A Chinese court has sentenced Wang to eight years in prison and a fine of 550,000 yuan for fraudulent fundraising using AI-generated digital collectibles on a blockchain. This […]
Trump Considers Tariffs on China for Russian Oil Purchases: Impact on Trade and Markets
The Trump administration is considering imposing tariffs on Chinese oil purchases from Russia, potentially altering global trade dynamics and impacting energy markets. This action follows a 25% tariff […]
China’s Economy Faces Mounting Pressure as Consumers Pull Back
China is grappling with a deepening economic downturn fueled by a significant decline in consumer spending. The nation continues to be affected by the ongoing real estate crisis, […]
Trump Extends China Tariff Suspension Until 2025
President Trump has extended the suspension of tariffs on Chinese imports, citing the country’s ongoing economic difficulties in trade talks with the US. This decision will keep a […]
Trump Delays China Tariff Action, Punishing India for Russian Oil Imports
U.S. President Donald Trump has chosen not to target Chinese oil imports from Russia, despite imposing tariffs on India just days ago over continued purchases of Russian crude. […]
Trump Holds Back Sanctions on China’s Russian Oil Purchases
President Trump has decided against imposing sanctions on China for purchasing Russian oil, despite the U.S.’ recent imposition of tariffs on India for similar actions. This decision may […]
China’s Economy Slows Down as Retail Sales and Investment Decline
China’s economic growth has weakened considerably in July. Industrial output expanded at a slower pace than in June, rising just 5.7% year-on-year, while retail sales saw the slowest […]
Applied Materials Plunges 14% Amid Weak China Demand and Earnings Slump
Applied Materials’ stock price plummeted over 14% in pre-market trading on August 15, 2025, due to weak demand from China and disappointing earnings guidance. The decline highlights the […]
China Intensifies Cryptocurrency Sanctions Campaign, Targeting Lithuania’s Banks
China has taken a new step in its crypto sanctions campaign, targeting two Lithuanian banks – UAB Urbo Bankas and AB Mano Bankas – with the move announced […]
DeepSeek Delays R2 AI Model Launch Due to Huawei Chip Issues
Chinese AI company DeepSeek has postponed the launch of its latest AI model, R2, due to persistent technical challenges with Huawei’s Ascend chips. After local authorities encouraged the […]
China’s FX Reserve Dip Amidst Strong Trade Surplus Explained
China’s foreign exchange reserves have seen a slight decline despite a record trade surplus. This seemingly paradoxical situation reveals intricate dynamics within the Chinese economy, driven by capital […]
Chinese Capital Flows to Indonesia Amid U.S. Tariffs
In a strategic shift amidst escalating US tariffs, Chinese investors are increasingly channeling capital towards Indonesia. During the first half of 2025, investments reached $8.2 billion, seeking to […]
Chinese Investors Shift Capital to Indonesia Amid Tariffs
Facing increased U.S. tariffs, Chinese investors are shifting capital towards Indonesia to mitigate economic risks. This trend resulted in a significant surge of investments during the first half […]
Guizhou Official’s Bitcoin Mining Allegations Defeated by Authorities
Chinese authorities have dismissed allegations that former Big Data Bureau director Jing Yaping mined Bitcoin using government resources, refuting claims of 327 Bitcoins being mined. The Guizhou Provincial […]
Neon Machine Secures $19.5 Million to Launch Shrapnel in China
Seattle-based Neon Machine secured a significant investment of $19.5 million for the global launch of its game, Shrapnel, with a special focus on the Chinese market. This funding […]