Category: China
China’s yuan on the rise in oil trade, but petrodollar here to stay: report
Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. Helped by digital yuan and advancements in financial tech, more yuan-backed transactions are taking place in crude settlement. https://www.scmp.com/economy/global-economy/article/3295048/chinas-yuan-rise-oil-trade-petrodollar-here-stay-report?utm_source=rss_feed
Read MoreApple trails Huawei, Vivo in China smartphone market in 2024, iPhone leads fourth quarter
Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. iPhone shipments plummeted 25 per cent in China last quarter, pushing Apple to third place for the year amid rising competition. https://www.scmp.com/tech/big-tech/article/3295034/apple-trails-huawei-vivo-china-smartphone-market-2024-iphone-leads-fourth-quarter?utm_source=rss_feed
Read MoreUS executive order targets China, other alleged cyberattackers days before Joe Biden exits
Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. Rules include tougher standards to ensure software is more secure and bolster sanction authority against likes of Beijing. https://www.scmp.com/news/china/article/3294937/us-executive-order-targets-china-other-alleged-cyberattackers-days-joe-biden-exits?utm_source=rss_feed
Read MoreChina’s local governments raise minimum wages to boost consumption
Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. Sizeable middle- and low-income groups seen as key to expanding domestic demand and stimulating economic growth. https://www.scmp.com/economy/china-economy/article/3295043/chinas-local-governments-raise-minimum-wages-boost-consumption?utm_source=rss_feed
Read MoreChina accuses PVH Group of ‘inappropriate conduct’ on Xinjiang matters
Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. Ministry of Commerce levels accusation against parent company of Calvin Klein and Tommy Hilfiger. https://www.scmp.com/economy/china-economy/article/3295032/china-accuses-pvh-group-inappropriate-conduct-xinjiang-matters?utm_source=rss_feed
Read MoreChina’s Xinjiang hosts foreign university students to debunk Western narratives
Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. Top regional official says he hopes students from US and elsewhere will realise ‘slander’ about alleged forced labour is ‘completely a lie’. https://www.scmp.com/news/china/politics/article/3295021/chinas-xinjiang-hosts-foreign-university-students-debunk-western-narratives?utm_source=rss_feed
Read MoreFor Europe, China looms as 2025 economic threat, analysts say amid overcapacity concerns
Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. China seen posing ‘longer competitive challenge and a sort of strategic challenge’ in important industries, and this could reinforce the EU as a US ally. https://www.scmp.com/economy/global-economy/article/3295010/europe-china-looms-2025-economic-threat-analysts-say-amid-overcapacity-concerns?utm_source=rss_feed
Read MoreTech war: US adds Chinese AI unicorn Zhipu to trade blacklist before Biden’s exit
Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. Zhipu AI is among more than two dozen China and Singapore-based companies added to the US Entity List on Wednesday. https://www.scmp.com/tech/tech-war/article/3295002/tech-war-us-adds-chinese-ai-unicorn-zhipu-trade-blacklist-bidens-exit?utm_source=rss_feed
Read MoreXi emphasises opening-up, improving business environment ahead of Trump inauguration
Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. Release of speech trumpeting role of free-trade zones seen as effort to bolster market sentiment ahead of any disruption to Sino-US ties. https://www.scmp.com/economy/china-economy/article/3294965/xi-emphasises-opening-improving-business-environment-ahead-trump-inauguration?utm_source=rss_feed
Read MoreStudy finds that reliance on AI could harm critical thinking in young people
Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. More than 650 people took part in the research, which suggests a link between usage and lower cognitive abilities. https://www.scmp.com/news/china/science/article/3294976/university-rules-ai-may-need-consider-its-effect-critical-thinking?utm_source=rss_feed
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