China is actively seeking foreign investment to boost its slowing growth, but that very sluggishness is weighing on company plans to grow their businesses in the world’s second largest economy, an …
Monthly Archives For May 2024
In China, business sentiment plunges to ‘all-time low’, EU Chamber of Commerce finds
European firms have been revising expectations for the Chinese market while planning for a projected economic slowdown, further adding to China’s challenges and ‘setting a negative cycle in motion’.
China-developed text-to-video large AI model unveiled in Beijing
Vidu, a text-to-video large AI model capable of creating a 16-second, high-definition video in 1080p resolution with a single click, was unveiled in
Beijing, Budapest upgrade partnership
China and Hungary elevated bilateral ties to an all-weather comprehensive strategic partnership for the new era as the two nations pledged to deepen cooperation in sectors including infrastructure development, artificial intelligence and nuclear energy.
European firms souring on China, lobby group warns
The proportion of European firms that rank China as a top investment destination has hit a record low, a European business lobby group said on Friday, warning that it could take years to restore confidence…
US blocks some Intel, Qualcomm exports to China over Beijing’s objections
The U.S. Commerce Department revoked Intel and Qualcomm export licenses to Chinese firm Huawei after the blacklisted telecommunications firm unveiled a new AI-powered laptop.
Beijing slams US for calling Hong Kong protest song ban blow to judicial independence
Beijing expresses ‘strong dissatisfaction’ as Washington describes ban on ‘Glory to Hong Kong’ as blow to city’s judicial independence.
Analysis-Why China’s tolerance for a cheaper currency may be temporary
Currency markets are reading subtle signals from Chinese authorities as an indication they are slowly nudging the yuan lower to regain export competitiveness, but analysts say protracted yuan weakening is neither the intent nor desirable.
Domestic tourism soars in China but foreigners stay away
Yet a key exception is emerging in the form of domestic tourism. Last week’s five-day public holiday to mark labour day saw 295 million trips made within China, according to figures from the Ministry of…
One of China’s hottest toys sold millions. The inventor made $830.
College student Zhou Wenhao studies marine engineering in the central Chinese city of Wuhan by day. By night, he tinkers with 3D printing machines. In the summer of 2022, he printed a green and white…
Exclusive-China’s Zeekr prices US IPO at top of range to raise $441 million, source says
By Echo Wang NEW YORK (Reuters) -Chinese electric vehicle maker Zeekr Intelligent Technology priced its U.S. initial public offering (IPO) at the top of its indicated range on Thursday, raising $441 …
Morning Bid: Markets up but lacking oomph, China inflation looms
A look at the day ahead in Asian markets.Asian markets are poised to round off the week on a positive note on Friday, supported by gains on Wall Street, a weaker dollar and falling Treasury…
China’s Xi visits Hungary in bid to solidify European economic influence
A visit to Hungary by Chinese President Xi Jinping saw the authorization of numerous agreements aimed at solidifying Beijing’s regional economic foothold.
