China’s retail sales fell for the first time in more than three years in May, while urban investment contracted more than expected, adding to signs the economic slump deepened.
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China’s retail sales fall for first time since 2022 as domestic demand weakens
China’s retail sales contracted for the first time since 2022 in May, highlighting weak consumer demand despite stronger industrial output, robust exports and easing unemployment …
Should The U.S. Follow China’s Auto Industry Playbook?
Big increases in China’s auto exports including a doubling of global EV shipments last month underscore a truth that is lacking in U.S. discussion about the future of its own auto industry: Chinese …
Coinbase launches equity index perpetual futures for AI, defense, China, and tech sectors
Coinbase launches four perpetual equity index futures covering AI, defense, China, and tech sectors on a regulated US exchange, bringing crypto-style …
China’s car export surge is becoming impossible for legacy brands to ignore
China’s passenger-car exports jumped sharply in May, with new-energy vehicles making up more than half of the total. The surge matters because Chinese automakers are using overseas growth to offset …
Tencent-Backed Enflame Heads to IPO as China AI Chip Wave Grows
Tencent Holdings Ltd.-backed Shanghai Enflame Technology Co. has received approval for an initial public offering, a key step toward bringing to the market the last of the “four little dragons,” a …
Animoca Brands cofounder Yat Siu argues Asia will fuse AI and the blockchain before the West does
“In Asia, we don’t have this problem since we’re much more comfortable with money.” …
Fitch warns China’s fiscal risks exceed standard metrics, downgrades rating to ‘A’
Fitch downgraded China’s credit rating to ‘A’ citing fiscal deficits at 8.4% of GDP and collapsing revenue, with implications for global markets and crypto.
Exclusive-ByteDance in talks with China’s Iluvatar CoreX to purchase AI chips, sources say
BEIJING, June 15 (Reuters) – Chinese technology company ByteDance is in talks with Shanghai-based Iluvatar CoreX to purchase AI chips for inference work and is also considering a similar deal with …
China greenlights IPO registration of major memory chipmaker CXMT
China’s top securities regulator said on Friday that it has approved the initial public offering (IPO) registration of CXMT Corporation, the country’s largest manufacturer of dynamic random-access …
China beats Elon Musk’s ‘Jesus-level technology’ to launch world’s first commercial brain chip
China has moved ahead of Elon Musk’s ‘Jesus-level technology’ Neuralink in the race to commercialise brain-computer interface technology, approving what is being described as the world’s first …
China Is Aggressively Exporting Its Cars Because Nobody Is Buying Them In China
Facing a severe domestic sales slump, Chinese auto giants are aggressively exporting vehicles to international markets to offset declining sales and secure growth.
The mystery of how China is keeping down the world’s oil prices
China is normally the world’s top crude oil importer, and it sources much of that oil from Iran and other countries in the Middle East. China’s imports have fallen from around 11.6 million barrels a…
