China’s leader Xi Jinping has his eye on the transformative forces of artificial intelligence to revolutionise the country’s economy and society in the coming decades. But the disruptive, and …
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Night view of Shougang Park in Beijing
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To win the AI race, China aims for a controlled intelligence explosion
Daily Cuts – Luxury brands suffer as Chinese growth slows
China’s economic slowdown and a crackdown by Beijing on displays of wealth are taking a toll on some of the world’s top luxury brands. LVMH sales in Asia, which include China but not Japan, fell…
China’s PwC slap may yet pack a punch
PricewaterhouseCoopers can finally start to think about putting its involvement in the China Evergrande scandal behind it. The auditor’s China unit may soon be given a record fine and a six-month ban,
China’s extreme weather takes bite out of produce as prices soar
Produce prices in China have risen sharply over the past two months, affected by extreme weather from deadly floods to scorching heat that has devastated millions of acres of farmland and is now hitting consumers…
Passed the peak? China’s crude oil imports trend down: Russell
China is also encouraging consumers to switch from older, less efficient vehicles to NEVs or more efficient ICE cars. This month Beijing announced an enhanced trade-in programme that will offer …
One of China’s hottest new EV makers says it lost $9,200 for each $30,000 smart car it delivered
Xiaomi’s first EV, the $30,000 Speed Ultra 7, sold out within a day of its March launch, but isn’t expected to break even for a while.
US charges Chinese dissident with allegedly spying for Beijing
US prosecutors have filed criminal charges against a Chinese dissident living in the US, accusing him of being an agent of Beijing’s intelligence service. Yuanjun Tang, 67, was arrested on Wednesday in the New York…
Japanese sushi train restaurant opens Beijing outlet
Sushiro, a popular Japanese sushi train restaurant, opened its first outlet in Beijing at downtown Xidan Joy City on Wednesday, adding to its more than 40 restaurants on the Chinese mainland. Sushiro, which aims to…
China’s Didi bounces back from losses caused by Beijing’s crackdown on internet services as it prepares IPO in Hong Kong
Didi Global Inc. swung to a profit in the June quarter, a welcome boost for the company as it prepares for a potential re-listing in Hong Kong.
Walmart’s Doing So Well in China It Doesn’t Need JD.com Anymore
Walmart Inc. is flying so high on the strength of its Chinese operations that it’s exited a long-time local partnership, an outlier in a consumer landscape that’s increasingly hostile to foreign brands.
China Evergrande subsidiary dealings raises prospects for offshore creditors
Offshore creditors of China Evergrande might be able to increase their chance of recovering funds if they can prove the property developer is due money from onshore subsidiaries, to which they would therefore be entitled,
China Gives Detail on Bond Crackdown With Some Solace for Bulls
A senior official at a Chinese regulatory body said Beijing will keep cracking down on speculative trading in longer-dated bonds, though suggested officials are not seeking to control yields as some …
China’s Slowing Economy Sparks Calls to Raise Deficit Ceiling
A growing chorus of Chinese economists called on Beijing to break away from an implicit budget deficit ceiling, opening the door to more central government borrowing as a way to shore up the faltering …