Alibaba plans AI subscriptions, stablecoin-like payments with JPMorgan
Key Points Alibaba plans to use “tokenization” of payments for cross-border transactions in its business-to-business arm.Kuo Zhang, president…
China’s market regulator Wu Qing appears in public after resignation report
China’s top securities watchdog appeared in public just hours after he was reported to have offered his resignation,…
10,000-year-old impact crater in China reveals meteorite strike equal to 40 atomic bombs
A quiet hillside in southern China holds the mark of something that arrived with enormous force from far…
China’s solar industry vows ‘fight to the end’ against cutthroat competition
China’s solar industry association has pledged to “fight to the end” to curb cutthroat competition driven by oversupply,…
China’s Singles’ Day stumbles as frugal shoppers shrink the world’s biggest sale
JD.com and Alibaba are operating in Suqian City, Jiangsu Province, China, on Dec. 29, 2023. Costfoto | Nurphoto…
Fair wages: China’s young jobseekers take their résumés to trade expos
As China’s youth continue to struggle to find jobs suited to their skills and background, some enterprising hopefuls…
China’s fiscal pivot: tax reform in 5-year plan to protect budgets without crushing firms
As Beijing vows a stronger fiscal role to buttress an economy facing mounting risks, policymakers face a core…
PBOC Forces Rethink of Rate-Cut Path as Goldman Sees Longer Halt
Global lenders like Goldman Sachs Group Inc. retracted calls for further monetary stimulus in China this year after…
China Banks Issue Phantom Loans to Hit Targets in Slow Economy
Jerry Hu, who owns an auto-parts firm in eastern China, was approached in October with a strange request.…
Ford CEO says a ‘shocking’ discovery after taking apart rival Tesla and Chinese EVs led to a ‘brutal’ business decision
Ford CEO Jim Farley said he was struck by a “shocking” discovery when digging into competitors’ vehicles, and…
Canada Pension Plan Raises €815 Million in EDP Share Sale
The Canada Pension Plan Investment Board, one of the world’s largest pension funds, raised about €814.7 million ($942.6…
Have China’s carbon emissions peaked? New analysis shows they haven’t risen in 18 months
China is the world’s largest polluter by total annual emissions. The country, which is heavily reliant on coal…