TikTok spent days directing its users to call their Members of Congress but that effort seems to have failed, at least so far. Today a bill that would force the Chinese owner of TikTok to either sell it or face a ban in the US passed the House with strong bipartisan support. Republican leaders fast-tracked […]
This week someone claiming to be a whistleblower leaked a large cache of documents on GitHub outlining the operations of one particular hacking company in China. The company is called I-Soon and it’s apparently just one of many “patriotic hacking” companies that have sprung up over the past couple decades. Patriotic in this case means […]
It’s no secret that China idea of technological advancement often boils down to copying whatever the US has come up with. When it comes to artificial intelligence that’s still what is happening. A few weeks ago Wired published an article about a Chinese AI startup that it said was winning the Open AI race: Meta […]
China’s troubled property market continues to get a lot of the headlines but China’s stock market is also in terrible shape right now. The total losses since 2021 are roughly $7 trillion dollars. While U.S. stocks have been soaring, Chinese shares have been on a seemingly interminable downward slide. China’s benchmark CSI 300 index is […]
Evergrande was once China’s top real estate developer, but ever since it defaulted on loans in 2021 the company has been in a kind of slow-motion collapse. With more than $300 billion in debts and contractors who hadn’t been paid, there seemed to be no way for the company to recover. The central problem at […]
China is no longer the most populous nation in the world. In 2022 its population declined for the first time in 60 years and by the middle of 2023, India had surpassed it. For decades, China did everything it could to keep its population low. It introduced the one-child policy in 1979 and stuck with […]
China’s Premier Li Qiang, the second most powerful individual after President Xi Jinping, is in Davos, Switzerland today where he announced China had hit its growth target one day before the official data is released. He also pronounced China open for business. Li said in a keynote speech to business leaders at the World Economic […]
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