A document published by the nation’s cabinet on Friday promises to promote the ‘high-quality’ development of China’s capital market by strengthening supervision and guarding against risks.
Monthly Archives For April 2024
Luxury goods industry braced for trouble as slowdown in demand from China hits sales
The luxury goods industry is braced for trouble as a slowdown in demand from China hits sales. LVMH will be the first major player to shed light on business when it updates investors next week.
Xi Jinping’s chief of staff urges business mogul to boost US-China ties at ‘critical crossroads’
Cai Qi, China’s No 5 official, holds rare meeting with influential American businessman John Thornton, who was granted unprecedented access to the country during Covid-19 era.
China is giving Russia significant support to expand weapons manufacturing as Ukraine war continues, US officials say
China is helping Russia ramp up its defense industrial base at such a large scale that Moscow is now undertaking its most ambitious expansion in military manufacturing since the Soviet era as it …
Dave McCormick’s former company invested in Chinese manufacturers of military equipment: Report
While McCormick was CEO or co-CEO of Bridgewater Associates, the hedge fund held more than $200 million in stock in at least 20 Chinese companies that were later sanctioned by the United States for …
US intelligence finding shows China surging equipment sales to Russia to help war effort in Ukraine
China has surged sales to Russia of machine tools, microelectronics and other technology that Moscow in turn is using to produce missiles, tanks, aircraft and other weaponry.
China’s Banks Hit Russia’s War Economy
Chinese trade and financial inflows have helped buoy Russia’s isolated economy since President Vladimir Putin ‘s invasion of Ukraine two years ago, but the strategic partner’s banks are increasingly …
China March iron ore imports edge up, steel exports near 8-year high
China’s iron ore imports in March rose about 0.5% from a year earlier, customs data showed on Friday, amid expectations that demand will pick up after the Lunar New Year holiday break as steelmakers …
China to ‘intensify high-level exchanges’ with North Korea, No 3 official Zhao Leji says in marking 75 years of ties
Latest high-level visit comes as North Korea warms to Russia, and the US and its allies step up defence bonds with an eye on both Pyongyang and Beijing.
China Urges its Telecom Makers to Phase Out U.S. Chips
The state demand to stop using foreign chips will hit Intel and AMD, and highlights the mix of protectionism and competition in the U.S.-China economic relationship.
America is the undisputed world leader in quantum computing even though China spends 8x more on the technology–but an own goal could soon erode U.S. dominance
China committed $15 billion to its quantum computing capacity–more than double the EU pledge and 8 times what the U.S. government plans to spend.
China tells telecom firms to phase out foreign chips in blow to Intel, AMD – WSJ
Reuters could not independently verify the order. China’s Ministry of Industry and Information Technology ordered state-owned mobile operators to inspect their networks for non-Chinese semiconductors …
Competition to field military drone swarms could fuel global arms race between the US and China
U.S. and Chinese military planners are gearing up for a new kind of warfare in which squadrons of air and sea drones equipped with artificial intelligence work together like a swarm of bees to …
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