SHANGHAI—Commerce Secretary Gina Raimondo’s China trip that ended Wednesday marked the resumption of economic and commercial dialogue between Washington and Beijing, offering a glimmer of hope among U.
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Baidu receives green light to launch AI Ernie Bot for general public, leading China’s AI revolution
Chinese tech giant Baidu was granted permission by Chinese authorities to introduce its AI Ernie Bot to the general public, with its official launch scheduled for August 31.
China’s economy is entering a ‘structural hard landing’ as growth will remain low
China’s economic growth will stay under 5% at least through the end of 2024, according to TS Lombard strategists.
Disengaging with China not credible, says James Cleverly
Foreign Secretary James Cleverly has defended holding talks with Chinese officials in Beijing, saying it would not be “credible” to disengage. Meeting China’s vice president, Mr Cleverly said the trip, the first by a such…
Free China Presidential Election Turns Complicated in Face of an Increasingly Belligerent Beijing — and a ‘Trouble-Maker’ Leading in the Polls
Taiwanese politicians with presidential ambitions are running into complications for favoring a conciliatory approach toward the increasingly belligerent Communist China, while a candidate derided by …
With Beijing’s greenlight, mobility unicorns Zeekr and WeRide inch closer to US IPOs
Six months ago, China’s securities authority announced a set of new rules to facilitate overseas IPOs of Chinese companies, allowing Beijing to tighten its grip on businesses seeking to sell shares …
Elevator suddenly takes plunge in China, injuring three people
An elevator in China took a sudden drop on Aug. 26, sending three people to the hospital in an apartment building. (Credit: Asiawire)
How China became the king of new nuclear power, and how the U.S. is trying to stage a comeback
(For the sake of comparison, a gigawatt is about enough to power a mid-sized city.) “China is the de facto world leader in nuclear technology at the moment,” Jacopo Buongiorno, professor of nuclear …
Japan weighing response to China’s seafood import ban
The Japanese government will carefully monitor China’s moves before deciding whether to file a complaint with the World Trade Organization over China’s import ban on Japanese seafood. The Chinese …
Here’s why China’s yuan will never be able to dethrone the US dollar
“That weaponization of the dollar is part of the reason why Russia, China, and other BRICS nations have vied for an alternative to the dollar.” …
U.S. engages in frank talks amid warnings China has become ‘uninvestible’
Commerce Secretary Gina Raimondo arrived in China this week with a challenging brief: Her department has implemented the United States’s tough export controls against China and she had to stand firm …
UPDATE 2-Chinese banks should step up lending to private sector, central bank official quoted
BEIJING, Aug 30 (Reuters) – An official at China’s central bank urged banks to step up lending to private companies during a meeting on Wednesday with financial regulators, corporations and lenders, …
Lego will cross 500-store mark in China this year despite sluggish economy, CEO says
“We are keeping our investments [in China] going,” Lego Group CEO Niels B. Christiansen told Yahoo Finance Live (video above). Christiansen said Lego Group — a private, family-owned company — will …