China's factory gate prices fall at fastest pace in 7 years
China's factory-gate prices fell at the fastest pace in over seven-and-a-half years in June, while consumer inflation was at its slowest since 2021, adding to the case for policymakers to use more stimulus to revive sluggish demand.
2023-07-10 15:16
South Korean shoppers hoard salt and seafood ahead of Japan's release of radioactive water
In many supermarkets across South Korea, one item has conspicuously vanished from shelves: salt.
2023-07-10 11:27
The world is big enough for US and China, Yellen says as she concludes Beijing trip
The world is big enough for both the United States and China to thrive, US Treasury Secretary Janet Yellen said Sunday as she wrapped up a visit to Beijing aimed at stablizing the relationship between the world's two largest economies.
2023-07-09 10:21
Yellen urges China to back global funds to fight climate change
US Treasury Secretary Janet Yellen urged China on Saturday to combat the "existential threat" of climate change by supporting international funds intended to help developing countries confront the crisis.
2023-07-08 13:54
Yellen expresses 'concern' about China's export curbs on strategic raw materials
Beijing's newly unveiled export controls on two strategic raw materials critical to the global chipmaking industry are a "concern," US Treasury Secretary Janet Yellen told a group of executives in China on the first day of her trip to the country, where she will try to stabilize bilateral relations after a particularly difficult period.
2023-07-07 14:54
4 things making it harder for Janet Yellen to repair the US-China relationship
As US Treasury Secretary Janet Yellen gears up Friday for two days of meetings with officials and economists in Beijing, she has a tough job: to stabilize a fractious relationship that worsened this week when China retaliated in a tech war with the United States.
2023-07-07 08:55
Moderna inks deal to make mRNA medicines in China
US drugmaker Moderna has signed a deal to make mRNA medicines in China as part of its first major investment in the country, despite escalating trade and political tension between Washington and Beijing.
2023-07-06 14:49
Tesla's China deliveries account for more than half of global sales
Tesla's deliveries from its Shanghai factory more than doubled in the second quarter, accounting for over half of its record global sales, according to a Chinese trade group.
2023-07-05 13:51
China is lining up a Harvard-trained economist as its next central bank chief
China has named an economist who studied at Cambridge University and Harvard University to a key political post at its central bank that could position him to eventually replace governor Yi Gang.
2023-07-03 17:25
This Chinese company will pay its workers $140 million to have kids
China's Trip.com, one of the world's largest online travel agencies, is introducing new childcare subsidies worth 1 billion yuan ($138 million) to encourage its 32,000 employees to have kids.
2023-06-30 19:15
IMF reaches $3 billion staff-level agreement with Pakistan
Pakistan has reached a staff-level agreement with the International Monetary Fund (IMF) for a crucial bailout that could help stabilize its flailing economy and lift the South Asian nation out of a crisis that has pushed millions to the brink.
2023-06-30 11:50
Services activity in China drops to weakest level in six months
Activity in China's services industry and construction sector dropped to its weakest level since December, according to data released Friday by the National Bureau of Statistics, as the country's economic recovery continues to lose momentum.
2023-06-30 10:21