US lawmakers have called on Washington not to renew a four-decade-old science and technology cooperation agreement with China that they claim has likely developed knowledge threatening United States …
FINANCE
U.S. stock futures fall after report of fresh chips-to-China-ban hits Nvidia and other AI players
Nasdaq futures were leading early declines following a report that the Biden administration is considering a new ban on sales of AI chips to China.
2nd LD-Writethru: China’s industrial profit decline narrows in May
China’s major industrial firms in May reported a smaller profit decline for a third straight month in the latest signal of steady industrial recovery, data from the National Bureau of Statistics (NBS) …
(Summer Davos) Xinhua Headlines: In rewiring global growth, China takes its role
By Xinhua Writers Lyu Qiuping, Wang Jian and Li Kun. TIANJIN, June 28 (Xinhua) — The ongoing 14th Annual Meeting of the New Champions has provided a platform for global participa …
Tesla to Hit Record Quarterly Sales in China Even as Market Share Shrinks – Analysts
an analyst with China Merchants Bank International Securities. However, Tesla’s share in China’s battery electric car market would shrink in the quarter to 13.7% from 16% in the first three months, …
Why China has banned social media accounts of its top financial journalist
The influential journalist, Wu Xiaobo, has slammed China’s slow economic position, comparing the situation in the East Asian nation to the 1930s Great Depression …
China’s Economic Crisis: Influential Experts Silenced | Vantage with Palki Sharma
As China’s economy stagnates, Beijing has begun a crackdown. An influential expert in the finance world has been muzzled for discussing China’s unemployment rate. This comes as Chinese Premier Li Qiang today slammed the West…
China Sidesteps Yuan Support After Currency Pulls Back From Lows
China stood back from supporting the yuan for a third day, triggering further declines, in a sign it may not yet be ready to draw a line in the sand for the weakening currency.
China Tightens Grip on Markets After Selloff in Currency, Stocks
The central bank stepped up support for China’s slumping currency on Tuesday by setting the daily reference rate far stronger than estimates. The move came a day after a prominent finance writer and two of…
European stocks lack momentum as China boost fades
LONDON (Reuters) -European shares struggled to maintain positive momentum on Tuesday, after Asian stocks got a boost from China’s government saying it would support the economy, as investors focused on concerns about the economic outlook…
China steps in to stem yuan slide, shore up confidence
China’s monetary authorities took forceful action against a sliding currency for the first time in nearly eight months on Tuesday, with the country’s state banks acting to put a floor under the yuan even as…
Wall Street Cues, Beijing Economic Plans Churn Asian Stock Markets
Asian stock markets waffled Tuesday on Wall Street cues, although Hong Kong and Shanghai gained on market expectations of more economic stimulus from Beijing. Tokyo lost ground, and other regional …
UPDATE 2-China’s yuan firms as state banks step in; PBOC grows wary of decline
China’s yuan firmed on Tuesday after the central bank set its daily fixing stronger than market expectations for the second day in a row, bolstering speculation that authorities were becoming less …
