Chinese leaders warned at an important economic planning meeting last week that growth still faces many challenges. While the rest of the world still struggles with the shock of the coronavirus pandemic, China is set to be the only major economy to expand this year. President Xi Jinping, Premier Li Keqiang and other leaders who attended […] Read more
The U.S. needs to take a “strategic approach” as it competes with China on artificial intelligence, according to a Nasdaq executive. AI is an area that is going to only develop in partnership with government, and U.S. authorities need to get involved, said Edward Knight, vice chairman of Nasdaq. The Chinese government has already started […] Read more
As China presses on with its economic recovery from the coronavirus pandemic, new university graduates are still trying to catch up. By official and third-party accounts, the class of 2020 — at a record high of 8.74 million students — is having a harder time finding jobs than last year’s graduates. There’s been a clear […] Read more
China’s young billionaires amassed a combined fortune of more than $223 billion this year as the country enjoyed its fastest year of wealth accumulation, even as the world battles its worst economic crisis in decades. China had 60 billionaires below the age of 40 this year, according to the latest Hurun Rich List released last week. […] Read more
Chinese President Xi Jinping is about to deepen his mark on what could soon be the world’s largest economy. The central committee of China’s ruling Communist Party, led by Xi, is set to meet in Beijing from Oct. 26 to 29 to discuss a proposal for national development for the next five years — from 2021 to […] Read more
China’s Foreign Minister Wang Yi was due to arrive on Wednesday night in Thailand, a country central to Beijing’s strategy for Asia at a time the kingdom is facing a double hit from a pandemic-flattened economy and political turmoil. In the big superpower square-off between the US and China, Thailand plays an oversized role. Bordering […] Read more
China has started one of the biggest real-world trials for its digital currency as it pushes closer toward creating a cashless future. Last week, the government in Shenzhen carried out a lottery to give away a total of 10 million yuan (about $1.5 million) worth of the digital currency. Nearly 2 million people applied and […] Read more
Negative opinions about China have soared among countries and reached a record high for most of the 14 countries polled, according to a recent Pew Research Center. Negative views of China reached their “highest points” in 9 of those countries since the research center began polling on this issue more than 10 years ago, the […] Read more
Dr. Scott Gottlieb on Monday lamented the persistent spread of the coronavirus in the U.S., suggesting the nation’s response pales in comparison to other places around the world. “The entire Pacific Rim has less than 1,000 infections a day. Having a raging epidemic is not inevitable,” Gottlieb said on “Squawk Box,” referring to countries such […] Read more
As China’s leaders get ready to release their national development plan for the next five years, some government advisors emphasize the priority is building up China’s domestic strength. Chinese authorities have stepped up their efforts to shift the economy from one reliant on exports to one driven by domestic consumption. The country faces the shock […] Read more
