Tag #China

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kathimerini.gr

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May 8, 13:20

China Pledges Support for Russia Amid Western Sanctions

Chinese President Xi Jinping, in Moscow for WWII commemorations, declared China's backing of Russia against 'hegemonic bullying', deepening their alliance amid Western sanctions on Russia.

China Pledges Support for Russia Amid Western Sanctions

Chinese President Xi Jinping, in Moscow for WWII commemorations, declared China's backing of Russia against 'hegemonic bullying', deepening their alliance amid Western sanctions on Russia.

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How is the collaboration between China and Russia affecting the global economic and political landscape?

Xi's statement underscores the deepening ties between China and Russia, a partnership founded on mutual opposition to the West, particularly the US, which they accuse of imposing global hegemony. The two countries' collaboration is increasingly viewed with concern by Western nations.

dailymail.co.uk

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May 8, 13:20

Xi and Putin Strengthen Ties, Challenging Global Order

On Victory Day, Chinese President Xi Jinping visited Moscow and declared a strengthening partnership with Vladimir Putin, challenging the current global order and advocating for a multipolar economic system.

Xi and Putin Strengthen Ties, Challenging Global Order

On Victory Day, Chinese President Xi Jinping visited Moscow and declared a strengthening partnership with Vladimir Putin, challenging the current global order and advocating for a multipolar economic system.

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What are the immediate implications of the joint declaration by Putin and Xi Jinping on the global order?

On Victory Day, Russian President Vladimir Putin and Chinese President Xi Jinping jointly declared their commitment to challenging the existing world order, citing concerns about 'hegemonic bullying'. Xi's visit to Moscow underscores the strengthening alliance between the two nations, marking a significant shift in global power dynamics. This collaboration has significant implications for international relations, particularly given China's economic influence and Russia's ongoing conflict with Ukraine.

china.org.cn

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May 8, 07:14

Pop Mart's Labubu Drives Explosive Global Growth

Pop Mart's Labubu collectible figures generated 3 billion yuan ($415.2 million) in revenue in 2024, a 726.6 percent increase, propelling the company's app to the top of the US App Store's shopping category on April 25th, and driving a 165-170 percent year-on-year revenue growth in Q1 2025 with inter...

Pop Mart's Labubu Drives Explosive Global Growth

Pop Mart's Labubu collectible figures generated 3 billion yuan ($415.2 million) in revenue in 2024, a 726.6 percent increase, propelling the company's app to the top of the US App Store's shopping category on April 25th, and driving a 165-170 percent year-on-year revenue growth in Q1 2025 with inter...

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What is the key factor driving Pop Mart's explosive revenue growth, and what are its immediate global impacts?

Pop Mart's Labubu collectible figures have driven a significant surge in revenue, with The Monsters series reaching 3 billion yuan ($415.2 million) in 2024, a 726.6 percent increase year-on-year. This success propelled the app to the fourth position in the overall US App Store and the top spot in the shopping category on April 25th. The popularity is evident in long lines at retail locations globally and strong resale market values ranging from $90 to $400.

china.org.cn

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May 8, 07:14

China Unveils Financial Measures to Stabilize Economy

On May 7, 2025, China's monetary authorities announced a series of financial measures, including a 0.5 percentage point RRR cut, a 0.1 percentage point reverse repo rate cut, and increased support for key sectors, aiming to stabilize markets and sustain economic recovery amid external headwinds.

China Unveils Financial Measures to Stabilize Economy

On May 7, 2025, China's monetary authorities announced a series of financial measures, including a 0.5 percentage point RRR cut, a 0.1 percentage point reverse repo rate cut, and increased support for key sectors, aiming to stabilize markets and sustain economic recovery amid external headwinds.

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How do the policy rate and RRR cuts connect to the broader goals of sustaining economic recovery and addressing external headwinds?

The policy rate cuts and RRR reduction aim to lower overall social financing costs, boost market confidence, and support stable economic expansion. These measures follow a high-level policy meeting emphasizing proactive macro policies and stronger real economy support, in response to external headwinds and the need to consolidate China's economic recovery. The government also highlighted support for capital markets and the property sector.

forbes.com

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May 8, 01:18

Tariffs on Baby Products Spark Price Hikes, Potential Shortages

President Trump's tariffs on Chinese goods are causing significant price increases and potential shortages of baby products, prompting the Treasury Secretary to suggest possible tariff exemptions while the President remains noncommittal.

Tariffs on Baby Products Spark Price Hikes, Potential Shortages

President Trump's tariffs on Chinese goods are causing significant price increases and potential shortages of baby products, prompting the Treasury Secretary to suggest possible tariff exemptions while the President remains noncommittal.

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How does the administration's policy on tariffs contradict its stated goal of boosting birth rates?

The imposition of high tariffs on Chinese goods, including baby products, is causing significant price increases, potentially impacting consumer spending and the affordability of raising children. This contradicts the administration's policy aims to increase the birth rate, highlighting a conflict between economic policy and social objectives. The average cost of raising a baby in the first year is approximately $20,384, a figure likely to increase substantially due to the tariffs.

china.org.cn

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May 8, 13:20

Xi's Moscow Visit: Strengthening Sino-Russian Partnership Against Hegemonism

Chinese President Xi Jinping arrived in Moscow on May 7, 2025, for a state visit and to commemorate the 80th anniversary of Victory Day, emphasizing China and Russia's shared commitment to opposing hegemonism and upholding multilateralism, a stance further strengthened by a joint article published i...

Xi's Moscow Visit: Strengthening Sino-Russian Partnership Against Hegemonism

Chinese President Xi Jinping arrived in Moscow on May 7, 2025, for a state visit and to commemorate the 80th anniversary of Victory Day, emphasizing China and Russia's shared commitment to opposing hegemonism and upholding multilateralism, a stance further strengthened by a joint article published i...

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What are the immediate implications of Xi Jinping's visit to Moscow for the international order?

President Xi Jinping's visit to Moscow for the 80th anniversary of the Soviet Union's Great Patriotic War victory underscores China and Russia's joint commitment to opposing hegemonism and upholding multilateralism. Xi's statement emphasizes their collaboration in safeguarding the UN-centered international system. This visit marks Xi's 11th trip to Russia since becoming president.

wyborcza.pl

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May 8, 13:20

Ukraine Condemns Russia's May 9th Parade as Glorification of Fascism

Ukraine's Foreign Ministry denounced Russia's May 9th military parade as a celebration of contemporary fascism, not a commemoration of WWII's victory, criticizing Russia's three-day ceasefire as a propagandistic maneuver.

Ukraine Condemns Russia's May 9th Parade as Glorification of Fascism

Ukraine's Foreign Ministry denounced Russia's May 9th military parade as a celebration of contemporary fascism, not a commemoration of WWII's victory, criticizing Russia's three-day ceasefire as a propagandistic maneuver.

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How does Russia's May 9th military parade, according to Ukraine, distort the historical narrative of WWII and impact current geopolitical tensions?

The Ukrainian Foreign Ministry stated that Russia's May 9th military parade glorifies contemporary fascism, not the victory over Nazism. They cited Russia's three-day ceasefire as a mere propaganda stunt, prioritizing the parade over saving lives. This contrasts sharply with Ukraine's commitment to peace.

china.org.cn

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May 8, 07:14

Serbia and China Commemorate 26th Anniversary of NATO Bombing of Chinese Embassy

On Wednesday, Serbia and China commemorated the 26th anniversary of the 1999 NATO bombing of the Chinese Embassy in Belgrade, which killed three Chinese journalists and injured more than 20 diplomats. The commemoration included wreath-laying ceremonies and speeches emphasizing the enduring friendshi...

Serbia and China Commemorate 26th Anniversary of NATO Bombing of Chinese Embassy

On Wednesday, Serbia and China commemorated the 26th anniversary of the 1999 NATO bombing of the Chinese Embassy in Belgrade, which killed three Chinese journalists and injured more than 20 diplomats. The commemoration included wreath-laying ceremonies and speeches emphasizing the enduring friendshi...

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What are the long-term implications of the 1999 NATO bombing on Sino-Serbian relations, and how might this event influence future collaborations between the two nations?

The anniversary serves as a reminder of the lasting impact of the NATO bombing, but also showcases the resilience and progress made by both nations since 1999. The focus on rebuilding and revitalization suggests a shared desire to move beyond the trauma of the past and highlights the strength of their 70-year friendship. Continued close collaboration between Serbia and China is anticipated.

china.org.cn

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May 8, 07:14

Quan Hongchan's Growth Spurt Challenges Olympic Champion

Three-time Olympic diving champion Quan Hongchan, now 18, is adapting to a 15-centimeter height increase and 10-kilogram weight gain, impacting her dive technique and leading to recent losses to teammate Chen Yuxi in the World Cup.

Quan Hongchan's Growth Spurt Challenges Olympic Champion

Three-time Olympic diving champion Quan Hongchan, now 18, is adapting to a 15-centimeter height increase and 10-kilogram weight gain, impacting her dive technique and leading to recent losses to teammate Chen Yuxi in the World Cup.

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What specific challenges is Quan Hongchan facing, and how are these challenges impacting her performance in recent competitions?

Quan Hongchan, the three-time Olympic diving champion, is facing challenges due to a significant growth spurt, impacting her dive performance. She's now 15 centimeters taller and 10 kilograms heavier, affecting her center of gravity and requiring readjustments to her technique.

china.org.cn

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May 8, 07:14

Chinese Player Wins World Snooker Championship

Zhao Xintong, a 28-year-old Chinese snooker player, won the 2025 World Snooker Championship, becoming the first Asian to achieve this title and marking a significant shift in the global dominance of the sport.

Chinese Player Wins World Snooker Championship

Zhao Xintong, a 28-year-old Chinese snooker player, won the 2025 World Snooker Championship, becoming the first Asian to achieve this title and marking a significant shift in the global dominance of the sport.

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What is the significance of Zhao Xintong's World Snooker Championship victory for the global landscape of the sport?

Zhao Xintong's victory at the 2025 World Snooker Championship marks a historic moment, as he became the first Asian to win the title, defeating Mark Williams. This win signifies a major shift in the global landscape of snooker, a sport traditionally dominated by British players.

china.org.cn

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May 8, 13:20

China's New Law to Boost Private Sector Development

China's new Private Sector Promotion Law, effective May 20, 2025, aims to boost private sector development by ensuring fair market access and equal resource allocation, with the government launching 3 trillion yuan worth of projects this year to promote private investment.

China's New Law to Boost Private Sector Development

China's new Private Sector Promotion Law, effective May 20, 2025, aims to boost private sector development by ensuring fair market access and equal resource allocation, with the government launching 3 trillion yuan worth of projects this year to promote private investment.

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How does the law address the issue of fair competition and equal access to resources for private businesses in China?

The law addresses concerns over uneven playing fields by legally mandating equal access to resources for private enterprises. This is coupled with a push for increased private sector participation in large-scale projects, as evidenced by the 20 percent private stake in some nuclear power projects and the 80 percent plus private investment in industrial equipment renewal. The government aims to increase private sector participation in infrastructure projects worth approximately 3 trillion yuan.

forbes.com

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May 8, 01:18

3G Capital Acquires Skechers Amidst US-China Trade War

3G Capital purchased Skechers for $9.4 billion, a 28% premium, despite the US-China trade war's impact on the footwear industry; their long-term investment strategy contrasts with typical private equity firms.

3G Capital Acquires Skechers Amidst US-China Trade War

3G Capital purchased Skechers for $9.4 billion, a 28% premium, despite the US-China trade war's impact on the footwear industry; their long-term investment strategy contrasts with typical private equity firms.

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How does 3G Capital's acquisition of Skechers reflect a shift in investment strategies during the US-China trade war?

3G Capital, an investment firm, acquired Skechers for $9.4 billion, a 28% premium over its closing stock price. This acquisition is notable because it occurred amidst the US-China trade war, which negatively impacted many apparel and shoe companies. 3G's long-term investment strategy contrasts with typical private equity firms, who usually flip companies within a few years.

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