62 h. ago Commentary: Chinese consumer behaviour during Golden Week was exactly what Beijing hoped to avoid

Commentary: Chinese consumer behaviour during Golden Week was exactly what Beijing hoped to avoid  CNA

Politics

3 d. ago Chipmaker CXMT eyes US$42 billion Shanghai listing, sources say

Chinese memory chipmaker ChangXin Memory Technologies (CXMT) plans an initial public offering (IPO) in Shanghai as soon as the first quarter of next year, eyeing a valuation of up to 300 billion yuan ($42.12 billion), according to two sources briefed on the matter. Founded in 2016 with government backing, CXMT leads China’s strategic push to build a foothold in a global DRAM market long dominated by companies from Japan, South Korea and the United States. China’s leading manufacturer of dynamic...

Economics

7 d. ago Bitcoin struggles to find momentum after historic crypto wipeout

After a week-long rout that erased hundreds of billions in digital-asset value, bitcoin has again failed to live up to its billing as a safe-harbour asset. Once cast as a hedge against market turmoil – a “digital gold” for the blockchain age – the original cryptocurrency stabilised on Friday morning in Singapore after sliding alongside global equities and credit to hover near US$109,000, according to data compiled by Bloomberg. Bitcoin had struck an all-time high of US$126,251 as recently as...

Politics

8 d. ago Cambricon, SenseTime form strategic cooperation to support China's tech self

Cambricon, SenseTime form strategic cooperation to support China's tech self-reliance push  Yahoo Finance

Politics

9 d. ago Price surge weighs on gold, silver sales in India’s Diwali market

Record-high gold and silver prices fuelled by US-China friction have dented demand for the precious metal in key consumer market India, in the lead-up to the peak buying period for the Diwali festival. Gold was trading at US$4,197.5 per troy ounce on Wednesday afternoon, as a spike in US-China trade tensions fuelled investors’ demand for the asset, long seen as a safe-haven investment. The silver market has been gripped by a lack of liquidity, sparking a worldwide hunt for the metal. Prices hit...

Economics

1 week ago How the Chinese military uses ‘human abacuses’ to counter smart device failures

China is harnessing an ancient mental calculation technique to train soldiers as “human abacuses” for high-stakes combat scenarios where advanced technology might fail. The initiative reflects China’s strategic push to blend traditional methods, such as the abacus and paper-based calculations, with modern warfare tactics. As an example of the approach, CCTV highlighted the feats of Captain Xu Meiduo, a stand-out in the People’s Liberation Army (PLA) land forces. The state broadcaster showed a...

Events

1 week ago Donald Trump's Dream, China's Reality: Beijing Develops Planet

Donald Trump's Dream, China's Reality: Beijing Develops Planet-Wide Defence System Before Golden Dome  NDTV

Politics

1 week ago Gold Garden Cafe to shut 1 of 2 branches in Hong Kong amid tough market

Gold Garden Cafe, a cha chaan teng known for its egg tarts, will close one of its two branches and lay off some staff as Hong Kong’s food and beverage sector continues to face difficult market conditions. Davis Ng Kwai-ting, the owner of the Hong Kong-style cafe, said that while the decision was mainly spurred by the departure of some kitchen staff, the poor economy and the desire to focus his efforts on the main branch were also reasons behind the closure. Tucked in a residential district,...

Politics

1 week ago Markets expect Trump's latest China tariffs will backfire as gold jumps and the dollar 'is not looking looking healthy'

Markets expect Trump's latest China tariffs will backfire as gold jumps and the dollar 'is not looking looking healthy'  Fortune

Politics

1 week ago Markets expect Trump's latest China tariffs will backfire as gold jumps and the dollar 'is not looking healthy'

Markets expect Trump's latest China tariffs will backfire as gold jumps and the dollar 'is not looking healthy'  Fortune

Politics

1 week ago China’s rare earth gambit reveals the next phase of its economic warfare

China’s rare earth gambit reveals the next phase of its economic warfare  Politico

Economics

2 w. ago Kazakhstan seeks investment to become ‘transit hub’ for China

While Kazakhstan is cooperating closely with China on the digitalisation of trade, a government official from the Central Asian country said this week that more infrastructure investment is needed – including along the Middle Corridor trade route – for it to realise its aim of becoming a bridge between Asia and Europe. Exporters turned to the Middle Corridor – which connects China and Europe via Kazakhstan, Azerbaijan, Georgia and Turkey – as an alternative to the northern route of the...

Politics

2 w. ago Trump’s Afghan airbase gambit unites India, Pakistan and China in opposition

US President Donald Trump’s bid to regain control of the strategic Bagram airbase in Afghanistan has achieved an unlikely feat – bringing India, Pakistan and China onto the same side in opposition. At the 7th Moscow Format Consultations on Afghanistan in Moscow on Tuesday, the three Asian powers – often at odds over borders and regional influence – joined countries including Iran and Russia in rejecting Washington’s push to reclaim the base. “They [countries present at the Moscow Format] called...

Politics

2 w. ago Markets eye China’s gold holdings in September reserves update. Data due Oct 7 China time.

Markets eye China’s gold holdings in September reserves update. Data due Oct 7 China time.  investingLive

Politics

2 w. ago China’s gold fever: record prices spark excitement and FOMO – buy, sell or hold?

With gold prices dancing near a never-before-seen US$3,900 an ounce, Chinese investors and consumers are finding themselves caught up in a whirlwind of excitement and trepidation – frustrated by missed opportunities, wary of the record-high rally, and scrambling to decide whether to buy, sell or hold their glittering assets. After topping US$3,800 an ounce for the first time last week in a surprise surge that has continued this week, gold is keeping market participants on their toes. Yue, a...

Economics

3 w. ago China’s US$21 billion in gold ETFs shines amid metal’s continued rise

Chinese investors sitting on 150 billion yuan (US$21 billion) worth of gold exchange-traded funds (ETFs) are likely to enjoy an extended run of a world-beating rally in the metal’s price amid robust demand, according to Swiss banks Julius Baer and Lombard Odier. Even after gaining almost 50 per cent this year, gold prices were set to rise to US$4,000 an ounce in the next 12 months, Julius Baer said, while Lombard Odier said the precious metal would rise to US$3,900. JPMorgan Private Bank was...

Economics

3 w. ago Hong Kong gears up for National Day celebrations as Xi delivers upbeat message

Hong Kong has started its National Day celebrations with an upbeat message from President Xi Jinping, two visiting PLA warships thrilling onlookers in Victoria Harbour and the restaurant sector betting on a business bump of up to 20 per cent during the extra-long “golden week” holiday. In a speech in Beijing on Tuesday to celebrate the 76th anniversary of the founding of the People’s Republic of China, Xi called on the nation to keep on working hard and to forge ahead with determination in...

Politics

last month Beijing’s Golden Gambit: China’s Strategic Push into Central Asian Gold Markets

Beijing’s Golden Gambit: China’s Strategic Push into Central Asian Gold Markets  The China-Global South Project

Politics