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Finance

China’s military budget outpaces economic growth in shift to

China’s military spending will grow at its fastest pace in four years in 2023 and take up a larger share of the economy, underscoring Beijing’s reweighting towards security over development. Defence expenditure will increase by 7.2 per cent in 2023, well ahead of the 5.7 per cent… Read Full Article Here FT

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Finance

Tencent boss Pony Ma left out of China’s signature political

Tencent founder Pony Ma has been left off a list of delegates to China’s annual parliamentary session this week as the country’s most prominent tech leaders lose sway in Beijing. His absence from the signature National People’s Congress is another sign of changing times for China’s… Read Full Article Here FT

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Finance

Xi Jinping set to overhaul China’s economic policy team at

Xi Jinping, China’s most powerful leader since Mao Zedong, is preparing to use the upcoming rubber-stamp parliamentary session to launch a “forceful” overhaul of the government by appointing his most trusted acolytes to oversee the financial, technology and other sectors. The annual… Read Full Article Here FT

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World

‘s Initiative Succeed?Did China’s 12 Point Proposal To End the Russia-Ukraine War Succeed?

China has made a twelve-point proposal to douse the flames of the ongoing Russia-Ukraine war, which might witness the use of nuclear weapons if the escalation continues. No military/political intellectual could have predicted that the war would last more than a year. The war has already seen… Read Full Article Here Source link

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Finance

China’s economy is looking at a new wave of Japanification

The next few months put Japan in line for a series of anniversaries it would probably prefer to forget. But these are dates which the leadership in China may be wise to mark: the detonation of timebombs with counters set ticking by a property bubble. For these are, some would argue, distinctly echoey times. New […]

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World

Blinken Urges China’s Wang Yi Not to Support Russia in Ukraine Conflict

Blinken met China’s Wang Yi in Munich Dispute over ‘spy balloon’ has clouded U.S.-China relations Blinken says China considering sending weapons to Russia Wang calls U.S. response to balloon ‘hysterical’ MUNICH, Feb 18 (Reuters) – U.S. Secretary of State Antony Blinken on Saturday warned top Chinese diplomat Wang Yi of consequences should China provide material […]

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Sports

Momo Zhou: China’s former World Cup of Darts star dies, aged 31

Momo Zhou, who has died, aged 31, became the second female player to feature at the World Cup of Darts, after Anastasia Dobromyslova represented Russia in the 2010 edition Last Updated: 02/02/23 5:40pm Momo Zhou has died, aged 31 (Photo: PDC) China’s former World Cup of Darts star Momo Zhou has died, aged 31. Zhou […]

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Finance

China’s baijiu makers risk hangover from liquor glut despite new

As a huge TV audience tuned in to China’s lunar new year gala last month — equivalent to the US Super Bowl for its peak advertising rates — a record eight domestic liquor makers grabbed almost half of the highly coveted commercial slots at the top of the show. Led by premium brands such as […]

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Gaming

US, Netherlands and Japan reportedly agree to limit China’s

The Biden administration has reportedly reached an agreement with the Netherlands and Japan to restrict China’s access to advanced chipmaking machinery. According to Bloomberg, officials from the two countries agreed on Friday to adopt some of the same export controls the US has used over the last year to prevent companies like NVIDIA from selling […]

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Science

China’s Covid death numbers down by nearly 80 percent, officials

Covid death numbers in China have fallen by nearly 80 percent since the start of the month, Beijing officials have claimed — suggesting that their surge in cases may be abating. China reported nearly 13,000 deaths from COVID-19 last week, following reports the week before that the nation had seen nearly 60,000 Covid-realted deaths in […]