China news

As it happened: China’s ‘two sessions’ 2024 – Beijing defends realistic GDP goal, vows to crack down on financial market irregularities

by
As it happened: China’s ‘two sessions’ 2024 – Beijing defends realistic GDP goal, vows to crack down on financial market irregularities

This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing in our spring flash sale. China’s finance and commerce ministers, as well as the heads of the People’s Bank of China, National Development and Reform Commission and China Securities Regulatory Commission, met the press … Read more

Singapore Airshow: China’s home-grown C919 passenger jet lands 40 orders on international debut

by
Singapore Airshow: China’s home-grown C919 passenger jet lands 40 orders on international debut

China for the first time flew the home-grown C919 narrowbody passenger jet in an international aviation event on Tuesday, securing more orders for it and the ARJ21 regional jet on the opening day of the Singapore Airshow. The C919 conducted a flyover of Changi Exhibition Centre, marking its maiden official appearance during the largest aviation … Read more

China’s Country Garden Holdings on brink of defaulting on $11 billion overseas debt: Report

by
China’s Country Garden Holdings on brink of defaulting on $11 billion overseas debt: Report

Country Garden Holdings, China’s biggest private property developer, is hours away from defaulting on its $11 billion in overseas debt, yet to make a coupon payment due on Wednesday to its bond investors. The looming default, which would be the latest in scores of Chinese developers who have defaulted, would deepen the crisis roiling the … Read more

Why the Dollar’s Comeback Could Be Bad News for the Stock Market

by
Why the Dollar’s Comeback Could Be Bad News for the Stock Market

Why the Dollar’s Comeback Could Be Bad News for the Stock Market After weakening earlier this year, the U.S. dollar is pushing higher and could be headed back toward the 20-year high it touched in 2022. WSJ’s Dion Rabouin explains why this could be bad news for investors. Photo illustration: Noah Friedman Source link

Huawei unit ships Chinese-made surveillance chips in fresh comeback sign | Technology News

by
Huawei unit ships Chinese-made surveillance chips in fresh comeback sign | Technology News

A Huawei Technologies unit is shipping new Chinese-made chips for surveillance cameras in a fresh sign the Chinese tech giant is finding ways around four years of U.S. export controls, two sources briefed on the unit’s efforts said. The shipments to surveillance camera manufacturers from the company’s HiSilicon chip design unit started this year, according … Read more

US lawmaker speaks with Chinese minister on concerns about tech giants Intel, Micron

by
US lawmaker speaks with Chinese minister on concerns about tech giants Intel, Micron

Gina Raimondo, the US Commerce Secretary, engaged in substantive discussions with China’s Commerce Minister Wang Wentao during their recent meeting. Notably, Raimondo expressed concerns about several pressing issues concerning American businesses, among them, the situations involving tech giants Intel and Micron. This exchange took place as part of a wide-ranging conversation that covered various economic … Read more