The Trump administration announced on Monday it will further tighten restrictions on Huawei Technologies Co, aimed at cracking down on its access to commercially available chips. ( read original story …)
Monthly Archives For August 2020
Exclusive: U.S. to tighten restrictions on Huawei access to technology, chips, sources say
The Trump administration is set to announce on Monday it will further tighten restrictions on Huawei Technologies Co, aimed at cracking down on its access to commercially available chips, officials … ( read original story…
China’s Shenzhen adds more virus tests for frozen food imports
China’s Shenzhen city is requiring additional tests on frozen meat and seafood, after finding the coronavirus on chicken wings from Brazil last week. ( read original story …)
Chinese stocks surge to a 2-year high after China’s central bank announces $101 billion of fresh stimulus
The People’s Bank of China added 700 billion yuan ($101 billion) of one-year funding through a medium-term lending facility on Monday. ( read original story …)
The decoupling of the US and China has only just begun
After 40 years of ever deeper economic integration between the US and China, it is hard to imagine a real severance of ties. Many executives believe that politicians in Washington and Beijing will … (…
Bitcoin Price Gold Correlation Crashes 20%: 5 Things to Know This Week
Bitcoin’s network fundamentals are as bullish as ever, but $12,000 may spark a retest of lower price levels, an analyst warns … ( read original story …)
China DNA Firm Unit Considers $1 Billion Shanghai IPO
BGI Group, the world’s biggest DNA-sequencing company, is considering an initial public offering of its equipment unit on Shanghai’s Star board as early as this year, people with knowledge of the … ( read original…
U.S. Executives Who Left China Amid Pandemic Are Stuck Abroad—and May Never Return
Thousands of China-based U.S. and other foreign business executives remain stranded outside the country due to coronavirus-related travel restrictions, leading some to give up hope of returning and … ( read original story …)
Xiaomi, ZTE and Chinese 5G stocks rally as Shenzhen becomes first mainland city to be covered by high-speed telecom network
Traders boost 5G stocks, including Xiaomi and ZTE, as they expect the roll-out of the high-speed telecom network to be accelerated across the country. ( read original story …)
From China to Israel, Where Kamala Harris Stands on Foreign Policy
Joe Biden’s vice presidential pick aligns with much of his foreign policy platform, including his commitments to multilateralism and diplomacy. ( read original story …)
China Mobile sees growth in H1 2020, as 5G rollout continues
The company deployed 188,000 in the first half of 2020, as its gargantuan 5G rollout continued it earnest. The company said that it was on course to hit its target of 300,000 base stations by…
As U.S. targets China tech, TikTok rival Bigo shifts servers from Hong Kong
BIGO Technology, a smaller rival of embattled Chinese appmaker ByteDance, is shifting servers from Hong Kong to Singapore, out of the reach of a new national security law at a time when it is seeking…
Future FinTech Plans to Enter the Challenger Bank and Digital Payment Sector
Future FinTech Group Inc. (NASDAQ: FTFT) (“Future FinTech”, “FTFT” or “the Company”), a leading blockchain e-commerce and financial technology company, today announced it plans to enter the challenger … ( read original story …)
