Still struggling to revive the country’s consumer economy, Chinese officials have instructed banks to encourage households to borrow and to use their credit cards.
Tag: China
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U.S. READY FOR WAR WITH CHINA
Pete Hegseth, the former Fox News weekend host playing the role of U.S. Secretary of Defense, said the U.S. is prepared to go to war with China after Beijing made a thinly veiled threat that it was ready to face off with Washington on the battlefield.
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CHINA WILL INFUSE THREE MAJOR BANKS WITH $55 BILLION IN CASH
Following up on a broad stimulus commitment made last year to revive its torpid economy, China’s government plans to recapitalize three of its largest state-run banks in the months ahead, people familiar told Bloomberg.
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SPECIAL REPORT: CHINA’S AI SURGE
DeepSeek roiled the AI industry and financial markets last month with news of its world-class R1 model made on the cheap. The news set off a tsunami of Chinese investment and focus on the potential of domestic AI.
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CHINA’S TECHNOLOGY EXTENDS ITS GLOBAL REACH
China’s battery and electric vehicle (EV) companies have been forming collaborations with Western and other Asian countries, but two new deals signal another forward step in China’s worldwide technological advance.
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SPECIAL REPORT: CHINA’S TECH SURGE
China’s tech stocks are surging in price in the wake of start-up DeepSeek’s announcement of its world-class artificial intelligence system developed at a fraction of the costs that Western developers have incurred to create theirs.
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WHAT IF AI DOESN’T NEED SO MUCH ELECTRICITY AFTER ALL?
China’s DeepSeek AI was trained for $6 million using second-tier chips, the company says.
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CHINA FILING MORE AI PATENTS THAN THE REST OF THE WORLD
In 2024, Chinese researchers filed 300,510 AI-related patents, while scientists in the world’s other countries 188,454, according to data compiled by Triangle IP, a firm that helps companies manage their intellectual property.
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OCCUPY PEACE! TRUMP SAYS U.S. MILITARY BUDGET COULD BE CUT IN HALF
A key element of the Occupy Peace movement that Gerald Celente launched over a decade ago is for the U.S. to close its 800 military bases in some 70 countries and bring home the hundreds of thousands of its troops to secure the homeland.
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CHINA BLASTS U.S. ‘COERCION’ AFTER PANAMA BACKS OUT OF BELT AND ROAD DEAL
China was critical of the U.S. last week after Panama announced that it will back out of the Belt and Road initiative—blaming Washington for applying pressure on the country before its decision.
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