Chinese Ambassador Labels US-China Competition as Unfair Bullying
Chinese Ambassador Xie Feng criticizes the US for unfairly challenging China through sanctions and export pressures, urging for fair competition and cooperation.
Business
Insights on global markets, startups, tech giants, and economic trends shaping the G20 and beyond.
IMF Alerts: US Fiscal Deficit Threatens Global Economic Stability
The IMF warns that the U.S. fiscal deficit, projected to reach 7.1% of GDP, poses significant risks to the global economy, urging policy action to address spending imbalances.
U.S. Sinophobia: Threatening Global Stability and Economic Collaboration
The U.S.’s growing fear of the Chinese mainland threatens global stability and economic collaboration, with recent moves like the TikTok ban highlighting escalating tensions.
IMF Chief Economist Warns Trade Restrictions Will Backfire
IMF economist warns that trade-restrictive measures may distort trade and harm the very countries implementing them.
Debunking Myths: China’s Clean Energy Products Amid Global Climate Needs
Exploring the debate on China’s clean energy product overcapacity and its impact on global climate goals amidst US and EU perspectives.
China’s Trade Body Urges U.S. to End Section 301 Probe
China’s trade promotion agency urges the U.S. to stop the Section 301 investigation into its maritime and shipbuilding sectors, advocating for a return to multilateral trade norms.
China to Surpass G7 as Leading Global Economic Power by 2029
China is set to become the world’s top economic power, surpassing the G7 countries combined by 2029, according to an IMF forecast reported by Bloomberg.
Ted Baker Shuts 11 UK Stores as High Streets Face Decline
Ted Baker closes 11 UK stores, highlighting the ongoing decline of high street retailers and the challenges facing traditional brick-and-mortar businesses.
Chinese Mainland Sees 140% Surge in May Day Travel to Smaller Cities
This May Day, travelers in the Chinese mainland are exploring smaller cities, with bookings up 140%! Discover why destinations like Tianshui, Xuzhou, and Zibo are trending.
China’s Financial Overhaul: CSRC to Reduce Mutual Fund Trading Fees by 38%
China’s Securities Regulatory Commission unveils new rules to cut mutual fund trading fees by 38%, aiming to save investors $2.9 billion annually and enhance the transparency of the public fund industry.