[Photo/Xinhua] BEIJING — The China Development Bank, a major policy bank in the country, has strengthened financial support for the green and low-carbon industries. The bank issued over 200 billion …
Monthly Archives For June 2024
China’s ByteDance working with Broadcom to develop advanced AI chip, sources say
In addition to TikTok and short-video app Douyin, ByteDance operates a ChatGPT-like chatbot service called Doubao.. Read more at straitstimes.com.
Southeast Asia is the top choice for firms diversifying supply chains amid U.S.-China tensions
Rising tensions between Washington and Beijing have led firms to diversify supply chains away from China even as they maintain a presence in the country.
China’s fiscal revenue drops 2.8% in January-May
China’s fiscal revenue fell 2.8% in the first five months of 2024 from a year earlier, accelerating from a 2.7% decline in the January-April period, official data showed on Monday, as weak demand drags on…
China Agrees To Discuss EV Tariffs With EU, Germany Welcomes It As ‘First Step’ But Says ‘Many More Will Be Necessary’
China has agreed to engage in discussions with the European Union regarding the elevated tariffs on Chinese electric vehicle imports. Habeck welcomed China’s decision to enter discussions with …
EU and China set for talks on planned electric vehicle tariffs
China and the European Union have agreed to start talks on the planned imposition of tariffs on Chinese-made electric vehicles (EVs) being imported into the European market, senior officials of both …
China and EU to hold talks on electric car tariffs
The call marks the first time the two sides have agreed to negotiate since the EU threatened China with electric vehicle (EV) tariffs of up to 38%. The EU said Chinese EVs were unfairly subsidised…
Don’t expect drastic economic reforms at China’s party conclave: Analysts
“Instead, China needs bold measures to boost business confidence and to resolve the liquidity/debt crisis in local public finance and the property sector,” said Professor Zhu, who is from the China …
Major drug smuggling ring dismantled in Shenzhen
Anti-smuggling bureau of Shenzhen Customs revealed its drug control achievements for the past year on Saturday, saying it dismantled a major drug smuggling ring and seized 1.12 metric tons of cocaine, …
China Box Office: Local Drama ‘Moments We Shared’ Crushes ‘Inside Out 2’ and ‘Bad Boys: Ride or Die’ Debuts
At the mainland China box office, local drama ‘Moments We Shared’ crushes the openings of ‘Inside Out 2’ and ‘Bad Boys: Ride or Die’.
Severe drought forces corn farmers in China’s east to delay planting
After weeks of scorching heat and little rain, farmer Zhang Yunjing had no choice but to collect water from a wastewater pipe to irrigate her parched corn field in China’s eastern Shandong province. Zhang would…
China offers high-tech road to success
Photo provided to China Daily] No country changes as rapidly as China. Every decade marks a new era in business, governance, innovation, and socioeconomic development. This constant evolution is not …
China’s 4 wealthiest tech billionaires have combined net worth of $165B
China’s top 4 tech moguls … Alibaba, which he founded in 1999, is now one of the world’s largest e-commerce business. He resigned as the company’ executive chairman in 2019. His net worth has been…
