Exports to the US, in particular, reached an all-time high, further widening the gap with China, the country’s second-largest export destination. Outbound shipments came to $56.2 billion, up 13.8 percent on-year, according to data revealed…
Monthly Archives For May 2024
China outbound investment rule to be completed by end of year — US official
Commerce Secretary Gina Raimondo said Wednesday she expects rules to implement U.S. outbound investment restrictions on China will be completed by the end of the year.
China’s trade returns to growth on back of AI equipment imports
The value of China’s exports climbed 1.5 per cent in April from a year earlier, reversing an annual decline of 7.5 per cent in March, when lower prices battered Chinese producers. Analysts polled by Reuters…
China Climate Map Shows Sinking Cities Home to Quarter-Bllion People
Many of the population centers are on the East Coast, where rising sea levels will compound the risk of catastrophic flooding.
Absa opens Beijing office
Absa Group has announced the opening of a new non-banking subsidiary in Beijing. The official launch of its new office “fortifies the vital economic bridge between Africa and China”, the …
Math Olympian in Shadow of John Nash Tries to Solve Blockchain, AI Trust Dilemma
In mathematics, Jasper Zhang figures to be a sort of Zeus. He says he won gold medals at math olympiads in China and Russia, and it took him just …
I Went To China And Drove A Dozen EVs. Western Automakers Are Cooked
A trip to the Beijing Auto Show reveals just how advanced China’s EVs are. So what are the so-called “foreign” automakers doing about it?
HSBC, StanChart Press Sunak to Ease Clampdown on China Business
Rishi Sunak’s government faces pressure from banks including HSBC Holdings Plc and Standard Chartered Plc, as well as other major companies in the UK, to tone down proposed restrictions on doing …
Tesla ramps up job cuts in China as sales slowdown bites
Tesla Inc.’s job cuts are escalating in China, according to people familiar with the matter, as Elon Musk contends with growing pressure to win back share in the world’s biggest auto market.
China and US resume cooperation on deportation as Chinese immigrants rush in from southern border
Beijing and Washington have quietly resumed cooperation on the deportation of Chinese immigrants who are in the U.S. illegally.
Venezuela President’s Son Says Country Is Open to Paying $10 Billion Debt to China
CARACAS (Reuters) – Venezuela is open to paying its $10 billion debt to China, lawmaker Nicolas Maduro Guerra, son of President Nicolas Maduro, told Reuters in an interview on Thursday.
China Market Update: Hong Kong & Mainland China Rally Rebounds On Trade Data & Home Buying Restrictions Cancelled
Asian equities were overall lower overnight as Mainland China and Hong Kong outperformed while South Korea, Australia, India, and the Philippines underperformed, falling by more than -1%. Meanwhile, …
Why China’s diversified economy garners both praise and criticism
China has achieved economic success not just through repurposing Western technology but by rapidly upgrading and adapting it. Top-down management coexists with local autonomy and bottom-up innovation …
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