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Ambassador Xie Feng told the Aspen Security Forum that China did not want a trade or tech war but would definitely respond if the United States imposes more restrictions on its chip sector
Chinese carmakers' exports of passenger cars to Russia in January-May 2023 rose over five-fold year-on-year to almost $3.6 billion, according to Chinese customs statistics
Total e-CNY transactions hit 950 million but the digital currency only accounted for 0.16% of China's cash in circulation at the end of last month
Police discovered the ring when one gambler sought help saying “please help me, I am gambling on my mobile phone and my family is going to be ruined”
Temu said on Wednesday it has been the target of "unlawful exclusionary tactics" since its launch in the US, which forced it to take legal measures to defend its rights due to "attacks" from Shein
India, the world's third biggest oil importer and consumer, currently pays for UAE oil in dollars but is looking to cut transaction costs by eliminating conversions
CITIC's Hong Kong platform is expected to demand its investment bankers move to the mainland with their pay lowered to local levels or face the prospect of losing their jobs, sources say
The chip industry is keen to protect its profits in China as the Biden administration considers another round of restrictions on chip exports to the world's second-largest economy
Prospects for this year are unclear; even steady growth of 3-4% a year must seem small for a country that averaged around 7% last decade, and more than 10% in the 2000s
Experts say any move to cooperate on cutting emissions of methane – a greenhouse gas responsible for roughly 30% of global warming – would be positive
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With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors
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PaymentsCan China Take Place of SWIFT System? Analysts Say ‘No’There is no global payment system that is strong enough to act as an alternative to SWIFT and enable Russia to evade sanctions
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MarketsChina Becomes World’s Second-Biggest Bitcoin Mining HubThe Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.
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Market InsightsHere’s How China Can Win the Tech War With USAThe Chinese government is doubling down on incentives for innovation, which it believes to be the cornerstone of its future growth and international position.
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Fintech InsightsAsia Becomes the Epicentre of Global NFTsAsia is the frontrunner in the NFTs craze with Central and Southeast Asia accounting for 35% of the $22 billion in global trade
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