China’s Baidu to launch paid driverless ride-hailing services in Beijing

Baidu will launch paid driverless robotaxi services in Beijing from May 2, the Chinese tech giant said on Thursday, making it the among the first companies in the country to offer autonomous driving robotaxi services to paying users. Baidu’s driverless Apollo Robotaxi, to be launched in the Chinese capital’s Shougang Park, will operate without a … Read more

After a bitcoin crackdown, China now calls it an ‘investment alternative’ in a significant shift in tone

BOAO, China — China’s central bank is now calling bitcoin an “investment alternative” — marking a significant shift in Beijing’s tone after a crackdown on cryptocurrency issuance and trading nearly four years ago. Industry insiders called the comments “progressive” and are watching closely for any regulatory changes made by the People’s Bank of China (PBOC). … Read more

US adds Chinese supercomputer centers to export blacklist

The United States on Thursday restricted trade with top Chinese supercomputing centers, saying that Beijing‘s growing efforts in the field could have military uses that pose dangers. The seven centers or entities were put on the US government’s entity list, which means they require special permission for exports and imports from the United States. “Supercomputing … Read more

China calls on WHO to respect scientists’ Covid origin findings

China called on the World Health Organization to take the lead in respecting the conclusions of scientists, a day after the international organization’s director-general faulted the findings of a mission to study the origins of Covid-19 in China. “We need to respect science and respect the opinions and the conclusions reached by scientists,” Chinese Foreign … Read more

New signs show that China is cracking down on debt again

A woman walks past the headquarters of the People’s Bank of China in Beijing, China. Jason Lee | Reuters BEIJING — Data for the year so far show signs that China is starting to crack down on debt. A first-quarter survey by the China Beige Book released Thursday found that borrowing by state-owned enterprises dropped … Read more

Taiwan says has begun mass production of long-range missile

Taiwan has begun mass production of a long-range missile and is developing three other models, a senior official said on Thursday, in a rare admission of efforts to develop strike capacity amid growing Chinese pressure. China, which claims democratic Taiwan as its own territory, has stepped up military activity near the island, as it tries … Read more

Taiwan loses two fighter jets in apparent collision, third such crash in six months

Two Taiwanese fighter jets crashed on Monday in the third such incident in the past half year, at a time when the Beijing-claimed island’s armed forces are under increasing pressure to intercept Chinese aircraft on an almost daily basis. While Taiwan‘s air force is well trained and well equipped, mostly with U.S.-made equipment, it is … Read more

Biden administration signals India is an important partner in tackling China

Indian Defense Minister Rajnath Singh and U.S. Defense Secretary Lloyd Austin sit to deliver a joint press statement at Vigyan Bhawan, on March 20, 2021 in New Delhi, India. Sonu Mehta | Hindustan Times | Getty Images The United States sees India as one of its most important partners in dealing with China’s growing ambitions … Read more

U.S.-China trade relations remain strained as Biden team takes tough stance similar to Trump

The outlook for U.S.-China trade relations is likely to remain challenged after this week’s high-level diplomatic talks showed that President Joe Biden’s team does not plan to wholly abandon the Trump administration’s tough tone in discussions with Beijing. Though Washington and Beijing struck a ceasefire in their tit-for-tat trade feud with last year’s “phase one” … Read more

First U.S.-China meeting under Biden gets off to a rocky start

U.S. Secretary of State Antony Blinken (2nd R), joined by national security advisor Jake Sullivan (R), speaks while facing Yang Jiechi (2nd L), director of the Central Foreign Affairs Commission Office, and Wang Yi (L), China’s foreign minister at the opening session of U.S.-China talks at the Captain Cook Hotel in Anchorage, Alaska on March … Read more