Wall Street ate up China’s newest plan to jump-start their economy. But Xi Jinping’s ideas won’t fix the country’s biggest problems.
Monthly Archives For September 2024
China beefs up computing power by 25% as AI race drives demand
Total computing power in China, a critical infrastructure element for processing data and performing digital tasks, grew 25 per cent in the first half of the year, driven by the needs of artificial …
China’s massive stimulus misfire
Wall Street ate up China’s newest plan to jump-start their economy. But Xi Jinping’s ideas won’t fix the country’s biggest problems.
China’s State-Owned Firms’ Profits Down 2.1% Y/y for Jan-Aug
SHANGHAI (Reuters) – China’s state-owned firms’ profits were down 2.1% year for January to August from the same period last year, the Ministry of Finance said in a statement on its website on Sunday.
Japanese Schoolboy’s Killing Spotlights China’s Ultranationalism Problem
The 10-year-old boy was attacked by a 44-year-old man, identified as Zhong, near the Shenzhen Japanese School, where the child was enrolled. The boy died the next day from his inj
Visitors at zoo in Japan bid farewell to beloved giant pandas before their return to China
There were emotional scenes at Tokyo’s Ueno zoo, where visitors flocked for the last public viewing of giant pandas Ri Ri and Shin Shin on Saturday, before they are sent back to China.
Landmarks in Beijing to Be Illuminated to Mark 75th Founding Anniversary of PRC
Beijing will activate over 2,800 nighttime illumination facilities from Sept. 29 to Oct. 7 to mark the 75th anniversary of the founding of the People’s Republic of China. Upgraded illumination effects …
Former Chinese finance minister urges crypto study after US Bitcoin ETF shift
During a speech at the 2024 Tsinghua Wudaokou Chief Economists Forum in Beijing, former Chinese finance minister Lou Jiwei urged China to closely examine advancements in cryptocurrency. According to …
China says it opposes any violation of Lebanon’s sovereignty
China opposes any violation of Lebanon’s sovereignty, China’s foreign ministry said on its website on Sunday after an Israeli airstrike on Beirut killed Hezbollah leader Hassan Nasrallah.
Science meets education — China turns to schools to help build sci-tech powerhouse
“Next we will get in closer touch with schools and present the latest sci-tech results to students to inspire their interest and help increase people’s knowledge of science,” said Ding Chao, chairman …
China’s first sustainable lifestyle mall the latest move in dramatic green transition
In the HAI550 mall in Shanghai, most of the clothes are produced by small local brands using materials such as old plastic bottles and used bicycle tubes …
Good Media: Two Guinness World Records Set! Shenzhen’s stunning drone show kicks off National Day celebrations
It is worth noting that this drone show was just the beginning. During the National Day Holiday, Shenzhen will continue the drone performances for seven consecutive days. Daily shows will feature …
Will China’s Surprise Stimulus Work?
Getting out of the deflationary hole China dug itself is vital, and in the short run all stimulus will help. But for the long term, China needs to stop digging and start consuming …
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