Chinese Economy

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China is Russia's partner in waging war in Ukraine. Oleg Rubak, 32, a local engineer who lost his wife Katia, 29, in the shelling, stands on the rubble of his house in Zhytomyr on March 02, 2022, after it was destroyed by a Russian bombing the day before. EMMANUEL DUPARCQ/AFP…

Xi Jinping's call for Western central banks to keep monetary policy relaxed reflects that the Chinese economy is precariously placed — and therefore so is Xi. Chinese President Xi Jinping (Image: Pang Xinglei/Xinhua via AP) The bizarre sight of China’s President Xi calling for Western central banks to hold off…

Forget the Digital Yuan. The People's Republic of China has a new currency. It's called the Potato. University students in Xian prefer to take potatoes over cash for tutoring services, Charles Burton, a China watcher at the Macdonald-Laurier Institute, tells Newsweek. The tutors also accept rice, he says. Want to…

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Apple made “a pledge to help Chinese manufacturers develop ‘the most advanced manufacturing technologies’ and ‘support the training of high-quality Chinese talents.’” Apple “promised to use more components from Chinese suppliers in its devices, sign deals with Chinese software firms, collaborate on technology with Chinese universities and directly invest in…

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Investors can breathe a sigh of relief. The world’s most indebted real estate developer, China Evergrande Group, has avoided default — at least for now — after making a key interest payment at the 11th hour. The Chinese property developer’s cash crisis has sparked fears about global financial fallout from…

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up Video ModulePosted The S&P 500 and the Nasdaq rallied on Monday ahead of tech earnings but the Dow faltered on a Disney downgrade and worries about the Chinese economy. Conway G. Gittens reports. Video ModuleNasdaq, S&P rally but inflation fears lingerProtesters denounce Netflix over Chappelle commentsHave you ever seen…

Published: 9:07am, 18 Oct, 2021 Updated: 9:07am, 18 Oct, 2021 Read More