If the international community were to propose removing some Chinese banks from SWIFT due to their involvement with Russian banks, it would send a clear message to all Chinese organizations.
Monthly Archives For May 2024
China’s Country Garden aims to pay missed coupons by next week
By Clare Jim HONG KONG (Reuters) -Embattled Chinese property developer Country Garden said it was unable to pay two onshore coupons due on Thursday, but China Bond Insurance Co would do so on its …
China – having its chips and eating them (without onions!)
Is the use of sanctions by the USA that stop sales of state-of-the-art processor chips in turn being used by China as the launch pad for the next round of major changes in global IT?
GM can regain market share in China after hitting 20-year low, executive says
GM’s market share in China has plummeted from roughly 15% as recently as 2015 to 8.6% last year — the first time it has dropped below 9% since 2003.
China Education Group Makes The Grade With Rising Profits
China Education Group has slowed its school purchases over the past two years, but spent a hefty 2 billion yuan on campus construction projects in the last six months The company’s financial situation …
Why Levi’s and other brands are betting big on Chinese podcasts
In China, the podcast is packed with plenty of potential. Launched in 2020 by Shanghai start-up Jike, Xiaoyuzhou is seen as a coming-of-age platform known for its high user stickiness and has grown …
Oil recovers on US crude storage draw, rise in China imports
Oil prices rose on Thursday as falling U.S. crude inventories and higher Chinese imports supported expectations for demand growth in the world’s two largest crude-consuming nations. Brent crude futures for July were up 55 cents,
U.S. Crude Oil Stocks Fall as Refinery Runs Pick Up — Update
By Anthony Harrup U.S. crude oil inventories fell last week and stocks of gasoline and distillate fuels rose as refineries lifted their capacity
Beijing’s threat to release audio of Spratly deal shows China’s ‘frustration’ at Philippines
Beijing’s threat to publish recordings of a phone conversation with a Philippine military official about a deal over disputed territory in the South China Sea is an unusual expression of frustration …
China’s local governments swap debt for data as pressure builds to relieve burdens
Local governments in China are exploring the use of data as an asset to help balance their chequebooks – an idea which could reduce their heavy debt burdens but has also prompted concerns over …
China launches world’s eighth-longest flight: Shenzhen to Mexico City
On Saturday, 11 May, the first flight on one of the longest routes in the world will take place—from Shenzhen, China, to the capital of Mexico. Passengers will spend 16 hours on the plane and,…
Flashback: RFK Jr. praised China’s ‘organ harvesting’ threats to meet climate goals
Independent presidential candidate Robert F. Kennedy Jr. previously lauded China for allegedly using physical threats as a means to meet climate goals.
Explainer: How dependent is China on US artificial intelligence technology?
The Biden administration plans to put guardrails on U.S.-developed artificial intelligence (AI) models that power popular chatbots like ChatGPT to safeguard the technology from countries such as China …
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