Chinese spy balloon
Sen. Jon Tester (D-MT) demanded on Wednesday that the United States crack down on the Chinese Communist Party obtaining U.S. technology after a spy balloon infiltrated U.S. airspace earlier this year.
China Online Apparel Supplier’s Shares Double In Debut, Minting New Billionaire
Shares in China apparel supplier Sailvan Times doubled on the first day of trading at the Shenzhen Stock Exchange today, adding a new billionaire to the country’s ranks. Chairman Chen Wenping’s …
Communist Party cells influencing U.S. companies’ China operations, FBI Director Wray says
The Chinese government has “exploited” joint business ventures in search companies’ secrets and information, Wray told the House Judiciary Committee.
Mexico replaced China as America’s top trade buddy — and it shows how the global economy is rapidly transforming
Trade between the US and Mexico reached $263 billion during the 4 months of 2023 — passing the value of goods flowing between America and China.
China Should Provide More Policy Support Despite June’s Better-Than-Expected New Lending, Experts Say
Even though new lending and social financing beat expectations last month, experts believe more fiscal and monetary policy support should be enhanced to counter China’s slowing recovery and boost …
