The U.S. House of Representatives passed sweeping legislation on Thursday to subsidize the domestic semiconductor industry as it competes with Chinese and other foreign manufacturers, sending the bill …
Monthly Archives For July 2022
U.S. Congress poised to pass long-awaited bill to boost chipmakers, compete with China
The U.S. House of Representatives is set to pass sweeping legislation on Thursday to subsidize the domestic semiconductor industry as it competes with Chinese and other foreign manufacturers, despite …
‘Downplay it’: TikTok staff told to throw journalists off the scent of its China-sized image problem
From instructional videos and clever life hacks to social media challenges, TikTok’s unique mix of user-generated content with an uncannily effective AI-powered algorithm has taken the world by storm.
This is where China is investing its billions (and why)
China’s leader Xi Jinping once described the initiative as … Seasoned observers say there is an increasing focus on building new export markets. “Beijing wants to turn low-income countries into …
China may have gained from Indian export duty hikes on steel products
The impact of export duty hike on certain steel products was well evident in the June quarter, with shipments declining 26% sequentially, and by nearly 40% from a year earlier to 2.88 million tonnes …
Iranian trade with China on the rise
Iranian state media today reported a significant increase in the Islamic Republic’s trade with China. Iranian exports to China rose 31% from January to June of 2022, reaching around $4.1 billion.
Xi Gives Biden Fiery Warning on Taiwan, Beijing Says
President Joe Biden and Chinese President Xi Jinping spoke for more than two hours on Thursday amid rising tensions between their two nations.
These spooks picked Beijing’s world domination plan 40 years ago
As high-level dialogue between Beijing and Canberra resumes following the election of the Albanese government, a secret briefing paper prepared by the department of foreign affairs in 1980 is …
China’s Xi gave Biden a fiery warning on Taiwan, Beijing says
According to a description of the call released by Beijing, Xi emphasized China’s claim over the island, which has governed itself for decades. “Those who play with fire will perish by it,” according …
China’s Xi Jinping Warns President Joe Biden Against ‘Playing With Fire’ Over Taiwan
The two leaders spoke for two hours Thursday morning about Ukraine, tariffs and Nancy Pelosi’s intention to visit Taiwan …
Biden speaks with China’s Xi for over 2 hours amid tensions with Taiwan
The scheduled call between President Biden and Chinese President Xi Jinping came amid heightened tensions over Taiwan.
Financial Times: Central Bank of China plans to allocate up to $148 billion to rescue the real estate sector
Beijing is trying to mobilize up to 1 trillion … which played a big role in reducing annual growth to just 0.4% in the second quarter, the People’s Bank of China will initially lend about…
Billionaire Jack Ma to cede control of financial tech giant
A regulatory crackdown that scuppered its $37 billion IPO in 2020 and led to a forced restructuring of the financial technology behemoth.
