Factors include a shift from overseas to domestic spending, consumption moderation, and the return of outbound tourism. The luxury consumption in China is experiencing a notable slowdown, as per …
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Caught between China and the US, asylum seekers live in limbo in New York City
New York City inspires Chinese newcomers – even as migration has turned into a flashpoint in US politics ahead of November elections.
China Considers Government Purchases of Unsold Homes, Bloomberg News Reports
(Reuters) – China is considering a plan to have local governments across the country buy millions of unsold homes, Bloomberg News reported on Wednesday, as a protracted property crisis weighs heavily …
China Deploys Dozens of Ships to Block Philippine Protest Flotilla
Filipino civilians set sail in fishing boats to oppose China’s control of a shoal claimed by the Philippines. A formidable Chinese fleet awaited them.
The Lopsided Reality of the Russia-China Relationship
Beneath the surface, however, the relationship isn’t one of equals. Beijing has provided a lifeline to the sanctions-stricken Russian economy, supplying it with everything from electronics to washing …
China’s central bank leaves key policy rate unchanged
China’s central bank left a key policy rate unchanged when rolling over maturing medium-term lending facility (MLF) loans on Wednesday, in line with market expectations. WHY IT’S IMPORTANT The steady …
Putin and Xi’s ‘no-limits’ friendship will be put to the test on state visit to China
Russia, shunned from the world stage, and China, subject to new US tariffs, want to pivot further from the west …
Xiaomi becomes 8th largest EV upstart in China after successful SU7 launch
Chinese smartphone maker Xiaomi has become the country’s eighth-largest electric vehicle upstart after selling more than 7,000 units of its first model, the SU7 sedan, in April, according to industry …
China’s Alibaba profit tumbles 86% though revenue beats estimates
China’s Alibaba Group Holding reported an 86% plunge in fourth-quarter profit on Tuesday primarily due to valuation changes from equity investments, pushing its US-listed shares down almost 6% in …
9 Shenzhen companies included on Fortune ESG list
Photo/VCG] Nine Shenzhen enterprises made it onto a list of China’s most influential firms in terms of ESG development, according to the lates …
Old photos show Palestinian rivals Hamas and Fatah meeting in Cairo, not Beijing
“Historic moment! Hamas and Fatah have been feuding for 18 years but they actually shook hands and made peace in Beijing…China is such a peacemaker!” read a Weibo post shared on April 28, 2024. Similar…
South China Sea: Beijing should respond to ‘blatant provocation’ after US-Philippines joint military drills: report
A Chinese think tank calls for a strong response, ‘countermeasures’ after the Balikatan exercise sent an ‘increasingly dangerous’ signal on Taiwan.
Huawei flagship store surge in China signals showdown with Apple
Huawei is revamping its retail strategy and aggressively opening flagship stores in China, with some just a stone’s throw away from Apple shops, as it seeks to retake the premium electronics throne in …
