Category: China

US, allies raise concerns over Chinese hackers

A group of eight countries, including the United States and Australia, are raising concerns over Chinese hacking groups and the threat they pose. The advisory, reported first by The Wall Street Journal, marks an unusual move for Western governments, who joined together to target China’s cyber activity, which they claim is led by the country’s intelligence services. Australia led the warning and marks the first…

Fear of China is behind India’s exuberant display of friendship with Vladimir Putin

President Vladimir Putin and Indian Prime Minister Narendra Modi during a meeting outside Moscow in July 2024 GAVRIIL GRIGOROV via Getty Images India’s Prime Minister Narendra Modi is in Russia to visit its president Vladimir Putin.  It’s a visit that risks annoying India’s ally the US.  Modi hopes his relationship with Putin will help offset China’s power.  When India’s prime minister arrived in Moscow on…

US ambassador accuses China of stirring anti-American sentiment

The United States’ ambassador to China, Nicholas Burns, is accusing Beijing of going against its agreement to repair relations between Chinese and U.S. citizens. After President Biden and Chinese leader Xi Jinping met last year, the duo agreed to boost engagement among regular citizens, but Burns told The Wall Street Journal that China has actively undermined that agreement. For example, the Journal reported, citizens who…

Chinese authorities used bubble wrap to secure a hand grenade kept by villagers for 20 years to smash nuts and...

Footage shows a uniformed officer and two men in hard hats placing a villager’s hand grenade in bubble wrap. Screenshot/Weibo/Baokang Public Security Bureau Chinese police said on Monday that they secured a grenade kept as a hammer by a villager in Hubei. Authorities say they dispatched “professional bomb disposal personnel” to retrieve the explosive. A video published by police showed two men in T-shirts and hard…

Trade between the US and Germany is growing. Concerns over China might be driving the shift.

The US became Germany’s top trading partner in the first quarter of 2024. Vector/Getty Images The US was Germany’s top trade partner in the first quarter of this year, replacing China. Geopolitical tension over the Russia-Ukraine war and electric vehicle competition are shifting global trade. Germany’s economy minister visited China over the weekend to discuss EU tariffs on Chinese EVs. China has been Germany’s top…

China can’t get enough of Elon Musk’s mom

Maye Musk’s book “A Woman Makes A Plan” was a bestseller in China. Zhijian Liu/Getty Images Maye Musk, the mother of Elon Musk, is really popular in China. The model and dietician is also singing Tesla’s praises while in China. Meanwhile Tesla car sales and its market share in China are lagging. Maye Musk, Elon Musk’s mom, is a celebrity in her own right. The…

Chinese retail giants tried to juice spending with iPhone and Lululemon discounts in an annual shopping bonanza

An e-commerce anchor sold 618 promotional goods on a live broadcast at a mall in Hangzhou, China, on June 18, 2024. Cfoto via Getty Images China’s 618 shopping festival faced challenges, despite creative strategies to attract shoppers. Alibaba, ByteDance, and JD.com offered large discounts amid an uncertain economic environment. By one measure, 618 sales — a barometer of consumer health — fell nearly 7% year-on-year….

Apple Intelligence seems to have a ChatGPT-shaped problem in China

Apple Intelligence at WWDC 2024. Apple Apple is betting its future on Apple Intelligence. The new suite of AI features are expected to breathe fresh life into iPhones. Apple may have a problem offering these services in China, its second-biggest iPhone market. If there’s one place Tim Cook could do with Apple Intelligence being a real hit, it’s China. Apple’s spin on generative AI, revealed…

The global spike in luxury handbags, shoes, and clothing sales could be coming to an end due in part to...

Worldwide sales growth of luxury goods is expected to slow in 2024, per a Bain Consultancy report. filadendron/Getty Images Global luxury goods sales growth will slow in 2024, per a new Bain & Company report.  The report cited China’s economic uncertainties and rising outbound tourism as key factors. “Luxury shaming” and price hikes without innovation could also contribute to sluggish sales growth. The spike in…

China Box Office: ‘Haikyuu!! The Dumpster Battle’ Notches Another Chinese Win for Japanese Animation

Japanese animation film “Haikyuu!! The Dumpster Battle” took a clear lead at the mainland China weekend box office – despite only being available for two of three days. Data from consultancy firm Artisan Gateway showed the film scoring $9.8 million (RMB69.4 million) in China, more than double that of second placed film “Be My Friend.” […] Go to Source

China expanding its nuclear arsenal: Report

The Chinese nuclear arsenal is expanding and quickly, according to a new report from the Stockholm International Peace Research Institute (SIPRI) published Monday. The number of operational nuclear warheads globally is increasing every year, the report found, with the most rapidly-increasing stockpile belonging to China. The Institute predicted the Chinese arsenal of active intercontinental nuclear missiles could grow to match the American and Russian armaments…

China became the world’s factory by selling cheap goods. This strategy won’t work for EVs.

A large number of Chinese-made cars and construction machinery are gathering at the port of Yantai, waiting to be loaded for export. Costfoto/NurPhoto/Getty Images China, the world’s factory, is known for producing affordable goods quickly. But China EV makers shouldn’t leverage on their price advantage in the long run as it’s not sustainable, said a Bain consultant. The EU will impose up to 48.1% tariffs…

Why Are Japanese Anime Films Enjoying Outsized Success in China? The Answer Is a Combination of Culture, Politics and the...

Reminiscent of the outsized Chinese box office success once enjoyed by a certain genre of Hollywood movie – think “Expendables 3,” Pacific Rim” and “Transformers: Age of Extinction” – some Japanese anime films are now earning more in China than they are in their native Japan. Last year, “Suzume” (pictured above) earned $117 million in […] Go to Source

China just showed how easily one of its massive drills around Taiwan could escalate into something worse

A screen grab captured from a video shows the Chinese People’s Liberation Army’s Eastern Theater Command launching large-scale joint military exercises around Taiwan with naval vessels and military aircraft in China on May 24, 2024. Feng Hao/PLA/China Military/Anadolu via Getty Images China conducted massive drills around Taiwan last month, surrounding the island. It demonstrated how easily China can launch a drill with little to no…

Modi is on a mission to assert India’s global power. His election setback won’t deter him.

India’s Prime Minister Narendra Modi flashes victory signs at the Bharatiya Janata Party headquarters in New Delhi on June 4, 2024. MONEY SHARMA via Getty Images India’s Prime Minister Narendra Modi won a narrower-than-expected reelection victory.  But the setback likely won’t deter his global ambitions.  Modi wants to make India into one of the world’s major powers.  India’s Prime Minister Narendra Modi emerged from Tuesday’s…

A collapsed pipe tunnel that killed 3 people is being blamed on an intern who worked as a quality inspector

Photos and surveillance footage show the worksite where a tunnel collapsed and killed three construction workers in Jinan. Jinan Emergency Bureau Authorities are blaming an intern for a construction firm in China for a tunnel collapse. The intern, Wang Nianpu, is named “mainly responsible” and criminally liable while his bosses face fines. Wang was supposed to deliver an important stop-work order but failed to do…

China Box Office: ‘Doraemon the Movie: Nobita’s Earth Symphony’ Wins Opening Weekend, Ahead of ‘Garfield’

Two foreign-made animation movies opened on top of the mainland China box office over the latest weekend. Japanese film, “Doraemon the Movie: Nobita’s Earth Symphony” landed in first place, ahead of “The Garfield Movie,” though the match-up was not like-for-like. According to data from consultancy Artisan Gateway, “Doraemon” earned $12.6 million (RMB89.5 million) over the […] Go to Source

China lands a spacecraft on the far side of the moon

A Chinese spacecraft successfully landed on the far side of the moon on Sunday, marking a major achievement for the country and a growing 21st century space race with the U.S. The Chang’e-6 lunar probe — named after the Chinese mythical moon goddess — landed at about 6:30 a.m. Beijing time in the South Pole-Aitken Basin, a large crater. The probe is set to collect…

Biden must resist the WHO’s power grab

The once-in-a-century COVID pandemic was fueled by China’s obstruction and obfuscation and the World Health Organization’s (WHO) mismanagement. Yet WHO has considered a pandemic treaty that does not hold Beijing accountable for COVID-19. Problematically, the treaty also expands the organization’s bureaucracy and transfers national decisions to international bureaucrats in Geneva.   First and foremost, the draft accord fails a simple test: If it had been…

‘Bad Boys: Ride or Die’ Sets Mainland China Theatrical Release

Columbia Pictures’ action-comedy movie “Bad Boys: Ride or Die” is set to play in cinemas in mainland China from June 22, it was announced on Thursday. Starring Will Smith and Martin Lawrence, the film is the fourth in the nearly 30-year-old Bad Boys franchise. It sees the titular Miami cops investigate corruption in the police […] Go to Source

China wants to turn the yuan into a global currency out of fear of sanctions, not domination

China is playing defense more than offense in its promotion of the the Chinese yuan internationally. Sheldon Cooper/SOPA Images/LightRocket/Getty Images China is pushing yuan use globally to guard against potential Western sanctions. Beijing aims to reduce risks from sanctions in geopolitical tensions, like over Taiwan. But China’s trade partners face challenges in using more yuan. China is on a drive to expand the use of…

Chinese EV makers, and their connected vehicles, targeted by new House bill

Chinese EV manufacturers face a new challenge in their pursuit of U.S. customers: a new House bill that would limit or ban the introduction of their connected vehicles. The bill, introduced by U.S. Rep. Elissa Slotkin, comes as the trade war between the U.S. and China heightens in the aftermath of the Biden administration’s decision […] © 2024 TechCrunch. All rights reserved. For personal use…

China Box Office: ‘The Last Frenzy’ Keeps Theatrical Lead as Momentum Slows Further

“The Last Frenzy,” a comedy film about a dying man’s last hurrah, retained the top spot in mainland Chinese cinemas for the third weekend of its four weeks on release. Other signs of theatrical malaise were plentiful. “The Last Frenzy” earned $5.8 million (RMB41.5 million) between Friday and Sunday, according to data from consultancy firm […] Go to Source

China’s gold rush shows the Chinese still have money to spend — they’re just not into Starbucks or Gucci

China’s gold rush has sent gold prices to record highs. Ni Lifang/VCG/Getty Images China’s gold buying is sending prices to record highs amid economic uncertainties. China’s consumers are hedging risks, avoiding luxury brands like Starbucks and Gucci. Instead of premium imported brands, they are pivoting to buying cheaper domestic brands for discretionary products. China’s buying up a lot of gold, sending prices of the precious…

China wants its nepo-baby and get-rich-quick influencers gone

A woman takes a selfie on a yacht. Kamon Supasawat/Getty Images China’s social media is cracking down on influencers trying to get famous by showing off wealth. Some of its biggest platforms said they’ve removed thousands of posts of luxury flaunting. All of the companies announced bans on the same day, indicating an industry-wide push for reform. Wealth-flexing for clout is now officially bad behavior…

China’s $10,000 EV is coming to Europe. Sorry, America.

The BYD Seagull. VCG via Getty Images Chinese EV company BYD plans to introduce its bargain hatchback Seagull to Europe in 2025. The car’s base model sells for less than $10,000 in China. Meanwhile, automakers operating in the US are still slow to provide a more affordable EV option.  As some US drivers pine for more affordable electric vehicle options, America is left to watch…

China’s military is surrounding Taiwan, sending its new president an unmistakable message

A pair of Chinese warships in St. Petersburg in 2017 for a ship parade marking Russian Navy Day in Russia. Valya Egorshin/NurPhoto via Getty Images China began conducting military drills around Taiwan after Lai Ching-te became president. Chinese fighter jets, frigates, and destroyers have been active during the exercise. China’s actions are seen as punishment for Taiwan’s separatist stance amid rising tensions. The Chinese armed…

The world’s stock markets are so hot that even China’s on a rally. Analysts say it’s not over yet.

US stock market indices are at record levels. Spencer Platt/Getty Images Global stock markets are hitting record highs, driven by economic optimism and potential rate cuts. China’s stock markets are rallying on attractive valuations and government stimulus measures. Investors are shifting funds to China as they seek profits from rising valuations in other markets. The world’s major stock markets are on a tear as indexes…

Neither Russia nor China wants the Ukraine war to end, but for different reasons

Russian President Vladimir Putin meets Chinese leader Xi Jinping in Beijing on May 16, 2024. Kremlin/Handout/Reuters 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,…