Ethan Zhao
Senior Reporter
The Latest
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IMF Upgrades China's GDP Forecast to 5%, Warns of Long-term Risks
The International Monetary Fund (IMF) has upgraded its forecast for China's economic growth this year to 5%, up from the previous estimate of 4.6%, citing a strong first quarter and recent policy measures aimed at stabilizing the economy. 
The International Monetary Fund (IMF) has upgraded its forecast for China's economic growth this year to 5%, up from the previous estimate of 4.6%, citing a strong first quarter and recent policy measures aimed at stabilizing the economy. -
China’s Third Big Fund Aims for Semiconductor Self-Sufficiency with $47.5 Billion Investment
China has established its third state-backed investment fund to bolster its semiconductor industry, committing 344 billion yuan ($47.5 billion) in an effort to achieve technological self-sufficiency. This move underscores President Xi Jinping's intensified drive to fortify China's semiconductor capabilities, especially amid escalating U.S. export controls designed to limit Beijing's access to advanced technology for potential military applications. 
China has established its third state-backed investment fund to bolster its semiconductor industry, committing 344 billion yuan ($47.5 billion) in an effort to achieve technological self-sufficiency. This move underscores President Xi Jinping's intensified drive to fortify China's semiconductor capabilities, especially amid escalating U.S. export controls designed to limit Beijing's access to advanced technology for potential military applications. -
China Concludes War Games Around Taiwan Amid Escalating Tensions
China wrapped up two days of intensive military exercises around Taiwan, simulating attacks with bombers and practicing ship boardings. The drills, named "Joint Sword - 2024A," began shortly after Lai Ching-te was inaugurated as Taiwan's president. 
China wrapped up two days of intensive military exercises around Taiwan, simulating attacks with bombers and practicing ship boardings. The drills, named "Joint Sword - 2024A," began shortly after Lai Ching-te was inaugurated as Taiwan's president. -
Lottery Win Turns Sour: Cousins Feud Over $1.3 Million Prize in China
In Henan, China, a pair of cousins who once shared close quarters and co-owned a roasted chicken leg stall have fallen out over a lottery prize of 9.46 million yuan (approximately $1.34 million). Their close collaboration turned into a legal battle after the windfall. 
In Henan, China, a pair of cousins who once shared close quarters and co-owned a roasted chicken leg stall have fallen out over a lottery prize of 9.46 million yuan (approximately $1.34 million). Their close collaboration turned into a legal battle after the windfall. -
Taiwan Mobilizes Forces in Response to Beijing's 'Punishment' Drills
China commenced two days of extensive military exercises around Taiwan on Thursday, mere days after Lai Ching-te was inaugurated as Taiwan's new president. These maneuvers, labeled as "punishment" for what Beijing terms "separatist acts," highlight the escalating tensions in the Taiwan Strait. China commenced two days of extensive military exercises around Taiwan on Thursday, mere days after Lai Ching-te was inaugurated as Taiwan's new president. These maneuvers, labeled as "punishment" for what Beijing terms "separatist acts," highlight the escalating tensions in the Taiwan Strait. -
Beijing Starts 'Punishment' Exercises Near Taiwan in Response to 'Separatist Acts'
China commenced two days of intensive military drills around Taiwan on Thursday, just three days after Lai Ching-te assumed office as Taiwan's new president. The exercises, which Beijing described as "punishment" for "separatist acts," underscore the escalating tensions between China and the democratically governed island. 
China commenced two days of intensive military drills around Taiwan on Thursday, just three days after Lai Ching-te assumed office as Taiwan's new president. The exercises, which Beijing described as "punishment" for "separatist acts," underscore the escalating tensions between China and the democratically governed island. -
Vietnam Cuts Power to Foxconn, India's AC Sales Soar Amid Severe Southeast Asia Heatwave
Southeast Asia is experiencing another intense heatwave this year, with temperatures soaring to new heights across Vietnam, India, and the Philippines, significantly impacting power demand and sales of cooling appliances. 
Southeast Asia is experiencing another intense heatwave this year, with temperatures soaring to new heights across Vietnam, India, and the Philippines, significantly impacting power demand and sales of cooling appliances. -
JD.com Seeks to Raise $1.5 Billion in Convertible Bond Deal Amid Expansion Plans
JD.com, one of China's leading online retailers, is embarking on a significant financial maneuver, aiming to raise $1.5 billion through a convertible bond sale. The move, revealed in the company's regulatory filings on Tuesday, highlights JD.com's strategic efforts to bolster its global operations and enhance its supply chain network. 
JD.com, one of China's leading online retailers, is embarking on a significant financial maneuver, aiming to raise $1.5 billion through a convertible bond sale. The move, revealed in the company's regulatory filings on Tuesday, highlights JD.com's strategic efforts to bolster its global operations and enhance its supply chain network. -
China Sanctions Former U.S. Lawmaker Mike Gallagher Over Taiwan Support
Beijing announced on Tuesday that it has imposed sanctions on former U.S. Representative Mike Gallagher. The Chinese government cited Gallagher's actions and statements, which they claim interfered in China's internal affairs, as the reasons for these punitive measures. 
Beijing announced on Tuesday that it has imposed sanctions on former U.S. Representative Mike Gallagher. The Chinese government cited Gallagher's actions and statements, which they claim interfered in China's internal affairs, as the reasons for these punitive measures. -
China's Fiscal Revenue Decline Highlights Economic Struggles Amid Property Sector Weakness
China's fiscal landscape showed signs of strain as fiscal revenue declined by 2.7% in the first four months of 2024 compared to the same period last year. 
China's fiscal landscape showed signs of strain as fiscal revenue declined by 2.7% in the first four months of 2024 compared to the same period last year.
