Voting in the Senate on a bill to boost the U.S. semiconductor industry and improve competitiveness with China could begin as early as Tuesday, Senate Majority Leader Chuck Schumer has been telling …
Monthly Archives For July 2022
Beijing residents asked to wear monitoring bracelets to enforce COVID quarantine, prompting outcry
As Beijing implements strict new coronavirus quarantine measures, growing criticism from the Chinese people signals widespread COVID fatigue across China.
Commentary: Experiencing quarantine as a ‘high risk’ family in zero-COVID Beijing
After his father-in-law went to a food market that had been visited by a close contact of a COVID-19 case, the Financial Times’ Ryan McMorrow writes about his home quarantine experience in their small …
China urges UN to ban small arms to criminal gangs in Haiti
China urged the U.N. Security Council on Thursday to try to cut off the supply of small arms, light weapons and ammunition to gangs in Haiti, which has been unable to stem an upsurge in…
Viral video of man storming his ex-wife’s home before alleged sexual assault sparks outrage in China
Police detained a man in China who was accused of rape after surveillance footage of him ambushing his ex-wife and daughter went viral on social media. The surveillance footage, which circulated …
Senate could proceed on slimmer, chip-focused China competitiveness bill next week
Lawmakers hope to send chip-funding legislation to President Joe Biden before Congress goes on its annual recess next month.
Intimidation, crackdowns blow the lid off Chinese rural banking scandal
A massive scandal worth tens of billions of yuan is rocking the critical rural banking sector in China. Authorities blame a “criminal gang” for illegally siphoning off depositors’ money and …
Barclays seeks entry into China’s US$4.3 trillion asset management market
Barclays is seeking a Chinese banking partner to set up an asset management joint venture in the country, two people with knowledge of the matter said, as part of British lender’s plans to expand its…
U.S. Congress needs to act next week on China chip bill, Raimondo says
U.S. Commerce Secretary Gina Raimondo said on Thursday that the Biden administration would support a pared-down version of legislation to boost the U.S. semiconductor industry and improve …
‘Grave national security threat’: Congress may give billions to US chip manufacturers to compete with China
Congress is poised to provide a multi-billion dollar subsidy to U.S. semiconductor chips manufactures in an attempt to outcompete China.
China’s budget deficit widens 600% as Covid-19 pandemic cuts revenue
The deficit in the budgets for all levels of government was 5.1 trillion yuan ($758 billion), according to Bloomberg calculations based on data from the Ministry of Finance released Thursday …
Chinese fast-fashion company Shein seeks U.S. IPO as soon as 2024, report says
Shein, the Chinese fast-fashion giant, has faced criticism over how workers are treated at plants that manufacture apparel for the company.
Beijing-Shanghai High-Speed Railway to Post First Quarterly Loss Since IPO
Beijing-Shanghai High Speed Railway Co. Ltd. (601816.SH) expects to report its first quarterly loss since the railway operator went public in 2020 as train travel shrinks amid strict pandemic control …
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