China builds space alliances in Africa as Trump cuts foreign aid
On the outskirts of Cairo, a cutting-edge space lab was supposed to be the first in Africa to produce homegrown satellites. Step inside the plant, though, and the made-in-Africa image begins to fade. Satellite equipment and parts arrive in crates from Beijing. Chinese scientists scan space-tracking monitors and deliver instructions to Egyptian engineers. A Chinese […]
Read MoreChina’s counter-tariffs on US goods come into effect
China’s tariffs on some US goods are set to take effect on Monday, as the trade war between the world’s two largest economies intensifies and Donald Trump threatens to impose tariffs on more countries. Beijing announced the tariffs on February 4, after the US imposed a 10% tariff on all Chinese goods. Trump said on […]
Read MoreMarriage rate in China drops 20 percent
Marriages in China fell by 20 percent in 2024, the biggest decline in the country’s history. Despite various incentives from the authorities for young people to marry and have children, there is no benefit. This information was revealed in a government survey. An AFP report on Monday also revealed that more than 6.1 million marriages […]
Read MoreChina challenges Trump tariffs at WTO as package shippers warn of chaos
China filed a World Trade Organization complaint on Wednesday against US President Donald Trump’s new 10% tariff on Chinese imports and his cancellation of a duty-free exemption for low-value packages, arguing the actions are “protectionist” and break WTO rules. Beijing’s request for US trade consultations came as confusion reigned among shippers and retailers over Trump’s […]
Read MoreOil prices jump after Trump imposes tariffs on Canada, Mexico, China
Oil prices jumped at the market open on Monday after U.S. President Donald Trump imposes tariffs on Canada, Mexico and China, raising fears of a trade war and disruption in crude supply from two of the United States’ biggest suppliers. U.S. West Texas Intermediate crude was at $74.27 a barrel, up $1.74, or 2.4%, by […]
Read MoreChina denounces Trump tariff: ‘Fentanyl is America’s problem’
The response stopped short of the immediate escalation that had marked China’s trade showdown with Trump in his first term as president and repeated the more measured language Beijing has used in recent weeks. China’s government on Sunday denounced the Trump administration’s imposition of a long-threatened 10% tariff on Chinese imports while leaving the door […]
Read MoreDutch privacy watchdog to launch investigation into China’s DeepSeek AI
The Netherlands’ privacy watchdog AP on Friday said it will launch an investigation into Chinese artificial intelligence firm DeepSeek’s data collection practices and urged Dutch users to exercise caution with the company’s software. “The AP is (issuing this) warning because of the serious concerns that there are over DeepSeek’s privacy policies … and the way […]
Read MoreHigh-Flyer, the AI quant fund behind China’s DeepSeek
Quantitative hedge fund, High-Flyer, built a 100 billion yuan ($13.79 billion) portfolio using artificial intelligence models to make investment decisions, but in 2023 decided to change track to focus on developing the most cutting-edge AI. In a post on its official WeChat account, Hangzhou Huanfang Technology Ltd Co., as the company is officially called, said […]
Read MoreChina promises to take back illegal migrants after Trump threats
China pledged to accept the return of undocumented Chinese citizens in the US, after President Donald Trump threatened to hit Colombia with tariffs of up to 50% for refusing to take back deported migrants. “China will receive people who are confirmed as Chinese nationals from the mainland after verification,” Chinese Foreign Ministry spokeswoman Mao Ning […]
Read MoreWorld’s largest hydroelectric dam in Tibet, China assures India
China has approved the construction of the world’s largest hydroelectric dam. Through this, Beijing is starting an ambitious project on the eastern side of the Tibetan Plateau that could have a huge impact on neighboring countries. However, China has assured India that it will not seek to benefit itself at the expense of its neighbors. […]
Read More