The Chinese government announced measures to stabilize the struggling real estate market. It allocated $42.25 billion to help state-owned enterprises purchase unsold apartments, aiming to provide liquidity and promote affordable housing.
Tags: China
China To Invest Billions in a Government-Backed AI Model Based on Xi Jinping's Thoughts
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.
iPhones in China Are Being Sold for $360 Less so Apple Can Compete With Chinese Smartphones
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.
China Restricts Import, Export Activities to Select US Firms: Commerce Ministry
China restricts certain US corporations' investments, imports, and exports, including weapons sales to Taiwan.
China Sanctions Boeing, Two US Defense Contractors for Taiwan Arm Sales
Amidst Taiwan's presidential inauguration, the Chinese government made a significant move by imposing sanctions on Boeing and two other defense companies.
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The IMF is urging the US to maintain its open trade system instead of imposing new punitive duties on goods from China.
Chinese authorities announced plans to buy some of its huge housing inventory, simplify financing requirements, and deliver unfinished homes.
The US has announced it blocked imports from 26 Chinese cotton traders or warehouse facilities tied to Uyghur forced labor.
China implements 15-day visa-free stays for international cruise travelers, while expanding visa-free transit and digital payment options to boost post-pandemic tourism numbers.
China reiterated its call for a political resolution to the Ukraine war during Russian President Vladimir Putin's visit. President Xi Jinping recognized the need for any settlement to respect the security and sovereignty of all parties involved.
Russia's President Vladimir Putin arrived in Beijing on Thursday for a two-day state visit that will include talks with China's President Xi Jinping to deepen the strategic partnership between the two countries perceived as enemies of the US.
Advocacy groups within the US bicycle community are calling on domestic stakeholders to reach out to lawmakers regarding the recent EV tariffs.
China's EV maker Nio has introduced the first vehicle from its new budget brand, Onvo, to compete with Tesla's best-selling Model Y car.
China mulls purchasing surplus homes amid real estate crisis. The proposed plan involves state-owned enterprises acquiring distressed properties
