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
South Korea, Japan, China Confirmed to Meet Next Week for First Time Since 2019
South Korea, Japan, and China are set to undergo a trilateral summit in Seoul on May 27, the first time the three nations held such talks in five years.
China To Invest Billions in a Government-Backed AI Model Based on Xi Jinping's Thoughts
China will invest billions in the Cyberspace Administration's language model, based on Xi Jinping's ideology. They boast that it is more "secured and reliable" as ChatGPT remains inaccessible in China.
iPhones in China Are Being Sold for $360 Less so Apple Can Compete With Chinese Smartphones
Apple is aggressively discounting select iPhone models in China, offering up to a $360 price reduction on its official Tmall site. It aims to compete with local rivals like Huawei, which is under pressure from its new smartphone series, the Pura 70.
China Restricts Import, Export Activities to Select US Firms: Commerce Ministry
China restricts certain US corporations' investments, imports, and exports, including weapons sales to Taiwan.
Latest News
Chinese authorities announced plans to buy some of its huge housing inventory, simplify financing requirements, and deliver unfinished homes.
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.
China mulls purchasing surplus homes amid real estate crisis. The proposed plan involves state-owned enterprises acquiring distressed properties
Comac, thanks to the success of its C919 narrowbody aircraft, ventures into developing the C939 widebody jet to challenge Boeing and Airbus.
China to issue 1 trillion Chinese Yuan in long-term bonds starting this week to boost the economy.
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.
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 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.
