Chinese state media threw its back behind China’s most successful single-player video game to date, saying its adaptation of the Ming dynasty epic “Journey to the West” would force Western players to learn more about…
Monthly Archives For August 2024
Russian finance minister reveals over 90% of bilateral trade with China bypasses U.S. dollar
Russian finance minister Anton Siluanov revealed that 90% of trade with China was outside the U.S. dollar system. Siluanov said the transactions primarily utilized national currencies (Yuan and Rubles …
Putin meets China’s No. 2 as Moscow-Beijing relations deepen
MOSCOW (AP) — Russian President Vladimir Putin met with Chinese premier Li Qiang Wednesday, hailing growing trade relations as Moscow becomes increasingly dependent on Beijing for political and economic support.
Third plenum charts path for reforms in China’s financial market, as doors are opened wider to welcome foreign institutional investors
Global investment management company, Allianz Global Investors, recently launched its first equity investment fund in the Chinese market, joining dozens of foreign financial institutions that have …
Walmart Dumps Entire Stake in China’s JD.com
Daisuke Wakabayashi is an Asia business correspondent for The Times based in Seoul, covering economic, corporate and geopolitical stories from the region. More about Daisuke Wakabayashi Claire Fu covers China with a focus on business…
Xinhua Headlines: China’s coffee boom — next big opportunity for global brands
BEIJING, Aug. 21 (Xinhua) — Here is some good news for coffee lovers in China: Chinese coffee giant Luckin Coffee recently opened its landmark 20,000th outlet, and German coffee brand Neumann Kaffee …
Beauty retailer Sephora cuts China jobs as market slumps
LVMH-owned beauty retailer Sephora is cutting its workforce in China, the company said on Wednesday, as consumers curb their spending on creams and make-up in the world’s No. 2 economy.
US Ally Meets China’s ‘Monster Ship’ Guarding Artificial Islands
Canada’s navy encountered a Chinese “monster ship,” which is the largest coast guard vessel in the world, during a patrol near China’s artificial islands in the South China Sea. The United States Naval Institute’s USNI…
China leans into using AI − even as the US leads in developing it
In the AI game, China has bet on strategic use over innovation, tightening its grip domestically and extending its reach internationally.
China Launches Anti-Subsidy Probe on EU Dairy Imports
KEY TAKEAWAYS China has launched an anti-subsidy investigation into dairy imports from the European Union (EU).The probe comes a day after the EU updated import tariffs on Chinese-made electric …
China’s Didi Turns Profitable as Ride-Hailing Grows Ahead of IPO
China’s leading ride-hailing provider reported a net profit of 1.4 billion yuan ($196 million), from a small loss a year earlier. Revenue climbed 4.1% to 50.9 billion yuan, after ride-hailing …
Atelier Xi Nestles Two Visitor Pavilions Within a Shenzhen Park
One such green oasis is the new Qiaochengbei North Park in the western district of Nanshan, where, last year, local practice Atelier Xi completed a visitor center that strives to stand on its own …
China Sino-Ocean’s offshore debt revamp plan gets 30% creditor support, sources say
A $5.64 billion offshore debt restructuring plan by China state-backed property developer Sino-Ocean Group’s has only got support from less than 30% of creditors, two sources with direct knowledge of …
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