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SenseTime shares surge on debut after IPO delay by U.S. sanctions

SenseTime's booth at Shanghai auto show, April 19, 2021. /CFP Chinese artificial intelligence (AI) company SenseTime Group Inc. saw its shares jump as much as 23 percent in early trading on i

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Huachen Auto, parent of BMW's Chinese JV partner, goes into bankruptcy

Logo of Huachen/VCG A court ruling on Friday announced that the indebted Huachen Automotive Group, parent company of BMW's Chinese joint venture partner Brilliance Automotive Holdings, will u

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Officials vow for financial reform to better serve real economy

Wang Qishan, Vice President of China, said in a video speech at Bund Summit in Shanghai on October 24, 2020. /Photo from Bund Summit As China turns to dual circulation to pursue quality growth

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CGTN Explains: How China steers its economy through Five-Year Plans

VCG With the year of 2020 drawing to an end under the shadow of the COVID-19 pandemic, China is preparing for its new Five-Year Plan for 2021-2025, its 14th blueprint to guide the world's seco

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How ByteDance failed to save TikTok's U.S. business

VCG Photo After Huawei was labelled and targeted as an information security "threat", TikTok, the popular short-form video app, became the new target for many at a time when U.S. elections are

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China-India standoff piles up uncertainties among Chinese investors

VCG Photo Chinese investors who were once keen on the Indian market have become more cautious since the "boycott China" campaign emerged in India, a reminder to both sides that business is not

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Alibaba's Ant Group plans listing in Shanghai and Hong Kong

Alipay's office in Shanghai, China, November 20, 2019 /VCG Ant Group, Alibaba's fintech arm and the parent company of China's largest mobile payments business Alipay, announced on Monday that

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Can U.S. economy afford losing int'l students?

Harvard University in Cambridge,Massachusetts, U.S., July 8, 2020 /VCG Photo When universities in the U.S. are struggling to reopen for the fall semester, they encountered a new uncertainty in

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China prioritizes employment over GDP goal: experts

It is reasonable for China to drop GDP growth target when faced with so many uncertainties caused by the COVID-19 pandemic and the top priority is to stabilize the employment under significant pre