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US and China reach a deal to slash sky-high tariffs for now, with a 90-day pause
Russian drones attack Ukraine after the Kremlin turns down a ceasefire proposal but promises talks
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Liam and Olivia dominate — again — with top baby names for a sixth year in a row
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Chinese search engine company Baidu unveils Ernie 4.0 AI model, claims that it rivals GPT-4
The Chinese search engine and artificial intelligence firm Baidu has launched the latest version of its artificial intelligence model Ernie 4.0. Baidu claims it rivals models such as GPT-4 in the U.S.
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China’s inflation data show economy in doldrums despite a slight improvement in trade
China’s economy remains in the doldrums, with prices falling due to slack demand from consumers and businesses. Data released Friday showed consumer prices remained flat in September compared with a year earlier, while wholesale prices fell 2.5%.
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China’s exports and imports sink in September as global demand falters
China has reported its exports and imports both fell in September from a year earlier as global demand remained muted. Customs data released Friday showed exports for September slid 6.2% to $299.13 billion in the fifth straight month of decline.
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Chinese developer Country Garden says it can’t meet debt payment deadlines after sales slump
Chinese property developer Country Garden has warned it cannot meet deadlines to repay its loans as the company struggles to restructure its debts.
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Taiwan probes firms suspected of selling chip equipment to China’s Huawei despite US sanctions
Taiwan’s economy minister has confirmed that regulators are investigating four Taiwanese companies suspected of helping China’s Huawei Technologies to build semiconductor facilities.
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China Evergrande soars after property developer’s stocks resume trading
Shares of debt-laden property developer China Evergrande Group have soared after they resumed trading in Hong Kong following a suspension last week.
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Hong Kong and Macao police arrest 4 more people linked to JPEX cryptocurrency platform
Police in Hong Kong and Macao say they arrested four more people linked to the cryptocurrency platform JPEX, which is suspected to have defrauded more than 2,400 people of almost $200 million.
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Millions take to China’s railways, roads, air in 1st big autumn holiday since end of zero-COVID
Many millions of Chinese tourists are expected to travel within their country, splurging on hotels, tours, attractions and meals in a boost to the economy during the 8-day autumn holiday period that began Friday.
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Trading of shares of heavily indebted property developer China Evergrande suspended in Hong Kong
The Hong Kong stock exchange says trading of shares of heavily indebted Chinese property developer China Evergrande Group has been suspended.
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Alibaba will spin off its logistics arm Cainiao in an IPO in Hong Kong
Chinese e-commerce company Alibaba says it will spin off its logistics arm, Cainiao Smart Logistics Network, in an initial public offering in Hong Kong. It’s the first business unit to go public following a major restructuring in Alibaba.
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China tells foreign consulates in Hong Kong to provide personal data of all local staff
China’s Foreign Ministry has asked all foreign consulates in Hong Kong to provide the personal details of their locally employed staff, as Beijing tightens its control over the semi-autonomous city.
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Hong Kong to scrutinize cryptocurrency regulation after arrests linked to JPEX exchange
Hong Kong’s leader says the territory will scrutinize the regulation of digital assets after police arrested eight people over allegations of fraud at an unlicensed cryptocurrency exchange that impacted more than 1,600 investors and over $150 million in assets.
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China says EU probe into Chinese electric vehicle exports, subsidies is protectionist
China’s Commerce Ministry has protested a decision by the European Union to investigate exports of Chinese electric vehicles, saying it is a protectionist action aimed at distorting the supply chain.
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Former CEO of China’s Alibaba quits cloud business in surprise move during its leadership reshuffle
The former CEO of Alibaba has resigned as head of its cloud computing business in a surprise move as the Chinese e-commerce empire wraps up a leadership reshuffle. The company’s Hong Kong-traded shares sank 3.5% after Monday’s announcement.
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2 dead in Hong Kong amid extreme rain and flash floods that also struck southern China
Heavy rain in Hong Kong and southern China overnight flooded city streets and some subway stations, halting transportation and forcing schools to close.
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Hong Kong closes schools as torrential rain floods streets, subway station
Hong Kong has closed schools and halted trading on the stock exchange as torrential rain lashed the city overnight, flooding streets in parts of the city and an underground subway station.
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China’s exports and imports fall in August as weak global demand keeps its economy under pressure
Chinese exports and imports both fell in August, reflecting tepid global demand that is adding to pressures on its slowing economy. Customs data released Thursday showed exports for August slumped 8.8% from a year earlier, while imports slid 7.3%.
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China’s Baidu makes AI chatbot Ernie Bot publicly available
Chinese search engine and artificial intelligence firm Baidu has made its ChatGPT-equivalent language model, Ernie Bot, fully available to the public. The company’s stock price rose by over 3% following the announcement.
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Chinese e-commerce giant Alibaba says it will not sell shares in Ant’s buyback program
Chinese e-commerce giant Alibaba has said it will not sell any shares in its one-third shareholding in financial technology company Ant Group Co. because it wants to retain its stake in an “important strategic partner.”
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Chinese e-retailer Temu files lawsuit in US against rival Shein, alleging antitrust violations
Chinese e-commerce retailer Temu has filed a lawsuit accusing its rival Shein of violating U.S. antitrust law by blocking clothing manufacturers from working with Temu.
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Chinese livestreamers set their sights on TikTok sales to shoppers in the US and Europe
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China’s economy misses growth forecasts, raising the odds of more support for its tepid recovery
China’s economic growth missed forecasts in the second quarter of the year amid a slowdown in consumer spending and weakening global demand.
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China exports slumped 12.4% in June from a year earlier as global demand weakened
China has reported its exports tumbled 12.4% in June from a year earlier as demand weakened after central banks raised interest rates to curb inflation. Customs data released Thursday showed imports slid 6.8%.
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Ant Group fined $985 million by Chinese regulators in signal that tech crackdown may end
Chinese regulators are fining Ant Group 7.123 billion yuan ($985 million), claiming the financial technology provider broke laws related to corporate governance and consumer rights. The People’s Bank of China imposed the fine on Friday.
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Coco Lee, Hong Kong singer and songwriter who had international success, dies at 48
Hong Kong-born singer and songwriter Coco Lee has died at age 48. Her sisters said Lee suffered from depression for years and died Wednesday by suicide.
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Coco Lee, Hong Kong singer and songwriter who had international success, dies at 48
Hong Kong-born singer and songwriter Coco Lee has died at age 48. Her sisters said Lee suffered from depression for years and died Wednesday by suicide.
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Hong Kong police offer rewards for arrests of 8 pro-democracy activists who live abroad
Hong Kong police have offered rewards for information leading to the arrests of eight pro-democracy activists who went into exile abroad and are accused of violating the territory’s harsh National Security Law.
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China’s president orders safety campaign after explosion at barbecue restaurant kills 31 people
China’s president has ordered a national safety campaign after a massive cooking gas explosion at a barbecue restaurant in the northwest killed 31 people and injured seven others on the eve of a long holiday weekend.
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Singapore executes man for helping buy 2 pounds of cannabis
Singapore has executed a man accused of coordinating a cannabis delivery, despite pleas for clemency and protests that he was convicted on weak evidence.
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South Korean foreign minister meets Chinese counterpart
South Korea’s foreign minister is meeting his Chinese counterpart in the southern Chinese city of Xiamen. Seoul seeks to improve ties with its top trading partner, even as U.S.-China relations remain strained.
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