Follow live updates on the Trump administration here. Buried in China’s latest government budget were some numbers that add up to an alarming trend. Tax revenue is dropping. The decline means that China’s national government has less money to address the country’s serious economic challenges, including a housing market crash and the near bankruptcy of…
Political pressure is mounting over a plan by a Hong Kong conglomerate to sell its Panama ports to BlackRock, the American investor, raising questions about the future of the $19 billion deal. John Lee, the leader of Hong Kong, added his voice on Tuesday to escalating warnings from China, saying the transaction deserved “serious attention.”…
Beijing began imposing tariffs on Monday on many farm products from the United States, for which China is the largest overseas market. It is the latest escalation of a trade fight between the world’s two largest economies. The Chinese government announced the tariffs last week, shortly after President Trump raised tariffs on Chinese products for…
China’s average life expectancy has reached 79 years in 2024 as several strategic measures have come into play in the populous country, a health official said at a press conference on people’s livelihood in Beijing on Sunday. The life expectancy in 2024 is 1.7 years higher than in 2019, said Lei Haichao, director of the…
When Son Jun-ho, a key midfielder for South Korea’s World Cup soccer team, signed with a Chinese club, he was an indication of China’s ambition to dominate the world’s most popular sport. But after Chinese police officers detained him two years later, accusing him of bribery and match-fixing, he became a symbol of a different…
After nearly a decade of trying, Apple finally gave up its effort to produce an electric car last year, canceling a project that soaked up $10 billion. But last year in China, the electronics maker Xiaomi launched its first electric car after just three years of development and delivered 135,000 vehicles. It has vowed to…
China’s leader said his country and Russia were “true friends who have been through thick and thin together” after a video call with President Vladimir V. Putin on Monday, according to Chinese state media. The warm words attributed to Xi Jinping were clearly intended to dampen speculation that the Trump administration might succeed in driving…
Rows of white concrete buildings near the Pearl River in southern China house one of the world’s fastest-growing industries: Gritty workshops are churning out inexpensive clothing that is exported straight to homes and small businesses around the world. No tariffs are paid, and no customs inspections are conducted. The laborers who make these goods earn…
The leaders of the world’s two rival superpowers have plenty to talk about. But so far, it seems, they can’t agree on when they should speak, or even whether they already have. Over the last 10 days or so, President Trump has sent conflicting messages about talking to China’s top leader, Xi Jinping. Mr. Trump…
The new king of the Chinese box office is an adorably ugly, demonic child fighting off monsters. In less than two weeks since its release, “Ne Zha 2,” an animated film based loosely on Chinese mythology and a famous 16th century novel, has become the highest-grossing movie ever in China, with more than $1 billion…