SHENZHEN, Aug. 24 (Xinhua) — South China’s economic hub Shenzhen has handled 516 China-Europe freight train trips since the service was launched in August 2020, carrying 361,100 tonnes of export …
Tagged By beijing
China capitalises on US sanctions in fight to dethrone dollar
China’s desire to promote its own currency has been stymied by the fact that it is not fully convertible. Nevertheless, in March the renminbi surpassed the dollar and became the most-used currency in China’s own…
Insight: China quietly recruits overseas chip talent as US tightens curbs
For a decade until 2018, China sought to recruit elite foreign-trained scientists under a lavishly funded program that Washington viewed as a threat to U.S. interests and technological supremacy.
China’s Yutu 2 rover reveals deep layers below far side of the moon
NASA’s Lunar Reconnaissance Orbiter has regularly spotted Yutu 2 and its tracks on the far side, while amateur spacecraft-tracking radio enthusiasts also frequently detect activity from Queqiao, a relay satellite orbiting beyond the moon to…
China’s ban on Japanese seafood has more political than economic heft
China may be Japan’s top seafood export market but marine products make up less than 1% of Tokyo’s global trade, which is dominated by cars, so that Beijing’s seafood ban on its neighbour is more…
Nvidia warns more chip curbs will end U.S. chipmakers’ ability to compete in China
Reports this year said the U.S. was considering new export restrictions to China of artificial intelligence-related chips, the likes of which Nvidia designs.
China central bank boosts offshore bill sales to stabilise yuan, says ex-official
Increased yuan bill sales by China’s central bank in Hong Kong this week helped tighten liquidity in the offshore market to help stabilise the yuan by making it expensive for speculators to short the currency,
Expansion will bring new vitality to BRICS – China’s Xi
The expansion of BRICS will inject new vitality into the group’s cooperation mechanism, Chinese President Xi Jinping said on Thursday before also announcing an upcoming launch of a $10-billion special fund aimed at bolstering global…
China’s economy is in desperate need of rescue
China’s economy is a “ticking time-bomb”, according to America’s President Joe Biden, because of its ageing workers and unemployed young. Others think it is suffering from “long covid” because of the …
North Korean plane takes off from Beijing, signaling Pyongyang’s border reopening post-pandemic
A commercial flight from North Korea landed and took off in Beijing Tuesday following severe COVID-19 restrictions that closed its borders for three years.
Six countries to join BRICS group; China labels expansion ‘historic’
Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates — will join the the group in January as Russia and China try to counter the west.
China bans seafood from Japan after Fukushima nuclear plant releases nuclear wastewater into Pacific
Shortly after China’s announcement, TEPCO President Tomoaki Kobayakawa said his company would compensate Japanese business owners for damages suffered by seafood bans over the wastewater release. Some …
Young people drive Shenzhen’s night economy
The night economy in Shenzhen has shown a significant upward trend in recent months, leading the country in consumption by young people. According to domestic food-delivery giant Meituan, nighttime …