Mumbai surpasses Beijing as Asia’s billionaire capital, India ranks third globally with 271 billionaires – Hurun Global Rich List 2024.
BUSINESS
China’s ‘de-risking’ from West worsening EU’s industrial decline, experts say
China’s de-risking plus their lack of consumption is contributing to our deindustrialisation,” Alicia García-Herrero, a senior fellow at Bruegel think-tank, told Euractiv.
Why Are China’s Nationalists Attacking the Country’s Heroes?
Online vitriol has targeted the country’s richest man, erasing billions of dollars of his company’s market value, despite Beijing’s courtship of entrepreneurs.
China and US battle, quietly but fiercely, on yet another tech front: patent applications
UN data, Chinese inventors led in international patent applications for the second year running, posting some 14,000 more than the second-place US.
China hands down terms of life to 8 years for sports officials convicted of taking bribes
The former president of the Chinese Football Association has been sentenced to life in prison amid a wide-ranging crackdown on sports corruption.
Apple CEO Tim Cook woos China as part of big Asia pitch
Chief Executive Tim Cook wraps up a five-day visit to China, as part of the tech giant’s renewed Asia push, early this week to revive growth in the world’s biggest smartphone market — which also…
China’s Xi Jinping to meet with American executives on Wednesday, sources say
BEIJING – China’s President Xi Jinping will meet with American business leaders in Beijing on Wednesday, according to three sources with knowledge of the matter, in a follow up to his November dinner …
Rural men in China say they’re too poor to afford the massive dowries expected of them. People on social media say it’s just an excuse.
One rural worker said dowries in his region had grown to $70,000, per state media. That’s about 25 times the typical annual disposal income in rural China.
China steering away from Intel chips, report says, but impact could be limited
An order quietly issued in December that put processors from Intel and U.S. rival Advanced Micro Devices (Nasdaq: AMD) effectively off limits for most “government agencies and party organs” was now …
Chanthaburi lauded in fruit export deal
The Commerce Ministry is to promote Chanthaburi as the No.1 fruit exporter to China via advance contracts to encourage sales of durian and mangosteen worth more than 3 billion baht.
How Trump’s Proposed Tariff on Chinese Imports Would Impact Your Wallet If He Wins
Now that Donald Trump is officially the Republican candidate for president in 2024, it’s a good time for investors to consider what market-moving policies he may implement if he wins a second …
Goldman Sachs Reveals Bitcoin Game-Changer As $300 Billion Price Earthquake Hits Ethereum, XRP And Crypto Market
A top Goldman Sachs executive revealed the banking giant’s hedge fund clients are gearing up to flood into the crypto …
China needs Apple even as it tries to push foreign firms out, economist says
Shehzad Qazi of China Beige Book told CNBC on Monday. According to Qazi, the country’s leadership is setting up restrictions on US business as a way to limit security risk. “In sectors where they …
