14 h. ago China Dominates Textile Machinery Investment as Global Shipments Show Divergence in 2024

China Dominates Textile Machinery Investment as Global Shipments Show Divergence in 2024  Sourcing Journal

Politics

18 h. ago Billions misused in China 2024 stimulus, from flood controls to gym gear: audit

China’s top audit watchdog has revealed that tens of billions of yuan in funding were misused by localities amid a roll-out of stimulus measures and flagship projects that the nation adopted last year, as Beijing injected trillions to boost China’s economy. The revelation – resulting from an assessment of the central government’s budget execution last year, as well as of other fiscal revenues and expenditures in 2024 – was spelled out in a report submitted by National Audit Office auditor...

Events

5 d. ago China’s AI capital spending set to reach up to US$98 billion in 2025: BofA

Capital expenditure on artificial intelligence (AI) in China is forecast to reach 600 billion yuan to 700 billion yuan (US$84 billion to US$98 billion) this year, according to a Bank of America (BofA) report, as the mainland and the United States race for primacy in the vital technology. That would represent as much as a 48 per cent overall growth this year for China’s AI capex from 2024, BofA Securities’ co-head of China equity research Matty Zhao, who also heads Asia-Pacific basic materials,...

Economics

9 d. ago Beijing 2025 preview: Paris 2024 champions headline field in China's World Cup debut

Beijing 2025 preview: Paris 2024 champions headline field in China's World Cup debut  Paralympic

Politics

1 week ago Singapore leader’s visit gives China chance to pitch itself as reliable partner

Singapore’s Prime Minister Lawrence Wong will visit China next week, on a trip that is expected to give Beijing a chance to promote itself as a reliable partner for Southeast Asian countries and defender of multilateralism. China will also be keen to reassure Singapore that the Chinese economy is “back on track” as it gears up for a trade war with the United States, analysts said. It will be Wong’s first trip to China since becoming prime minister in May 2024. The visit follows his People’s...

Politics

1 week ago China led global sales of EVs in 2024, but Tesla is still No. 1

China led global sales of EVs in 2024, but Tesla is still No. 1  E&E News by POLITICO

Politics

3 w. ago China's approvals of coal power plants grow after 2024 decline

China's approvals of coal power plants grow after 2024 decline  Reuters

Politics

4 w. ago Is Labubu the next Hello Kitty? Analysts debate the limits for China’s Pop Mart

Pop Mart, the company behind the hit collectible character Labubu, was virtually unknown outside mainland China before 2024, but now some analysts are comparing its success to that of Sanrio and its Hello Kitty property, suggesting that the Beijing toymaker could have created a new playbook for cultural exports. Labubu, a sharp-fanged but cute little monster that is often sold as a plush clip-on charm for handbags, has attracted high-profile fans including the family of football star David...

Politics

4 w. ago How Pop Mart turns Labubu into a cultural phenomenon ‘without mentioning China’

Pop Mart, the company behind the hit collectible character Labubu, was virtually unknown outside mainland China before 2024, but now some analysts are comparing its success to that of Sanrio and its Hello Kitty property, suggesting that the Beijing toymaker could have created a new playbook for cultural exports. Labubu, a sharp-fanged but cute little monster that is often sold as a plush clip-on charm for handbags, has attracted high-profile fans including the family of football star David...

Politics

4 w. ago Is Labubu the next Hello Kitty? Analysts debate Pop Mart’s limits

Pop Mart, the company behind the hit collectible character Labubu, was virtually unknown outside mainland China before 2024, but now some analysts are comparing its success to that of Sanrio and its Hello Kitty property, suggesting that the Beijing toymaker could have created a new playbook for cultural exports. Labubu, a sharp-fanged but cute little monster that is often sold as a plush clip-on charm for handbags, has attracted high-profile fans including the family of football star David...

Politics