This photo taken on September 24, 2023, shows residential buildings in Chongqing, in southwest China. Stringer | Afp | Getty Images BEIJING — The last three months of the year are set to bring more clarity on China’s economic outlook and any government support — especially for the critical real estate sector. China’s rebound this … Read more
The People’s Bank of China is under pressure to lower interest rates and reserve rate ratios for banks as growth sputters in the world’s second-largest economy. Sheldon Cooper | SOPA Images | LightRocket via Getty Images China’s small economic rebound appears to have stalled in September, with retail sales and pricing power as well as … Read more
An official Chinese survey says the country’s factory activity has recorded its first expansion in six months, providing another sign that the world’s second-largest economy is gradually improving following its post-pandemic malaise ByThe Associated Press September 30, 2023, 12:54 AM FILE – Visitors look at the robotic arms assembly a vehicle frame during the annual … Read more
A worker welds at the air conditioner factory of Haier Appliances India Ltd., in Greater Noida, India, on May 8, 2023. Bloomberg | Bloomberg | Getty Images India may be the most populous country in the world, but its labor force continues to lag behind China’s, according to Oxford Economics. Even though India has the … Read more
BEIJING (Reuters) – At a dinner reception before the 74th anniversary of the founding of modern China on Thursday, Chinese President Xi Jinping urged the nation to “work together in unity” in a speech more usually delivered by the premier. Since assuming the office of president in March 2013, Xi has previously delivered a speech … Read more
Ford confirmed Monday it has immediately stopped work at a $3.5 billion factory in Michigan that was supposed to make cheaper lithium iron phosphate batteries using tech from China’s CATL. “We’re pausing work and limiting spending on construction on the Marshall project until we’re confident about our ability to competitively operate the plant,” Ford spokesperson … Read more
By Francesco Guarascio and Khanh Vu HANOI (Reuters) – Vietnam plans to restart its biggest rare-earths mine next year with a Western-backed project that could rival the world’s largest, according to two companies involved, as part of a broader push to dent China’s dominance in a sector that helps power advanced technologies. The move would … Read more
Local authorities in southern China say a coal mine fire has killed 16 people ByThe Associated Press September 24, 2023, 10:28 AM BEIJING — A coal mine fire in southern China killed 16 people on Sunday, according to local authorities. The blaze broke out at the Shanjiaoshu coal mine in Panguan, a town in Guizhou … Read more
September 24, 2023 at 12:00 a.m. EDT College friends Xiao Tong, left, and Zhang Yufeng on a day trip to Shanghai from the neighboring city of Suzhou, where they’ll return in the evening to save money, on 1 Sept. (Gilles Sabrié)Comment on this storyComment SHANGHAI — The waitress set a pot of boiling broth in … Read more
Joe Joyce lost his rematch with Zhilei Zhang to make it back-to-back defeats to the Chinese heavyweight, who will now look to a clash with Tyson Fury. Zhang shattered Joyce’s unbeaten record with a sixth-round stoppage in April, with the British fighter coming into Saturday’s Wembley Arena bout at his career-heaviest as he sought revenge. … Read more