Canada on Tuesday welcomed its reinstatement to the approved travel list for groups of Chinese tourists by Beijing, which comes days after Prime Minister Mark Carney met with Chinese President Xi Jinping, hailing a “turning point” in the relations between the two countries. As China made a slower recovery from the COVID-19 pandemic than many

By Ka Sing Chan Starbucks’ SBUX long-awaited China deal is far too murky. The Seattle-based roastery on Monday announced it will sell control of its mainland retail operations to Boyu Capital in a deal worth $4 billion. Yet it also says the whole business is worth three times that amount. Licensing fees can provide an

Over the weekend, Bloomberg reported China may be expressing interest in purchasing U.S. wheat. According to the article, grain importers in Asia were inquiring about both SRW and HRW wheat. No specific numbers were given on purchases, and no confirmation from Beijing has been received so far. After the news on potential Chinese interest broke,

Alibaba’s employee count dropped by more than half to 123,711 as of June 30, 2025, from 254,941 in 2022, according to the company’s first-quarter earnings report for fiscal 2026. Photo: IC Photo As China’s tech giants aggressively cut costs, they are increasingly turning to outsourced workers who face precarious employment conditions and a form of

China has reportedly tested a prototype of a morphing hypersonic vehicle capable of flying at speeds exceeding Mach 5 and changing shape in flight. If accurate, it will mark a revolutionary leap in the design of hypersonic missiles that can not only fly at speeds exceeding Mach 5, but also maneuver in flight, further complicating