His written comments, exclusive to CNBC, come as Beijing has stepped up efforts to encourage visits from foreign tourists and business people.
Monthly Archives For February 2024
China bid to ‘cheat’ its way to chip prominence failing -Taiwan’s US envoy
China has sought to “cheat” and “steal” its way to matching Taiwan in chip technology, but has yet to succeed despite investing huge sums, Taiwan’s de facto ambassador to Washington said on Wednesday, …
China property defaults won’t stop banks lending to cash-strapped developers, says Goldman Sachs report
China’s property downturn and recent slew of defaults are unlikely to rattle overseas creditors or deter domestic banks from channelling resources towards cash-strapped developers, according to the …
As China battles to shore up battered markets, investors hold out for more
China’s ousting of its securities watchdog head on Wednesday drew a muted cheer from markets, with investors holding out for bigger measures that would tackle the root of the malaise gripping the …
FirstFT: China replaces head of market regulator as it battles sell-off
Also in today’s newsletter, Netanyahu rejects ‘delusional’ Hamas terms for hostage deal and Alibaba puts IPO for its logistics arm on hold …
Social media chatter helps draw 3 million tourists in 3 days to a frigid city in northern China
Following a flurry of social media chatter, Harbin attracts a record-breaking number of visitors during the three-day New Year holiday.
Two Cases Aim to Cut Off China and Iran From U.S. Technology
In one case, material stolen from a private company would help the development of technology to track ballistic and hypersonic missiles, U.S. officials said.
ASIA Charting China’s battle with deflation
China’s battle with deflation is symptomatic of the economy’s patchy rebound from the pandemic, imploding property sector, high debt and leverage across the economy, and slumping asset markets.
China ‘clearly wants’ Ukraine war to end, top Swiss diplomat says after seeking Beijing’s help on global peace summit
Beijing ’wants to stop the war’, Switzerland’s Foreign Minister Ignazio Cassis says, though there is no ‘immediate answer’ on whether Chinese President Xi Jinping will join Swiss-hosted peace summit.
China-backed Volt Typhoon hackers have lurked inside US critical infrastructure for ‘at least five years’
China-backed hackers have maintained access to American critical infrastructure for “at least five years” with the long-term goal of launching “destructive” cyberattacks, a coalition of U.S.
China Market Woes Not Over: Talk Is Cheap, But Urgent Action Is Needed
China’s economy faces deep structural problems, analyst says, but a broader financial crisis or economic recession is unlikely.
China’s new energy vehicle sales drop m/m for first time since Aug
China’s new energy vehicle sales fell 38.8 per cent versus the previous month, the first such drop since August 2023, industry data showed, as demand faltered in the world’s largest auto market …
Taiwan axes tour group travel to mainland China, blames lack of goodwill from Beijing
Taiwan on Wednesday suspended a plan to allow local agencies to organise tour groups to mainland China after the Lunar New Year holiday, citing a failure by Beijing to reciprocate the goodwill gesture …
