China News
China’s efforts to ensure power supply through punishing summer heat are getting a boost from a government trade-in program that’s allowed millions of households to upgrade to more efficient air-conditioners, according to a new report. Source link
China’s People’s Liberation Army (PLA) has conducted live-fire drills involving four-legged robotic platforms equipped with automatic rifles, according to reports from state broadcaster CCTV-7. The exercises were carried out by units of the PLA’s 76th Group Army in a mountainous area of northern China, not far from the Russian border. Footage released by the broadcaster shows the robotic systems—resembling mechanical dogs—integrated into…
Nvidia CEO Jensen Huang has downplayed Washington’s concerns that the Chinese military will use advanced U.S. AI tech to improve its capabilities. Mr. Huang said in an interview with CNN that China’s People’s Liberation Army (PLA) will avoid American tech the same way that the U.S.’s armed forces avoid Chinese products. This announcement comes on…
Chinese Vice-President Han Zheng called for practical cooperation and mutual respect with India as he met the Indian foreign minister in Beijing on Monday. Han said China and India should “steadily advance practical cooperation, respect each other’s concerns and promote the sustained, healthy and stable development of [bilateral] relations”, state news agency Xinhua reported. Jaishankar,…
Welcome to Weather Watch, our weekly newsletter on how the planet’s ever wilder weather patterns are impacting the global economy. Got feedback and forecasts? Write us at weatherteam@bloomberg.net. And sign up here if you’re not on the list already. When there’s volatile weather, revenues of energy and agricultural companies can be put at risk. And…
Donald Trump’s recent spats with Elon Musk – which included threats to deport the South African-born billionaire – have prompted speculation that he might move his business empire to China. That prompted Trump to write on social media earlier this month: “Elon may get more subsidy than any human being in history, by far, and…
Photo: Tasnim news agency Tehran remains committed to working closely with Moscow and Beijing to find a resolution to the ongoing crisis surrounding its nuclear program, according to Iranian Foreign Ministry Spokesman Esmail Baghaei. “Both countries [Russia and China] have repeatedly emphasized their readiness to play a constructive role and contribute to diplomatic processes associated…
China and Serbia will conduct their first joint military training exercise, Peace Guardian 2025, later this month in Hebei Province, northern China, the Chinese Ministry of National Defense announced on Monday. According to ministry spokesperson Senior Colonel Jiang Bin, the exercise will involve special operations troops from both countries and is scheduled for the second…
Bernstein analysts say Starbucks (SBUX, Financials) might be brewing a bold move; selling its China business for as much as $10 billiona step that could help turn things around for the struggling coffee giant. The potential deal isn’t just about cash; it’s about control. Offloading the China stake would make Starbucks more asset-light; reducing exposure…
I’m Malcolm Scott, international economics editor in Sydney. Today, James Mayger, a trade reporter in Beijing, looks at China’s manufacturing dominance. Send us feedback and tips to ecodaily@bloomberg.net. And if you aren’t yet signed up to receive this newsletter, you can do so here. Source link