Several measurements of debt worsened in China in the first quarter, according to new data, continuing a raft of bad financial news from the world’s second-largest economy. Bad loans, defaults, and … ( read original…
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Think tank calls for HK-Shenzhen airport rail link
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Missouri wants to seize Chinese assets to recover $24 billion judgment in COVID case
Missouri seeks federal help in pressing China for $25 billion in COVID damages
How China-linked hackers co-opted Anthropic’s Claude
UBTech’s 2026 humanoid robot output to grow 10-fold as costs plunge with scale economics
Recent Posts
Bad Debt at China’s Banks Climbed in First Quarter. The Numbers Are Expected to Increase.
Goldman Sachs says Western powers can learn 5 key economic lessons from China’s handling of coronavirus
Using China’s experience as a case study, Goldman Sachs analysts outlined lessons for a glimpse into economic after-effects once measures are lifted. ( read original story …)
Gucci Owner Kering Hit Hard by Sales Slump but China Recovery Offers Hope
However, Kering said it had seen “encouraging signs” in mainland China in March with the reopening of most of its stores. The stock fell 6% in early trading on Wednesday and has now fallen 21%…
Patient in China misdiagnosed, declined COVID-19 testing
A Chinese COVID-19 patient was misdiagnosed and declined for testing in northeast China, causing an outbreak in what could be a second wave of novel coronavirus infections in the country. ( read original story …)
Shenzhen tightens rules for schools
Shenzhen will make every possible effort to ensure the safety of students and teachers when they return to schools and universities as the coronavirus epidemic fades in the city, local authorities … ( read original…
Shunned by U.S., Huawei Winning China’s $170 Billion 5G Race
Huawei Technologies Co. is emerging as the runaway winner in China’s $170 billion effort to build out its fifth-generation wireless networks, part of a concerted effort by Beijing to seize the lead in … (…
China Unicom profit tumbles; silent on 5G
China Unicom booked a double-digit drop in profit in the first quarter of 2020 as ARPU and subscriber numbers continued to fall year-on-year, with the operator looking to 5G to drive growth but still ……
China Unicom 1Q Net Profit Fell 14% as Costs Surged
China Unicom (Hong Kong) said first-quarter net profit fell 14% despite higher revenue, as surging administrative expenses weighed on earnings. Net profit declined to 3.17 billion yuan ($448.3 million … ( read original story …)
China’s Crypto Currency Currently the First, but Fears Remain
There was a biggie last week with the leaking of China’s much anticipated Central Bank Digital Currency (CBDC). The leak revealed extensive details of how the accompanying app works, a look at the … (…
Former CIA station chief warns of China becoming more aggressive to the West
The divide between the United States and China will only continue to increase in the coming months and years following the coronavirus pandemic, former CIA Station Chief and Fox News contributor … ( read original…
Coronavirus Crisis Offers Taiwan a Chance to Push Back Against China
Saying “Taiwan Can Help,” the island is resisting China’s efforts to isolate the self-ruling democracy that Beijing claims as its territory. ( read original story …)
Missouri is suing China over the coronavirus pandemic. It’s the latest conservative gambit.
Schmitt’s lawsuit appears to be part of a growing effort among elected officials, mostly GOP lawmakers, to make China quite literally pay for the mounting pain and economic turmoil that covid-19 has … ( read…
China calls virus lawsuit brought by US state ‘very absurd’
BEIJING — China on Wednesday slammed a lawsuit brought against it by the U.S. state of Missouri over the coronavirus pandemic as “very absurd.” Foreign ministry spokesman Geng Shuang said the legal … ( read…
