BUSINESS
SANTA CLARA, California (Reuters) — Intel is planning a $100 billion spending spree across four U.S. states to build and expand factories after securing $19.5 billion in federal grants and loans - and hopes to secure another $25 billion in tax breaks. The centerpiece of Intel's five-year spending plan is
China Plans 1.5 Trillion in Financing to Prop Up Debt-Swamped Local Governments
Beijing is planning a move to alleviate some of the pressure on debt-laden local governments involving...
As US Economy Stagnates, 30-year Mortgage Rate Soars
According to S&P Global’s U.S. Composite PMI Index which was released on August 23 and tracks manufacturing...
Data Shows Massive Decline in US-China Trade
News analysis The economies of the United States and China are rapidly decoupling from each other,...
Proposed CCP Policy Threatens Rare Bright Spot in China’s Economy
While China’s economy sputters amid a number of economic crises, recently tabled legislation by the Chinese...
YouTube Blogger Uncovers Fake EV Boom in China
China boasts the world's most robust registration figures for electric cars, especially Chinese models...
Intel Announces Launch of ‘Innovation Hub’ in Shenzhen
One of the world's industry leaders in CPU production, Intel, announced it will launch a new facility...
China Loses Spot as Top US Trading Partner to Mexico
Mainland China, who took the throne as America’s number one trading partner from Canada in 2014, has...
Orange County, NY Chosen for Location of New Tesla Parts Distribution Facility, Hundreds of Jobs to Be
By the end of this year, electric vehicle giant Tesl, will be setting up a new parts distribution facility...
Hollywood Franchises Are ‘More and More Nonsense’ Say China Theatregoers as Revenue Declines
Whatever love affair Mainland China’s moviegoers may have had with Hollywood’s offerings appears to be...