BEIJING (Reuters) – China’s economy grew again in the second quarter after a deep depression earlier in the year, but an unexpected weakness in domestic consumption underscored the need for more political support to boost recovery after the impact of the coronavirus crisis. Asian equity markets and the Chinese yuan …
Read More »Taiwan Holds Fire Drill During War Games As Tensions Rise | Taiwan News
The Taiwanese military is conducting a live-fire drill in the central city of Taichung on Thursday, as part of a major military exercise in the context of mounting tensions with China in the strait and in the South China Sea. President Tsai Ing-wen was expected to witness the drill, which …
Read More »SMIC, China’s largest chip maker, rises 245% on Shanghai list
Integrated circuits on a circuit board. The semiconductor industry has been in focus during the trade war between the United States and China. filming | E + | fake pictures SMIC, China’s largest chip maker, saw its shares rise 245% at the opening on its first day of trading in …
Read More »United States Considers Travel Ban for Millions of Communist Party of China: Report | World News
The United States is reportedly considering imposing travel restrictions on members of the Chinese Communist Party amid a deepening dispute, with President Donald Trump saying new sanctions are possible and Beijing promising retaliation. A draft presidential proclamation would revoke visas for Chinese Communist Party members and their families, according to …
Read More »Beijing reports GDP for the second quarter of 2020
China reported that the country’s GDP grew 3.2% in the second quarter of this year, compared to the previous year, exceeding analyst expectations and recovering from the first quarter contraction. It occurs when the blockades to contain the coronavirus outbreak in China decreased, and when Beijing implemented stimulus measures to …
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