Tags: China

HONG KONG-CHINA-AUCTION-ART-ECONOMY

Broke Chinese Millionaire's Bottle of Sprite Auction Attracts Over 300 Bidders, Criticism Mounts Against Chinese Court

A Chinese court auctioned a bankrupt millionaire's last asset, a bottle of Sprite, sparking criticism over wasted judicial resources.


China Outlines Economic Actions With No New Stimulus Measures; Investors Disappointed

China aims to revive its economy despite missing new stimulus measures, disappointing investors.

China Cuts off Trade With US Arms Suppliers for Selling Missiles and Jets to Taiwan

China has imposed sanctions on US companies selling arms to Taiwan, including trade restrictions and potential blacklisting, as tensions rise over Taiwan’s military acquisitions from the US.

US Plans to Shut Down Hong Kong Trade Offices, Prompting a Possible China Retaliation

A proposed U.S. bill, HKETO, could lead to the shutdown of Hong Kong's trade offices if they are deemed too influenced by China, drawing strong objections from Beijing.


Latest News

China’s Drug Industry Warns National Security Risk Associated with Rising Foreign Takeovers
Foreign acquisitions of Chinese pharmaceutical companies have raised national security concerns, as industry experts worry about the potential impact on China's healthcare sector and access to essential medicines.
Uniqlo and Nike Struggle in China as Shoppers Choose Cheaper Options
Due to economic challenges, Uniqlo, Nike, and other global apparel brands are struggling in China as consumers increasingly choose affordable, unbranded alternatives.
China Sets New Rules to Help Veterans Find Jobs and Start Businesses Easily
China's new laws, effective September 1, will ease hiring criteria for veterans, provide job preferences, and support entrepreneurship, vocational training, and higher education to improve their transition to civilian life.
China to Develop Home-Grown AI Solutions Using Supercomputers to Counter US Sanctions
China is turning to supercomputing to boost its AI capabilities in response to U.S. sanctions on advanced semiconductors and GPUs, which are crucial for developing large language models (LLMs).
US to Announce Additional $500 Million Defense Boost to Philippines
US Secretary of State Antony Blinken and Defense Secretary Lloyd Austin are in Manila this week to announce a $500 million defense funding to help the Philippines in its deterrence against China.
China and Italy Hopes to Revive Ancient 'Silk Road' Route With New Trade Agreement
Chinese President Xi Jinping and Italian Prime Minister Giorgia Melon signed a new trade agreement, citing the history of the Silk Road Route despite Italy's exit from the Belt and Road Initiative.
China to Launch World's First Flying Taxi as EHang Seeks Air Operator License
Chinese flying taxi company EHang has moved closer to launching its commercial air mobility services as China's Civil Aviation Administration begins reviewing its air operator certificate application.
China Eyes 'Voluntary and Flexible' Retirement Age Increase to Address Aging Population
China's Communist Party is considering a gradual and flexible increase in the retirement age to address pension system pressures caused by an aging population and declining birth rates.
Asian Share Markets Likely to Falter Following Biden's Withdrawal from White House Race
Share markets across Asia are expected to stay in the red after last week’s tech bloodbath, as well as the shock announcement of US President Joe Biden bowing out of the presidential race in November.
Chinese President Meets Vanuatu Prime Minister
President Xi Jinping announced strategies to strengthen the finances of China's indebted local governments, which include increasing their financial autonomy and opening infrastructure to private enterprises.
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