China’s Exports Demonstrate Growth
In October, Chinese exports showed growth rates, which turned out to be the most intense in more than two years.
China - page 4
US Lawmaker Urges Investigation Into China’s Chipmaker SMIC
Michael McCaul, chair of the House Foreign Affairs Committee, urged US Commerce Department agents to visit the production sites of China’s Semiconductor Manufacturing International Corporation (SMIC) and check whether this company is involved in making chips for Huawei Technologies.
Chinese Unicorn Zhipu AI Raises $210 Million
Zhipu AI, one of the leading Chinese startups in the area of generative artificial intelligence, has announced the initial closure of its venture capital vehicle.
Chinese AI Companies Spend Huge Sums on Ads
In China, local companies that operate in the artificial intelligence area are currently racking up huge advertising bills.
Huawei Integrates Chinese CBDC Into HarmonyOS NEXT
Huawei is embedding Chinese CBDC, digital yuan, directly into its HarmonyOS NEXT operating system, potentially reaching up to a billion users.
Global Public Debt to Surpass $100T in 2024
The IMF reports that global public debt is projected to exceed $100 trillion by the end of 2024, largely driven by rising fiscal deficits in the United States and China.
Intel Invests $300 Million in China
Intel has announced its intention to expand its chip packaging and testing base in Chengdu, a city located in the southwestern part of China and the capital of Sichuan province.
Global Economy to Maintain Stable Growth of 3.2% in 2025
The global economy is expected to perform in a “stable yet underwhelming” manner in 2024 and 2025, showing a steady growth rate of 3.2%, according to the IMF forecast.
Chinese Banks Cut Lending Rates
In China, local financial institutions have cut their benchmark lending rates after the launch of the so-called easing strategy by the Asian country’s central bank last month.
Goldman Sachs Upgrades China’s GDP Forecast
Experts at Goldman Sachs Group Inc. have revised their forecasts for China’s economic growth prospects in the current year and 2025.
China Exports Growth Demonstrates Slowdown
In China, an unexpected slowdown in export growth was recorded in September.
China to Increase Spending to Revive Economic Growth
China will significantly increase the issuance of government debt obligations to offer subsidies to people with low income, support the real estate market, which has recently been in a crisis condition, and replenish the capital of state-owned banks.
World Bank Warns of Probable Slowdown in China’s Economic Growth
The World Bank warns that the growth rate of the Chinese economic system, which is currently the second largest in the world, is likely to continue on a downward trajectory next year.
Chinese Startup Numemory Claims Memory Chip Breakthrough
The Chinese startup Numemory, which operates in the space of the semiconductor industry, presented the largest-capacity memory chip in its category, which was developed and manufactured in mainland China.
China Stocks Demonstrate Sharp Increase
On Monday, September 30, Chinese stock indexes showed the largest one-day gain in the last 16 years.
PayPal Complete Payments Launch in China
‘PayPal Complete Payments’ all-in-one platform will simplify cross-border transactions for Chinese businesses, helping them expand globally.
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