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
On Monday, China added a special touch to its military exercises near Taiwan. For the first time, one of its massive coast guard ships, known as a "monster ship," joined the drills. This ship, with the hull number 2901, is the largest coast guard vessel in the world, weighing in at 12,000 tons. The
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
China's Ministry of Finance recently held a press briefing, highlighting its focus on resolving local government debt issues rather than providing the economic stimulus markets were hoping for. Finance Minister Lan Fo'an outlined four key measures to support local governments in managing debt risks.
On a quiet Saturday morning, China's Ministry of Finance met with the press to chat about local debt issues and the health of the property market. They let everyone know that the central government might step in to help, even if it means bumping up the deficit. But, they didn't share any numbers abo
Lately, China's economy hasn't been having the smoothest ride. After the government released a stimulus package, the Shanghai and Hong Kong stock markets took a dive. Why? Because investors felt the measures didn't hit the mark. All this is happening while youth unemployment is high, prices are risi
China's Finance Minister Lan Fo'an hinted at increasing the deficit during a recent press briefing, suggesting greater fiscal flexibility. He stressed that the opportunity to do so is "quite substantial," but further discussions are ongoing. Economists have been calling for more financial backing fr
