China

China's exports fall 7.5 pct in May

China's exports fell in May for the first time since February, data showed yesterday, breaking a two-month growth streak as a post-Covid rebound faded and adding to speculation that officials will unveil fresh stimulus measures.

Rising global inflation, the threat of recession elsewhere and geopolitical tensions with the United States have weakened demand for Chinese products.

Musk talks electric cars with Chinese minister

Elon Musk and China's industry minister discussed ways to develop new energy vehicles yesterday, a day after the Tesla CEO flew into Beijing and declared he wanted to expand his business in the world's second largest economy.

The mercurial billionaire, one of the world's richest men, is on his first trip to China in more than three years.

China says US chipmaker Micron failed security review

U.S. semiconductor giant Micron has failed a national security review, China's cybersecurity watchdog has said, telling operators of "critical information infrastructure" to stop buying its products.    

It marked the latest escalation in the bitter chip war between the United States and China, with Washington looking to cut off Beijing's access to cutting-edge semiconductors.    

China's Xi hosts Central Asian leaders in 'milestone' summit

Chinese President Xi Jinping will host a Central Asian summit on Thursday, seeking to build regional influence as G7 leaders hold a rival gathering in Japan.

Held in the ancient Chinese city of Xi'an, the historic eastern end of the Silk Road that linked China to Europe through Central Asia, this week's summit is of "milestone significance", Beijing has said.

China economic data miss expectations

China's economic data for April missed expectations last month, official figures showed yesterday, as low demand and high youth unemployment led to a patchy recovery after lifting strict COVID rules.    

Retail sales - a key indicator of domestic consumer activity -- grew 18.4 percent on-year, data released by the National Bureau of Statistics (NBS) showed.    

Xi to host first China-Central Asia summit this month

President Xi Jinping will host a two-day summit with the leaders of five Central Asian nations next week, Beijing said on Monday, as China moves to increase its influence in the region.

Leaders of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan are expected to attend the China-Central Asia Summit from May 18 to 19, said China's foreign ministry.

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