China is facing pressure on trade as foreign shipments drop off and domestic demand remains weak, with a darkening global growth outlook and geopolitical tensions making a reprieve unlikely anytime …
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Alert: China trade tumbled in June with exports declining 12.4% and imports down 6.8% as global demand slowed
HONG KONG (AP) — China trade tumbled in June with exports declining 12.4% and imports down 6.8% as global demand slowed.
McDonald’s China owners Carlyle, Trustar plan partial exit with US$4 Billion stake sale; GIC, Mubadala among investors approached
Carlyle Group and Trustar Capital plan to raise US$4 billion from investors like Singapore’s GIC who may buy part of their stakes in McDonald’s operations in Hong Kong and mainland China.
China’s dream of a smooth post-pandemic economic recovery has already turned into a nightmare
The bad news just keeps coming for China’s ailing economy, with data released Thursday showing that exports tanked 12% in June.
China’s June crude imports soar 45.3% y/y as inventories build
China’s crude oil imports in June jumped 45.3% on the year to the second-highest monthly figure on record, customs data showed on Thursday, with refiners building up inventories despite tepid domestic …
Air Force general who predicted war with China leads ‘unprecedented’ training exercise
I don’t believe conflict is inevitable. I don’t believe it’s unavoidable,” Gen. Mike Minihan told NBC News. “But I also believe that ready now is what matters most.” …
China to introduce offline payment mode for digital yuan
The Bank of China, a state-owned bank in China, is expected to conduct trials for an offline payment system which will be connected to SIM cards. It is expected that this payment method is designed…
People’s Daily unit issues first ‘data certificates’ in China to prove data ownership and rights
People Data, a unit under the People’s Daily, has issued certificates covering data ownership, data processing rights and data management rights The company, which hopes to build a nationwide data …
China brands US a ‘global hacking empire’ – while denying government attack
China has called the US government ‘the world’s largest hacking empire’ in response to a Microsoft report accusing Chinese state-sponsored hackers of snooping on US government emails.
Mitsubishi’s China JV to cut staff costs after SUV sales dive
Mitsubishi Motors’ joint venture with China’s Guangzhou Automobile Group (GAC) on Thursday said it would cut staff costs in an attempt to turn the company around after sharp sales declines for sport …
China’s Role in Putin’s War Might Be Backfiring
The deepening strategic cooperation between Moscow and Beijing is raising concerns among NATO members and their Indo-Pacific partners.
German Cabinet Passes China Strategy – Govt Sources
BERLIN (Reuters) – Germany’s cabinet on Thursday passed its long-awaited China strategy, government sources said, after months of wrangling within Chancellor Olaf Scholz’s three-way coalition over how …
China publishes interim rules on generative AI
China issued interim measures on Thursday to manage its booming generative artificial intelligence (AI) industry, saying they would apply only to services offered to the public as regulators seek to …