China

International Economics

US Trade War Saps China’s Economic Momentum

Photo by Getty Images via Unsplash

While a trade war bruised the US economy, China isn’t immune to the pain, and its leaders are growing more receptive to negotiation.

2 min read

Photo by U.S. Department of Homeland Security via Public Domain Mark 1.0

Regulation

US Blocks Chinese Textile Firms Over Forced Labor Concerns

The bans not only attempt to address human rights violations but also aim to protect domestic textile producers from unfair competition.

2 min read
Photo by Kentaro IEMOTO via CC BY-SA 2.0

Electric Vehicles

Baidu’s Robotaxi Nears Profitability, While US Peers Are Stuck in Neutral

The company started operating some fully driverless robotaxi rides in September 2023, and said 45% of Q4 orders were fully driverless models.

2 min read
Photo illustration by Connor Lin / The Daily Upside

Consumer

Temu Gets Spooked by Possible TikTok Ban

The-commerce app, which has spent a fortune marketing itself in America, is reportedly starting to hedge its reliance on the US market.

2 min read

Consumer

Economic Anxiety Leaves McDonald’s Digesting Biggest Sales Drop in Five Years

Photo by Jason Miraples via Unsplash

Fast-food chain McDonald’s, an economic indicator because of its mammoth global presence, posted its worst earnings report since 2020.

2 min read

Photo by Tiger Lily via Pexels

International Economics

Europe Wants to Fix Its Widening Productivity Gap With the US

European productivity has increased only about 20% since 2000, about one-third the rate of the US.

2 min read
Photo via Connor Lin / The Daily Upside

Geopolitics

US Mulls Export Bans on AI Software to China

The US worries that models like ChatGPT could allow China to launch cyberattacks or even design biological weapons.

2 min read
Image Credit: Getty Images, awdebenharn.

Banking

Chinese Regulators See Regional Banks Headed for SVB-Style Chaos

Authorities are concerned about regional banks piling too heavily into longer-yielding government bonds in recent months.

2 min read

Consumer

Starbucks Slings High-Speed Drinks in Caffeinated Comeback Plan

Photo by Hamza Inayat via Unsplash

Reducing beverage-wait times is part of Starbucks CEO Brian Niccol’s turnaround plan, which includes tech updates focused on efficiency.

2 min read

International Economics

Retailers Prep for Supply Chain Breakdown

Photo by Mick Haupt via Unsplash

To prepare for a slowdown of global trade, US retailers spent months building a massive inventory to prevent empty shelves.

2 min read

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