China

China's young people are abandoning retirement savings, The New York Times reported.The aging population and declining birthrate have intensified the pension crisis.High unemployment rates and low-paying jobs are also an issue. Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. download the app China's pension system is…

BYD and Tesla both posted anemic first-quarter sales this week, serving up a reminder that demand for electric cars appears to be stalling around the world.China, the world's largest EV market, hasn't been immune from the slowdown.The country's Passenger Car Association expects sales of new-energy vehicles to climb 25% to 11 million this year, according…

China is pivoting to new growth drivers in solar cells, electric vehicles, and lithium-ion batteries.This could create "China shock 2.0" that impacts other economies around the world.The US, EU, and other nations are strategizing to counter China's emerging dominance in these industries. Thanks for signing up! Access your favorite topics in a personalized feed while you're…

Getty Images A federal Cyber Safety Review Board has issued its report on what led to last summer's capture of hundreds of thousands of emails by Chinese hackers from cloud customers, including federal agencies. It cites "a cascade of security failures at Microsoft" and finds that "Microsoft's security culture was inadequate" and needs to adjust…

Chinese manufacturers are causing a global glut of solar panels.Solar panels have become so cheap that some people are using them to line fences.US Treasury Secretary Janet Yellen is set to discuss the overcapacity during her trip to China starting Wednesday. Thanks for signing up! Access your favorite topics in a personalized feed while you're…

A 7.2-magnitude earthquake that hit Taiwan on Wednesday morning prompted a wave of concerned messages on mainland China's social media, diverting from the usual hostile rhetoric toward the self-governed island.The quake has killed four people and injured about 50 as of Wednesday noon local time, with about 20 more people still trapped and needing rescue,…

Forest City is a luxury development in southern Malaysia. China's largest developer, Country Garden, spent $100 billion building the estate.I first visited Forest City in May 2022, and it was a ghost town. I found towering apartment buildings spread across four square miles. A white-sand beach overlooked the Johor Strait, where I could see the…

US President Joe Biden and China's leader Xi Jinping spoke in a Tuesday phone call.The leaders discussed global conflicts, including China's support for Russia amid the Ukraine war. Russia has managed to maintain its economy thanks in part to its trade partnership with China.  Thanks for signing up! Access your favorite topics in a personalized feed…

Three people died on Sunday in China's Jiangxi province after being torn from their high-rise apartments by heavy winds, local media reported.All three were from the same waterfront neighborhood in the south of the city of Nanchang and were sleeping at around 3 a.m. when strong gales destroyed the outward-facing walls of their rooms, the…

Earlier in March, during an interview on CNBC's "Squawk Box,'" Steven Mnuchin, the former US Treasury Secretary, said he was building a team of investors that could buy TikTok within six months.That timeline is due to a bipartisan House bill, passed on March 13, that would ban TikTok unless the app is sold to a…