Tariffs won't fix America's manufacturing problem — but AI might, Goldman Sachs says
What the economy needs is a technological makeover, Goldman Sachs analysts wrote on Thursday.
China
Xiaomi says it received over 200,000 orders for a new car it priced just below Tesla's Model Y in 3 minutes
The car, which starts at $35,000, intends to compete with the Model Y, China's most popular SUV, which starts at $36,760.
China's real estate crisis could still get worse, Goldman Sachs says
Home prices in China have fallen 20% over four years and could decline another 10% before bottoming out in 2027.
A Strait of Hormuz crisis could hit global oil, but China may be less vulnerable than it looks
China has been diversifying its sources for oil imports well before the current Middle East tensions.
My small American town was perfect for growing up, but not for building a career. So I moved to China.
Emory Babb, 32, never thought he would live outside the US. He's learned that for those looking to build something, there's real opportunity in China.
I'm a retiree living in Mexico who owns a BYD and a Tesla. Here's why I prefer the Chinese car.
John Romer splits his time between Mexico and the US and owns a BYD Song Plus and a Tesla Model 3. He told BI he prefers the BYD.
Labubu's parent company's stock is down after China issued a warning on a lucrative sales strategy
A Chinese state-run news outlet warned that children could get hooked on spending money on mystery toys, which Pop Mart is known for.
Surprise! You literally owe the tariffs
Americans are being hit with huge tariff bills on their online orders.
David Sacks says overly strict US export controls may backfire because China's AI models are just 'months behind'
January's DeepSeek launch challenged assumptions that Chinese AI models were years behind the US, David Sacks said.
Trump doesn't seem like he's taking the TikTok sale-or-ban law seriously. Does anyone?
TikTok still has the same owner. There's another ban-or-sale deadline coming up, but Donald Trump is going to extend it — again.
Platinum draws fresh interest from China's jewelers as gold prices test buyers' wallets
Gold jewelry consumption in China tanked nearly 27% in the first quarter of 2025 from a year ago, according to the China Gold Association.
China could have as many intercontinental ballistic missiles as the US or Russia by 2030, weapons watchdog says
The Stockholm International Peace Research Institute said China has the fastest growing nuclear arsenal in the world.
Bad news for Tesla: Britain is going bonkers for Chinese cars
Tesla, which is battling a global sales slump amid backlash against CEO Elon Musk's political interventions, saw its sales in the UK fall 36% in May.
Starbucks is taking a page out of competitors' playbooks to woo Chinese customers this summer
The chain is selling Frappuccinos and iced teas in the summer for as low as $3.20.
China's tech firms block AI access during high-stakes college entrance exams
AI chatbots from Tencent, ByteDance, and Moonshot AI disabled features like photo recognition and real-time question answering during the exam period.
Boeing sent a new plane on a 3-day journey to China in fresh sign of easing trade tensions
The Xiamen Airlines 737 Max was the first to be sent to China since Boeing returned some planes after tariff tensions boiled over.
4 moves the Trump administration could make if courts strike down its tariffs
Trump may have four more ways to impose duties even if the court strikes down his IEEPA tariffs, but those could be complicated and limited moves.
A US Navy warship captain said the Red Sea conflict was a 'knife fight in a phone booth.' China would be way more challenging.
The commanding officer of USS Thomas Hudner told BI that China has many advanced capabilities, but the Navy has proven itself in the Red Sea.
Trump's trade talk delegation is set to face off with China's negotiators in London. Here is what's at stake.
Three top Trump administration economic officials, including Scott Bessent, will meet Chinese negotiators in London to break the trade deadlock.
China is flexing its supply chain muscles — and the auto industry is freaking out
Automakers and parts suppliers are shifting supply chains and warning of production shutdowns amid a Chinese crackdown on rare earth metals and magnets.