China’s crude imports recovered 22% from June’s decade low, but a renewed Strait of Hormuz shutdown and soft domestic demand are already clouding the outlook for August and beyond.
Featured Posts Title
China identifies countries of 261 foreigners missing in Himalayan mudslide
China’s president gets out and about
Rescuers pump air into hydropower tunnel in search for missing workers after Nepal-China flooding
Nearly 600 dead, 2,500 missing after glacier disaster near Nepal-China border
Beijing expands purge of top generals
China rebuts claims it could have given Nepal warning of deadly floods
Death toll rises and thousands still missing in Nepal and China after catastrophic floods
Recent Posts
China Oil Imports Hit 3-Month High in July as Strait of Hormuz Shutdown Threatens Fresh Supply Shock
Yum China takes control of the Pizza Hut business in mainland China
Yum! Brands (YUM) announced on Friday that it closed on the sale of Pizza Hut in mainland China to Yum China Holdings (YUMC) for $1.2B. The restaurant company noted that the transaction with Yum China…
This year could mark a space-race tipping point. Here’s what to know about China’s secretive program
China’s space program is having a landmark year, and clues to which nation is pulling ahead in the new moon race may be emerging.
China’s Export Boom Rolls On Despite Trade Backlash
China’s factories are finding eager buyers abroad even as weak consumer spending and a prolonged property slump weigh on growth at home.
Three Things to Know About China’s Export Boom
China’s export growth maintained robust in July, though at a slower pace from June, on persistently strong global demand for artificial-intelligence products.
Breaking: Trump Declares “We Don’t Want To See China Take Over Crypto” Amid CLARITY Act Delay
U.S. President Donald Trump has been propping up the crypto industry. He stated that the US should continue to be a digital assets leader. He made these …
Heavy Rains Drench Beijing as China Braces for Typhoon Dolphin
BEIJING, Aug 7 – Multiple districts in Beijing issued heavy rainfall warnings on Friday evening with authorities warning residents of disasters including floods in the city centre and also …
China is gaining ground in AI. But the US still has a major advantage
Chinese AI companies have made recent leaps in closing the performance gap with U.S. frontier labs.
AI demand keeps China’s export engine humming, but risks loom
By Yukun Zhang and Ryan Woo BEIJING, Aug 7 (Reuters) – China’s exports beat expectations in July, remaining a key driver of economic growth as the global AI infrastructure boom fuelled demand for high-tech goods…
Trump Calls AI ‘Bigger Than Oil’ In the Race Against China For Tech, Crypto Dominance
In an interview with Punchbowl News, President Trump said expanding data center infrastructure is critical to supporting AI growth.
Beijing E-Town unveils city’s first token economy policy package
The Beijing Economic-Technological Development Area, also known as Beijing E-Town, unveiled the city’s first dedicated policy package for the “token economy” on Friday, offering financial incentives …
Unitree IPO Turns 36-Year-Old Founder Into China’s First Humanoid Robot Billionaire
The mogul, who launched a viral, 3-meter-tall transformable robot this year, has amassed a fortune of $2.4 billion derived from his equity stake.
China’s COVID-19 positivity rate shows signs of stabilization
China’s COVID-19 activity has remained at a moderate level overall recently, and the upward trend in its positivity rate has slowed, according to data released by the Chinese Center for Disease …