Shanghai, China - US restrictions on advanced computer chips are forcing China's tech giants to rethink their ambitious AI-powered projects, analysts say. E-commerce titan Alibaba on Thursday became the latest Chinese firm to admit to feeling the bite of US sanctions, as it abandoned a plan to spin off its multi-billion-dollar...

Dushanbe, Tajikistan - Tajikistan announced plans Friday to link with China's telecommunications network in order to improve the mountainous, landlocked country's internet access, as Beijing's influence in Central Asia grows. Tajikistan has one of the slowest internet services in the world despite improvements in recent years, with all traffic going through...

San Francisco, US - US President Joe Biden and Chinese President Xi Jinping will try to prevent the superpowers' rivalry spilling into conflict when they meet for the first time in a year at a high-stakes summit in San Francisco on Wednesday. With tensions soaring over issues including Taiwan, sanctions and...

Beijing, China - The International Monetary Fund on Tuesday raised its 2023 economic growth forecast for China, citing stronger consumption and recent policy measures announced by Beijing. After a tough year for the world's number-two economy, there have been flickers of life in recent weeks, with third-quarter expansion coming in more...

Crunching data compiled on Chinese financing of almost 21,000 projects across 165 countries, AidData said Beijing had now committed aid and credit "hovering around $80 billion a year" to low and middle-income nations. The United States, in contrast, has provided $60 billion to such countries a year. "Beijing is navigating...

Beijing, China - China announced on Tuesday a 1 trillion yuan ($137 billion) sovereign bond issuance, state media said, in a move experts say is an attempt to shore up the economy after a sluggish post-Covid recovery. The funds will be distributed to local governments to support national disaster prevention and...

BEIJING, CHINA - China's Gross Domestic Product (GDP) grew by 4.9 percent year-on-year in the third quarter, surpassing economists' predictions of 4.4 percent. This demonstrates the continuing momentum of China's economic recovery, spurred by the introduction of various macro-policies since July. According to a Global Times report, Chinese analysts emphasize...

It entered into seven solar, hydrogen agreements in China.

Washington, United States - The United States on Tuesday said it was tightening curbs on exports of state-of-the-art AI chips to China, sending the share price of Nvidia and other semiconductor companies plummeting on Wall Street. The measures are the latest chapter in the policy started under the Trump administration to...

Beijing has been forced to hand out billions of dollars in bailout loans to BRI countries in recent years to allow the countries to extend their loans and remain solvent, according to a joint report this year by the World Bank and other institutions. And China said this month that...

Last year, the economy grew three percent, far from the official target of 5.5 percent, and one of the slowest rates in four decades. But Stephen Innes, managing partner at SPI Asset Management, warned that China continued to face significant economic risks. "China's high levels of corporate and local government debt,...

At the top of the invitation list to China's Belt and Road Initiative forum is Russia's President Vladimir Putin, on his first trip to a major global power since the Ukraine invasion threw his regime into international isolation.

The Russian leader's strategic dependence on China has only grown since his invasion of neighbouring Ukraine thrust his country into international isolation. Putin has hardly ventured beyond his country's borders since the war, with next week's trip the first to a major global power

Beijing said Tuesday the value of signed construction contracts with partners now totaled two trillion dollars -- roughly the size of the economy of Russia or Canada.

Beijing, China - China on Saturday accused the United States of being an "empire of lies", hitting back after a State Department report claimed Beijing spends billions of dollars to spread disinformation globally. The report, released on Thursday by the US State Department's Global Engagement Center, accused China of financing propaganda,...

WASHINGTON, US  - China is seeking to surpass the United States as the top power in the world, US Secretary of State Antony Blinken said on Thursday, as he again warned on Taiwan. Successive US presidents have called China the top long-term challenge to the United States, but some US analysts...

Jakarta, Indonesia - Indonesia has banned goods transactions on social media platforms in a new regulation, its trade minister said Wednesday, as Jakarta aims to rein in direct sales by major tech firms it says are harming millions of small businesses. Government officials in recent weeks called for social media and...

RIYADH, SAUDI ARABIA – China on Tuesday granted Approved Destination Status (ADS) to the Gulf Kingdom. The bilateral agreement, signed on behalf of the Ministry of Tourism of Saudi Arabia allows Chinese citizens to travel to the Kingdom in group tours in addition to facilitating greater ease of access. ADS...

It did not give a timetable for the move or how much it hoped to raise.

Chinese state broadcaster CCTV also announced the launch of an "Economic Working Group" and "Financial Working Group," saying both will hold "regular and irregular meetings to strengthen communication and exchange on relevant issues."

China had discriminated against some of the Indian athletes "in a targeted and pre-meditated manner", India's foreign ministry spokesman Arindam Bagchi said in a statement.

Beijing, China - China's top diplomat Wang Yi will begin a four-day visit to Russia for security talks on Monday, his foreign ministry said, the latest in a series of high-level visits and phone calls between the two sides. China and Russia are strategic allies, with both countries frequently touting...

BEIJING, CHINA – Chairman of China’s National People's Congress (NPC) Standing Committee Zhao Leji held talks in Beijing with the speaker of the Federal National Council of the United Arab Emirates (UAE) Saqr Ghubash. Zhao said that under the two countries' leaders, China and the UAE have continuously consolidated their...

CEO Daniel Zhang was due to take charge of the firm's new cloud computing branch, now a separate entity, on Monday. But two months after announcing his appointment, Alibaba said its now ex-boss was no longer with the company. "The board of our Company expresses its deepest appreciation to Mr...

Beijing, China - President Xi Jinping's unexplained decision to snub the G20 summit underlines Beijing's frayed ties with other major powers as well as growing secrecy at the top of the ruling Communist Party, China analysts told AFP. Beijing's foreign ministry said Monday that Premier Li Qiang would join the leaders...

Beijing, China - Moody's further downgraded the credit ratings of Chinese property developer Country Garden on Thursday as the heavily indebted firm faces a crucial vote to avoid defaulting on a bond repayment. The ratings firm said it had cut Country Garden from Caa1 to Ca, indicating obligations that are "highly...

BEIJING, CHINA – The director of China’s Office of the Central Commission for Foreign Affairs met with the speaker of the Arab Parliament Adel Al Asoomi here. Wang Yi, also a member of the Political Bureau of the Communist Party of China Central Committee, said that Beijing is willing to...

Beijing, China - China and Arab nations have agreed to establish China-Arab International Research Centre for Drought, Desertification, and Land Degradation at the Ninth Kubuqi International Desert Forum on Saturday, according to Global Times. Government representatives in attendance at the meeting signed the Memorandum of Understanding on building the centre...

The builder has accumulated debts of more than $150bn.

BEIJING, CHINA - Between January and July 2023, Chinese enterprises made non-financial direct investments totaling US$13.69 billion (RMB95.34 billion) in Belt and Road countries, demonstrating a surge of 23.2 percent compared to the previous year. This growth amounts to approximately US$13.69 billion (a year-on-year increase of 15.3 percent), constituting nearly...

Beijing, China - Saudi Arabian and Chinese companies and banks on Wednesday signed 12 agreements involving an investment exceeding $1.33 billion (SAR 5 billion). The agreements covered infrastructure development, financing, with five of them related to housing projects. The agreements were signed at the Saudi-Chinese Business Forum being held in...

Tencent last year posted its first decline in quarterly sales since its listing.

The firm works to diversify its business operations.

China accounts for 94 percent of the world's production of gallium -- used in integrated circuits, LEDs and photovoltaic panels -- according to a report by the European Union published this year. For germanium, essential for fiber optics and infrared, China makes up 83 percent of production.

Dubai, China - The roadshow of Dubai Chamber of Digital Economy across five cities of China  saw the participation of over 200 digital companies, including MNCs with a collective market capitalization exceeding $10 billion.  Led by Saeed Al Gergawi, Vice President of Dubai Chamber of Digital Economy, the delegation held...

Economic ties between China and the Gulf region's largest economies, Saudi Arabia and the UAE, have surged since President Xi Jinping's attendance at the first Chinese-Gulf summit in Riyadh seven months ago.

China's President Xi Jinping has pledged stronger ties with Algeria, highlighting the importance of their comprehensive strategic partnership. Algeria, Africa's largest natural gas exporter, has been seeking to join the BRICS economic group, and China has shown support for this goal.

Share buyback plan values Ant Group at $78.5 billion.

BEIJING, CHINA - China said on Monday it would slap export controls on two rare metals essential for the manufacture of semiconductors over security concerns, as Beijing and Washington tussle over the global market for chips. Exports of gallium and germanium, of which China is a major producer, will require a...

MOSCOW, RUSSIA - Russia's foreign ministry said on Sunday that Beijing had backed Moscow's efforts to counter a short-lived armed uprising led by the head of the Wagner mercenary group Yevgeny Prigozhin. "The Chinese side expressed support for the efforts of the leadership of the Russian Federation to stabilize the situation...

Beijing had banned its chips from critical infrastructure projects.

Investment agreements between the two sides covered diverse sectors such as technology, renewables, agriculture, real estate, minerals, supply chains, tourism, and healthcare.

Beijing, China -- Dinner, drinks and a selfie with Lionel Messi sounds like every football fan's dream, but Chinese police have warned it's just one of numerous scams surrounding his visit to Beijing. The Argentine legend's presence in China for a friendly against Australia in the capital on Thursday has drawn...

US Secretary of State Antony Blinken will travel to China next week, rescheduling a visit that was canceled in February, US officials said Friday. Blinken is expected to arrive in Beijing on June 18, the first trip by a top US envoy to China since his predecessor Mike Pompeo in...

WASHINGTON, US- The United States placed sanctions on Tuesday on several Chinese and Hong Kong firms it said were supplying Iran's ballistic missile program. The US Treasury said the Chinese companies shipped centrifuges for producing fuels, non-ferrous metals with potential military use, electronics and gyroscopes to already-sanctioned Iranian government bodies and...

Beijing says trade with Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan reached $70 billion in 2022 and expanded 22 percent year-on-year in the first quarter of 2023. Central Asia has also become key to China's trillion-dollar Belt and Road Initiative, a defining geopolitical project for President Xi Jinping.

Vienna, Austria - Austria said on Wednesday it will ban TikTok on federal employees' work phones, joining a growing list of Western nations cracking down on the Chinese-owned social media platform due to security concerns. The decision followed advice from Austria's intelligence services and several ministry experts. Similar measures have recently...

Abu Dhabi, UAE - Etihad Cargo added a fourth gateway destination to its Chinese network with the introduction of weekly flights to Wuhan Tianhe International Airport in the Hubei province of China. The inaugural flight arrived in the Hubei Province on 29th April. The airline currently offers five passenger flights...

Australia launched its biggest defense overhaul in decades, vowing to turn a military that is "no longer fit for purpose" into a fighting force that could deter China or any would-be foe. Defense Minister Richard Marles unveiled a strategic review that called for using missiles, submarines and cyber tools to...

China insisted it respects the sovereignty of all ex-Soviet countries, after comments by its ambassador to France drew ire in Europe. Lithuania, Estonia and Latvia, the European Union's three Baltic countries, summoned China's envoys to account for Ambassador Lu Shaye questioning the sovereignty of former Soviet states.