China’s tobacco monopoly has become so financially vital to the government that even its powerful leader has failed to curb the country’s smoking habit.
Category: China
-
$140,000 E.V.s and Heritage Gold: The Rise of China’s Homegrown Luxury Market
As China’s economy slows, consumers are increasingly turning to domestic luxury products, challenging the dominance of long-established European brands.
-
Elon Musk and Other CEOs on Trump’s Trip to China Sought Relief
Elon Musk and other powerful executives who accompanied President Trump to China are hoping to clear roadblocks put up by Beijing.
-
Trump Approved an Nvidia Chip for Sale in China. Beijing Doesn’t Want It.
The U.S. tech giant’s powerful H200 chip seemed poised to boost Beijing’s A.I. ambitions, but not a single one has been purchased in China.
-
China’s Housing Slump Shows Signs of Bottoming Out. We’ve Been Here Before.
Property prices in Shanghai, in particular, are rebounding, but the national market still faces an enormous overhang — 90 million empty or unfinished apartments.
-
Nvidia’s Profit Hits $58.3 Billion as A.I. Boom Gathers More Steam
The chip maker said its profit in its most recent quarter jumped 211 percent from a year ago thanks to extreme demand from other big technology companies.
-
China Confirms It Will Buy 200 Boeing Planes
The deal, which President Trump announced after last week’s summit, represents the largest single sale of the American company’s aircraft to Beijing in nearly a decade.
-
China Wants A.I. to Flourish, but Not at the Expense of Jobs
A series of precedent-setting rulings signals that Chinese courts are being enlisted to shield workers from displacement by artificial intelligence.
-
China Indicates Tariffs Were Discussed at Trump Summit
China’s Ministry of Commerce said Saturday that the countries had struck a preliminary agreement to reduce some tariffs, seemingly contradicting statements by President Trump
-
For Xi’s Critics, Trump’s China Visit Is Fuel for Jokes They Can’t Tell
On Threads and other sites, liberal-minded Chinese accounts were mocking the proceedings and offering a rare window into opinions on Mr. Xi and his leadership style.
-
What Trump Gained, and Didn’t, From China
President Trump is returning home from Beijing after a two-day summit that achieved a few deals but left investors and analysts underwhelmed.