Factory activity in China contracted for a fifth straight month in August, adding pressure on Beijing to roll out more stimulus measures to bolster the faltering economy.
Monthly Archives For August 2023
China defence ministry: Military communication has not stopped with US
China’s Ministry of Defence said on Thursday that military-to-military communication between Beijing and Washington has “not stopped”, amid high tensions between the two superpowers over the South China Sea,
China approves ChatGPT rivals from Baidu, others
STORY: ChatGPT sparked a global race to harness the power of artificial intelligence. Now the Microsoft-backed sensation may be about to get some serious new rivals from China.Beijing on Thursday (August 31) allowed the public…
Exclusive-China’s Xi likely to skip G20 summit in India – sources
By Krishn Kaushik, Laurie Chen and Martin Quin Pollard NEW DELHI/BEIJING (Reuters) – Chinese President Xi Jinping is likely to skip a summit of G20 leaders in India next week, sources familiar with the matter…
China hones anti-submarine capabilities amid South China Sea tensions
China’s military said it had recently held intensive anti-submarine exercises in the strategically important South China Sea as part of efforts to hone its capabilities amid rising maritime tensions with its neighbours and their allies.
CEOs have committed to reducing reliance on China—but can’t settle on an alternative
But here’s the bottom line: Most Western companies have quietly concluded it is in their interest to reduce their reliance on China—whether to avoid Chinese authoritarianism and aggression or Western …
Crisis in China’s ‘Shadow Banking’ Sector Leads to Defaults
A major Chinese trust company, Zhongrong International, has missed payments on multiple investment products, sparking fears about the sector as a whole …
Japan vows to overturn China’s ban on seafood import
Japan’s Prime Minister Fumio Kishida said on Thursday (August 31) he would compile measures to help the fishing industry hit by China’s ban on Japanese seafood, after visiting Tokyo’s biggest fish …
China’s PMI stays sluggish, but commodity imports are still robust: Russell
The official purchasing managers’ index (PMI) rose to 49.7 from 49.3 in July, the National Bureau of Statistics said on Thursday …
Thursday briefing: What we learned from the foreign secretary’s trip to China
The UK foreign secretary met senior Chinese officials for talks in Beijing – was there anything to gain?
China’s Baidu makes AI chatbot Ernie Bot publicly available
Chinese search engine and artificial intelligence firm Baidu has made its ChatGPT-equivalent language model, Ernie Bot, fully available to the public.
Trains suspended, people warned away from the coastline as Typhoon Saola churns toward south China
Chinese state media report at least 121 passenger trains are suspending service in anticipation of the arrival of Typhoon Saola, while people in coastal areas of southern China were being warned to …
The U.S. and China Are Talking Again. Where It Will Lead Is Unclear.
Gina Raimondo, the U.S. commerce secretary, and her Chinese counterparts agreed to continue economic talks, but such dialogues have a disheartening record.