China broadened a home appliance subsidy program just as inflation data showed continued weak consumer demand.
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.
As the clock struck midnight on New Year’s Eve, Chinese President Xi Jinping delivered a speech full of communist triumphalism and ideological zeal. He touted the China plan as “an epic change the world hasn’t seen in a century,
So far, China has used carbon intensity — the amount of carbon dioxide emitted per unit of GDP — as its official target. It announced the metric in 2009, at the height of its economic growth, after facing pressur e to set a quantitative goal to curb its emissions. Its argument was that it was a target that wouldn’t constrain China’s growth.
China has expanded the scope of a consumer goods trade-in scheme and will give more subsidies for digital purchases this year, in an effort to revive sluggish domestic demand, an official policy document showed on Wednesday.
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.
China's leaders are bracing for potential shocks to the economy from higher tariffs once U.S. President-elect Donald Trump takes office.
China's foreign ministry said on Wednesday it was not aware of Shandong Port Group's decision to ban U.S.-sanctioned vessels from its network of east coast harbours. The group oversees several major terminals in the province of Shandong,
The move comes as Beijing intensifies efforts to convince cautious households to spend as rising external uncertainties threaten exports’ ability to prop up economic growth.
China’s independent oil refineries face a reckoning this year as Beijing tackles overcapacity in the industry, and the crude they rely on becomes a lot scarcer.
Monitoring how the People’s Bank of China handles its “managed float” system for the foreign-exchange market isn’t easy. The central bank has various tools at its disposal - some are more transparent,