Forty-two percent of U.S. businesses operating in China are being impacted by overcapacity as China’s domestic economy continues to deflate amid ongoing price wars, a survey by the U.S.-China Business Council found.
Tag: China
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SPOTLIGHT: CHINA’S ECONOMIC UPS AND DOWNS
In June, the prices China’s factories charge for their products fell the most in two years as the U.S.-China trade war continues and domestic competitors are locked in a vicious price war to hold their shares of a shrinking market.
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CHINA’S ECONOMY WEAKENED AGAIN IN MAY
China’s factory production rose 5.8 percent in May from a year earlier, down from 6.1 in April and marking its weakest performance so far in 2025, the National Bureau of Statistics reported.
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CHINESE STARTUP SAYS IT’S BETTER THAN DEEPSEEK
MiniMax, yet another Chinese AI developer, says its new, open-source MiniMax-M1 model, is more efficient than closed-source Chinese competitors and also bests DeepSeek's latest R1-0528 model in several standard tests.
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CHINA CONDEMNED ISRAELI STRIKE ON IRAN, OFFERS TO MEDIATE
Beijing came out against Israel’s decision to attack Iran and said it is willing to mediate to end the conflict that threatens to ensnare the entire region.
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GERMANY: JA TO ELECTRIC CARS, NEIN TO TESLA
In May, sales of battery-powered cars in Germany jumped 45 percent year on year, but new Tesla registrations were a third lower, according to data from the country’s Federal Motor Transport Authority.
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CHINA PLANS NETWORK OF AI SUPERCOMPUTERS IN SPACE
Last month, China launched the first 12 satellites into Earth orbit that will become part of a cluster of 2,800, ultimately forming something called the Three-Body Computing Constellation.
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TOP TREND 2023, SELF-SUFFICIENT ECONOMIES: CHINESE TECH FIRMS PREPARE TO DO WITHOUT NVIDIA’S AI CHIPS
Chinese tech giants including Alibaba, Baidu, and Tencent are testing new computer chips for artificial intelligence (AI) after the U.S. has cut off supplies last month of market-leading chips by U.S. producer Nvidia. The companies have about enough Nvidia processors to last through this year, people familiar told the Financial Times. After that, they will......
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NEW HOME PRICES RISE IN CHINA. IS THE PROPERTY CRISIS ENDING?
Last month, the average price of new homes across 100 Chinese cities edged up 0.3 percent, more than doubling March’s increase of 0.14 percent, according to a new survey by the China Research Academy.
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CHINA’S RARE EARTH EXPORT CUTS COULD CLOSE WESTERN CAR PLANTS
Auto companies around the world face an imminent shortage of the rare earth minerals essential to making everything from anti-lock braking sensors to windshield wiper motors, executives have warned the Trump administration, Reuters reported.
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