Huawei is working on gaining a large part of the AI market in China, which is currently led by Nvidia. It offers local companies the ability to use their AI …
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Draft Trump trade memo targets US trade deficit, China purchases of US exports
U.S. President Donald Trump is ordering federal agencies to “investigate and remedy” persistent U.S. trade deficits, and address other countries’ unfair trade practices and currency manipulation, …
GOP senators prep hardline approach to Trump’s stance on China, TikTok: ‘Shut it down’
GOP Senators are taking a hard line against TikTok and defying President Trump who wants to delay the app from getting banned with Sens. Tom Cotton and Lindsey Graham leading the charge
Bitcoin Hits New Record Ahead of Possible Trump Action on Crypto
Bitcoin surged to over $109,000 before Donald Trump’s inauguration, as the crypto sector awaits major action from him.
TikTok awaits Trump reprieve as China signals it is open to deal
President-elect Donald Trump is expected to grant TikTok more time to strike a deal after he returns to power on Monday as China has signaled it would be open to a deal to keep TikTok…
China’s vice president makes a stop to see Elon Musk on his way to Trump’s inauguration
Han Zheng is scheduled to attend the celebrations in Washington D.C. on Monday and is the most senior Chinese official to attend a U.S. inauguration.
China’s BYD to complete $1 billion Indonesia plant by year-end, executive says
China’s top electric vehicle maker BYD aims to complete its $1 billion plant in Indonesia at the end of 2025, the head of its local unit said on Monday, underscoring the firm’s ambition to dominate…
Circle CEO expects imminent US executive orders to widen crypto
Circle CEO Jeremy Allaire expects U.S. executive orders “imminently” from incoming President Donald Trump, which he said could allow banks to trade crypto, offer crypto investments to wealthy clients …
China’s frugal young adults accelerate saving, raising economic risks
The frugal trend that began in China during the economic disruption of the pandemic and deepened amid the crisis in the property market is intensifying as Gen Z shuns government calls to spend, spend, …
China Box Office: ‘Octopus With Broken Arms’ Retains Top Spot, ‘Sonic the Hedgehog 3’ Stays in Fifth Place as Business Remains Dull
The Chinese box office continued to be dominated by ‘Octopus With Broken Arms,’ which held its top spot with $8.4 million.
Elon Musk complains about China ban on X as Donald Trump prepares TikTok reprieve
Elon Musk has objected to a lack of reciprocity in the US-China tech relationship, a rare criticism from the billionaire on issues sensitive to Beijing after US president-elect Donald Trump prepared …
China’s crude oil imports from top supplier Russia reach new high in 2024
China’s crude oil imports from top supplier Russia were up 1% in 2024 to a record high versus 2023, while purchases from Saudi Arabia dropped 9%, data showed on Monday, as refiners chased discounted …
Aritzia, Canadian Tire, Lululemon among Canadian retailers shifting production outside China
As China has developed economically, “labour costs have increased,” he said. “That’s very straightforward.” Greg Hicks, president and CEO of Canadian Tire — which also owns the international brand …
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