China’s years of stockpiling of crude and subsequent pullback on oil purchases since the Middle East war erupted in late February helped the world avoid a far deeper energy crisis. But that buffer may face a test as Beijing shows signs of resuming purchases, according to economists. “China kind of saved the day,” and helped…
XPeng’s humanoid robot IRON is on display during the 2026 Guangdong-Hong Kong-Macao Greater Bay Area International Auto Show on May 31, 2026 in Shenzhen, Guangdong province of China. Vcg | Visual China Group | Getty Images Chinese companies rushed into electric cars a decade ago, and now they are expanding into humanoid robots as the…
GUANGZHOU, CHINA – JULY 14: The exterior of an Agricultural Bank of China (ABC) branch building is seen on July 14, 2026, in Guangzhou, Guangdong Province, China. Cheng Xin | Getty Images News | Getty Images China’s finance ministry is leading a smaller-than-expected $54 billion capital injection into state-owned banks and insurers, as Beijing seeks…
China was once one of the most attractive and fastest-growing markets for many American brands. With its population of more than 1.4 billion people and massive opportunities for businesses, companies were racing to take advantage of the boon that China could offer. But in recent years, some consumer brands, including Nike, Starbucks and General Motors,…
Traders work on the floor of the New York Stock Exchange during morning trading on July 30, 2026 in New York City. Michael M. Santiago | Getty Images Hello, this is Anniek Bao writing to you from Singapore. Welcome to another edition of CNBC’s Daily Open. The Dow just notched its fifth straight record close,…
Traders work on the floor of the New York Stock Exchange during morning trading on July 24, 2026 in New York City. Michael M. Santiago | Getty Images Investors are becoming more willing to increase their exposure to international equities, as concerns over the dominance of the “Magnificent Seven” technology giants encourage diversification away from…
PARIS, FRANCE – JUNE 24: Pedestrians use umbrellas to shield from the sun as record-breaking high temperatures continue in Paris on June 24, 2026 in Paris, France. Li Yang | China News Service | Getty Images Europe wants to narrow its record trade deficit with China by October, but the bloc’s worst-ever heat wave is…
Citizens gather to purchase and scratch instant lottery tickets at a lottery ticket booth on June 21, 2026 in Guangzhou, Guangdong Province of China. Vcg | Visual China Group | Getty Images BEIJING — China’s consumer spending slowdown persisted in June, with growth during one of the country’s largest online shopping festivals weakening sharply from…
A food delivery driver drives past the headquarter of China’s travel agency Trip.com Group in Shanghai on January 15, 2026. Jade Gao | Afp | Getty Images Beijing has stepped up corporate regulatory enforcement this year, though analysts say it’s unlikely to pursue a repeat of the 2021 crackdown that wiped out more than $1…
China and the United States have provided critical support to the oil market and helped ease the huge supply disruption in the Middle East and kept energy prices from surging even higher. The oil market has lost about 10 million barrels per day (bpd) of exports from the Persian Gulf due to Iran’s blockade of…
