Once upon a time, a Chinese billionaire named Wang Jianlin had big plans for Hollywood. He bought AMC Theaters and even tried to purchase a major film studio, Paramount Pictures. Wang's company, Wanda Group, also snapped up Legendary Entertainment, the maker of hits like "Dune" and "Godzilla x Kong:
On Monday, China pushed the limits by flying its largest number of warplanes around Taiwan during military drills. This move was a response to Taiwan's new president, Lai Ching-te, who spoke about protecting the island's sovereignty. The drills involved fighter jets, drones, warships, and coast guar
Two new giant panda friends, Bao Li and Qing Bao, have just moved into the National Zoo in Washington, D.C. They're only 3 years old but already super important for U.S.-China relations. After some tense times, it seems the two countries are trying to be friends again, using the pandas as a sign of
China has kicked off major military drills around Taiwan, calling it a “stern warning” against the island's independence push. Taiwan's Defense Ministry condemned the exercises as “unreasonable provocation.” The drills, dubbed Joint Sword-2024B, involve China’s army, navy, air force, and rocket forc
China staged military drills near Taiwan as a response to Taiwanese President Lai Ching-te's recent speech. The drills, named "Joint Sword-2024B," involved different branches of the Chinese military. They were conducted around the north, south, and east of the island. The goal was to test their join
This week, China is putting a new tax on brandy coming from the European Union. Customs officials will start collecting deposits, around 30.6% to 39% of the brandy's value, from companies importing the drink. This change comes after a previous decision in August not to impose any taxes, despite find
The Senate Finance Committee met recently to discuss extending two important trade programs: the African Growth and Opportunity Act (AGOA) and the Generalized System of Preferences (GSP). These programs help remove trade barriers for African goods coming into the U.S. AGOA is due to expire next year
California Governor Gavin Newsom vetoed a bill aimed at regulating large AI models before their release to the public. He criticized the legislation for applying strict standards to basic functions and not focusing enough on potential risks from the technology. The governor encouraged lawmakers to r
China's defense industry has been on a mission to modernize its forces, but it seems a major setback has occurred. The newest nuclear-powered submarine, part of the country's ambitious Zhou-class line, has reportedly sunk pierside earlier this year. The incident has left many wondering about the Chi
China's economy is getting a much-needed boost with a series of bold policy moves. The country's central bank has slashed the mortgage rate for existing homeowners, while also reducing the amount of cash commercial banks must hold in reserve. This means banks will have more money to lend to real est
