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CHINESE ECONOMY
In a move aimed at countering China's rampant export of its excess industrial capacity, U.S. President Joe Biden proposed a hefty tariff increase on Chinese steel and aluminum. The proposal came on April 17 while he addressed union workers in Pennsylvania. If approved, these imports could see their tariffs “tripled,”
China’s Real Estate Giant Evergrande Loses Over $112bn in Two Years, Has Hundreds of Billions More in
On July 17, Evergrande, one of China’s largest real estate developers, revealed in its long-awaited financial...
Germany’s ‘Strategy on China’ Marks Beijing as Both Partner and Rival
On July 13, the German federal government under Chancellor Olaf Scholz released the European power’s...
Beijing Tightens Chains On Generative AI Served To Chinese Public
The Chinese government has placed formal restrictions on generative artificial intelligence services...
Beijing Disciplines Jack Ma’s Ant Group With $1 Billion Fine
Ant Group, the parent company of Alibaba and Alipay, has just been fined nearly $1 billion by state regulators...
China Shifts Focus to Domestic Demand and Green Tech Opportunities Amid Export Downturn
A critical decrease in China's exports — the fastest since the onset of the COVID-19 pandemic — has underscored...
Why China’s Youth Unemployment Rate May Be Much Worse Than 20%
Recently, Chinese authorities admitted that the unemployment rate in China for youth aged 16 to 24 exceeded...
Foxconn, Apple Supplier, Withdraws From $20 Billion India Chip Factory
Taiwan-based Foxconn, most widely known for assembling iPhones and other Apple products at factories...
Mongolian Prime Minister’s China Trip Highlights Growing Economic Dependence on Beijing
Luvsannamsrain Oyun-Erdene, the prime minister of Mongolia, recently completed a trip to neighboring...
Beijing Takes Small Step to Shore Up Property Sector From Credit Default Risks
The Chinese authorities have extended loan relief for property developers until December of 2024, the...