US investors are facing the growing risk of losing out on Shein’s potentially huge initial public offering, as the fast-fashion giant with Chinese roots considers holding it in London instead.
Monthly Archives For March 2024
China sets ambitious economic growth target for 2024
China announced an economic growth target of “around 5%” for 2024 at the opening annual gathering of the National People’s Congress. CNN’s Marc Stewart reports.
Philippines summons China diplomat over ‘aggressive’ actions in South China Sea
China’s coast guard said on Tuesday that it took control measures against Philippine vessels that illegally intruded into waters adjacent to the Second Thomas Shoal, which is a disputed atoll in the …
China Market Update: Premier Li’s Government Work Report Recap
Below are the key points from Premier Li’s government work report readout last night, which was attended by 5,100 delegates comprised of the National People’s Congress (NPC) and the Chinese People’s …
China’s two sessions gather strength for high-quality growth as nation vows development of new productive forces
Yang Jie, chairman of China Mobile and a member of the 14th National Committee of the Chinese People’s Political Consultative Conference (CPPCC), suggested that the country boost the “AI+” campaign at …
Videos Show China’s Water Cannon Attacks on US Ally
A Philippine supply boat came under heavy water cannon fire from two much larger China Coast Guard cutters. Manila reported at least four injuries.
China’s National People’s Congress holds annual meeting
Thousands of delegates have gathered for the annual National People’s Congress. The economy is at the top of the agenda, with China’s leaders announcing an ambitious 5-percent growth target. CNN’s …
China Sets High Bar for Growth—and Turns to an Old Crisis Playbook
The target of 5% growth this year came alongside a rare intervention typically reserved for emergencies.
Russia says it is considering putting a nuclear power plant on the moon with China
Russia and China are considering putting a nuclear power plant on the moon from 2033-35, Yuri Borisov, the head of Russia’s space agency Roscosmos said on Tuesday, something he said could one day …
AMD Will Reportedly Need Export License for AI Chips Aimed for China
Key Takeaways Advanced Micro Devices reportedly failed to make the artificial intelligence chip it tailored for the Chinese market weak enough to be sold without a license from the Commerce Department …
Chinese fast fashion brand Shein could have its wings clipped before it IPOs as France mulls 50% tariff and U.K. retailers call for closure of tax loophole
French lawmakers want to tax fast fashion’s environmental harms, while U.K. retailers want the government to close Shein’s parcel loophole.
China’s ‘two sessions’ 2024: defence budget signals military readiness, not imminent war, experts say
The 7.2 per cent growth earmarked for China’s military budget for this year is the same as 2023 and shows Beijing is not preparing for imminent war, but is taking strategically cautious steps to …
AMD hits US roadblock in selling AI chip tailored for China, Bloomberg News reports
Advanced Micro Devices has hit a U.S. government roadblock in its efforts to sell an AI chip tailored for the Chinese market, as Washington cracks down on the export of advanced technologies to …
