In the ongoing tension between the US and China, a cybersecurity group in China has raised alarms about Intel's chips. The Cybersecurity Association of China (CSAC) says Intel's chips have frequent problems that threaten national security. They claim these chips can be hacked through backdoors creat
China's economy grew by 4. 6% in the third quarter, the slowest pace in six quarters. This news came with a surprise: the country's central bank announced two new programs to boost the stock market. These programs could inject around $112. 6 billion into the market. This happened even as China's sta
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
China's Finance Minister, Lan Fo’an, hinted at possible economic boosts on Saturday but didn't reveal any concrete plans. This comes after the economy's slow recovery from COVID-19 restrictions lifted in late 2022. Companies are cautious, cutting back on jobs and pay, while a struggling property mar
China, the world's second-largest economy, is facing a prolonged economic slowdown. The country's factory activity has contracted for five straight months, with a purchasing managers' index (PMI) reading of 49.8 in September. While this is higher than expected, it still indicates a contraction in ma
As the United Nations General Assembly gathered to address pressing global issues, China's foreign minister, Wang Yi, took center stage to reiterate his country's commitment to promoting peace and stability around the world. With a focus on the ongoing conflict in Ukraine, Wang emphasized the import
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
