Driven by production cuts and price increases from upstream manufacturers, alongside a gradual revival in the consumer electronics market, the memory industry is witnessing a recovery after two years …
Tagged By covid-19
Most luxury companies are struggling in China — except one
Hermès defied China’s luxury slump, with uptick in sales in Asia. Its chairman said Chinese travelers are buying Hermès at home or in Europe.
Signify misses expectations on gloomy Europe, China woes, CEO says
By Alberto Chiumento (Reuters) -Signify CEO Eric Rondolat blamed a “gloomy” economic situation in Europe and “increased difficulties in China” after the world’s biggest maker of lights missed expectations on Friday for second-quarter adjusted core…
China’s central bank announces major rate cuts, doubles EV subsidy
Lending rate for one-year medium term policy loans was cut by 20 basis points to 2.3%, the biggest rate cut since the world’s second-largest economy was slammed by the Covid-19 pandemic in 2020 …
Xi’s China To ‘Speed Up’ Nuclear Force Buildup
China’s leader Xi Jinping ordered his country to “speed up” the development of strategic deterrence forces as Beijing demands the United States make “nuclear concessions.” …
India and China agree to work urgently to achieve the withdrawal of troops on their disputed border
India says it has agreed with China to work urgently to achieve the withdrawal of tens of thousands of troops stationed along their disputed border in a long-running standoff.
China veers off beaten path with consumer stimulus
After unshackling the economy from three years of COVID-19 restrictions, Chinese officials had hoped that stimulating the industrial sector would stabilise the job market and lead to higher wages and …
Southeast Asian diplomats meet with China as friction mounts over Beijing’s sweeping maritime claims
VIENTIANE, Laos — Top diplomats from Southeast Asia met Friday morning in Vientiane with China’s Foreign Minister for talks that come as friction continues to escalate over Beijing’s growing effort to …
North Korea Sees Strong Economic Growth in 2023 Amid Renewed Trade with China
North Korea’s economy surged by 3.1% in 2023 following three years of contraction, driven by increased trade with China and eased COVID-19 border restrictions. Despite ongoing sanctions, industrial …
US military, seeking strategic advantages, builds up Australia’s northern bases amid China tensions
The U.S. military is building infrastructure in northern Australia to help it project power into the South China Sea if a crisis with China erupts, a Reuters review of documents and interviews with U.
China, India should work in same direction, relations have an important impact, says Wang
China Foreign Minister Wang Yi said it is hoped that China and India will work in the same direction and explore how the neighbouring countries can get along, according to a statement. Wang, in talks…
US figure skating team gets 1st gold medal at Paris Olympics — for its performance 2 years ago in Beijing
The first gold medals have been awarded during the 2024 Summer Olympics — for an event that took place in the Winter Games more than two years ago. The Court of Arbitration for Sport rejected…
Beijing Can Take the South China Sea Without Firing a Shot
Over the past 15 years, China has expanded its once-minimal military presence in the South China Sea into a significant one.
