China says its economy grew 18.3% in the first quarter, slightly missing expectations

China reported first-quarter gross domestic product a touch below expectations as industrial production disappointed but retail sales beat. GDP soared 18.3% in the first three months of the year from a year ago, China’s National Bureau of Statistics said Friday. That’s slightly below expectations of a 19% increase, according to analysts polled by Reuters. The… Continue reading China says its economy grew 18.3% in the first quarter, slightly missing expectations

China could be one step closer to scrapping its controversial childbirth limits

China may be one step nearer to abandoning its controversial policy of restricting childbirth. The central bank released a paper late Wednesday suggesting the country remove limits on how many children people can have, suggesting that China should “fully liberalize and encourage childbirth.” As China’s population began aging, Chinese authorities began several years ago to… Continue reading China could be one step closer to scrapping its controversial childbirth limits

Intelligence Chiefs Say China, Russia Are Biggest Threats To U.S.

The top U.S. intelligence officials on Wednesday provided their assessment of worldwide threats affecting U.S. interests, focusing on cybersecurity and military concerns posed by Beijing and Moscow, but also the threat of both domestic and international terrorism. It was the first such assessment formally presented at a hearing to Congress in two years due to… Continue reading Intelligence Chiefs Say China, Russia Are Biggest Threats To U.S.

Ship from Nigeria has been impounded in China whilst trying to smuggle in 7,200 penises

Former Minister of Aviation, Femi Fani-Kayode    on Twitter, claimed a ship from Nigeria has been impounded while it was trying to smuggle 7, 200 penises into the Asian country. The former minister said this on his Twitter page on Tuesday, April 12. He also claimed Nigeria is the largest exporter of penises. FFK also urged… Continue reading Ship from Nigeria has been impounded in China whilst trying to smuggle in 7,200 penises

Exports shielded China’s economy in 2020, but they won’t drive as much growth this year

China’s economy was buoyed by strong exports last year, but that boost is waning. The country’s customs agency said Tuesday that in dollar terms, exports rose 30.6% in March from a year ago, missing expectations for growth of 35.5%. Looking ahead to the next three months, customs spokesperson Li Kuiwen told reporters that last year’s… Continue reading Exports shielded China’s economy in 2020, but they won’t drive as much growth this year

China’s exports missed forecast in March, while imports rose more than expected

China on Tuesday reported March exports data that missed analyst forecasts while imports for the month rose more than expected. Chinese exports last month jumped 30.6% from a year ago in U.S. dollar terms, lagging the 35.5% increase that analysts polled by Reuters had expected. Meanwhile, the country’s imports in U.S. dollar terms rose 38.1%… Continue reading China’s exports missed forecast in March, while imports rose more than expected

Alibaba shares rise 2% after Beijing orders Ant Group to revamp business

China — Alibaba shares in Hong Kong jumped nearly 4% at the open on Tuesday after regulators ordered the e-commerce giant’s financial technology affiliate Ant Group to revamp its business. That, along with a 18.23 billion yuan ($2.78 billion) fine Alibaba received as a result of an anti-monopoly investigation by regulators, removed a source of… Continue reading Alibaba shares rise 2% after Beijing orders Ant Group to revamp business

Dozens of Hong Kong-listed companies suspend trading on earnings delay

The Hong Kong Exchanges & Clearing Ltd. (HKEX) logo is displayed on a screen at the Exchange Square complex in Hong Kong, China, on Aug. 19, 2020.The Hong Kong Exchanges & Clearing Ltd. (HKEX) logo is displayed on a screen at the Exchange Square complex in Hong Kong, China, on Aug. 19, 2020. Shares of… Continue reading Dozens of Hong Kong-listed companies suspend trading on earnings delay

Theory That COVID Came From A Chinese Lab Takes On New Life In Wake Of WHO Report

Before COVID-19, few scientists would have pegged the Chinese city of Wuhan, in temperate central China, as a likely starting point for a global coronavirus pandemic. Its climate and fauna don’t fit the bill. But the city of 11 million straddling the Yangtze River is home to some of China’s most advanced biological research laboratories.… Continue reading Theory That COVID Came From A Chinese Lab Takes On New Life In Wake Of WHO Report

Biden invites Vladimir Putin and Xi Jinping to climate summit amid rising global tensions

Jinping of China are invited to the global leaders’ climate summit the administration is hosting in April. The president told reporters that he hasn’t directly invited Putin or Xi but said the leaders “know they’re invited” to the summit, an event the U.S. is hosting to advance global efforts to reduce climate-changing fossil fuel emissions.… Continue reading Biden invites Vladimir Putin and Xi Jinping to climate summit amid rising global tensions