China’s Stock Benchmark Held at Key Support Level after Massive Sell-Off
China’s CSI 300 Index plunged 1% to close at 5,009.25 points, extending its decline from this year’s peak to almost 14%. The index briefly pieced through the key support level…
The Key Highlights of the Heated U.S-China Talks in Alaska
U.S-China talks got off to a rough start in Anchorage, Alaska, on Thursday as both sides reprimanded each other, according to CNBC. The meeting, initially meant to be a four-minute…
Chinese Military Bans Tesla Cars in Its Facilities
The Chinese military has banned Tesla Inc.’s cars from military complexes and housing compounds, according to Reuters. The ban follows concerns about sensitive data being collected by cameras built into…
China’s Reign on Internet Economy to Continue as Officials Issue Warnings
China's President Xi Jinping and officials are weighing on the idea of reigning on the “platform economy,” according to Reuters. Officials allege that some platforms are trying to monopolize the…
U.S and China to Plan Further Meeting after First Major Summit under Biden
The U.S and China have set the talks in Anchorage, Alaska between Secretary of State Antony Blinken, National Security Adviser Jake Sullivan and Chinese officials. Beijing will consider a meeting…
China Facing “Mounting Pressure” to Create Jobs as Unemployment Rate Holds at 13.1%
China’s unemployment rate for those aged 16 to 24 was 13.1% as of February, above the national urban jobless rate of 5.5%, according to the National Bureau of Statistics press…
Tencent, 11 other Firms Fined By Chinese Regulator for Violating Anti-Monopoly Rules
China’s State Administration for Market Regulation has fined 12 companies involved in 10 deals that violated anti-monopoly rules, according to Reuters. The companies were fined 500,000 Yuan or $77,000 and…
China Makes Debt-Reduction a 2021 Priority as Borrowing Rises
China has put deleveraging as one of the "five major tasks" for the government in 2021 to maintain a stable debt-output ratio, according to SCMP. The move will focus on…
Eyes on Hong Kong, Economy, and International Relations as Beijing Holds Key Meeting
Beijing said it would strengthen constitutional enforcement in Hong Kong on Friday to chart a post-pandemic course, according to SCMP. Here are the key highlights of the two sessions, which…
China’s Sets 6% Growth Target Despite Higher Analysts’ Projections
China set a modest annual economic growth target, at above 6% this year, below the consensus estimate of 8%, according to Reuters. The growth target is conservative and seeks to…
U.S. Faces a Litmus Test in Strategy with China Amid High Decoupling Costs
America will incur a one-time loss of about $500 billion in GDP if U.S. companies reduce foreign direct investment in China by half, according to Bloomberg. Applying a 25% tariff…
China Taking Aim at U.S. with Rare Earths Limitation as Trade War Intensifies
Beijing is reportedly exploring a decision to limit the export of rare earth minerals to hurt U.S. defense contractors, according to Financial Times. The rare earth minerals are crucial in…