Ericsson has laid off 240 employees in China, part of a restructuring in the country that will affect one of its largest research hubs globally.
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China says Japan sent ‘shocking’ wrong signal on Taiwan
China-Japan spat: Beijing sends letter on PM Takaichi’s remarks to UN secretary-general
Swans rest in Qingshui River at Miyun Reservoir basin in Beijing
China moving forward to occupy Taiwan, warn US agencies, citing Beijing’s increasing military preparation and modernisation
China takes spat with Japan over Taiwan to UN, vows to defend itself
Japan Blasts China’s UN Letter Claim as Baseless, Urges Dialogue
Ex-general says Saudis unlikely to leak F-35 tech, but China ‘could exploit through intel’
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Ericsson Lays Off More Than 200 Employees in China
Former China c.bank deputy governor charged with illegally accepting $53.3 mln property
China’s former deputy central bank governor, Fan Yifei, was charged with illegally accepting property totalling more than 386 million yuan ($53.32 million), directly or through his relations, China’s state television CCTV reported on Thursday.
China’s top lenders face $221 bln loss-absorbing capital shortfall by 2025, Fitch estimates
China’s five globally systemically important banks would have a shortfall in their total loss absorption capital (TLAC) of 1.6 trillion yuan ($221 billion) by January 2025, Fitch Ratings estimates, …
US Funds Risky Bird Flu Research, Creating Lethal Strains of Virus with China: Concerns Rise Over Pandemic Origins
The US government allocates $1 million for bird flu research, partnering with Chinese scientists to study transmissibility and potential risks to humans. Despite earlier restrictions, funding began in …
China’s iPhone-Making Dominance May Be Coming to an End
India is offering lucrative manufacturing support programs to attract companies like Apple that want to move their supply chains away from China.
Danone sees China as key growth driver, CFO says
Danone said on Thursday that China will remain a key growth driver for the world’s largest yoghurt maker, as medical nutrition and beverages categories remain robust.
Exclusive: UBS shuts some China private funds, will lay off staff, sources say
UBS is shutting down some of its China private funds business and will lay off one-third of the staff as the Swiss bank cuts operating costs in the country, said three sources with direct knowledge…
China denounces U.S. shipbuilding probe as politically motivated ‘mistake’
China late Wednesday called on the United States to end its investigation into its shipbuilding industry, denouncing the probe as a politically motivated “mistake.” …
Revealed: The western brands investing big money in China
From LEGO to American Express, see the famous Western firms that are investing in new factories and stores across China.
Biden wants to sell blue-collar workers the American Dream of a failing China
In some of his harshest comments ever made about China, Biden called the country “xenophobic” and said it had more retirees than workers.
‘There is no time to waste’: EU leaders want to boost competitiveness to close gap with US and China
European Union leaders are debating at a summit in Brussels a new “European Competitiveness Deal” aimed at helping the 27-nation bloc close the gap with Chinese and American rivals.
China reports 4 times more cross-border trips by foreigners, but total still below pre-pandemic levels
More than 13 million foreigners enter or exit mainland China in the first quarter of 2024 after Beijing introduces visa-free policies for countries in Europe and Southeast Asia.
China sounds alarm after Philippines and US announce ‘mega drills’ involving 16000 soldiers
The joint military drill, involving 16,700 American and Filipino soldiers, will stimulate exercises of sinking a target ship, retaking an island and sailing in waters that have remained a flashpoint between China and countries like…
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