Self-exiled Chinese billionaire Miles Guo Wengui faced court over his fraud charges, with prosecutors alleging him of financing his luxurious lifestyle.
Tags: China
China’s ‘Big Fund’ Launches 3rd Local Chip Industry Funding Worth $47.5 Billion
China launched the third phase of its ‘Big Fund’ program supporting local semiconductor manufacturers with an estimated value of $47.5 billion.
China Evergrande EV Shares Surge as Liquidators Sell Stake for Major Shareholders
China Evergrande New Energy Vehicle Group's stock price doubled when trading restarted on Monday, May 27.
South Korea, Japan, China Holds Trilateral Summit in Seoul to Discuss Resuming Free Trade Agreement Talks
South Korean President Yoon Suk-Yeol, Japanese Prime Minister Fumio Kishida, and Chinese Premier Li Qiang are to hold a trilateral summit in Seoul which would focus on resuming talks on a free trade agreement, among other matters.
French Finance Minister, Other G7 Finance Chiefs Warn of Oversaturation of Chinese Goods in Global Market
French Finance Minister Bruno Le Maire told Bloomberg that the G7 has an issue with China’s economic model, where the country produces more and more cheaper industrial devices, which he claimed could pose a threat to the global market.
Latest News
China has recently cracked down on "bad behavior" content, suspending super-wealthy social media influencers to discourage extravagance and materialism.
The Singapore Food Agency (SFA) recalled two walnut products from China over prohibited sweetener content, urging caution while conducting proactive testing.
Hong Kong-listed shares of Alibaba dropped more than 5% on Thursday after news broke that the Chinese e-commerce giant was considering issuing convertible notes to get $5 billion.
JPMorgan Asia Pacific CEO Sjoerd Leenart says China has a major role in driving the global economy, asserting that doing business in China is important.
South Korea, Japan, and China are set to undergo a trilateral summit in Seoul on May 27, the first time the three nations held such talks in five years.
The threat of potential retaliatory tariffs from China on luxury cars from the EU and US has intensified amid escalating trade tensions, impacting European automakers like Mercedes-Benz and BMW.
Chinese scientists at Tianjin University developed a cost-effective aluminum alloy with remarkable strength and heat resistance, revolutionizing aerospace and industrial applications.
China will invest billions in the Cyberspace Administration's language model, based on Xi Jinping's ideology. They boast that it is more "secured and reliable" as ChatGPT remains inaccessible in China.
Apple is aggressively discounting select iPhone models in China, offering up to a $360 price reduction on its official Tmall site. It aims to compete with local rivals like Huawei, which is under pressure from its new smartphone series, the Pura 70.
