China

William Lai Sworn In as Taiwan's New President

William Lai Sworn In as Taiwan's New President

William Lai Ching-te has been sworn in as Taiwan’s new president, replacing Tsai Ing-wen after her eight-year tenure.


China to Spend $42 Billion to Address Real Estate Market Crisis

The Chinese government announced measures to stabilize the struggling real estate market. It allocated $42.25 billion to help state-owned enterprises purchase unsold apartments, aiming to provide liquidity and promote affordable housing.

China Plans to Acquire Apartments, Relax Mortgage Rules in Response to Weakening Real Estate Market

Chinese authorities announced plans to buy some of its huge housing inventory, simplify financing requirements, and deliver unfinished homes.

China Offers 15-Day Visa-Free Stay for Cruise Travelers To Boost Tourism

China implements 15-day visa-free stays for international cruise travelers, while expanding visa-free transit and digital payment options to boost post-pandemic tourism numbers.


Latest News

China's Credit Rating Outlook Downgraded to 'Negative' by Fitch Ratings, Citing Risk From Debt Growth
China  to issue 1 trillion Chinese Yuan in long-term bonds starting this week to boost the economy.
US Now Considers Sanctioning Chinese Banks Supporting Russia's Ukraine Invasion—Will This Work?
China's securities watchdog is investigating Zhejiang Ruifengda Asset Management Co. due to allegations of illegal activities, including failing to repay investors and a missing controlling shareholder, as the hedge fund manages assets exceeding $469 million.
US Now Considers Sanctioning Chinese Banks Supporting Russia's Ukraine Invasion—Will This Work?
The U.S. government weighs sanctions targeting Chinese banks. Can this help stop Russia from invading Ukraine?
Qu Jing, a top PR executive at China's Baidu, departed amid allegations that she promoted a toxic work culture.
Tesla Fires Supercharger Team, Including Senior Executives, as Elon Musk Says Company Plans to Expand Network in Other Locations
Tesla is sending senior executive Tom Zhu back to China following declining sales in the competitive electric car market. The company hopes to address challenges in the region.
US-TECH-APPLE-IPHONE
A surge of approximately 12% in iPhone shipments was recorded in China for the month of March, thanks to up to 10% discounts initiated by Apple and its partners. This follows a 37% sales decline earlier in 2024 and heightened competition from Huawei.
UK’s Defense Ministry ‘Hacked by China’
The British Ministry of Defense has recently encountered a cyberattack on its third-party payroll system, which serves active and retired military personnel.
General Motors might need to leave China as losses mount to $106 million in just three months, the third time in 15 years.
CHINA-CULTURE
A man in China ran a modus operandi using 4,600 phones to fake live-stream viewer counts, earning $415,000 in less than four months.
Mayer Brown To End 15-Year Partnership With China! US Law Firm Explains Why
Mayer Brown wants to end its 15-year partnership with China. But why? Mayer Brown wants to end its partnership with China. This was confirmed after the Chicago-based law firm announced reaching an agreement in principle to split from its operations in the Asian country.
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