Economy

Economy Latest News

Foreign carmakers strive for 'China Speed' to stay in race
Foreign carmakers strive for 'China Speed' to stay in race
by  AFP

In fluid synchronisation, dozens of robotic arms picked up metal parts and welded them onto vehicle beds, as car skeletons gradually took shape and progressed along an automated factory floor near the eastern Chinese city of Ningbo.

Xi says China must 'overcome' AI chip challenges
Xi says China must 'overcome' AI chip challenges
by  AFP

President Xi Jinping said China must "overcome" the challenges of developing core AI technologies including high-end chips, state media reported Saturday, as Beijing seeks to become a world leader in the rapidly developing industry.

India and Pakistan's Kashmir fallout hits economy too
India and Pakistan's Kashmir fallout hits economy too
by  AFP

Rapidly deteriorating relations between India and Pakistan over a deadly shooting in Kashmir are starting to have small but prickly economic consequences for both nations. - Third country trade - But analysts say Pakistan's decision to halt trade is unlikely to have a major impact, as regular diplomatic flare-ups between the two nations over decades have prevented close economic ties.

Trump tariff promises get a reality check
Trump tariff promises get a reality check
by  AFP

A gathering of global economic leaders in Washington wraps up Saturday with tariff talks between the United States and partners still unresolved -- and anxiety building over the state of the global economy.