A group of families whose loved ones died of fentanyl overdoses filed a petition with the office of U.S. Trade Representative Katherine Tai on Thursday, requesting a probe into China’s alleged role in …
Monthly Archives For October 2024
US says China making far more goods than it needs to overtake global markets
Data showed that China had a significant overcapacity and was making far more goods than it needs in order to overtake global markets, White House official Daleep Singh said on Thursday. Singh added …
Global Autonomous Driving Tech Company Pony.ai Files for IPO
The self-driving startup didn’t say how many shares it would list or give an anticipated price range in a filing with the SEC.
Exclusive-Nokia cuts 2,000 jobs in China, 350 in Europe as part of cost cuts, sources say
Nokia has laid off close to 2,000 people or about a fifth of its employee base across Greater China and plans to cut another 350 jobs across Europe as part of efforts to lower costs,…
Chinese Robotaxi Firm Pony AI Files for US IPO
Pony AI has applied to list on the Nasdaq stock exchange under the ticker symbol ‘PONY’. The company did not reveal the size of its offering. Goldman Sachs, BofA Securities, Deutsche Bank, Huatai Securities and…
Is China’s new stimulus enough to revive its economy?
China’s recent stimulus measures have primarily targeted its monetary policy, which focuses on banks and money supply rather than “spending its way out” of a downturn. Among …
Visitors find robotic fake whale shark in China aquarium
An ocean aquarium in the southern Chinese city of Shenzhen found itself in hot water after visitors found out that the “whale shark” there was actually a robot. The “whale shark” was caught on camera…
Stellantis CEO Warns Chinese Brands Setting Up Shop In Europe Could Lead To Local Factory Closures
Tavares believes that new factories in Europe by Chinese carmakers will increase the “manufacturing overcapacity” in the region
LVMH Sales Drop as Chinese Demand for Costly Handbags Cools
LVMH’s sales of fashion and leather goods fell for the first time since the pandemic as the industry’s biggest player was hammered by a slump in demand from Chinese consumers whose appetite for high-end purchases…
China Market Update: Patience Is Needed Until The NPC
Asian equities were mixed overnight, though the most significant event was Taiwan Semiconductor’s blowout earnings beat after the close.
‘Black Myth Wukong’: How China’s blockbuster game is fueling its tech power
Wukong” isn’t just breaking gaming records — it could be driving a critical shift in the global balance of technological power.
China’s retirement crisis is here, and Beijing will be forced to keep raising the retirement age, demographer says
People 60 years and older are expected to make up nearly half of China’s population by 2050, according to estimates from the United Nations.
China woes drag down Pernod Ricard first quarter sales
French spirits maker Pernod Ricard said it still expected to return to sales growth in the 2024/25 fiscal year, despite reporting a bigger-than-expected fall in first quarter sales, caused partly by weakness in China.
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