Ericsson has laid off 240 employees in China, part of a restructuring in the country that will affect one of its largest research hubs globally.
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US Funds Risky Bird Flu Research, Creating Lethal Strains of Virus with China: Concerns Rise Over Pandemic Origins
The US government allocates $1 million for bird flu research, partnering with Chinese scientists to study transmissibility and potential risks to humans. Despite earlier restrictions, funding began in …
China’s iPhone-Making Dominance May Be Coming to an End
India is offering lucrative manufacturing support programs to attract companies like Apple that want to move their supply chains away from China.
Danone sees China as key growth driver, CFO says
Danone said on Thursday that China will remain a key growth driver for the world’s largest yoghurt maker, as medical nutrition and beverages categories remain robust.
Exclusive: UBS shuts some China private funds, will lay off staff, sources say
UBS is shutting down some of its China private funds business and will lay off one-third of the staff as the Swiss bank cuts operating costs in the country, said three sources with direct knowledge…
China denounces U.S. shipbuilding probe as politically motivated ‘mistake’
China late Wednesday called on the United States to end its investigation into its shipbuilding industry, denouncing the probe as a politically motivated “mistake.” …
China reports 4 times more cross-border trips by foreigners, but total still below pre-pandemic levels
More than 13 million foreigners enter or exit mainland China in the first quarter of 2024 after Beijing introduces visa-free policies for countries in Europe and Southeast Asia.
China sounds alarm after Philippines and US announce ‘mega drills’ involving 16000 soldiers
The joint military drill, involving 16,700 American and Filipino soldiers, will stimulate exercises of sinking a target ship, retaking an island and sailing in waters that have remained a flashpoint between China and countries like…
De-dollarization is not working out in China, where businesses are hanging onto their US dollars
Despite discussions about de-dollarization, the US dollar still dominates global foreign reserves, according to IMF data.
Biden calls China ‘xenophobic’; Beijing says he may be referring to US itself
The rhetoric is meant to drum up support from blue-collar workers ahead of the November elections. Read more at straitstimes.com.
China foreign ministry welcomes Blinken’s visit to China as tensions simmer
China’s foreign ministry on Thursday welcomed U.S. Secretary of State Antony Blinken’s visit to China as tensions rise between the two countries over global trade, regional conflicts and the Russia-Ukraine war.
China’s Youth Unemployment Level Remains Steady in March
China reported a steady rate of youth unemployment in March after an official warned that joblessness among young Chinese needs more scrutiny.
South China Sea: will Beijing ramp up military presence after ‘very strategic’ deployment of US missile system?
Mid-range launcher now in the Philippines is a ‘powerful weapon’ capable of retaliatory strikes on mainland China, analysts say.
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