Aging populations, as Japan taught us, are inherently deflationary. Folks in their 70s don’t spend the way 20-somethings do. With the unemployment rate for Chinese between 16 and 24 stuck above 17% —or higher given the vagaries of Beijing’s data—what good will subsidies and rebates do?
China to send top envoy to Trump inauguration
China has hardened and diversified its airfields and combat aircraft at a faster rate than the US and its allies, a new report says.
A top Civil Affairs Ministry official stressed new reforms must be rolled out over the next decade to be effective.
China's exports probably expanded at a faster pace in December, suggesting producers raced to move inventory to major markets ahead of U.S. President-elect Donald Trump's return to the White House this month and fresh trade risks.
Ford has made a particular effort to be a part of the Chinese economy with the Lincoln Nautilus, a mid-size luxury crossover SUV, whose second generation is produced by Changan Ford in China while Ford is retooling their Oakville Assembly plant to produce electric vehicles.
Britain’s Treasury chief is travelling to China this weekend to discuss economic and financial cooperation between the countries, as the U.K.
Taiwan has demonstrated its sea defenses against a potential Chinese attack as tensions rise with Beijing, part of a multitiered strategy to deter an invasion from the mainland
The WHO has downplayed concerns over a rise in HMPV cases, saying outbreaks are normal during winter in the Northern Hemisphere.
It was almost a year before a handful of Chinese AI chatbots received government approval for public release. Some questioned whether China’s stance on censorship might hobble the country’s AI ambitions.
In August of that chaotic year for Asia’s biggest economy, President Xi Jinping’s team announced a nearly 3% downshift in the yuan’s value versus the dollar. Naturally, it caused pandemonium in world markets — at least briefly. The real fallout, though, was suffered by China itself, as huge waves of capital fled yuan-denominated assets.
The law that could ban TikTok is coming before the Supreme Court. The justices largely hold the app’s fate in their hands as they hear the case Friday.