The tensions over the Chinese-owned social media app will come to a head on Thursday, when the company’s chief executive testifies on Capitol Hill.
Category: China
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As War in Ukraine Grinds on, China Helps Refill Russian Drone Supplies
The New York Times – Business:China has shipped more than $12 million in drones to Russia since it invaded Ukraine, in an indication of quiet collaboration between the two.
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Sri Lanka, Its Economy Reeling, Is Approved for $3 Billion Rescue Loan
The New York Times – Business:The nation, having weathered negotiations with Japan, India and China, hopes the emergency funds from the International Monetary Fund will see it through its debt crisis.
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China’s Xi to Visit Putin Under Shadow of War-Crimes Warrant
The New York Times – Business: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.
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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.