HONG KONG (AP) — China’s factory activity picked up pace in June, an official survey showed Tuesday, as demand for artificial intelligence hardware made exports robust. The official manufacturing purchasing managers index, or PMI, expanded to 50.3 from 50 in May, better than economists’ expectations, according to the National Bureau of Statistics. That’s despite worries…
NEW YORK (AP) — A self-exiled billionaire Chinese business tycoon once believed to be among China’s wealthiest men was sentenced Monday to 30 years in a U.S. prison for a massive financial fraud that a federal judge said cost over 1,000 people worldwide hundreds of millions of dollars. Guo Wengui, who fled China a decade…
Wu Qing, chairman of China Securities Regulatory Commission (CSRC), speaks at the Lujiazui Forum in Shanghai, China, on Wednesday, June 17, 2026. Qilai Shen | Bloomberg | Getty Images China will crack down on technology themes designed to boost stock prices, the top securities regulator said, signaling Beijing’s growing unease with speculation on the artificial…
TORONTO (AP) — Canada introduced legislation on Wednesday that could bar children younger than 16 from having social media accounts unless the companies show they can make their platforms safe. Canada is joining a growing global effort to tighten safety protections. Canadian government officials said social media platforms can obtain an exemption if they have…
A general view of the office building of Baidu is in Pudong, Shanghai, on Feb. 9, 2026. Ying Tang | Nurphoto | Getty Images The Pentagon added a slew of Chinese companies, including Alibaba Group, Baidu Inc and carmaker BYD, to a list of entities it believes have aided the Chinese military, complicating the fragile…
EVs are prepared for export overseas through frame transportation in Taicang Port Area, Suzhou Port, Jiangsu Province, China, on May 11, 2026. Costfoto | Nurphoto | Getty Images Chinese electric vehicles face crippling tariffs, stringent regulations and fierce opposition from lawmakers and the American auto industry, but there’s a growing possibility that Chinese EVs will…
Tencent’s Chief AI Scientist Yao Shunyu (R) discusses the tech outlook with Tencent CNBC | Evelyn Cheng BEIJING — A former OpenAI researcher is now chief AI scientist for Tencent in China, and wants to build artificial general intelligence. It’s a sign of a shift in the U.S.-China tech race. AI with human-level or above…
A worker pans through ore at a tungsten mine, operated by Trinity Metals Group, in northwest of Kigali, Rwanda, on Friday, May 23, 2025. Bloomberg | Bloomberg | Getty Images The Iran war has caused well-documented price spikes and shortages on a range of items Americans depend upon. Oil and gas, of course, but also…
HONG KONG (AP) — General Mills is selling its Häagen-Dazs ice-cream shops in mainland China to an investor group that includes Chinese tea brand Ningji. Minneapolis-based General Mills said in a statement late Monday that the deal will allow the buyers to exclusively sell the Häagen-Dazs brand in ice cream shops and gifting businesses across…
BANGKOK (AP) — Rescuers working at a flooded cave in Laos said Friday that they were trying to drain water out to help extricate five villagers who have been trapped for more than a week. An overnight rainstorm has complicated their efforts, they said. Meanwhile, searching continues for two more people who still haven’t been…