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China’s retail sales surprise with faster growth, up 4.6% in August

September 15, 2023 by admin

China’s retail sales and industrial production picked up pace in August with better-than-expected growth, according to National Bureau of Statistics data.

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What is shadow banking? Unpacking the risks for China

September 13, 2023 by admin

China’s real estate market woes have again drawn attention to the world of shadow banking and the risks it poses to the economy.

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Elizabeth Warren calls for an investigation into Musk and Starlink in Ukraine after biography claim

September 12, 2023 by admin

In his book titled “Elon Musk,” released Tuesday, Walter Isaacson details Musk’s policy of geofencing Starlink’s satellite network over Crimea last year.

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How Luckin Coffee overtook Starbucks as the largest coffee chain in China

September 12, 2023 by admin

Luckin Coffee hit 10,000 stores in China in June, surpassing Starbucks as the largest coffee chain brand in the country following rapid nationwide expansion this year.

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Shares of Alibaba tumble over 3% after outgoing CEO unexpectedly quits cloud business

September 11, 2023 by admin

The move comes just months after announcing a June announcement that Zhang was departing as chairman and CEO of Alibaba Group to focus on the cloud intelligence unit.

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G20 nations soften Russia condemnation to reach Delhi summit compromise, draw Ukraine’s ire

September 9, 2023 by admin

There were fears Delhi negotiators and diplomats might not be able to broker a consensus at this year’s meeting due to Russian and Chinese objections on the reference to the …

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India’s policy contradictions are making it harder for investors to crack its market

September 8, 2023 by admin

When India abruptly announced trade restrictions on personal computers and laptops in early August, it caught major suppliers like Apple, Samsung and Dell by surprise.

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Tencent releases AI model for businesses as competition in China heats up

September 7, 2023 by admin

Dowson Tong, CEO of the cloud and smart industries group at Tencent, spoke with CNBC’s Emily Tan in an exclusive interview ahead of a big AI reveal.

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Commerce Secretary Raimondo: U.S. businesses are ‘desperate for some kind of dialogue’ with China

September 5, 2023 by admin

Commerce Secretary Gina Raimondo discussed the economic relationship between the U.S. and China with CNBC’s Jim Cramer.

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Chinese electric carmakers ramp up push overseas, setting up clash with U.S., European auto giants

September 4, 2023 by admin

Chinese companies from BYD to Leapmotor launched electric vehicles for international markets while Xpeng announced plans to expand into Germany.

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