McKinsey has stopped its China business from undertaking consultancy work related to generative artificial intelligence, the Financial Times reported on Wednesday, citing two people with knowledge of …
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McKinsey bars China practice from generative AI work amid geopolitical tensions
Consulting firm’s move follows scrutiny from Washington over US companies’ involvement in sensitive Chinese sectors …
China Shuns Low-Grade Coal From Indonesia as Imports Collapse
Indonesia bore the brunt of a sharp fall in China’s coal imports last month, underscoring how Chinese power plants have shifted away from lower-quality fuel due to persistent domestic oversupply.
EU-China trade frictions
Oct 8, 2024 – China imposes temporary anti-dumping tariffs on EU brandy, hitting brands from Hennessy to Remy Martin. Oct 29, 2024 – The EU approves imposing extra tariffs of up to 35.3% on …
China’s DeepSeek AI Predicts the Price of XRP, Dogecoin and Cardano by the End of 2025
DeepSeek AI suggests that holders of the following altcoins are poised for substantial gains, but which ones will do best may surprise you.
Regulatory changes have built momentum in Hong Kong IPOs
A wave of reforms is driving growth in IPO listings in Hong Kong, with experts including Deloitte China’s Edward Au bullish on further growth through the rest of the year.
Trump considering meeting with China’s Xi in the near future amid possible tariff pause extension
President Donald Trump said he could meet with Chinese President Xi Jinping in the “not too distant future” following an invitation from Beijing.
China Tariff Deal ‘Likely’ Will Be Extended, Bessent Says—But Others Will Still Take Effect Aug. 1
The Trump administration’s trade deal with China that sharply lowered the tariff rate on Chinese imports is expected to be extended past its Aug. 12 deadline, Treasury Secretary Scott Bessent …
More from India less from China: How politics is changing America’s import basket
The shift in trade patterns is a reflection of ongoing geopolitical tensions, particularly policies pursued by the administration of US President Donald Trump, which have impacted China’s dominance an …
China’s Luxury Tax Just Crushed One Premium Brand Harder Than The Rest
The Chinese government introduced an additional luxury tax targeting more vehicle segments. The price threshold drops from $182,600 to $126,400, and EVs are no longer exempt. More foreign premium …
China’s STAR market sees surge of hard technologies amid 6th anniversary
The Nasdaq-style sci-tech innovation board of the Shanghai Stock Exchange, known as the STAR Market, marked its sixth anniversary on Tuesday. Since it was established, the board has grown from being …
PomDoctor Files For Nasdaq IPO That May Be Overvalued
Now, the unprofitable PomDoctor Ltd. is hoping to join their ranks as China’s newest publicly traded online medical services provider, with plans to list on the Nasdaq, according to an updated version …
China blocks U.S. government worker and banker from leaving the country
China is refusing to let a U.S. Department of Commerce employee and a Wells Fargo banker leave the country, officials say.
