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China’s largest banks are closing the door on retail precious metals trading after one of gold’s sharpest reversals in years. Starting July 24, major banks including ICBC, the world’s largest bank with roughly $7.6 trillion in assets, will stop individual clients from opening new precious metals positions linked to the …
This number is what caught my attention. China’s government debt to GDP ratio jumped from 90.4% to 99.2% in one year. Almost a 10 percentage point increase. That means debt grew much faster than the economy. China’s official GDP growth in 2025 was about 5.0%, but government borrowing increased at …
Nvidia went from 95% market share to effectively zero in China’s AI accelerator market after years of export restrictions. Even Jensen Huang is openly saying the market has been conceded. What was supposed to slow China’s AI ambitions is now accelerating domestic alternatives from companies like Huawei. China used to …
A gas explosion at a coal mine in China’s northern Shanxi province killed at least 82 people, local officials said Saturday, in what was the country’s deadliest mining accident in recent years. (AP video shot by Weiqun Zhang)