What You Need to Know About Biden and Meloni’s Talks on China
US President Joe Biden and Italian Prime Minister Giorgia Meloni met at the White House on Thursday to discuss China, Ukraine, and migration. The two leaders agreed on the need to counter China’s unfair trade practices and human rights violations, as well as to cooperate on climate change and global health. They also reaffirmed their […]
Why China’s Stock Market Is Losing Its Shine
China’s stock market was once the darling of Wall Street, with investors betting on a speedy recovery from the pandemic and a booming economy. But after a $1.5 trillion rout that wiped out almost 20% of its value, the outlook has turned gloomy. In this blog post, we’ll explore some of the reasons behind China’s […]
China Home Prices Rise First Time in 18 Months After Stimulus
China’s home prices rose in February for the first time in 18 months, a sign that government efforts to revive the battered market are starting to pay off. New home prices in 70 cities, excluding state-subsidized housing, gained 0.3% after being unchanged in January, the National Bureau of Statistics reported Thursday. Prices snapped an 18-month […]
SVB Collapse Offers Lesson for China: State Media
Official media say a similar collapse is unlikely in China but the situation has ‘important implications for lenders. The collapse of Silicon Valley Bank (SVB) will not affect China’s financial system but offers an important lesson for the country’s banking industry, the official Securities Times has said. An SVB-style bank failure is unlikely to happen […]
Thousands Mistake US Research Plane, Viral Explosion for Chinese Spy Balloon
A US high-altitude research balloon is now among the world’s most tracked aircraft after thousands of internet users mistook it for the alleged Chinese surveillance balloon hovering over the western state of Montana. More than 4,000 users followed every move of “N257TH,” a standard high-altitude research balloon that is often launched over the United States, […]
US Alleges Chinese Spy Balloon Flew Over Sensitive Military Sites
A suspected Chinese surveillance balloon has been flying over the United States for a couple of days, but the Pentagon has decided not to shoot it down for fear of harming people on the ground, US officials said. The United States took “custody” of the balloon as it entered US airspace and observed it with […]
Apple Gets a Boost in India as Chinese Suppliers Receive Authorization
More than a dozen Chinese suppliers from Apple Inc. are receiving initial authorization from India to expand in the country, helping the tech giant’s efforts to diversify its assembly network beyond China. AirPods and iPhone assembler Luxshare Precision Industry Co. and a unit of lens maker Sunny Optical Technology Group Co. are among the companies […]
China’s Imports of ICs Fell in 2022 for the First Time Since 2004
China’s imports of integrated circuits (ICs), another term for chips, fell 15.3 percent in volume in 2022 from a year earlier, a sharp reversal from strong growth in the previous two years amid supply chain disruptions as a result of the country’s zero Covid approach and U.S. export restrictions. China imported 538.4 billion units of […]
War Game Shows Taiwan Halting China’s Invasion But At ‘Huge’ Cost
Taiwan is likely to defeat a Chinese invasion if the United States comes to the island’s defense, a prominent think tank says, but warns such a victory would come at an “enormous” cost, including the loss of tens of thousands of lives and damage to Washington’s global standing. The Center for Strategic and International Studies […]
China Announces the Reopening of the Border with Hong Kong
The announcement comes after three years of border controls that have isolated the financial hub from the Chinese mainland. China announced it will open its border with Hong Kong on Sunday, ending three years of pandemic restrictions that have isolated the financial hub from the Chinese mainland. Hong Kong residents traveling to mainland China will […]