US Secretary of State to Confront China Over Support to RussiaU.S. Secretary of State Antony Blinken to Visit Beijing and Shanghai, Meetings with Wang Yi and Others Expected U.S. Secretary of State Antony Blinken is set to visit China this week and is expected to urge the country to halt exports of military-capable components and semiconductors to Russia. According to Bloomberg on the 20th (local […]
Fears Arise As Biden's Tariff Hike Intensifies U.S.-China DisputesOn the 22nd, Samsung Securities analyzed the possibility of the U.S.-China dispute, which has resurfaced as a hot topic in the financial market and is likely to intensify. President Joe Biden recently announced plans to raise tariffs on Chinese steel and aluminum from 7.5% to 25%. The U.S. Trade Representative Katherine Tai revealed that they […]
Copper Prices Soar as China's Largest Mining Group Suspends ProductionProduction suspended at the COMMUS copper mine in CongoThe possibility of high levels of radiation in cobalt raises concernsCopper prices are at their highest in a year and are expected to face increased upward pressure Zijin Mining Group, China’s top gold-producing company, has halted production at its copper mine in the Democratic Republic of the […]
China's Sinking Cities: 200 Million People at RiskA recent study has revealed that 45% of Chinese cities are sinking by more than 0.12 inches (3mm) annually, putting hundreds of millions of Chinese citizens at risk. BBC reported this on the 19th (local time), citing a paper published in Science. About 50 Chinese scientists jointly wrote the paper. The study, conducted from 2015 […]
Tesla Slashes Prices Across Globe Amid Rising InventoryTesla cuts prices by $2000 in the US and €2000 in Europe Tesla has lowered its prices in Europe due to a surge in inventory at its Gigafactory in Grünheide (Berlin, Germany), built with the booming European electric vehicle market in mind. According to Reuters and The Guardian UK on the 21st (local time), Tesla […]
Tesla's Dominance Challenged as BYD Takes Lead in ChinaChina’s foremost electric vehicle (EV) manufacturer, BYD, has secured the leading position in the domestic auto market share for the first time. According to the China Passenger Car Association (CPCA), on the 21st, BYD sold 263,000 units last month in China. This is a 35.4% increase compared to the sales volume of 192,289 units in […]
Blinken's Crucial Meeting in China: What's on the Agenda?U.S. Secretary of State Antony Blinken plans to meet with his Chinese counterpart, Wang Yi, who is the Director of the Central Foreign Affairs Office of the Communist Party (also serving as the Foreign Minister), in Beijing and Shanghai from the 24th to the 26th, the State Department announced on the 20th (local time). The […]
Global Supply Chain Crisis: Tri-Nation Partnership Takes a StandThe United States, South Korea, and Japan have declared their intention to counteract the supply chain crisis caused by China’s overproduction and low-cost dumping in the electric vehicle and solar panel industries, among others, through a Reinforcing and Improving Sustainable Economies (RISE) partnership. On the 17th (local time), Choi Sang Mok, the Deputy Prime Minister […]
Survey Reveals: 80% of South Koreans Seek Friendly Ties with ChinaAccording to a survey, approximately 80% of South Koreans wish to maintain a friendly and cooperative relationship with China. Furthermore, over half of the respondents felt that the recent relations between South Korea and China have cooled. Online edition of Global Times’ parent media, Huanqiu Shibao./Huanqiu Shibao. On the 18th, the English edition of Global […]
Hyundai's Latest Decision Sparks Controversy in South KoreaHyundai Plans to Import ‘Sonata Taxi’ Produced in China Recently, news broke that Hyundai could import the eighth-generation Sonata taxi produced in China. At the time, the Hyundai union claimed a collective agreement violation and opposed the move. Until now, the seventh-generation Sonata taxi has been produced in the Chungnam Asan factory, but due to […]
IMF Warns: 'U.S. and Chinese Fiscal Deficits Are a Grave Risk to the Global Economy'US fiscal deficit to hit 7.1% of GDP next year, triple the average for advanced economiesChina’s fiscal deficit to reach 7.6%, double the average of emerging countriesUS debt also affects inflation…high inflation-high interest rate vicious circle The International Monetary Fund (IMF) warned on the 17th (local time) that the massive fiscal deficit in the United […]
Volkswagen and Xiaopeng Unite to Boost China's EV MarketChinese electric vehicle startup Xiaopeng and the Volkswagen Group announced that they have signed a framework agreement for technical cooperation related to Electric/Electronic Architecture (E/E Architecture) to produce Volkswagen brand electric vehicles in the Chinese market. The two companies plan to jointly develop Xiaopeng’s latest E/E Architecture and integrate it into Volkswagen’s central Chinese platform […]
US Law Targets Chinese Communist Party for Child Labor in Cobalt MiningA bill has been proposed in the U.S. Congress to ban the import of cobalt from the Democratic Republic of the Congo (DRC). This is due to allegations that the Chinese Communist Party, which owns 90% of the DRC’s cobalt mines, is exploiting child labor and forced labor. According to industry sources, on the 18th, […]
China Slashes U.S. Treasury Holdings: Set to Fall Behind UKAs China cuts its holdings of U.S. Treasuries, it is expected to drop to the third-largest holder of U.S. Treasuries after the United Kingdom. According to United News on the 18th, the U.S. Treasury Department reported on the 17th (local time) that as of the end of last February, the Chinese government’s holdings of U.S. […]
Revival of the U.S.-China Trade War? U.S. Mulls Over TariffsOn the 16th (local time), U.S. Trade Representative Katherine Tai revealed her serious contemplation of trade defense actions, including the imposition of tariffs under Section 301 of the Trade Act, in reaction to China’s unfair trade practices. With this announcement, as the U.S. election draws closer this year, it becomes pertinent to monitor whether the […]
Robot or Human? Chinese Restaurant Owner's Performance Leaves Diners Guessing!A restaurant owner in Chongqing, China, who delivers true-to-life robot performances that could easily be mistaken for a genuine android is garnering attention. According to the South China Morning Post (SCMP), on the 10th, a video and photos of a restaurant owner in Chongqing, southwestern China, imitating a mechanoid server went viral online. The 26-year-old […]
Trapped in China: Tourists Held Hostage in Store StandoffA group of Chinese tourists were trapped in a store for several hours after refusing to make purchases. According to foreign media outlets such as the South China Morning Post (SCMP), 37 local tourists who visited Xishuangbanna Dai Autonomous Prefecture in Yunnan Province, China, on the 26th of last month were confined in a bedding […]
Actor's Outburst Prompts Apple to Allow Used Parts for iPhone RepairsThere is a growing interest in why a Chinese actor smashed his iPhone on the ground. Famous Chinese actor Liu Jin, known for his roles in Angel’s Happiness and Green Love, recently posted a video on his Weibo account. In the video, Liu Jin smashes his iPhone on the ground multiple times in front of […]
China's Population Crisis: A Threat to Its Economic Supremacy?Elderly population expected to reach 38% by 2050Retirement age at 60, the world’s lowestThe Hukou System hinders economic growthUrbanization rate must reach 75-80% As China faces complex issues of economic slowdown, low birth rate, and aging population, its status as the world’s second-largest economy is wavering. The Economist recently introduced a solution for China’s population crisis. […]
China's Top Official: 'We Need to Hold Onto Bottom Line of National Security For the Development of Hong Kong"Reuters, Yonhap News A high-ranking Chinese government official in charge of Hong Kong policy emphasized the legitimacy of the Hong Kong version of the National Security Law (Hong Kong National Security Law), which went into full effect last March. According to Reuters on the 15th, Xia Baolong, director of the Hong Kong and Macao Affairs […]
US Secretary of State to Confront China Over Support to Russia U.S. Secretary of State Antony Blinken to Visit Beijing and Shanghai, Meetings with Wang Yi and Others Expected U.S. Secretary of State Antony Blinken is set to visit China this week and is expected to urge the country to halt exports of military-capable components and semiconductors to Russia. According to Bloomberg on the 20th (local […]
Fears Arise As Biden's Tariff Hike Intensifies U.S.-China Disputes On the 22nd, Samsung Securities analyzed the possibility of the U.S.-China dispute, which has resurfaced as a hot topic in the financial market and is likely to intensify. President Joe Biden recently announced plans to raise tariffs on Chinese steel and aluminum from 7.5% to 25%. The U.S. Trade Representative Katherine Tai revealed that they […]
Copper Prices Soar as China's Largest Mining Group Suspends Production Production suspended at the COMMUS copper mine in CongoThe possibility of high levels of radiation in cobalt raises concernsCopper prices are at their highest in a year and are expected to face increased upward pressure Zijin Mining Group, China’s top gold-producing company, has halted production at its copper mine in the Democratic Republic of the […]
China's Sinking Cities: 200 Million People at Risk A recent study has revealed that 45% of Chinese cities are sinking by more than 0.12 inches (3mm) annually, putting hundreds of millions of Chinese citizens at risk. BBC reported this on the 19th (local time), citing a paper published in Science. About 50 Chinese scientists jointly wrote the paper. The study, conducted from 2015 […]
Tesla Slashes Prices Across Globe Amid Rising Inventory Tesla cuts prices by $2000 in the US and €2000 in Europe Tesla has lowered its prices in Europe due to a surge in inventory at its Gigafactory in Grünheide (Berlin, Germany), built with the booming European electric vehicle market in mind. According to Reuters and The Guardian UK on the 21st (local time), Tesla […]
Tesla's Dominance Challenged as BYD Takes Lead in China China’s foremost electric vehicle (EV) manufacturer, BYD, has secured the leading position in the domestic auto market share for the first time. According to the China Passenger Car Association (CPCA), on the 21st, BYD sold 263,000 units last month in China. This is a 35.4% increase compared to the sales volume of 192,289 units in […]
Blinken's Crucial Meeting in China: What's on the Agenda? U.S. Secretary of State Antony Blinken plans to meet with his Chinese counterpart, Wang Yi, who is the Director of the Central Foreign Affairs Office of the Communist Party (also serving as the Foreign Minister), in Beijing and Shanghai from the 24th to the 26th, the State Department announced on the 20th (local time). The […]
Global Supply Chain Crisis: Tri-Nation Partnership Takes a Stand The United States, South Korea, and Japan have declared their intention to counteract the supply chain crisis caused by China’s overproduction and low-cost dumping in the electric vehicle and solar panel industries, among others, through a Reinforcing and Improving Sustainable Economies (RISE) partnership. On the 17th (local time), Choi Sang Mok, the Deputy Prime Minister […]
Survey Reveals: 80% of South Koreans Seek Friendly Ties with China According to a survey, approximately 80% of South Koreans wish to maintain a friendly and cooperative relationship with China. Furthermore, over half of the respondents felt that the recent relations between South Korea and China have cooled. Online edition of Global Times’ parent media, Huanqiu Shibao./Huanqiu Shibao. On the 18th, the English edition of Global […]
Hyundai's Latest Decision Sparks Controversy in South Korea Hyundai Plans to Import ‘Sonata Taxi’ Produced in China Recently, news broke that Hyundai could import the eighth-generation Sonata taxi produced in China. At the time, the Hyundai union claimed a collective agreement violation and opposed the move. Until now, the seventh-generation Sonata taxi has been produced in the Chungnam Asan factory, but due to […]
IMF Warns: 'U.S. and Chinese Fiscal Deficits Are a Grave Risk to the Global Economy' US fiscal deficit to hit 7.1% of GDP next year, triple the average for advanced economiesChina’s fiscal deficit to reach 7.6%, double the average of emerging countriesUS debt also affects inflation…high inflation-high interest rate vicious circle The International Monetary Fund (IMF) warned on the 17th (local time) that the massive fiscal deficit in the United […]
Volkswagen and Xiaopeng Unite to Boost China's EV Market Chinese electric vehicle startup Xiaopeng and the Volkswagen Group announced that they have signed a framework agreement for technical cooperation related to Electric/Electronic Architecture (E/E Architecture) to produce Volkswagen brand electric vehicles in the Chinese market. The two companies plan to jointly develop Xiaopeng’s latest E/E Architecture and integrate it into Volkswagen’s central Chinese platform […]
US Law Targets Chinese Communist Party for Child Labor in Cobalt Mining A bill has been proposed in the U.S. Congress to ban the import of cobalt from the Democratic Republic of the Congo (DRC). This is due to allegations that the Chinese Communist Party, which owns 90% of the DRC’s cobalt mines, is exploiting child labor and forced labor. According to industry sources, on the 18th, […]
China Slashes U.S. Treasury Holdings: Set to Fall Behind UK As China cuts its holdings of U.S. Treasuries, it is expected to drop to the third-largest holder of U.S. Treasuries after the United Kingdom. According to United News on the 18th, the U.S. Treasury Department reported on the 17th (local time) that as of the end of last February, the Chinese government’s holdings of U.S. […]
Revival of the U.S.-China Trade War? U.S. Mulls Over Tariffs On the 16th (local time), U.S. Trade Representative Katherine Tai revealed her serious contemplation of trade defense actions, including the imposition of tariffs under Section 301 of the Trade Act, in reaction to China’s unfair trade practices. With this announcement, as the U.S. election draws closer this year, it becomes pertinent to monitor whether the […]
Robot or Human? Chinese Restaurant Owner's Performance Leaves Diners Guessing! A restaurant owner in Chongqing, China, who delivers true-to-life robot performances that could easily be mistaken for a genuine android is garnering attention. According to the South China Morning Post (SCMP), on the 10th, a video and photos of a restaurant owner in Chongqing, southwestern China, imitating a mechanoid server went viral online. The 26-year-old […]
Trapped in China: Tourists Held Hostage in Store Standoff A group of Chinese tourists were trapped in a store for several hours after refusing to make purchases. According to foreign media outlets such as the South China Morning Post (SCMP), 37 local tourists who visited Xishuangbanna Dai Autonomous Prefecture in Yunnan Province, China, on the 26th of last month were confined in a bedding […]
Actor's Outburst Prompts Apple to Allow Used Parts for iPhone Repairs There is a growing interest in why a Chinese actor smashed his iPhone on the ground. Famous Chinese actor Liu Jin, known for his roles in Angel’s Happiness and Green Love, recently posted a video on his Weibo account. In the video, Liu Jin smashes his iPhone on the ground multiple times in front of […]
China's Population Crisis: A Threat to Its Economic Supremacy? Elderly population expected to reach 38% by 2050Retirement age at 60, the world’s lowestThe Hukou System hinders economic growthUrbanization rate must reach 75-80% As China faces complex issues of economic slowdown, low birth rate, and aging population, its status as the world’s second-largest economy is wavering. The Economist recently introduced a solution for China’s population crisis. […]
China's Top Official: 'We Need to Hold Onto Bottom Line of National Security For the Development of Hong Kong" Reuters, Yonhap News A high-ranking Chinese government official in charge of Hong Kong policy emphasized the legitimacy of the Hong Kong version of the National Security Law (Hong Kong National Security Law), which went into full effect last March. According to Reuters on the 15th, Xia Baolong, director of the Hong Kong and Macao Affairs […]
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