A company executive says the search-engine giant’s AI and cloud businesses don’t rely heavily on chips restricted by the U.S. Source link Source link
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Tag: China039s
The Chinese e-commerce company’s 3% rise in revenue is among its weakest revenue expansions since going public. Source link Source link
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World The Treasury secretary says she is trying to prevent an economic conflict with the world’s second-largest economy from escalating further Source link Source link
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Economy Asia Economy Fresh signs of China’s slowing growth add to fears that the worst is yet to come for the global economy Source link Source link
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Security concerns related to Chinese investments in overseas ports are mounting as the country’s firms acquire more stakes at shipping hubs around the world and geopolitical tensions rise. Chinese companies have expanded investments at foreign ports in recent years and now run major container terminals in locations including Belgium, Israel, Spain, Sri Lanka and the […]
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The pullback in demand for its goods abroad removes a key prop for China’s growth as its economy is pressured by the government’s zero-Covid strategy and a severe real-estate slump. Source link Source link
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China’s daily Covid cases jumped to the highest in more than six months, as outbreaks flared across the nation and health officials declared the nation will stick with its strict virus controls. The country reported 5,436 cases for Sunday, up 27% from the day before to the most since May 2, when […]
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Xi Jinping’s new right-hand man, Li Qiang, has shown two sides to his personality over his career. Mr. Li, whom Mr. Xi appointed last month as China’s new No. 2, is known inside the country as a pro-business pragmatist unafraid to push the boundaries of Communist Party rule. Party insiders say he’s also a loyalist […]
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China’s property debt crisis is entering a new phase as even developers that had long been considered safer rapidly tumble into distress. The past 24 hours have brought things to a head for several builders in that group, while fresh data underscored broader challenges as a slump in home sales intensified. […]
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For two years, bad news has kept piling on for Chinese property developers. The nation’s worsening credit crisis has led to defaults, failure to deliver homes on time and an unrelenting market selloff. Now a new phenomenon has emerged: Builders’ founders are leaving. Longfor Group Holdings Ltd.’s Wu Yajun resigned on […]
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HONG KONG—China’s factory activity contracted in October after a short-lived improvement, a fresh sign of the toll from the country’s stringent Covid policies and of fading global demand for Chinese-made goods. The official purchasing managers index for manufacturing fell to 49.2 from 50.1 in September, the National Bureau of Statistics said Monday. The result fell […]
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