China’s exports to North Korea fell 6.6% last month versus May, customs data shows, though they remained eight times higher than in June 2022 when the secretive state was reporting tens of thousands …
Monthly Archives For July 2023
China Is Striking Back in the Tech War With the U.S.
On October 7th, the U.S. government committed to stopping China from becoming an AI-enabled authoritarian superpower. Things got tougher for China in March 2023, when Japan and the Netherlands announced that they were also adopting…
A Speedo vs ‘outdated swimwear’ analogy has officially entered the US-China tech war conversation
The US-China chip war is like a swimming meet where one person is in a speedo and the other is in wearing “outdated swimwear,” says China’s envoy to Washington.
China says two policies to support business coming soon
Business sentiment has generally soured amid lackluster economic growth after China’s initial recovery from the pandemic.
China doesn’t want a trade war with the US but will retaliate against further curbs, ambassador says
Last month, Secretary of State Antony Blinken traveled to China on a visit focused on reopening communication channels between the two countries and reviving stalled talks between their militaries. Get U-T Business in your inbox…
China is a world leader in rural tourism, says UNWTO senior official
China is now a world leader in the field of rural tourism, and the World Tourism Organization (UNWTO) is looking forward to the full recovery of China’s inbound and outbound tourism market, said a …
EXCLUSIVE: Manila’s Envoy to Beijing Weighs-In On Recent US-China Tensions
Philippines Ambassador to China, North Korea, and Mongolia, Jaime Florcruz sits down for an exclusive interview with The Cipher Brief.
China Doubles Size of August’s Sovereign Yuan Bond Issuance in Hong Kong to USD1.7 Billion
(Yicai Global) July 20 — China’s Ministry of Finance is doubling the size of its second bond issuance this year in the Hong Kong Special Administrative Region, which is due to be released next month,…
China’s digital yuan nears $250B transaction volume: Central bank governor
China’s CBDC, the digital yuan (e-CNY), has processed nearly $250 billion worth of transactions according to the country’s central bank governor Yi Gang, a more than a 70% increase from August last …
China’s Guangxi sees foreign trade surge 43.2% in H1
Trade between Guangxi and the Association of Southeast Asian Nations, its largest trading partner, amounted to 161.38 billion yuan, a whopping 92.6 percent growth year-on-year, accounting for 47.6 …
China vows to support private businesses in bid to boost economic growth
China has promised to throw its weight behind private businesses, just days after a slew of economic data showed growth momentum had slumped.
China’s foreign minister goes missing
However this episode ends, it is a reminder that China’s capital, for all its Tesla showrooms and Apple stores and outward marks of globalised modernity, remains a tough place. It is a city of secrets…
Yellen visits Vietnam to build US ties and push supply chain diversity to offset tensions with China
U.S. Treasury Secretary Janet Yellen has told top Vietnamese officials that Washington considers building strong economic and security ties with Vietnam a priority.
