“This seriously deviates from the market economy and fair competition principles that the U.S. has always advocated,” the Chinese Ministry of Commerce said.
Tagged By business
Biden Walks a China Tech Tightrope
China needs more foreign investment as its economy slows and its industrial policy fails to deliver faster growth. Mr. Biden’s order won’t block businesses from investing in China for the most part, …
Tech investors face ‘new era’ of China restrictions after Biden order limits funding in A.I., chips
Following President Biden’s executive order to limit tech investments in China, venture capitalists will have even less exposure to the world’s No. 2 economy.
China’s Economic Shocks Have Thrown the World Off Balance
The world was said to be on the cusp of an unusually synchronized expansion. Few people still spoke of a jobless recovery in America, and China, after some rare stumbles, appeared to be returning to…
Chinese police to crack down on crypto and deepfake AI
During a press conference hosted by China’s Ministry of Public Security on Aug. 10, Jinfeng Sun, political commissar of the Network Security Bureau, said there had been a spree of incidents involving …
China has a deflation dilemma – Is there a way out?
The recent stirrings in the economic cauldron have all eyes on China, as the nation navigates its way through a troubling deflationary period. With the world’s second-largest economy seemingly …
China responds to Biden’s investment restrictions
China has boldly come forward, openly criticizing the Biden administration’s recent endeavors to curtail U.S. investment in the technological sphere. To some, it might seem like a mere economic play, …
How fast are Binance revenues falling? New trading data offers critical clues about the health of the crypto empire and its $37 billion coin
The double hit from legal crackdowns targeting Binance and steep drop in overall trading of digital currencies has hammered the exchange’s volumes.
China’s ag imports rise so far in 2023
China imported more agricultural products in the first six months of 2023 than it did during the same period in 2022 as soybean prices surged higher. The value of those agricultural imports in the …
‘I haven’t seen a tree in three years,’ TV anchor jailed in China says in rare message
Australian TV anchor Cheng Lei, who will have spent three years in detention in China as of Sunday, said in a rare message that she misses her family and life in Australia.
Guangdong sees import export gains in July
Guangdong’s import and export volume from private enterprises reached 2.74 trillion yuan from January to July, a year-on-year increase of 6 percent, accounting for 60.3 percent of the province’s total …
Crypto Market Remains Stable, Bitcoin Once Again Crosses $30,000-mark
Hudda pointed out that BTC (-0.6 per cent) is beginning to show some strength and investors are foreseeing a see bullish trend building up. According to market data, BTC’s open interest data is …
With blockchain ‘bridge’, China challenges U.S. dollar dominance
A new platform to expand the reach of China’s digital yuan and other central bank digital currencies (CBDC) is moving closer to reality, raising eyebrows among some defenders of a system long …
