Further, China intended to tighten its financial industry, including cutting down sell-offs in its stock market. A report from BBC News revealed this development, highlighting a loss of almost $6 …
Monthly Archives For March 2024
Apple to Collaborate with Baidu for AI-Powered iPhone Features in China
Apple is in discussions with Baidu, to introduce AI features into future iterations of AI-Powered iPhones sold within China.
China’s Didi swings to profit in fourth quarter
Didi Global, China’s largest ride-hailing company, on Saturday reported a fourth-quarter profit, indicating that the Chinese ride-hailing leader has gradually recovered from difficulties after …
China’s Xi set to meet with international CEOs
China’s leader, Xi Jinping, may be hoping the personal touch will help stop his country’s financial bleeding caused by foreign corporations “de-risking” from China. Xi is scheduled to meet with more …
Xi Jinping’s Historians Can’t Stop Rewriting China’s Imperial Past
A vast effort to draft an official history of the Qing dynasty hangs in limbo as China’s leader demands it be bent to his vision.
China coast guard says it took measures against Philippine vessels in South China Sea
China’s coast guard said it had taken control measures against Philippine vessels in disputed waters of the South China Sea on Saturday, while the Philippine coast guard decried the moves as …
China rolls out cross-border trade in services negative lists
finance and culture, the ministry said. Such moves are China’s major measures to align itself with high-standard international economic and trade rules and boost institutional opening up. China …
China is investigating the role of Big 4 accountant PwC in $78 billion Evergrande fraud case
Last year, the Ministry of Finance slapped a record 212 million yuan fine on Deloitte’s China unit and suspended the operations of its Beijing office for three months for “serious audit deficiencies” …
‘Insane’: Xi’s call for ethnic Chinese to tell Beijing’s story stirs anger
In 1965, thousands of Indonesian Chinese were killed in anti-communist purges following an alleged failed coup that the government blamed on local communists. For decades afterwards, the government …
China’s SMIC may have violated American law to make Huawei chip
China’s top chipmaker may have violated American laws by making a processor for sanctioned telecom giant Huawei, sending its shares plummeting in Hong Kong.
Sportswear brands bullish on local scene
The international market continues to be underpenetrated and represents 21 percent of the business for Lululemon, according to McDonald. The company operates 711 stores across the globe.
Stock market mulls future as IPOs slow
Dong Zhongyun, chief economist at China AVIC Securities, said a tighter regulatory grip over IPOs can reduce the number of disqualified and risky companies in the market. The A-share market’s systemic …
Pentagon uses China-owned tutoring company that could weaponize military data, GOP lawmakers say
Ark., are trying to prohibit the DOD from using a ‘Chinese-owned’ tutoring service for U.S. military members and their families.
