The Chinese government is taking steps to rein in what it calls “involution,” or excessive competition that is hurting local companies and fueling the country’s deflationary spiral.
Tagged By beijing
China’s Q2 smartphone shipments down 2.4%, says Counterpoint
Smartphone shipments in China were down 2.4% for the second quarter compared with a year ago, Counterpoint Research said on Tuesday.
Nvidia’s China reentry buys Beijing time in AI chip push
For the US, Nvidia’s continued presence in China may serve as a strategic lever to maintain its dominance in AI. Experts told CNBC that keeping Chinese firms reliant on US-designed chips and software, …
‘Strong uptick’ in global IPO offerings despite headwinds: EY
There was a strong uptick in global initial public offerings (IPOs) market listings in 2Q2025, with a total of 539 recorded listings raising US$61.4 billion ($78.8 billion) in 1H2025, according to an …
China scion’s fight with half-siblings sends succession warning
HONG KONG] For decades, Kelly Zong had been known as the only child to her late billionaire father, the founder of beverage empire Hangzhou Wahaha Group. His effort to groom her as a successor was…
China-backed hackers used Microsoft flaw in attacks, defenders say
Researchers say Chinese actors, along with other criminal hackers, exploited a security flaw in SharePoint software widely used by governments and businesses.
China needs to cut 2025 steel output to meet decarbonisation target, report says
China needs to cut steel output from the coal-powered blast furnace process by more than 90 million metric tons from 2024’s level to achieve its green steel target this year, researchers said in a …
China’s Rare Earth Magnet Exports To U.S. Surge After Trade Pact Eases Shipment Restrictions
China’s exports of rare earth magnets to the U.S. in June rose more than sevenfold from May, signaling a sharp rebound in supply, according to Reuters. China’s rare earth magnet exports rose 157.5% from May…
Chinese blockchain to launch yuan-backed stablecoin
Chinese blockchain developer Conflux has rolled out the third iteration of its public network and announced plans for a stablecoin pegged to the offshore …
Washington says China will not let US government employee leave the country
The U.S. State Department said on Monday that the Chinese government had blocked a U.S. Patent and Trademark Office employee visiting the Asian country in a personal capacity from leaving.
China rare earth magnet exports jump 158% after trade truce
Total cargoes of the magnets rose to 3,188 tons last month, according to Chinese data on Sunday, more than double volumes of 1,238 tons in May.
Chinese blockchain Conflux launching offshore yuan-backed stablecoin
Chinese blockchain firm Conflux debuts Conflux 3.0 alongside a new offshore yuan-backed stablecoin to facilitate Belt and Road transactions.
Trump, Xi aides discussed autumn US-China leaders’ meeting, sources say
Aides to Donald Trump and Chinese leader Xi Jinping have discussed a potential meeting between the leaders during a trip by the U.S. president to Asia later this year, according to two people familiar …
