China and Hungary elevated bilateral ties to an all-weather comprehensive strategic partnership for the new era as the two nations pledged to deepen cooperation in sectors including infrastructure development, artificial intelligence and nuclear energy.
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Beijing, Budapest upgrade partnership
European firms souring on China, lobby group warns
The proportion of European firms that rank China as a top investment destination has hit a record low, a European business lobby group said on Friday, warning that it could take years to restore confidence…
US blocks some Intel, Qualcomm exports to China over Beijing’s objections
The U.S. Commerce Department revoked Intel and Qualcomm export licenses to Chinese firm Huawei after the blacklisted telecommunications firm unveiled a new AI-powered laptop.
Beijing slams US for calling Hong Kong protest song ban blow to judicial independence
Beijing expresses ‘strong dissatisfaction’ as Washington describes ban on ‘Glory to Hong Kong’ as blow to city’s judicial independence.
Analysis-Why China’s tolerance for a cheaper currency may be temporary
Currency markets are reading subtle signals from Chinese authorities as an indication they are slowly nudging the yuan lower to regain export competitiveness, but analysts say protracted yuan weakening is neither the intent nor desirable.
Domestic tourism soars in China but foreigners stay away
Yet a key exception is emerging in the form of domestic tourism. Last week’s five-day public holiday to mark labour day saw 295 million trips made within China, according to figures from the Ministry of…
One of China’s hottest toys sold millions. The inventor made $830.
College student Zhou Wenhao studies marine engineering in the central Chinese city of Wuhan by day. By night, he tinkers with 3D printing machines. In the summer of 2022, he printed a green and white…
Exclusive-China’s Zeekr prices US IPO at top of range to raise $441 million, source says
By Echo Wang NEW YORK (Reuters) -Chinese electric vehicle maker Zeekr Intelligent Technology priced its U.S. initial public offering (IPO) at the top of its indicated range on Thursday, raising $441 …
Morning Bid: Markets up but lacking oomph, China inflation looms
A look at the day ahead in Asian markets.Asian markets are poised to round off the week on a positive note on Friday, supported by gains on Wall Street, a weaker dollar and falling Treasury…
China’s Xi visits Hungary in bid to solidify European economic influence
A visit to Hungary by Chinese President Xi Jinping saw the authorization of numerous agreements aimed at solidifying Beijing’s regional economic foothold.
Exports to US reach all-time high, widen gap with China
Exports to the US, in particular, reached an all-time high, further widening the gap with China, the country’s second-largest export destination. Outbound shipments came to $56.2 billion, up 13.8 percent on-year, according to data revealed…
China outbound investment rule to be completed by end of year — US official
Commerce Secretary Gina Raimondo said Wednesday she expects rules to implement U.S. outbound investment restrictions on China will be completed by the end of the year.
China’s trade returns to growth on back of AI equipment imports
The value of China’s exports climbed 1.5 per cent in April from a year earlier, reversing an annual decline of 7.5 per cent in March, when lower prices battered Chinese producers. Analysts polled by Reuters…
