China’s Henan province has unveiled a 100-day plan to “dynamically clear” youth unemployment as concern grows over record levels of joblessness among young adults, with millions more students due to …
FINANCE
China’s small and medium-sized factories post surprise growth, easing market anxiety
A key gauge of China’s small- and medium-sized factories showed their surprise return to expansion last month, which eased market anxiety about growth stalling in the world’s second largest economy.
China’s factory activity swings to surprise growth in May, Caixin PMI shows
The reading surpassed expectations of 49.5 in a Reuters poll, a stark contrast to a deeper contraction activity seen in the official PMI released on Wednesday.
Analysis-Struggling China local governments find a fundraising loophole, lifeline in “pearl bonds”
China’s cash-strapped local governments have suddenly rushed to an unusual corner of the debt market in Shanghai where ambiguous rules offer ways to skirt restrictions on onshore borrowing.Some …
China Xi Jinping tells national security team to prepare for ‘worst-case scenario’ as leaders warn of AI risks
Chinese President Xi Jinping held a meeting with other Communist Party leaders on Tuesday in which he warned his national security chiefs to be prepared for “worst-case” scenarios.
China’s factory activity swings to surprise growth in May – Caixin PMI
China’s factory activity unexpectedly swung to growth in May from decline, a private sector survey showed on Thursday, driven by improved production and demand, helping struggling firms that have been …
Elon Musk treated like a rock star during China trip: ‘He’s a global idol’
A lack of information did not stop an outpouring of enthusiasm for Musk on Chinese social media. “Elon Musk is just great, if only China could have someone like Elon Musk,” said one …
Small investors are souring on China’s recovery
The last great hope for China’s faltering post-pandemic rally is fading as the nation’s legion of small-time investors turns bearish on equities to double down instead on safer assets amid a …
China Renaissance chairman’s detention extended by 3 months, Economic Observer reports
The detention of Bao Fan, chairman of investment bank China Renaissance Holdings , has been extended for another three months beginning May 7, Chinese financial publication Economic Observer reported …
Analysis:Struggling China local governments find a fundraising loophole, lifeline in “pearl bonds”
China’s cash-strapped local governments have suddenly rushed to an unusual corner of the debt market in Shanghai where ambiguous rules offer ways to skirt restrictions on onshore borrowing.Some analys …
Elon Musk’s private jet scheduled to leave China on Thursday -flight tracking data
The Tesla (TSLA.O) CEO arrived in Shanghai on Wednesday night and visited the U.S. automaker’s plant in the financial hub and met with workers, according to photos posted by Tesla’s China-based public …
China warns of artificial intelligence risks, calls for increased national security measures
The statement underscores the tension between the government’s determination to seize global leadership in cutting-edge technology and concerns about the possible social and political harms of such …
US and China ‘intertwined like conjoined twins’, says Musk
Elon Musk said the interests of the US and China are “intertwined like conjoined twins” during his surprise visit to China on Tuesday amid strained diplomatic ties between the countries. The Tesla …