China has pledged to "fight to the end" after U.S. President Donald Trump signaled a sharp escalation in the ongoing trade standoff between the world’s two largest economies. Beijing hit back strongly against Trump’s threat to impose an additional 50% tariff on Chinese goods starting Wednesday, calling the move “blackmail” and warning that it will …
Global technology stocks have plunged over concerns about the computer chip industry. This decline follows reports suggesting the Biden administration may further restrict exports of semiconductor equipment to China. Former US President Donald Trump's remarks that Taiwan, the largest chip producer, should finance its own defense have also contributed to the market's anxiety. In the …
China's economy faltered in the second quarter, according to official data, coinciding with a crucial meeting of the country's top leaders addressing its sluggish growth. The economy expanded by 4.7% in the three months leading up to June, falling short of expectations after a strong start in early 2024. The government's annual growth target is …
China's consumer price growth decelerated in June while factory prices eased but remained in deflationary territory, raising hopes for stronger economic stimulus measures at an upcoming Communist Party policy meeting. According to official data from the National Bureau of Statistics released on Wednesday, consumer prices rose by 0.2% year-on-year in June, down from a 0.3% …
Influencer and jewelry dealer Wang Hongquanxing, often referred to as "China’s Kim Kardashian," has been banned from social media in the latest move by the Xi Jinping-led Communist Party to curb extravagant behavior and public displays of wealth. At 30 years old, Wang’s personal profiles are now inaccessible due to a violation of the "self-discipline" …
China's Cyberspace Research Institute has unveiled a new large language model (LLM) and conversational AI designed to promote and discuss the philosophies of President Xi Jinping. This AI, dubbed XiBot, is currently undergoing internal testing and has not yet been released for public use. XiBot is built on a comprehensive collection of government documents, enabling …
President Joe Biden's latest move to impose steep tariff hikes on various Chinese imports, including electric vehicle (EV) batteries, computer chips, and medical products, signals a risky strategy aimed at bolstering his economic credentials amid voter skepticism. While maintaining tariffs set by his predecessor, Donald Trump, Biden's administration is significantly increasing tariffs on key goods, …
Huawei, a name synonymous with technological innovation, has established itself as a dominant force in the Chinese market. From smartphones and telecommunications equipment to cloud computing and artificial intelligence, Huawei's tentacles reach across various sectors, solidifying its position as a national tech champion. But what factors have fueled this remarkable rise, and what does the …
China has voiced accusations against the United States and Elon Musk's SpaceX, claiming that their Starshield program is contributing to the militarization of space. The Chinese military has expressed concerns about SpaceX's involvement in developing advanced intelligence satellite systems since 2023, with accusations of escalating tensions. The Starshield program, aimed at enhancing the US government …
The idea of sourcing cheap products from China and selling them on Amazon for a healthy profit has long been a tempting proposition. However, the landscape of e-commerce and global trade is constantly evolving. Let's delve into the current state of the China-to-Amazon model and explore its potential profitability: The Shifting Landscape: Can it Still …
Chinese technology shares faced a downturn following a recommendation from the country's cyberspace regulator to limit smartphone usage for children under the age of 18. On Wednesday, companies like Alibaba and video-sharing platform Bilibili witnessed a decline in their share prices, which continued into early trading on Thursday. The proposed law aims to restrict children …
China, with its rapid economic growth and expanding global influence, has become a subject of curiosity for many. While its domestic developments are widely discussed, there is a lesser-known aspect that often goes unnoticed - China's presence and initiatives in the Western world. In this article, we shed light on some of the intriguing Chinese …
China's rise as a global economic powerhouse has been accompanied by its remarkable dominance in the electronic market. From smartphones and laptops to home appliances and consumer electronics, Chinese manufacturers have captured a significant share of the industry. This article explores the factors behind China's success, focusing on its ability to produce high-quality products at …
The U.S., Japan, India, South Korea, Taiwan and Italy have announced testing requirements for passengers from China. The U.S. cited both the surge in infections and what it said was a lack of information, including genomic sequencing of the virus strains in the country. Authorities in Taiwan and Japan have expressed similar concern. “Right now the pandemic situation in …
