Former Prime Minister of Australia Kevin Rudd — currently the Ambassador of Australia to the US — joins Yahoo Finance’s Akiko Fujita at the 2024 Milken Conference to outline China’s problem areas in …
Monthly Archives For May 2024
China’s middle class is stressed. Can its growing mental health industry lend a helping hand?
Demand for psychological counselling has increased in China as anxieties mount – and the industry is expanding to meet it Worries over economic and social standing are bleeding into interpersonal …
China May Day holiday spending shows mixed picture on post-Covid-19 recovery
Domestic travelers spent 166.9 billion yuan (S$32 billion) during one of China’s longest breaks, the May Day holiday, a rise of 13.5% from pre-pandemic levels, government data showed on May 6, but …
China’s leading electric vehicle maker selling cars for $10,000
China’s EV giant, BYD, makes more electric vehicles than any of its competitors and sells them for as low as $10,000. The cars are not yet sold in the U.S., where hurdles include a 25%…
French firms urged to seize opportunities from China’s development
President Xi Jinping said on Monday that entrepreneurs in France are welcome to participate in China’s modernization efforts, and to seize opportunities arising from China’s development as the country …
Joe Manchin and mining officials slam EV tax credit rule change, calling it a “blank check” to China
New Biden administration rules loosening looming restrictions on federal electric vehicle tax credits are drawing the ire of China hawks and mining representatives, who claim the “outrageous and illegal” policy amounts to giving a “blank…
Ministry of Defence ‘hacked by China’ as cyberattack causes ‘massive data breach’ including names and bank details
THE Ministry of Defence has been hacked by China with the cyberattack causing a massive data breach, according to reports. MPs will be informed on Tuesday of the attack which targeted service …
China’s Xi tries to woo France’s Macron during first stop of European tour
Chinese leader Xi Jinping wants to deepen ties with Europe even as many countries in the bloc cosy up to Washington.
Full text of Xi’s speech at the closing ceremony of the Sixth Meeting of the China-France Business Council
It gives me great pleasure to attend the China-France Business Council meeting with President Macron again in a little over a year and to meet friends, old and new, of the business communities of the…
China’s services activity eases in April but still solid
China’s services activity expansion slowed a touch amid rising costs, but growth in new orders accelerated and business sentiment rose solidly in a boost to hopes of a sustained economic recovery, a …
GM-backed self-driving firm Momenta filing for U.S. stock offering, report says
Momenta is working with China International Capital Corp., Goldman Sachs and UBS Group on a potential listing that may happen as early as this year, Bloomberg reported. The IPO could raise $200 …
Foreign reporters praise snow leopard documentary after screening in Beijing
A screening of Chinese documentary Snow Leopards and Friends was recently held in Beijing, with 50 international reporters attending. The documentary examines the current situation for snow leopards …
Credit Suisse’s China Venture Faces Staff Reductions Amidst Restructurings
In a recent update from Hong Kong, Credit Suisse’s securities brokerage joint venture in China has disclosed a significant decline in staff numbers for the year 2023, a period marked by Swiss …
