Beijing’s relations with Washington have arrived at a new crossroads as Donald Trump’s “America first” approach dominates preparations for his second presidential term, a former senior Chinese …
Monthly Archives For November 2024
China is expanding visa-free entry to more countries in bid to boost economy
China is going to expand visa-free entry to citizens of nine more countries as it seeks to boost tourism and business travel to help revive a sluggish economy.
How China Could Weaken the US Dollar
China has shown it can “operate as an alternative manager of dollar liquidity right in the heart of the petrodollar system,” one analyst said.
Chinese Court Deems Bitcoin Ownership Legal Under Law, Speculating A Reversal On The Crypto Ban
A Shanghai court has ruled that Bitcoin ownership is legal in China, suggesting potential changes in the country’s crypto regulations.
China races to stockpile US chips before Trump ramps up sanctions
as US technology restrictions prevent the company from accessing more advanced lithography machines. This year, President Xi Jinping has emphasised the need for China to develop “new productive forces” – calling for technological breakthroughs in…
China overtakes Germany in industrial use of robots, says report
China has overtaken Germany in the use of robots in industry, an annual report published by the International Federation of Robotics (IFR) showed on Wednesday, underscoring the challenges facing Europe’s biggest economy from Beijing.
China Market Update: Fintech Lender Shows Improving Consumer, China Gears Up For Trade Negotiation
Asian equities were mostly lower overnight following a flat session on Wall Street that saw “Magnificent 7” names hit with profit taking. This was despite a pullback in the US dollar’s strength versus …
Temu owner’s shares slump as China slowdown hits sales
PDD Holdings, the Chinese owner of online shopping platforms Temu and Pinduoduo, has reported disappointing sales and profit as Chinese consumers continued to hold back amid an ec …
China’s Baidu says advertisers still subdued as revenue falls 3%
China’s Baidu on Thursday said it had not yet seen any notable improvement in advertising spending patterns or consumer spending despite recent government stimulus efforts, as it reported a 3% fall in third-quarter revenue.
Corporate China seeks dollars as trade tensions rise
Chinese firms are squirreling away even more dollars, pricing contracts in yuan and opening import lines to mitigate currency risks as trade tensions threaten to roil foreign exchange rates.
China Vows to Help Firms Export More Despite Growing Backlash
China will attempt to boost exports further, with Beijing promising to support its firms to increase shipments despite a rising global backlash over an influx of cheap Chinese goods.
China’s richest man blasts tech giants and government inaction in rare rebuke
China’s richest man has hit out at online shopping platforms, accusing them of starting price wars that have damaged a wide range of companies and industries as the country tackles an economic slump.
China extends visa-free entry for Korean nationals from 15 to 30 days
China extended the period for visa-free entry for Korean citizens from 15 days to 30 days on Friday, the Chinese Foreign Ministry announced the same day.
