China

China has a new foreign relations law. Here’s what it means for business

BEIJING — For foreign businesses in China, geopolitics hold more sway than new Chinese laws, according to analysts. National security…

China hits Alibaba affiliate Ant Group with $985 million fine for violating various regulations

China’s central bank hit Alibaba affiliate Ant Group with a 7.12 billion yuan fine ($985 million) on Friday. The People’s…

Yellen’s visit to China is ‘crucial’ to U.S.-China engagement, professor says

U.S. Treasury Secretary Janet Yellen’s visit to China is “crucial” to ensuring that both countries continue talking to each other,…

Janet Yellen arrives in Beijing on mission to find common ground for U.S. and China

Treasury Secretary Janet Yellen landed in Beijing Thursday on a four-day trip aimed at finding common ground as rivalry between…

OCBC is looking to Greater China and Southeast Asia for a $2.2 billion boost in revenue

Singapore’s Oversea-Chinese Banking Corporation has set its sights on “longer term opportunities” in Greater China and Southeast Asia and expects…

Huawei says applying 5G technology to business was more difficult than expected

SHANGHAI — Huawei’s Chief Financial Officer Meng Wanzhou said Wednesday that applying 5G technology to business was more difficult than…

A U.S. recession is coming this year, HSBC Asset Management warns — with Europe to follow in 2024

The U.S. will enter a downturn in the fourth quarter, followed by a “year of contraction and a European recession…

China’s economy is set to grow faster in the second quarter, Premier Li Qiang says

BEIJING — Chinese Premier Li Qiang said Tuesday his country was still on track to reach its annual growth target…