China
Xiaomi Seeks Incentives Amidst India's Clampdown on Chinese Firms
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German Chemical Giant BASF to Exit Xinjiang Ventures Amid Human Rights Abuse Allegations
"BASF, the German chemical conglomerate, announced its decision to divest from two joint ventures in Xinjiang, China, amidst rising concerns over alleged human rights abuses linked to its local partner, Xinjiang Markor Chemical Industry Co. -
Hackers From China, Iran and Russia Use ChatGPT to Boost Cyberattacks, Microsoft and OpenAI Warn
"Microsoft and OpenAI have disclosed how nation-state-backed hacking groups from Russia, North Korea, Iran, and China are harnessing the power of advanced AI tools, such as ChatGPT, to fortify their cyber-attack strategies.
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Putin and Xi Vow to Challenge U.S. Influence in ‘Multipolar World’ After Trump’s Inauguration
Russian President Vladimir Putin and Chinese President Xi Jinping reaffirmed their nations' deepening partnership during a video call on Tuesday, just one day after Donald Trump was sworn in as the 47th president of the United States. -
China Faces Mounting Demographic Crisis as Population Declines for Third Consecutive Year
China's population shrank for the third straight year in 2024, marking another chapter in the country's worsening demographic challenges. The National Bureau of Statistics reported Friday that the population fell by 1.39 million to 1.408 billion, underscoring a steady decline that began decades ago but has accelerated in recent years. -
Trump and Xi Discuss Trade, TikTok, and Fentanyl in Pre-Inauguration Call
President-elect Donald Trump confirmed on Friday that he held a phone conversation with Chinese President Xi Jinping, covering a wide range of issues, including trade, the TikTok ban, and the fentanyl crisis. The call comes just days before Trump's inauguration on Monday, signaling potential shifts in U.S.-China relations under his incoming administration. -
China’s Q4 GDP Surges 5.4%, Surpassing Forecasts Amid Policy Boosts
China's economy exceeded expectations in the fourth quarter of 2024, growing at a robust 5.4% year-on-year, according to data released Friday by the National Bureau of Statistics. The strong performance, fueled by a series of targeted stimulus measures, allowed Beijing to meet its annual growth target of "around 5%," with full-year GDP growth landing at exactly 5%. -
Vanke CEO Zhu Jiusheng Taken by Authorities - Reports
Zhu Jiusheng, the CEO of China Vanke, was taken into custody by public security authorities on Wednesday, according to a report from state media outlet The Economic Observer. The unexpected development has intensified scrutiny of the real estate giant's financial stability amid a prolonged slump in China's property market.
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U.S. Plans Tougher Chip Restrictions on China Following TSMC-Huawei Controversy
The United States is preparing to implement stricter regulations aimed at preventing advanced semiconductors from reaching China, following revelations that chips manufactured by Taiwan Semiconductor Manufacturing Company (TSMC) ended up in Huawei Technologies' devices despite existing restrictions. The Biden administration plans to unveil these rules in the coming days, marking another escalation in the ongoing U.S.-China technology rivalry. -
China’s Central Bank Injects Near-Record Liquidity to Tackle Cash Crunch, Support Yuan
China's central bank has infused nearly $131 billion into its financial system, marking one of its largest liquidity injections on record. The move comes as the People's Bank of China (PBOC) works to address heightened demand for cash ahead of the Lunar New Year while simultaneously shoring up the embattled yuan. -
China Reportedly Considers Selling TikTok’s U.S. Operations to Elon Musk Amid Looming Ban
As a potential nationwide ban on TikTok approaches, Chinese officials are reportedly exploring the possibility of allowing Elon Musk to acquire the platform's U.S. operations. The move comes as ByteDance, TikTok's Beijing-based parent company, faces a January 19 deadline to divest the app's U.S. operations or risk its removal from American app stores. The Supreme Court appears likely to uphold the legislation mandating the divestiture, further intensifying the need for a resolution. -
China’s Trade Surplus Hits Record High as Exports Surge Ahead of Trump’s Tariff Threats
China's trade surplus soared to a record $104.84 billion in December, driven by a surge in exports as manufacturers raced to fulfill orders ahead of anticipated tariff hikes under President-elect Donald Trump. The robust trade data underscores the nation's reliance on exports amid weakening domestic demand and mounting global trade tensions. -
UK Seeks Balance in Renewed Economic Talks with China, National Security at Stake
The United Kingdom has rekindled its economic and financial dialogue with China after a six-year pause, marking a significant step in efforts to navigate a delicate balance between economic cooperation and national security concerns. Chancellor Rachel Reeves led a high-level delegation to Beijing, signaling Britain's intent to reset relations with the world's second-largest economy.