Tag Archives: China

A worker produces carpets that will be exported, at a factory in Binzhou in China’s eastern Shandong province on October 20, 2021. China OUT (Photo by STR/AFP via Getty Images) In Washington, DC, China is the new Russia. Its rapid military buildup includes advanced weaponry that rivals American prowess. Much of its technology is stolen from the United States and other advanced nations. Menacing incursions threaten Taiwan and other American allies, prompting the magazine Foreign Affairs to… Source link

The U.S. now leads the world in Bitcoin mining, according to data from the Cambridge Bitcoin Electricity Consumption Index (CBECI), which tracks Bitcoin’s energy consumption by geography. According to data added to the index, the United States currently makes up 42.7% of the Bitcoin network’s “hashrate,” a metric unit that measures how much power the Bitcoin network consumes. Up 14%, the growth in America’s hashrate — also known as hashpower — reflects the changing geopolitical… Source link

Google’s Arts & Culture team is today launching a new online experience that lets users virtually walk the Great Wall of China. The “Walk the Great Wall of China” experience includes an exclusive 360-degree virtual tour of one of the wall’s best-preserved sections, including 370 images of the Great Wall in total and 35 stories that go into architectural details about the landmark. “As the largest man-made structure in the world, the Great Wall of China is… Source link

(Bloomberg) — Stocks and U.S. equity futures fell Tuesday, hurt by concerns about elevated inflation stoked by energy costs and the possibility of a widening regulatory crackdown in China. Most Read from Bloomberg MSCI Inc.’s Asia-Pacific index snapped a three-day climb, with the technology sector leading losses and China underperforming. Signs that Beijing is widening its scrutiny of private and state enterprises soured the broader mood. S&P 500, Nasdaq 100 and European futures retreated… Source link

LONDON (Reuters) -China has won the artificial intelligence battle with the United States and is heading towards global dominance because of its technological advances, the Pentagon’s former software chief told the Financial Times. China, the world’s second largest economy, is likely to dominate many of the key emerging technologies, particularly artificial intelligence, synthetic biology and genetics within a decade or so, according to Western intelligence assessments. Nicolas Chaillan, the… Source link

On paper, the Biden administration is keeping in place the tariffs on imports and other protectionist measures Donald Trump imposed on China during his one-term presidency. But Biden is also hinting at deescalating Trump’s trade war and opening the door to better relations with the world’s second-largest economy—if China does its part. The Biden administration has announced a “new approach” toward China that has much in common with the old approach under Trump. Biden will keep in… Source link

(Bloomberg) — As China Evergrande Group edges closer to a massive restructuring, Beijing has stepped up efforts to limit the fallout, signaling it’s willing to prop up healthy developers, homeowners and the real estate market at the expense of global bondholders. In the last week alone, Chinese authorities have dispatched top financial regulators to nudge the country’s massive banks to ease credit for homebuyers and support the property sector. They also bought out part of… Source link

By Tom Westbrook and Donny Kwok HONG KONG (Reuters) -Distressed developer China Evergrande will sell a half-stake in its property management unit to Hopson Development for more than $5 billion, Chinese media said on Monday, after both Evergrande and Hopson requested trading halts ahead of a major transaction. Once China’s top-selling developer, Evergrande is facing what could be one of the country’s largest-ever restructurings as a crackdown on debt leaves it unable to refinance $305 billion… Source link

Chinese President Xi Jinping reviews the troops during a full honors ceremony in his honor, Tuesday, Feb. 14, 2012, at the Pentagon. (AP Photo Manuel Balce Ceneta) Four somewhat random items caught my attention recently. Item #1. A snippet from a conversation with Michael Dell “It’s kind of frosty, Andy,” Dell tells me in an interview. “The relationship is a little bit frosty at the moment.”  The relationship in question being that of China with the United States, particularly in the… Source link

Wasting no time, crypto bulls already see last week’s banishment of crypto trading by the Chinese government as a boon to the emerging sector. Speaking at Yahoo Finance’s Crypto Investing Summit this week, the investor and podcaster, Anthony Pompliano, echoed the sentiment of many longtime investors of the asset class.  The Chinese government banned cryptocurrency activities at least 5 different times before last week, with this most recent action making crypto trading or offering any… Source link