US President Joe Biden is poised to sign an executive order aimed at curbing critical U.S. technology investments in China
Monthly Archives For August 2023
China’s Manufacturing Slumps, Dragging Down Asia Factories
China’s manufacturing contracted in July, rippling through factories across Asia and signaling any turnaround in the region could still be far off.The Caixin manufacturing purchasing managers index …
China issues new round of COVID-19 vaccination plan for key groups
As the XBB subvariants of Omicron have become predominant in the country, the plan prioritizes the inoculation of vaccines that are effective against the highly immune-evasive XBB subvariants to brace for the upcoming autumn and…
China should act decisively to pull ‘sputtering’ economy back from the brink, says Cornell professor
Beijing doesn’t want to send a signal that it is in “panicky mode yet,” as policymakers want to show confidence that “they can manage the economic situation.”
China wants to mobilise entire nation in counter-espionage
China should encourage its citizens to join counter-espionage work, including creating channels for individuals to report suspicious activity as well as commending and rewarding them, the state security ministry said on Tuesday.
Yum China sticks to plan to open up to 1,300 new stores this year -CEO
Yum China Holdings , owner of the KFC and Pizza Hut chains in mainland China, plans to stick to a goal of opening up to 1,300 stores in 2023, as it still sees growth opportunities…
Toyota nearly doubles Q1 profit, China remains challenging
Toyota nearly doubled its operating profit in the first quarter, the Japanese automaker said on Tuesday, helped by increased sales and productivity as well as the tailwind from the weaker yen. “Sales volumes across all…
Column-China’s weak PMI means good news for commodities, for now: Russell
Bad news for China’s economy appears to spell good news for commodities, with prices of copper and iron ore gaining on hopes for new stimulus measures after yet another weak indicator.
China to develop its blockchain digital infrastructure by 2025
Shanghai, a city in China, issued an implementation plan on July 31, 2023, to support the development of its urban blockchain digital infrastructure system between 2023 to 2025, stated Cointelegraph.
China complains to US about ‘dangerous’ weapons aid to Taiwan
China said on Tuesday it has complained to the United States about a weapons aid package to Taiwan, urging Washington to refrain from going further down a “wrong and dangerous” path.
China pledges more loan support to business to spur economy
CHINA has pledged to boost credit to private companies and extend other funding measures to small firms as policymakers seek ways to shore up confidence and support the recovery. Read more at The …
China restricts civilian drone exports, citing Ukraine and concern about military use
China has imposed restrictions on exports of long-range civilian drones, citing Russia’s war on Ukraine and concern drones might be converted to military use …
Rain pelts Beijing for fourth day, northern cities on disaster alert
Relentless rain stretched into a fourth day in Beijing and nearby cities on Tuesday after a typhoon brought northern China non-stop precipitation and widespread flooding.
