China

News 2023-09-05T00:48:42Z

Two people have been accused of using an excavator to destroy part of the Great Wall of China to create a shortcut

A man and a woman are being detained in China after being accused of cutting a path through the Great Wall of China.
Tech 2023-09-04T18:04:36Z

Signal's president doubts Elon Musk can successfully turn Twitter into a 'super app' like WeChat

Meredith Whittaker said in a recent interview that factors like competition and government support leave little possibility for a WeChat of the West.
Tech 2023-09-04T13:40:22Z

Meet Colin Huang — the billionaire founder of shopping giant Temu's parent company Pinduoduo — who quit Google to become a serial entrepreneur

Colin Huang resigned from Google in 2007 to set up a series of companies, including ecommerce giant Pinduoduo. Now, he's worth more than $34 billion.
Economy 2023-09-04T10:54:19Z

Never mind deflation and the property crisis - a brain drain could be the next big threat to China's economy

Net emigration has jumped in recent years, with tens of thousands of wealthy people choosing to leave China.
Military & Defense 2023-09-03T20:47:01Z

The US and Chinese air forces are rethinking whether it's possible to control the air

US and Chinese military strategists are realizing that the ability to control the air at "all times over all areas" may be a thing of the past.
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Science 2023-09-03T18:02:57Z

Our human ancestors were almost wiped out about 930,000 years ago, leaving just a tiny group of reproductive individuals, new study suggests

Almost a million years later, that tiny group of human ancestors has now grown to 8 billion people worldwide, according to the study.
Economy 2023-09-03T12:30:01Z

Russia's massive brain drain is ravaging the economy - these stunning figures show why it will soon be smaller than Indonesia's

By some estimates, 86% of those who have left Russia are under the age of 45, and 80% have a college education.
Tech 2023-09-02T14:46:59Z

China's government-approved AI chatbots were released to the public this week. Baidu's chatbot Ernie reportedly says a Chinese military takeover of Taiwan is possible.

The Chinese government recently approved several generative AI chatbots. Bloomberg News tested them out and got some disturbing answers.
Science 2023-09-02T11:55:01Z

Russia dominated the first space race, but now it can't even land on the moon. Photos show the US and China are way ahead.

Russia's grand return to the moon ended with its robotic lander crashing and forming a crater. That doesn't bode well for its lunar ambitions.
Markets 2023-09-02T09:24:28Z

The winners and losers from a so-so August that threatened to stop the 2023 stock market rally in its tracks

August's often a tough month for markets as investors head off on vacation and trading volume plunges – and 2023 proved to be no exception.
Military & Defense 2023-09-01T14:15:13Z

Russia and Ukraine are fighting the kind of drone war the US military has been worrying about, and it's scrambling to prepare for a future that's already here

In the decades after World War II, US troops rarely had to worry about enemy aircraft. Recent wars have shown that they no longer have that luxury.
Markets 2023-09-01T09:09:42Z

China tries again to support its battered economy, bringing in new measures to boost the yuan

The renminbi has plummeted against the dollar this year, with growth stagnating and China battling a property crisis.
Markets 2023-08-31T20:29:40Z

China's property crisis deepens with 87% value wipeout in developers' dollar bonds

An 87% value wipeout for Chinese developers' dollar bonds is symptomatic of the wider crisis facing the nation's property sector, which has seen 53 companies collapse in about two years.
Economy 2023-08-31T17:17:33Z

China's economy isn't on the verge of collapse, and markets are overlooking these indicators, China Beige Book says

There has been a rebound in car, furniture, appliance and luxury purchases, said Shehzad Qazi, managing director of China Beige Book.
Markets 2023-08-31T15:50:45Z

Foreign investors are dumping Chinese stocks at a record level as fear of economic turmoil persists

Net sales by offshore traders on Chinese equity markets totaled $12.4 billion in August alone.
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Politics 2023-08-31T13:32:15Z

Putin is planning another trip to China, report says, a further sign of his dependence on Xi Jinping

China's Xi Jinping is one of few world leaders to have kept close ties with the Kremlin amid the invasion of Ukraine.
Economy 2023-08-31T10:24:22Z

China's economic woes mount as manufacturing continues to shrink

China's factories have been struggling for months because of a slump in global demand and reduced domestic consumer spending.
Real Estate 2023-08-31T09:44:55Z

The Chinese property market may look like it's imploding. But one expert doesn't think it'll cause a financial crisis — and there may even be a bright spot.

Chinese property developers have been over-building for a number of years and the over-capacity can now be absorbed, he said.
Markets 2023-08-30T04:44:14Z

Colin Huang, the founder of the company that owns Chinese shopping app Temu, got $4.3 billion richer after earnings smashed analysts' expectations

Huang is worth $32.8 billion as of August 30, according to the Bloomberg Billionaires Index, making him the 41st richest person in the world.
Economy 2023-08-29T17:36:54Z

China is doing everything it can to conceal the true extent of its economic turmoil

Chinese President Xi Jinping and the Chinese government have a brilliant plan to deal with the country's economic turmoil: hide how bad it is.
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