The tech industry, global trade patterns, and international markets all hang in the balance, awaiting the outcome of the US presidential election …
Monthly Archives For August 2024
Russia’s Putin and China’s No. 2 official praise deepening ties as Ukraine war grinds on
Russian President Vladimir Putin on Wednesday hailed “flourishing” trade ties with China during a meeting with a top Chinese official in Moscow as the two countries bolster their partnership in the …
China Responds to Top-Secret US Nuclear War Strategy
China has never disclosed the size of its nuclear forces. The Stockholm International Peace Research Institute (SIPRI) says that the country’s nuclear arsenal is the world’s third largest with 500 …
To win the AI race, China aims for a controlled intelligence explosion
China’s leader Xi Jinping has his eye on the transformative forces of artificial intelligence to revolutionise the country’s economy and society in the coming decades. But the disruptive, and …
Daily Cuts – Luxury brands suffer as Chinese growth slows
China’s economic slowdown and a crackdown by Beijing on displays of wealth are taking a toll on some of the world’s top luxury brands. LVMH sales in Asia, which include China but not Japan, fell…
China’s PwC slap may yet pack a punch
PricewaterhouseCoopers can finally start to think about putting its involvement in the China Evergrande scandal behind it. The auditor’s China unit may soon be given a record fine and a six-month ban,
China’s extreme weather takes bite out of produce as prices soar
Produce prices in China have risen sharply over the past two months, affected by extreme weather from deadly floods to scorching heat that has devastated millions of acres of farmland and is now hitting consumers…
Passed the peak? China’s crude oil imports trend down: Russell
China is also encouraging consumers to switch from older, less efficient vehicles to NEVs or more efficient ICE cars. This month Beijing announced an enhanced trade-in programme that will offer …
One of China’s hottest new EV makers says it lost $9,200 for each $30,000 smart car it delivered
Xiaomi’s first EV, the $30,000 Speed Ultra 7, sold out within a day of its March launch, but isn’t expected to break even for a while.
US charges Chinese dissident with allegedly spying for Beijing
US prosecutors have filed criminal charges against a Chinese dissident living in the US, accusing him of being an agent of Beijing’s intelligence service. Yuanjun Tang, 67, was arrested on Wednesday in the New York…
Japanese sushi train restaurant opens Beijing outlet
Sushiro, a popular Japanese sushi train restaurant, opened its first outlet in Beijing at downtown Xidan Joy City on Wednesday, adding to its more than 40 restaurants on the Chinese mainland. Sushiro, which aims to…
China’s Didi bounces back from losses caused by Beijing’s crackdown on internet services as it prepares IPO in Hong Kong
Didi Global Inc. swung to a profit in the June quarter, a welcome boost for the company as it prepares for a potential re-listing in Hong Kong.
Walmart’s Doing So Well in China It Doesn’t Need JD.com Anymore
Walmart Inc. is flying so high on the strength of its Chinese operations that it’s exited a long-time local partnership, an outlier in a consumer landscape that’s increasingly hostile to foreign brands.
