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US, China should seek truce in tech cold war

It would be easy to dismiss the Trump administration’s campaign against Chinese apps TikTok and WeChat as part of an election strategy to attack China from all angles. The moves, however, as well as China’s counter-response, are contributing to a deeper problem at the heart of the global economy — one that can’t be resolved unless the world’s two biggest ...

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Airbus jet use shows China props up ‘recovery’

Bloomberg A snapshot of Airbus SE plane use outlines a tentative recovery still dependent on China, and continued challenges for wide-body aircraft as carriers adjust to a lack of demand. Of the 10,404 Airbus planes in global fleets, almost two-thirds had flown at least once in the previous five days, according to an August 24 newsletter sent by the European ...

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Chinese shoppers splash on luxury goods, not on ‘eat out’

Bloomberg Chinese consumers are back to binging on luxury handbags, cosmetics and cars. But this shopping enthusiasm is not extending to mass consumption in sporting goods and restaurants. An uneven recovery is under way in China as the world’s biggest consumer market also becomes one of the first nations to rebound from the coronavirus pandemic that continues to ravage the ...

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