President Joe Biden signed an executive order on August 9 to block and regulate high-tech U.S.-based investments going toward China— a move the administration said was targeted even though it reflected an intensifying competition between the world’s two biggest powers. The order covers advanced computer chips, micro electronics, quantum information technologies and artificial intelligence. Senior … Read more
The crisis at property giant China Evergrande Group poses a $305 billion conundrum for President Xi Jinping: how to impose financial discipline without fuelling social unrest. With one year before the Chinese president is poised to secure an unprecedented third five-year term, the stakes are high during what is proving to be the most consequential … Read more
Visuals coming in from China Xinhua News shows how commuters are trapped in neck-deep water inside the metro line at the Zhengzhou city (Photo: Twitter/ The Weather Channel India) China: At least 25 people, including 12 subway passengers, have lost their lives in China’s central Henan province as the city witnessed heaviest rainfall in 1,000 … Read more