By Kevin Yao BEIJING, Jan 21 (Reuters) – China is planning to introduce new measures to promote consumption of services, betting that elderly care, healthcare and leisure can offset tepid demand for goods, although analysts say the plan’s success depends on raising household incomes and social well-being. Beijing sees labor-intensive services as key to reorienting…
A Solana-themed event in southern China that was disrupted after a local politics investigation has raised concerns in the country’s cryptocurrency community amid fresh warnings from Beijing about the risks of stablecoins, even though organizers attributed the disruption to overcapacity. Chinese blockchain community Solana said on its official social media account that the Solana Accelerate…
(Reuters) – China’s economic growth slowed to the weakest pace in a year in the third quarter, matching expectations, as a prolonged real estate slump and trade tensions hurt demand, keeping pressure on authorities to deliver more stimulus to shore up momentum. Data on Monday showed gross domestic product (GDP) grew 4.8% in July-September, slowing…
(Reuters) – China’s economic growth slowed to the weakest pace in a year in the third quarter, matching expectations, as a prolonged real estate slump and trade tensions hurt demand, keeping pressure on authorities to deliver more stimulus to shore up momentum. Data on Monday showed gross domestic product (GDP) grew 4.8% in July-September, slowing…
By Joe Cash BEIJING (Reuters) – Chinese exports of rare earth magnets fell in September, reigniting fears that the world’s top supplier could exert its dominance over a key component for U.S. defense companies and makers of items from cars to smartphones as leverage in trade negotiations. In April and May, Beijing pressured global automakers…
WASHINGTON (AP) — China likes to condemn the United States for reaching too far outside its borders to make demands on non-U.S. companies. But when it tried to strike back at American interests this month, Beijing did exactly the same thing. Expanding rare earth export rules, Beijing announced for the first time that it will…
By Michael Holden LONDON (Reuters) – Prime Minister Keir Starmer on Wednesday rejected accusations that Britain tried to appease China by dropping prosecutions against two men accused of spying for Beijing, saying the decision was based on legal constraints, not political reasons. In an unexpected move, British prosecutors last month dropped charges against the men…
Washington (AP) – just a month after the Chinese president, Xi Jinping, proposed his “global governance initiative,” Beijing made clear his intention in most global forums, which he should, and is qualified to help shape the world order, even when the United States leans more inside Donald Trump. In a speech apparently full of jargon…
