International Monetary Fund cut China’s economic growth forecasts for 2023 and 2024 in its ‘World Economic Outlook’ on Tuesday, while revising up its estimates for the US economy.
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China reports 45 deaths of COVID-19 in September
Fever Clinic of Peking University International Hospital File Photo: VCG China reported 45 deaths of COVID-19 nationwide in September including one who died of respiratory failure caused by the …
Shanghai ends August with highest density of 5G base stations
The Shanghai Municipal Communications Administration reported that 5G base stations account for 37.2% of total mobile sites in the city …
China Gains Access to Advanced Semiconductor Technology as US Waives Export Controls
The US government imposed the export controls in October 2022 in an effort to prevent China from gaining access to advanced semiconductor technology. However, the controls were met with strong …
China Intends to Exceed 300 Exaflops Aggregate Compute Power by 2025
The People’s Republic of China, so cagy in recent years regarding its leadership-class supercomputing resources, on Sunday declared its intent to exceed 300 exaflops of aggregate computing power …
US Chip Strategy Shifts: South Korea’s Semiconductor Future Amid US-China Tech War
Amid the escalating tech war between the US and China, a significant milestone has been reached that is set to impact the global semiconductor industry. The US has granted Samsung Electronics and SK …
5 things about AI you may have missed today: IBM CEO on AI accountability, China’s big AI plans, more
It was another interesting day in the artificial intelligence space with areas such as regulation, healthcare, and big tech witnessing some big developments. IBM CEO Arvind Krishna, in an interview, …
North Korean restaurants in China are refusing South Korean diners
Several North Korean eateries in China, including Beijing and borderland cities, confirmed to AFP that they are implementing a strict policy of refusing South Korean diners, citing new regulations from the North Korean embassy.
China’s Country Garden warns of default again as property sales plunge
For the second time in just over two months, Country Garden has warned investors that it could default on its $190 billion debt in a reminder that China’s real estate crisis is far from over.
Why brands need to pay attention to China’s proposed ban on ‘offensive attire’
China has proposed a law that would ban clothing that “hurts the feelings of the Chinese nation.” Should brands start treading lightly?
US Senate Leader Tells China’s Xi US Wants More Equitable Business Relations
Chuck Schumer, who was part of a bipartisan US congressional delegation that met with Xi Monday, also said he wants Beijing to take action to curb the flow of fentanyl
US senators hopeful for preliminary talks with China on fentanyl crisis during Beijing visit
A delegation of U.S. senators on a visit to Beijing made progress on initiating government discussions with China regarding its involvement in the U.S. fentanyl crisis.
WM Motor is the latest startup to file for bankruptcy in China’s booming but saturated EV market
After an eight-year run and a reign as one of the highest funded EV startups in all of China, WM Motor and its brand Weltmeister have filed for bankruptcy. Today’s news puts a bookend on…