ROME (Reuters) – Italy made an “improvised and atrocious” decision when it joined China’s Belt and Road Initiative (BRI) four years ago as it did little to boost exports, Italian Defence Minister Guido Crosetto said…
Monthly Archives For July 2023
Decoupling from China ‘an illusion’, French finance minister says
France’s finance minister said during a visit to Beijing on Sunday that cutting all economic ties with China was “an illusion”, as some Western countries question their reliance on the Asian giant.Le Maire’s remarks come…
China says US military aid to Taiwan will not deter its will to unify the island
TAIPEI: China has accused the United States of turning Taiwan into an “ammunition depot” after the White House announced a US$345 million military aid package for the island. China’s Taiwan Affai …
China’s concertgoers splash the cash, but is revenge spending sustainable to rock the economy?
More than 500 large-scale concerts and music festivals have been held in China since the start of the year, bringing in 2.5 billion yuan (US$350 million) in ticket salesBeijing had hoped consumption …
France’s Le Maire presses China on market access and lobbies for electric car investment
BEIJING (AP) — The French finance minister said Sunday he pressed Chinese leaders to open their markets wider to foreign companies and lobbied for investment in France’s electric car industry, as the European Union’s second-largest…
Crackdown on DAOs in China: A Closer Look at the Legal Implications
In a recent development, several core members of a well-known Decentralized Autonomous Organization (DAO) in China have been arrested. The news, shared by the Twitter account (@wublockchain12), …
Beijing goes into red alert for rainstorms
Beijing Meteorological Service issued a red alert, the country’s highest alert level for rainstorms, at 5: 30 pm on Saturday. It said from Saturday night to Tuesday night, the city will be lashed by heavy…
Chinese local governments roll out the red carpet for Big Tech firms as Beijing shifts stance
Several Chinese cities, such as Beijing and Hangzhou, have already inked cooperation deals with internet giants The Chinese government is ending more than two years of crackdowns on the tech sector amid a slowing economy…
Le Maire says France wants better China market access
French Finance Minister Bruno Le Maire said in Beijing on Sunday his country wants to get better access to Chinese markets.
China-Founded Rivals Ramp Up War for American Shoppers
Online sellers Shein and Temu are fighting in U.S. courts, alleging dirty tricks as they duel for workers and suppliers back in China.
How China’s hidden debt risk ‘comes from its system’, and why local governments are beholden to Beijing
China’s zero-Covid policies and its post-pandemic recovery efforts have strained finances at local levels, pushing debt to an all-time high this year – twice what it was in 2017 – with little help …
China defends trade with Russia after US warnings
The Chinese government defended its dealings with Russia as “normal economic and trade cooperation” Friday after a U.S. intelligence report said Beijing possibly provided equipment used in Ukraine …
WeChat: Why does Elon Musk want X to emulate China’s everything-app?
Musk is an admirer of Chinese mega-app WeChat, which combines messaging, social media, finances, dating, and more.
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