China saw a 15.6% surge in cross-border e-commerce import-export volumes in 2023, facilitated by pilot CBEC zones and Silk Road e-commerce.
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‘Too thrilled to sleep’: China small business owner, 28, scoops US$96 million lottery jackpot, largest win in country’s history
Buys 133 tickets, 2 yuan each, bets same 7 numbers, each wins US$725,000 Exceeds previous US$80 million jackpot win by Beijing man in 2012 A 28-year-old man in China has won a 680-million-yuan (US$96 …
Chinese local authorities warn public of crypto-related scams amid broader crackdown
Authorities in Dalian alerted investors about illegal fundraising scams disguised as crypto or metaverse investment opportunities.
Airbus CEO Dismisses China’s Comac C919 Threat: ‘Not Going To Rock The Boat’
Christian Scherer, the CEO of Airbus’s commercial aircraft business, has expressed his confidence in the face of emerging competition from China’s Comac C919. Scherer believes that the new entrant …
China’s middle class crying out for reform to restore confidence
The middle class has long been seen as the core of China’s future prosperity, but a depressed stock market and home values are sapping their confidence The nation is at a critical juncture when …
China regulatory chief’s appointment indicates investor confidence, market reforms are top of the agenda
Wu Qing, a veteran official with experiences across regulators and exchanges, has a background that contrasts with predecessors who were mostly SOE banking experts Days after his appointment, the CSRC …
China must embrace new era of AI revolution
The artificial intelligence leader OpenAI has unveiled a new AI model named Sora, which it asserts can generate “realistic” and “imaginative” 60-second videos based on brief text prompts.
China and Russia both think Trump is an ‘easy mark’ to exploit, Trump-era national security adviser says
“The only question in my mind if Trump is reelected is whether the bigger celebration will be in the Kremlin or in Beijing,” said John Bolton.
Fears over China seeking military advantage from ASML tools underlies export blocks, says Dutch trade minister
Fears that ASML’s computer chip equipment will be used for Chinese military ends underlie recent government decisions to deny the company export licences …
Electric Vehicles In China: 10 Key Differences And Why It Matters For The U.S.
America’s electric vehicle industry may have a head start, but China is coming up quickly, penetrating international markets and selling their EVs for less.
China central bank cuts benchmark lending rate to boost economy
China’s central bank on Tuesday cut a key benchmark lending rate used to price mortgages, as Beijing seeks to boost its flagging growth. But that, and recent announcements including central bank …
China’s chip imports and exports fell in 2023
According to data from the General Administration of Customs of the People’s Republic of China (GACC), semiconductor imports and exports fell in 2023 for the second year in a row.
Asia stocks struggle even as China slashes rates
Asian shares were pinned below 1-1/2 month highs on Tuesday as even a larger-than-expected interest rate cut in China failed to excite investors jaded at the lack of bigger stimulus measures.