Natural disasters in China resulted in 93.16 billion yuan ($12.83 billion) worth of direct economic loss in the first half of this year, the government said on Friday, as the country suffered flooding,
Monthly Archives For July 2024
$13,000,000,000 Heist: Did China Steal the Plans for the Ford-Class Aircraft Carrier?
China’s recent naval expansion, highlighted by the construction of the Fujian aircraft carrier, has led to suspicions that China may have stolen blueprints or key data for the U.S. Navy’s Ford-class carriers.
US examines security risks posed by China Telecom and China Mobile’s operations
The Biden administration is conducting a review of China Mobile, China Telecom, and China Unicom due to concerns that these companies could take the American data they access through US cloud and internet providers and…
China’s Exports Growth Tops Expectations, Imports Post Surprise Drop
China’s exports grew more than expected in June, while imports fell unexpectedly in another sign of weak domestic demand.
China’s central bank conducts reverse repos Friday
BEIJING, July 12 (Xinhua) — China’s central bank conducted 2 billion yuan (280.45 million U.S. dollars) of seven-day reverse repos at an interest rate of 1.8 percent Friday. The move aims to keep …
China trade balance jumps in June as exports surge; imports weaken
Investing.com– China’s trade balance grew more than expected in June on surging exports, while imports unexpectedly shrank as local demand remained subdued amid persistent concerns over the economy.
China approves CSPC Pharma’s RSV vaccine for clinical trials
China’s National Medical Products Administration has given regulatory clearance for CSPC Pharmaceutical Group’s respiratory syncytial virus (RSV) vaccine candidate to begin human clinical trials, the …
China says it will never accept ‘unfounded accusations’ at NATO summit
China will never accept the “unfounded accusations” made against it at the NATO summit this week in Washington, Foreign Minister Wang Yi said to his Dutch counterpart over a phone call, his ministry …
China’s relentless e-commerce price war leaves sellers struggling to make ends meet
Chinese e-commerce vendors are struggling for survival as sales growth slows, price pressure rises and shopping platforms compete with ever-more aggressive policies to attract increasingly …
Samsung is developing AI features specifically for China as it looks to claw back into market
Samsung is developing its suite of artificial features known as Galaxy AI specifically for the Chinese market, the company’s mobile chief TM Roh told CNBC.
China to help curb shady businesses
BANGKOK: Thailand and China will cooperate in weeding out call centre scam gangs and mitigating shady business ventures operated by Chinese citizens.
China gears up for next week’s Third Plenum meeting. Here’s why real estate isn’t likely the main focus
China’s real estate problems may be massive, but analysts expect the upcoming Third Plenum to focus on other areas — such as high local government debt levels.
Asia’s biggest alternative asset manager mulls new China funds, bucking retrenching trend
PAG is setting up a China fund to lure domestic capital and is considering establishing another that will cater to demand from investors outside of North America, according to sources familiar with …
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