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Pfizer CEO Albert Bourla speaks during the China Development Forum in Beijing on March 25, 2023. Lintao Zhang | Getty Images News | Getty Images BEIJING — US pharma giant Pfizer has signed an agreement with China to cooperate on improving the country’s health coverage, according to the company. “We are very much aligned with … Read more
Pictured here is a large residential community in Nanjing, Jiangsu province, Jan. 16, 2023. Future Publishing | Future Publishing | Getty Images BEIJING — Debt-heavy local governments in China need new ways to raise money under a central regime that’s made clear its priority is to reduce financial risks. Local governments’ direct debt will exceed … Read more
China and US flags are seen near a TikTok logo in this illustration picture taken July 16, 2020. Florence Lo | Reuters BEIJING — China says it would “strongly oppose” a forced sale of TikTok, making clear the government’s involvement with the social media giant that is trying hard to distance itself from Beijing authorities. … Read more
The Federal Reserve is expected to raise interest rates Wednesday by a quarter point, but it also faces the tough task of reassuring markets it could stem a worse banking crisis. Economists mostly expect the Fed will increase its fed funds target rate range to 4.75% to 5% on Wednesday afternoon, though some expect the … Read more
Russian President Vladimir Putin speaks to China’s President Xi Jinping during the Shanghai Cooperation Organization leaders’ summit in Samarkand on Sept. 16, 2022. Sergei Bobylyov | AFP | Getty Images BEIJING — Chinese President Xi Jinping is set to visit Russia from March 20 to 22, China’s Ministry of Foreign Affairs announced Friday. This is … Read more
Chinese tech company Baidu announced Monday it can sell some robotaxi rides without any human staff in the vehicles. baidu BEIJING — Chinese tech company baidu announced Friday it can now operate robotaxis in a part of the capital city of Beijing with no human staff or drivers inside. The move eliminates the labor cost … Read more