China has the ability and confidence to achieve its full-year growth target of around 5% and will work to actively expand domestic demand, officials from the state planner said on Thursday.
BUSINESS
China tightens controls on UAV exports amid accusations of support for Russia
China has tightened export regulations on military drones in response to mounting criticism from the US and its allies over its support for Russia in its war against Ukraine. Source: Bloomberg Details: Several Chinese agencies,
China’s factory activity contracts for first time in 9 months amid weak demand: Caixin PMI
China’s Caixin/S&P Global manufacturing purchasing managers’ index fell to the lowest reading since October and missed analysts’ forecast in July.
U.S. delays tariff increases on Chinese imports, including EVs and batteries
The U.S. Trade Representative’s office announced a delay in implementing steep tariff increases on a range of Chinese imports.
China probed beef imports from Australia after blaming two athletes’ failed doping tests on contaminated meat
Chinese state security services believe contaminated beef which led to two swimmers failing a drug test originated from Australia, sources have revealed to News Corp.
Tech war: China narrows AI gap with US despite chip restrictions
While text-to-video was pioneered by Sora, three Chinese tech firms have been able to put their AI video tools in the hands of global users China is narrowing the artificial intelligence (AI) gap with …
Shaanxi Police Captures 4 Crypto Fraud Suspects Despite China’s Ban
The crackdown highlights the persistent vulnerability to crypto fraud even in one of the world’s most restrictive jurisdictions.
How to Invest in Triller Pre-IPO
You can’t invest in Triller directly, but you’ll be able to get exposure to the company after a merger with AGBA is completed.
China bans export of all civilian drones that can be used in war
China has said it will ban the export of all civilian unmanned aerial vehicles that could be used for military or terrorist purposes. China has also announced that some functions of unmanned aerial vehicles will…
Biden Administration’s New Semiconductor Export Rule Targets China, Exempts Allies
The Biden administration plans to introduce a rule to stop semiconductor manufacturing equipment exports to Chinese chipmakers. This excludes imports from key allies, such as Japan and South Korea.
China distant-water fleet slashes wage bill to stay profitable
China’s distant-water fishing industry is reliant on low-wage labor to buttress poor profitability, according to a report from U.K.-based nonprofit Planet Tracker.
EV-charging company Xchg sets price range in small-cap IPO
Xchg said it lost $8.08 million on revenue of $38.51 million. In 2022, it earned $1.61 million on revenue of $29.4 million. The company was founded in 2015 by …
NielsenIQ and JD Worldwide Jointly Release the 2024 White Paper on China Cross-Border Import Consumption Trends
Recently unveiled by NielsenIQ (NIQ) and JD Worldwide, JD.com’s one-stop ecommerce channel for imported goods, the 2024 White Paper on China Cross-Border Import Consumption Trends (“White Paper”) …
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