Global divisions over Russia’s actions in Ukraine widened as China said Xi Jinping would go to Russia to help make peace, in a move widely seen as a stark sign of support for President Vladimir V. Putin.
Category: China
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China’s Xi to Visit Putin Under Shadow of War-Crimes Warrant
The New York Times – Business: -
China’s Answer to ChatGPT Gets an Artificial Debut and Disappoints
The New York Times – Business:The promised “live” demonstration of the bot had, in fact, been prerecorded. Shares of Baidu, the company behind the technology, tumbled in Hong Kong.
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China Wine Tariff Pushes Australia’s Grape Growers Into Crisis
The New York Times – Business:Two years later, they’re suffering from a glut of red wine and plummeting grape prices with no overseas market big enough to fill the gap.
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A Hungarian Town Seethes Over a Giant Chinese Battery Plant
The New York Times – Business:A $7.8 billion factory planned by a Chinese company in eastern Hungary has become divisive even within the party of Prime Minister Viktor Orban, who championed it.
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Volkswagen Will Invest $193 Billion in Electric Cars and Software
The New York Times – Business:The German automaker announced a plan to accelerate its transition to battery-powered vehicles and bolster operations in China and North America.
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To Rein in China’s Banks, Xi Uses Familiar Playbook
The New York Times – Business:Xi Jinping is revamping China’s regulatory framework so the ruling Communist Party can assert more direct control over financial policy.
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China’s New Premier Needs to Revive Growth. How Far Will Loyalty Get Him?
The New York Times – Business:Li Qiang’s business-friendly reputation could bolster confidence in China’s economy. But he is stepping into a role with diminished power under Xi Jinping.
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As Economy Falters, China’s New Premier Tries to Boost Business Confidence
The New York Times – Business:Li Qiang, the country’s No. 2 leader, sought to reassure entrepreneurs who have been wary of making new investments.
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Biden and E.U. Leader to Discuss Ukraine and Trade Spat
The New York Times – Business:President Biden and the European Commission president are set to discuss how to effectively counter Russia and a potential trade deal for electric vehicles.
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Why China Is Turning the Screw Tighter on Oversight of Banking and Tech
The New York Times – Business:A series of regulatory changes approved this week reflect the increasingly centralized control of Xi Jinping, newly confirmed for a third term as China’s president.