China lacks the software, equipment and capabilities for advanced chips, a weakness laid bare by the tech war between Washington and Beijing In the face of political calls for self-sufficiency, it is …
Monthly Archives For August 2022
China ships high-speed trains to Indonesia
ASIA NEWS NETWORK) – The first batch of Chinese-made high-speed trains, customised for the Jakarta-Bandung high-speed railway in Indonesia, will arrive in the South-east Asian country by the end of …
U.S., China sign agreement for Chinese company audits
The U.S. and China struck a deal that would allow American accounting regulators to inspect China-based audits and possibly prevent numerous Chinese companies from being kicked off American stock …
China’s telecom sector sees stable growth in Jan.-July
The emerging business revenue of China’s three telecom giants — China Telecom, China Mobile and China Unicom — surged 35.1 percent year on year to 184.3 billion yuan. In breakdown, the revenue for …
China’s July industrial profits down as COVID-19 curbs, heatwaves hit
Profits at China’s industrial firms fell 1.1% in January-July from a year earlier, wiping out the 1.0% growth logged during the first six months, country’s National Bureau of Statistics said …
Linklaters and Haiwen Advise on Hong Kong’s Largest IPO in 2022
Advised by Linklaters, Haiwen, Freshfields Bruckhaus Deringer and Jia Yuan Law Offices, China Tourism Group Duty Free raises $2.1 billion in its Hong Kong listing.
China July industrial profits down as COVID curbs, heatwaves hit
Profits at China’s industrial firms sank in July, reversing previous gains as fresh COVID-19 curbs dragged down demand and squeezed factory margins, while power shortages due to heatwaves threatened …
China’s industrial profits down 1.1 pct in first 7 months
Profits of China’s major industrial firms fell 1.1 percent year on year in the first seven months of 2022, official data showed on Saturday. Industrial firms each with annual main business revenue of …
4 cities in China’s Tibet cut off community transmission of COVID-19
Four cities in southwest China’s Tibet Autonomous Region have cut off community transmission of the COVID-19 epidemic, local authorities said Friday. The cities of Qamdo and Nagqu reported no new …
QUOTES-China and U.S agree deal on audit dispute
Washington and Beijing have reached an agreement allowing U.S. auditors to inspect China-based accountants, the first step in a process that could prevent around 200 Chinese companies being kicked off …
China’s heat wave is creating havoc for electric vehicle drivers
The country is a leader in EV adoption, but extreme weather is exposing weaknesses in its charging infrastructure.
China’s severe drought from the air
Southern China has recorded its longest period of drought since records began, 60 years ago. The country is now using cloud seeding to try and change the amount of precipitation that falls.
PCAOB signs pact with China to allow audit inspections
Under the agreement, inspectors will be able to see complete work papers without any redactions and select any issuer audits.
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