Zhang Yiming, founder of ByteDance, has become China's richest person with a net worth of $49.3 billion, surpassing former top spot holder Zhong Shanshan of Nongfu Spring.
Tags: China
Nvidia Shares Drop 2.6% Following China's Antimonopoly Probe Over Mellanox Acquisition
Nvidia shares drop following Chinese probe into Mellanox acquisition, tied to escalating US-China chipmaking tensions and anti-monopoly concerns.
China May Raise Budget Deficit to Boost Economy in 2025
China's top leaders will meet at the Central Economic Work Conference next week to discuss 2025 policies, GDP targets, and economic stimulus plans amid US trade tensions.
China Enforces Ban on Gallium, Germanium, and Antimony Exports to US, Citing Military Concerns
China bans gallium, germanium, and antimony exports to the U.S., citing national security, following recent US semiconductor restrictions, straining global supply chains.
China Expands Visa-Free Access to 9 More Countries to Revive Economy
To revive its economy, China is expanding its visa-free entry program to 38 countries starting November 30, aiming to boost tourism, business, and improve diplomatic relations.
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Investors are hopeful that China will announce a fiscal stimulus package of up to $283 billion to boost economic recovery and reduce reliance on debt-driven growth.
Amid tensions between China and Taiwan, the former detained four Taiwanese employees working at Foxconn. Will this affect Apple's dependence on Beijing?
A Chinese court auctioned a bankrupt millionaire's last asset, a bottle of Sprite, sparking criticism over wasted judicial resources.
China aims to revive its economy despite missing new stimulus measures, disappointing investors.
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.
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.
Saudi Aramco is expanding its partnership with China by investing in petrochemicals and low-carbon technologies, aligning with China's energy security and sustainability goals.
China will restrict antimony exports starting September 15, requiring licenses to safeguard national security and meet non-proliferation commitments.
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.
