Wang Zichen News Today

China has overtaken in the U.S. with the most branded coffee shops in the world as young people start drinking coffee to cope with a competitive job market and workplace.

US Treasury Secretary Janet Yellen will arrive in China on Thursday, and is set to visit the southern city of Guangzhou and capital city of Beijing during her week-long trip.

Beijing has already recognised overcapacity as a major challenge for 2024, as US and European Union anti-dumping probes and tariffs disrupt trade.

Recent comments from officials, as well as years of tension over trade, indicate regulatory action may be taken by the US to limit the potential of China’s electric vehicle industry – which could sour efforts to boost economic growth and export activity.

As the United States appears unlikely to back down in its efforts to relocate manufacturing away from China, a recalibration of priorities has been suggested to accommodate the new status quo.

Chinese president, at a major economic conference, stressed need to ‘comprehensively’ carry out instructions and act ‘vigorously’ to aid in country’s economic recovery.

In a departure from the West’s view on the role of finance, China has made the case for its own perspective on the industry, primarily as a tool for achieving policy goals and a buttress for weak links in the economy.

This year’s central financial work conference stressed greater control of the Communist Party over the finance sector, indicating a desire to manage risk – and a lack of interest in putting financial institutions on a similar track as their Western counterparts.

BALING: A van carrying the three Giant Cycling Team riders was involved in an accident during Stage Three of the Le Tour de Langkawi (LTdL) from Jeli, Kelantan to Baling, Kedah on Monday (Sept 25).

The denial of visas to reporters comes amid spiralling tensions between India and China along their disputed border in recent years.