3 h. ago Digital economy conference in Beijing to highlight international collaboration

Digital economy conference in Beijing to highlight international collaboration  China Daily - Global Edition

Politics

27 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

36 h. ago Experience Week show the leapfrog of digital economy in Beijing

Experience Week show the leapfrog of digital economy in Beijing  China Economic Net

Politics

4 d. ago Beijing approves convention establishing global mediation organisation in Hong Kong

Beijing has approved the convention establishing the world’s first intergovernmental organisation on mediation in Hong Kong, while indicating it would not bring forth World Trade Organization (WTO) disputes to the new body. Observers said on Friday the move was an indication of Beijing’s support for the WTO and that it would still bring other disputes to the new organisation. The state-run Xinhua News Agency said the Standing Committee of the National People’s Congress had approved the...

Politics

4 d. ago China, US finalise trade deal as Beijing confirms breakthrough in talks

China said on Friday that it would review and approve export applications for controlled items while the US would also remove some limits – confirming a breakthrough in trade talks centred on export controls. Beijing and Washington have been in close communication since a two-day round of trade talks in London earlier this month, with the two sides further confirming details of the framework, China’s Ministry of Commerce said on Friday afternoon. “China will review and approve export...

Economics

4 d. ago China, US reach agreement on export controls as trade talks bear fruit

China said on Friday that it would review and approve export applications for controlled items while the US would also remove some of its limits – confirming much-needed progress in trade talks centred on the two countries’ extensive, reciprocal export controls. Beijing and Washington have been in close communication since a two-day round of trade talks in London ended earlier this month, with both sides further confirming details of the framework solidified in those meetings, China’s Ministry...

Politics

5 d. ago China’s Economy Is Still Sputtering. Why Beijing May Wait on More Stimulus.

China’s Economy Is Still Sputtering. Why Beijing May Wait on More Stimulus.  Barron's

Politics

6 d. ago GLOBALink | Beijing Workers' Stadium: A thriving sports economy hub

GLOBALink | Beijing Workers' Stadium: A thriving sports economy hub  Xinhua

Economics

7 d. ago Apple joins China’s subsidy scheme to lift sales amid heated local competition

Apple has joined China’s national subsidy programme, providing a boost to the US tech giant amid heightened competition from major domestic rivals and growing headwinds in the world’s second-largest economy. Consumers in Beijing and Shanghai are now entitled to discounts of up to 2,000 yuan (US$278) on select models of Apple devices – including the iPhone, iPad, Apple Watch and MacBook – when they buy directly from the US company, according to a statement published on Tuesday on Apple’s mainland...

Politics

8 d. ago Beijing tells China ships in Strait of Hormuz to phone home amid safety risks

Check in once a day so we know you’re OK – that is the message China has sent to all domestic shipping vessels traversing the Strait of Hormuz, as Iran mulls closure of the key oil trade route following air strikes by the United States at the weekend. Effective immediately, all shipping companies and ship-management firms must submit daily reports with specific details from vessels transiting not only the Hormuz – a critically important shipping chokepoint – but also the Gulf of Oman and the...

Events

9 d. ago As Hong Kong’s financial sector soars, what about food and retail?

Hong Kong is at risk of splitting up into two economies. On one end, Hong Kong’s financial, professional and business services are being revived on the back of China’s resurgent, tech-driven economy and the shifting balance of power between Washington and Beijing. US President Donald Trump’s global tariff war, announced on April 2, was supposed to kneecap the world. But the shock and awe unleashed have rapidly dissipated due to rising misgivings about the looming fiscal crisis, compounded by the...

Politics

1 week ago How does Trump’s lack of trade deals strengthen Beijing’s hand?

The United States failed this week to reach a tariff deal with Japan, a key Pacific Rim ally, and has threatened to notify multiple countries of new duty rates on imports after talks with only one, the United Kingdom, have shown any results. Those developments, which made the US look weak in the short term, should prompt China to take a harder line with Washington on reaching a deal, analysts said. China, the world’s second-largest economy, was hit especially hard by US President Donald Trump on...

Politics

1 week ago China’s magnet exports to US slammed in May as rare earth curbs hit: data

The volume of China’s export shipments of magnets to the US, a chokepoint in the ongoing trade war between the world’s two largest economies, plunged in volume by 93.3 per cent in May, year on year, according to the latest customs data. China exported around 46.4 tonnes of magnets to the US last month. It was also a sharp month-on-month decline of 81 per cent from 246.3 tonnes shipped in April. The total export of magnets, which dominate China’s critical minerals shipments, fell by nearly 74.3...

Events

1 week ago Beijing official praises Hong Kong leader for ‘positive progress’ in boosting economy, improving people’s livelihoods

Beijing official praises Hong Kong leader for ‘positive progress’ in boosting economy, improving people’s livelihoods  Hong Kong Free Press HKFP

Politics

1 week ago China’s humanoid robot firms pay over x3 national average amid AI talent crunch

As China witnesses a boom in humanoid robotics, companies in the sector are offering salaries more than three times the urban average to lure top engineers and AI talent – underscoring a deepening talent crunch that even industry leaders acknowledge. The average monthly pay for humanoid robot algorithm engineers now stands at 31,512 yuan (US$4386), rising up to 38,489 yuan for roles requiring more than five years of experience, according to a new report released this week by online recruitment...

Economics

1 week ago China’s humanoid robot firms pay 3 times national average amid AI talent crunch

As China witnesses a boom in humanoid robotics, companies in the sector are offering salaries more than three times the urban average to lure top engineers and AI talent – underscoring a deepening talent crunch that even industry leaders acknowledge. The average monthly pay for humanoid robot algorithm engineers now stands at 31,512 yuan (US$4386), rising up to 38,489 yuan for roles requiring more than five years of experience, according to a new report released this week by online recruitment...

Economics

1 week ago As China sees boom in humanoid robotics, firms pay 3 times national average

As China witnesses a boom in humanoid robotics, companies in the sector are offering salaries more than three times the urban average to lure top engineers and AI talent – underscoring a deepening talent crunch that even industry leaders acknowledge. The average monthly pay for humanoid robot algorithm engineers now stands at 31,512 yuan (US$4386), rising up to 38,489 yuan for roles requiring more than five years of experience, according to a new report released this week by online recruitment...

Economics

2 w. ago China hails Nvidia expo appearance as ‘vote of confidence’ amid tensions

China has announced that US semiconductor giant Nvidia will attend its flagship supply chain event for the first time, despite growing tensions between the two countries over a string of trade and technology issues. Nvidia will be among more than 100 exhibitors from the United States and Europe attending the China International Supply Chain Expo in July, the event’s organiser confirmed during a press conference on Tuesday morning. The artificial intelligence chip firm’s appearance in Beijing...

Politics

3 w. ago EU to China: your ‘impressive rise’ must not crush our industries

The European Union’s trade chief Maros Sefcovic has warned China that its “impressive rise must not come at the expense of the European economy” as the bloc continues to push for Beijing to loosen export controls on rare earths and act on trade diversion. Speaking in Brussels on Thursday, two days after meeting Chinese Commerce Minister Wang Wentao, Sefcovic stated that “China has a responsibility to match its support for multilateralism with full respect for the rules meant to ensure fairness...

Politics

3 w. ago Australia’s Albanese to meet China’s Xi in Beijing this summer: source

Australian Prime Minister Anthony Albanese is set to become the latest world leader to travel to Beijing for trade talks, as countries around the world scramble to navigate the turbulence unleashed by US President Donald Trump’s tariff policies. The Australian leader is expected to arrive in the Chinese capital in July or August, a source with knowledge of the situation told the Post on condition of anonymity, with the European Union also scheduled to hold a crunch summit with China during the...

Politics