Russian President Vladimir Putin is visiting China, seeking support amid Western sanctions. Russia’s economy now relies on wartime activities and trade with China. Putin is looking to rebalance Russia’s relationship with China. But time is on Beijing’s side. Russian President Vladimir Putin is on a two-day visit to China, and he’s bringing along a large […]
(Bloomberg) — Michael Burry’s investment firm doubled down on its bets on JD.com Inc and Alibaba Group Holding Ltd. in the first quarter as Chinese equities bottomed out. Most Read from Bloomberg JD.com was Scion Asset Management’s top holding after the firm boosted its stake in the e-commerce operator by 80% during the period, according […]
MANILA, May 16 (Reuters) – A Philippine group leading a civilian supply mission in the South China Sea delivered food and fuel to Filipino fishermen despite being shadowed by Chinese vessels, its officials said on Thursday, calling it a “major victory”. Atin Ito (This is Ours) said a 10-member team sailed to the Scarborough Shoal […]
(Bloomberg) — China sold a record amount of Treasury and US agency bonds in the first quarter, highlighting the Asian nation’s move to diversify away from American assets as trade tensions persist. Most Read from Bloomberg Beijing offloaded a total of $53.3 billion of Treasuries and agency bonds combined in the first quarter, based on […]
(Reuters) -Microsoft is asking about 700 to 800 people in its China-based cloud-computing and artificial-intelligence operations to consider transferring outside the country, the Wall Street Journal reported on Thursday. The employees, mostly engineers with Chinese nationality, were earlier in the week offered an option to transfer to countries including the U.S., Ireland, Australia and New […]
(Reuters) -Microsoft is asking about 700 to 800 people in its China-based cloud-computing and artificial-intelligence operations to consider transferring outside the country, the Wall Street Journal reported on Thursday. The employees, mostly engineers with Chinese nationality, were earlier in the week offered an option to transfer to countries including the U.S., Ireland, Australia and New […]
(Reuters) -Microsoft is asking about 700 to 800 people in its China-based cloud-computing and artificial-intelligence operations to consider transferring outside the country, the Wall Street Journal reported on Thursday. The employees, mostly engineers with Chinese nationality, were earlier in the week offered an option to transfer to countries including the U.S., Ireland, Australia and New […]
By Clare Jim HONG KONG (Reuters) -Shares of Chinese property developers jumped on Thursday, after a report that China is considering a plan for local governments nationwide to buy millions of unsold homes from distressed companies to ease a protracted property crisis. Hong Kong’s Hang Seng Mainland Properties Index firmed as much as 6% in […]
China’s leader Xi Jinping welcomed Russia’s President Vladimir Putin on Thursday as he began a two-day state visit while Moscow presses forward with a new offensive in Ukraine. They shook hands at a welcome ceremony after Mr Putin’s arrival in Beijing at dawn. Mr Putin, Mr Xi and other top officials are expected to hold […]
(Bloomberg) — Russian President Vladimir Putin arrived in Beijing for his first visit to China of his new term, highlighting the importance of the relationship to Moscow following its invasion of Ukraine. Most Read from Bloomberg Putin arrived in the Chinese capital early Thursday, state broadcaster China Central Television reported. He is likely to prioritize […]
China has secretly built what could be the world’s first drone carrier, an analyst said. The report pointed to the vessel’s size to guess at its primary mission. Having a drone carrier would allow China to use different types of drones to attack, an analyst told BI. China’s navy has secretly built what could be […]
Chinese President Xi Jinping and US President Joe Biden.SAUL LOEB/AFP via Getty Images The tariffs signal that the US won’t accept another wave of Chinese imports, Paul Krugman wrote. The previous “China shock” was damaging to US employment, given the localized nature of US industry. China is relying on heavy production to manufacture its way […]