The Biden administration is weighing additional curbs on sales of semiconductor equipment and AI memory chips to China that would escalate the U.S. crackdown on Beijing’s tech ambitions but stop short of some stricter measures previously considered, according to people familiar with the matter. The restrictions could be unveiled as soon as next week, said…
(Bloomberg) — Two of the world’s biggest foreign holders of US government debt offloaded a pile of Treasuries in the third quarter as they rallied before the presidential election. Most Read from Bloomberg Japanese investors sold a record $61.9 billion of the securities in the three months ended Sept. 30, data from the US Department…
(Bloomberg) — Asian equities pared an earlier advance Friday as investors awaited the outcome of a key legislature meeting in China that’s expected to unveil policy support to boost flagging growth. Most Read from Bloomberg China’s CSI 300 Index swung to a decline as traders debated whether any measures from the meeting of the Standing…
President Bola Tinubu has said the cordial relations Nigeria enjoys with France, China and Denmark over the years should translate to mutual economic benefits for citizens, particularly in key areas of education, health, and infrastructure. The President assured of expanding economic diplomacy during a ceremony at the State House, Abuja, to receive Letters of Credence from the…
Since it debuted in 2017, The Rap Of China, a televised music competition, has drawn multiple billions of views from music fans in the Greater China region. Now, the show has a new recorded music distribution partner: Universal Music Group. Universal Music Greater China (UMGC), a division of UMG, has today (October 18) announced a…
(Removes extra number in paragraph 17) By Stephen Culp NEW YORK (Reuters) -U.S. stocks were led higher by technology shares while crude prices dipped on Monday as investors, amid light Columbus Day trading, looked past signs of economic softness in China and girded themselves for a string of high-profile corporate earnings reports. Megacap tech-adjacent growth…
(Bloomberg) — China’s highly anticipated Finance Ministry briefing on Saturday lacked the firepower that equity investors had hoped for, indicating that the volatility that’s gripped the market following a world-beating rally will likely extend. Most Read from Bloomberg While Finance Minister Lan Fo’an promised more support for the struggling property sector and hinted at greater…
BEIJING (Reuters) -China’s passenger vehicle sales rose 4.3% in September from a year earlier, snapping five months of decline with a boost from a government subsidy to encourage trade-ins as part of broader stimulus package. Sales in the world’s biggest auto market hit 2.13 million vehicles in September, up from 2.04 million a year earlier….
A construction site in the Fangshan district of Beijing in 2013. Tomohiro Ohsumi | Bloomberg | Getty Images China’s economic growth rate is expected to decline further in 2025 despite a temporary boost from a raft of recent stimulus measures, according to the World Bank. The international lender estimated that China’s growth rate would drop…
A man walks past a housing complex by Chinese property developer Evergrande in Guangzhou, China’s southern Guangdong province on September 17, 2021. Noel Celis | Afp | Getty Images Shares of Chinese property developers rallied on Monday after major cities in mainland China unveiled easing measures to boost homebuyer sentiment, following the central bank’s blitz…
