Wang Yi, the Chinese foreign minister, addressed reporters last week about a myriad of issues, including the possibility of a thaw between Washington and Beijing in recent months—despite differences in opinions on key issues like Ukraine and Gaza.
Tag: China
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SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
China's manufacturing industry produced less again in February, marking its fifth consecutive month of contraction.
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CHINA LAGS U.S. IN AI DEVELOPMENT BY AT LEAST A YEAR
China’s leading AI developers are relying on technology borrowed from Meta and other U.S. companies and lag American advances by at least a year, The New York Times reported.
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SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
China’s stock markets got a boost last week after banks made a larger-than-expected 0.25-percent cut to the five-year loan prime rate against which mortgage loan rates are benchmarked.
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SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
Chinese banks have cut their key mortgage interest rate by a quarter point, the largest single reduction ever, in a desperate attempt to revive the real estate market that, in the past, has accounted for more than 20 percent of the country’s GDP.
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SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
In January, deflation continued to ravage China’s economy, with the consumer price index slipping 0.8 percent year on year. Analysts polled by Reuters had expected a 0.5-percent decline.
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SPOTLIGHT: CHINA’S ECONOMIC GLOOM
About 40 percent of asset managers attending a Goldman Sachs conference in Hong Kong last week called Chinese equities “uninvestable,” the Financial Times reported.
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FBI SELLING FEAR: CHINESE ARE GOING TO ATTACK OUR INFRASTRUCTURE
In an obvious attempt to get the American public to get even more suspicious of the Chinese, Christopher Wray, the FBI director, said last week that hackers from the country are preparing a massive attack on U.S. infrastructure.
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SPOTLIGHT: CHINA’S ECONOMIC TURMOIL
The Chinese government is considering pulling about two trillion yuan, equivalent to roughly $278 billion, from offshore accounts of state-owned companies to buy stock in Chinese businesses, Bloomberg reported.
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INDIA SURPASSES HONG KONG AS WORLD’S FOURTH LARGEST EQUITIES MARKET
With China’s economy on the ropes, investors have transferred their hopes to India.