By Laurie Chen and Andy Bruce BEIJING (Reuters) -British finance minister Rachel Reeves said on Saturday during a visit to Beijing that she intended to have "pragmatic" relations with Chinese leaders to boost exports to the world's second-largest economy.
The Chancellor of the Exchequer vowed to stand firmly behind her fiscal plan when asked if she will need to rethink her economic strategy.
When a Taiwanese telecoms company detected that an international undersea cable was damaged earlier this month, it worked to divert internet traffic from the broken line to keep customers on the island connected.
China has ample fiscal policy space and tools to support economic growth this year and it will step up spending to spur investment, Vice Finance Minister Liao Min said on Friday.
A top Civil Affairs Ministry official stressed new reforms must be rolled out over the next decade to be effective.
Britain’s Treasury chief is travelling to China this weekend to discuss economic and financial cooperation between the countries, as the U.K.
China's exports probably expanded at a faster pace in December, suggesting producers raced to move inventory to major markets ahead of U.S. President-elect Donald Trump's return to the White House this month and fresh trade risks.
Ford has made a particular effort to be a part of the Chinese economy with the Lincoln Nautilus, a mid-size luxury crossover SUV, whose second generation is produced by Changan Ford in China while Ford is retooling their Oakville Assembly plant to produce electric vehicles.
This underperformance marks a pivotal shift in the narrative surrounding China’s economic trajectory. 2024 has been a turning point, where Beijing’s previously optimistic outlook has been tempered by a persistent post-COVID malaise.
It was almost a year before a handful of Chinese AI chatbots received government approval for public release. Some questioned whether China’s stance on censorship might hobble the country’s AI ambitions.
China’s independent oil refineries face a reckoning this year as Beijing tackles overcapacity in the industry, and the crude they rely on becomes a lot scarcer.