China’s Social Credit System

China still dominates the Asian electric vehicle market, but other countries in the region are also seeing impressive growth in both consumer markets and manufacturing. The EV markets in Indonesia, Thailand, Singapore, and India are all growing fast, and that growth is only projected to accelerate in the coming decade.…

IHG Hotels & Resorts released its Q1 2023 trading update. Highlights from the results include: Q1 group RevPAR up 33 percent versus 2022 with Americas up 18 percent, EMEAA up 64 percent, and Greater China up 75 percent Q1 group RevPAR up 6.8 percent versus 2019, with Americas up 11.1…

SAN FRANCISCO (AP) — Chinese police said they recently detained a ChatGPT user for allegedly using the AI-powered chatbot to create a fake news story about a nonexistent train crash. It’s one of the first enforcement actions under a recently enacted Chinese law regulating AI-generated “deepfakes” — seemingly realistic but…

A sweeping campaign against corruption and match-fixing is shaking up Chinese soccer, with a growing crop of senior officials under scrutiny for unspecified illegal activities as the country seeks improvement in a sport that’s long been a source of national embarrassment. The latest high-profile figures to fall from grace in…

Author of the article: Published May 10, 2023  •  2 minute read BEIJING — China’s General Administration of Customs on Tuesday released preliminary trade Financial Post Top Stories Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc. By clicking on the…

This was far from the end of it though. Ming and Portuguese officials were struggling with what Cool Hand Luke might have noticed as a failure to communicate, with neither side recognizing the opportunities and limitations present in their relationship. The Portuguese behaved as though they had no need to…

What Happened: A few months after China fully opened international borders in January, it’s clear that the rebound of Chinese tourism to Europe will be different from pre-pandemic patterns. Visitor numbers have not bounced back. According to travel data company ForwardKeys, ticket prices for China-to-Europe trips are 80 percent higher…

AUD/USD remains pressured around intraday low during the first loss-making day in seven. China Trade Balance improves in USD terms, eases per CNY rates while Exports, Imports both drop in April. Sour sentiment, firmer yields underpin US Dollar’s corrective bounce ahead of the key debt ceiling talks. Australia’s annual budget,…

China's Trade Balance for April, in Chinese Yuan terms, came in at CNY618.44 billion versus CNY637.16 billion expected and CNY601.01 billion last. The exports jumped by another 16.8% in the reported period vs. 10.5% expected and 23.4% previous. The country’s imports fell by 0.8% vs. 6.1% prior. The market forecast was…

The Chinese foreign minister said that China will continue to respect Afghanistan's sovereignty, independence, and territorial integrity Image Courtesy Reuters Foreign Minister and State Councillor of China Qin Gang has stated that China is prepared to help Afghanistan achieve self-sufficiency, peace, stability, growth, and prosperity. According to a report by…