‘No reasonable person’ can expect China to play by AI rules: Truss October 26, 2023 Liz Truss has urged Rishi Sunak to rescind China’s invite to the government’s landmark summit on artificial intelligence (AI) next week. The short-lived former Prime Minister wrote to her successor asking him to reconsider extending the invitation to Xi Jinping’s government in Beijing. Sunak plans to host foreign government representatives, including US vice-president Kamala Harris, [...]
Why China has opted for more stimulus — and why experts are not convinced it will work October 25, 2023 China is rolling out a fresh stimulus package to support its economy, in a sign that the ruling Communist party is growing anxious at the sluggish performance over recent months.
China’s Country Garden bondholders seek talks after missed bond payments October 19, 2023 Country Garden bondholders are seeking urgent talks with the troubled property developer after it missed a $15m
MI5 boss warns British businesses over Chinese spying risk October 18, 2023 British businesses need to be wary of the risk from Chinese spies, the boss of MI5 warned at an event in California.
China’s GDP growth in third quarter shows economic recovery gaining traction October 18, 2023 Rapidly weakening growth in the world's second-biggest economy since the second quarter prompted authorities to step up their support steps.
Ministers could reopen trade talks with China October 16, 2023 Plans to reconvene a joint trade committee with China are being considered by the government, according to a report. Officials are said to be examining options to strengthen trade ties with the Asian superpower, including relaunching the joint economic and trade committee (JETCO), two people familiar with the discussions told Politico. The UK-China forum has [...]
Chinese developer Country Garden says it cannot meet debt payment deadline October 10, 2023 It had avoided defaults on debt even as rivals such as China's Evergrande, the world’s most heavily indebted property firm.
China: Evergrande shares soar after property developer’s stocks resume trading October 3, 2023 Shares of debt-laden property developer China Evergrande Group soared on Tuesday after they resumed trading in Hong Kong following a suspension last week. By midday, Evergrande’s shares were up nearly 16% after jumping more than 60% early in the session. Evergrande is the world’s most heavily indebted property developer and is at the centre of [...]
War with Taiwan would ‘collapse the Chinese economy’, Cleverly tells Tory conference October 2, 2023 China’s economy would collapse if it went to war with Taiwan, James Cleverly said, as he defended his policy of “clear eyed” engagement with Beijing. The Foreign Secretary said concerns about the strength of China’s economy were already forcing the ruling Communist Party to change course. Cleverly became the first UK Foreign Secretary to visit [...]
China: Manufacturing activity returns to expansion amid hopes economy is stabilising September 30, 2023 China's factory activity expanded for the first time in six months in September, an official survey showed on Saturday, adding to a run of indicators suggesting the world's second-largest economy has begun to bottom out.