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Jane Cai
Jane Cai
Beijing
Bureau Chief, Beijing
Jane Cai, CFA, is the Beijing Bureau Chief of the Post. She has been covering China's economic, financial, business and political news since the early 2000s.

US President Joe Biden’s executive order restricts venture capital and private equity investments in China’s chip and AI industries, a move analysts say could be a signal to allies to follow suit.

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Despite top entrepreneurs’ chorus of support for 31-point action plan from Beijing, smaller business owners are ‘not sure it will make any difference’.

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Beijing aims to boost confidence in Chinese history and culture at home, while to the outside world it pushes respect for ‘diversity of civilisations’ and opposition to ‘ideological confrontation’.

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National Audit Office report follows assessment of 228.6 billion yuan in budget allocations to 41 central government departments and their affiliates from November to February.

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While advocating a new cultural confidence, Xi speaks of ‘common aspirations’, rather than human rights of ‘peace, development, equity, justice, democracy and freedom, says analyst.

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The Middle Eastern countries are eyeing Chinese drones, fighter jets and air defence systems as they seek to diversify weapons supply amid Ukraine war and tensions with Washington, according to Beirut-based intelligence service.

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Both sides of politics ‘seem to agree on getting tougher on China’ but if Biden wins he could try to seek a ‘breakthrough’ in the troubled relationship, according to analysts.

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‘Socialist core values’ a focus for Beijing as Tsinghua academic outlines four areas of risk for China: technical; economy; social; and politics.

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Yellen has called for a ‘constructive and fair relationship’ between the world’s two largest economies, but Chinese analysts fear divisions will only widen.

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Chinese smartphone firms are facing an ‘innovation or die’ situation, as multinationals look to diversify and the United States ratchets up export controls on advanced semiconductor chips, industry insiders say.

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China was late to embrace the mobile phone, but it is now home to the largest mobile phone market in the world, a booming e-commerce sector and some of the most advanced mobile network infrastructure.

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The move ‘turbocharges’ efforts to extend party’s influence in private firms, industry associations and civil society, analyst says.

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Article by deputy director of Xi Jinping Economic Thought Research Centre comes days ahead of legislative session expected to reveal policy direction.

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China’s older generation invested relatively heavily in property, buying up homes and flats in the hope that they would appreciate greatly over the years, but Generation Z appears to have a different perspective.

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While personal spending is forecast to rebound with the relaxation of Covid controls, Chinese consumer confidence is being undermined by fresh outbreaks and weak confidence about income prospects.

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The transport ministry is expecting travel numbers to rebound but warned of the challenge it faces in guaranteeing food and medicine supplies.

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