On two separate occasions last year, railroad cars carrying tens of thousands of kilograms of smokeless powder — enough propellant to collectively make at least 80 million rounds of ammunition — rumbled across […]
China
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Back to news homeChina’s Cloud Computing Firms Raise Concern for U.S.
In the digital cold war between the United States and China, American officials are increasingly turning their attention to a new target: Chinese cloud computing giants.Over the last 18 months, […]
China’s Central Bank Cuts Loan Prime Rates
China’s central bank cut key interest rates on Tuesday for loans issued by the state-controlled banking system, in the clearest sign yet of mounting concern in the Chinese government and […]
China’s Economic Rebound Hits a Wall, With ‘No Quick Fix’ to Revive It
When China suddenly dismantled its lockdowns and other Covid precautions last December, officials in Beijing and many investors expected the economy to spring back to life.It has not worked out […]
TikTok, Shein and Other Companies Distance Themselves From China
Shein said in a statement that it was “a multinational company with diversified operations around the world and customers in 150 markets, and we make all business decisions with that […]
Nio said not to join China’s EV price war. Now it’s cutting $4K across all models
Nio, one of China’s homegrown Tesla challengers, has slashed the prices of all its models by 30,000 yuan ($4,200), the NYSE-listed premium electric vehicle upstart announced on Monday. The news […]
World Bank Projects Weak Global Growth Amid Rising Interest Rates
The World Bank said on Tuesday that the global economy remained in a “precarious state” and warned of sluggish growth this year and next as rising interest rates slow consumer […]
Investors Sour on China’s Stocks, Renewing Fears About Economy
The wager was supposed to be a no-brainer. China was reopening after nearly three years of pandemic lockdowns, and investors expected that its economy, the world’s second-largest, would come roaring […]
China Crosses Milestone With C919 Flight but Has Long Way to Go
Millions of flights take off and land in China every year, almost all of them using planes made by Boeing and Airbus, the world’s two leading aircraft manufacturers. For years, […]
Europe Frets U.S. Battery Factory Subsidies Will Hurt, Not Help
European leaders complained for years that the United States was not doing enough to fight climate change. Now that the Biden administration has devoted hundreds of billions of dollars to […]