China's manufacturing activity contracted again during the month of August, as reflected by the PMI manufacturing index, which stood at 49.7 points from 49.3 the previous month, thus accumulating five consecutive months below the stability threshold of 50 points, according to data published this…
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China
China cut tax on stock transactions
In an effort to reinvigorate confidence in its stock market, China took a bold step by announcing a drastic measure. The Asian country has cut the tax on stock transactions in half, marking the first change of its kind since 2008. The…
China resumes commercial flights with North Korea
The reopening of commercial flights between China and North Korea was announced this Monday, after a long suspension since the start of the Covid-19 pandemic.
With the participation of the North Korean airline Air Koryo, travelers between…
Biden signed an order limiting certain investments with Chinese companies
US President Joe Biden has signed an executive order placing limits on US investments in certain Chinese tech companies, a move that could escalate tensions between the two nations. This move, one of the most prominent taken by the Biden…
China to limit minors’ access to the Internet on their cell phones
The Cyberspace Administration of China (CAC) department published on Wednesday its intentions to limit access to the Internet to two hours a day for those under 18 years of age through their cell phones.
Shares of technology companies…
Biden extends emergency over China’s actions against Hong Kong
The president of the United States, Joe Biden, announced the extension for one year of the emergency declaration due to China's actions against Hong Kong and the "threat" that this poses to Washington.
"The situation regarding Hong Kong,…
India pays for Russian oil imports in yuan
India's refinery, IndianOil, would be the first in the world to start paying for Russian oil imports in yuan, China's official currency.
As part of the proposal to de-dollarize their international transactions, various countries have…
China reaches the figure of 20 million electric cars manufactured
China has reached an unprecedented milestone in the production of new-generation vehicles, reaching a staggering 20 million units manufactured, according to state media reports.
The milestone occurred with the departure of the emblematic…
Brent barrel price could reach $ 90
The price of Brent will rise in the short term, reaching up to 90 dollars per barrel if China recovers and the actions taken by the President of the United States Federal Reserve, Jerome Powell, prevent a recession in the United States.…
China inaugurated its embassy in Honduras
This Monday, the embassy of the People's Republic of China in Honduras was officially inaugurated, as a new step after the reestablishment of relations between the two countries on March 26.
During the inauguration ceremony of the…
Artificial intelligence has different approaches by region
The European Union advocates a development of Artificial Intelligence centered on people and promoted by public policies, while in the United States the promoter is the private sector "guided by economic objectives" and in China "control of…
Armstrong: “China is getting ahead of the US in the crypto industry”
Coinbase CEO Brian Armstrong has expressed concern about the regulatory uncertainty facing the cryptocurrency industry in the United States, arguing that this is allowing other countries, especially China, to seize the opportunity and…