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Ericsson Lays Off More Than 200 Employees in China
Ericsson has laid off 240 employees in China, part of a restructuring in the country that will affect one of its largest research hubs globally.The Wall Street Journal - Business - China -
China supporting Russia in massive military expansion, US says
Beijing helping with drone production, space-based capabilities and ballistic missile production. China is helping Russia undertake its biggest military expansion since Soviet times, ramping up sales of machine tools, microelectronics and other ...The Guardian - World - China -
China is courting the next Tesla to save its troubled economy
China urgently needs to secure Western technology and investment to stabilize its economy.The Hill - Politics - China -
China's Xi meets with Russian Foreign Minister Lavrov in show of support
Chinese leader Xi Jinping met with Russian Foreign Minister Sergey Lavrov in a sign of mutual support amid Moscow's invasion of Ukraine and shared opposition to Western democracies led by the U.S. No details of the meeting were immediately ...ABC News - Top stories - China -
China Vehicle Sales Rebound
China vehicle sales rose in March, bouncing back from a weaker showing the prior month, signaling that demand may be turning a corner.The Wall Street Journal - Business - China -
China EV Makers Post Higher April Sales Amid Price War
BYD and a host of other Chinese electric-vehicle makers posted higher sales and deliveries in April, offering a sign of rebounding demand amid continuing price wars.The Wall Street Journal - Business - China -
Chinese speculators super-charge gold rally
Huge bullish bets on Shanghai exchanges show growing clout of Asian traders in market for precious metalFinancial Times - Business - China -
China's Securities Regulator Eases Trading Rules With Hong Kong
China’s securities regulator released a series of measures to boost trading with Hong Kong, the country’s latest move to shore up investor confidence after recent stock-market volatility.The Wall Street Journal - Business - China -
US navy flies aircraft through the Taiwan Strait, after US-China defense chiefs talk
The U.S. 7th Fleet says a Navy P-8A Poseidon has flown through the Taiwan StraitABC News - Top stories - China -
Dynamic in South China Sea is changing through growing US and Japan ties, says Philippines president
Ferdinand Marcos Jr says building trilateral ties vital, after the three countries criticise China’s ‘dangerous and aggressive behaviour’ in the region. A cooperation agreement by the Philippines, the United States and Japan will change the ...The Guardian - World - China -
China Has Helped Russia Boost Arms Production, U.S. Says
Beijing’s support is helping Moscow at a critical stage in its war in Ukraine war, officials say.The Wall Street Journal - World - China -
Yellen heads to China to fight a green trade war the U.S. may not win
President Joe Biden hasn’t renounced his predecessor’s trade war with China, but as Treasury Secretary Janet Yellen begins her second visit to the country in less than a year, it’s clear that the battlefield terrain has shifted.MarketWatch - Business - China -
Robert Oxnam, China Scholar Beset by Multiple Personalities, Dies at 81
Through psychotherapy, recounted in a memoir, he learned that he had 11 personalities, or fractured parts of his identity. One of them told of childhood abuse.The New York Times - Health - China -
McDonald's Supersizes China Bet as Corporate America Pulls Back
The fast-food chain aims to nearly double restaurants in the country after spending $1.8 billion to buy back a bigger stake in the company’s business there.The Wall Street Journal - Business - China -
Xi and Blinken Trade Small Nods Over a Large Gap
The U.S. secretary of state and the Chinese leader struck conciliatory notes in Beijing. But there was no budging on, or hiding, their governments’ core differences.The New York Times - Top stories - China -
Nio’s stock jumps after report of China’s plan to boost EV sales
Shares of Nio Inc., and those of other China-based electric-vehicle makers, powered higher Friday, after a report that China reportedly plans to provide car owners with an incentive to buy EVs.MarketWatch - Business - China -
German spycatchers raise game against China and Russia
Recent arrests only ‘tip of the iceberg’, with hundreds more operatives believed to be ‘up to mischief’ in GermanyFinancial Times - World - China -
China’s economy is finally showing bright spots. Worrying signs remain.
Observers have learned it’s going to take more than a few months of robust numbers to prove a rebound is truly under way.MarketWatch - Business - China -
China's Benchmark Lending Rates Kept Unchanged
China’s benchmark lending rates were kept unchanged, official data showed on Monday, in line with market expectations after key policy rates were held steady amid signs of economic recovery.The Wall Street Journal - World - China -
Apple removes WhatsApp and Threads from China store after order from government: WSJ
The removal from the app store means Chinese mobile users are unable to download and use it via VPNs, which allow users to get around the country’s firewalls.MarketWatch - Business - China -
Extreme tariffs on Chinese imports could hurt the U.S. more than China
Americans already pay more for China-sourced goods.MarketWatch - Business - China -
Morgan Stanley ups China growth forecast after strong exports boost country’s GDP
Morgan Stanley said strong exports and a Beijing led investment push will see China’s economy grow faster than previously expected in 2024MarketWatch - Business - China -
Blizzard PC Titles Will Return To China Under New Deal With NetEase
In 2022, Blizzard declined to renew a partnership with NetEase that brought PC titles to mainland China, resulting in most of Blizzard's games being taken offline in that market. Now, with Microsoft's involvement as Activision-Blizzard's new ...GameSpot - Tech - China -
This intervention can help Tesla and other carmakers compete against China’s EV subsidies
Western governments should subsidize domestic manufacturing — not impose import tariffs.MarketWatch - Business - China -
Three boys to face trial over child’s murder in case that shocks China
Suspects, all under 14 at time, are accused of bullying classmate over long period before killing him in Hebei last month. China will put three boys on trial for allegedly murdering another child, a provincial prosecutor has said, in a case that ...The Guardian - World - China