The Biden administration last week took its latest actions to stymie the growth of China by issuing an executive order that bans new investment into vital technology industries in the Asian giant.
Tag: China
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SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
On 4 August, several Chinese government agencies and the central bank renewed their pledges to instigate bold and more carefully targeted policies to revive the country’s stagnant economy.
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CHINA ANNOUNCES RULES GOVERNING AI
China’s government has announced the world’s most far-reaching strictures to date governing artificial intelligence.
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SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
China’s manufacturing sector contracted again in July for the fourth straight month.
The country’s official purchasing managers index (PMI) registered 49.3 last month, after notching 49.0 in June, May and 49.2 in April, the National Bureau of Statistics (NBS) reported. Ratings below 50 indicate shrinking economic activity.
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JAPAN SAYS MILITARY RUSSIA/CHINA IS A THREAT
Japan has identified China’s expanding military activity in the region as its biggest threat with a special focus on Beijing’s growing relationship with Russia, according to its newly approved 2023 defense white paper.
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SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
Despite vowing policy support to jolt China’s economy back to life, the country’s leaders have done little other than make promises, global investors have said as they scaled back their expectations for China’s economic growth this year.
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CHINA’S ECONOMIC WEAKNESS LEAKS ONTO WALL STREET
Stock-watchers expect a raft of disappointing second-quarter earnings reports from tech firms, luxury retailers, and other companies dependent on China, according to Reuters.
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SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
The value of exports from China fell 12.4 percent in June, year over year, to $285 billion after declining 7.5 percent in May, The Wall Street Journal reported.
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CHINA HITS U.S. OVER LATEST WEAPONS SALE TO TAIWAN
The American effort to turn Taiwan into a “porcupine” continued last week after the announcement of the latest sale of $440 million in military equipment to the island—which drew a swift rebuke from China.
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SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
China’s factory activity continued weak in June, although less so than in April and May, government figures showed. Exports shrank in May at an annual rate of 7.5 percent.