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Monthly Archives For August 2022
China’s Chery in talks to produce cars in Russian plants -TASS
Chinese car manufacturer Chery is in talks with Russian manufacturers about producing cars in Russian plants, Russia’s state-owned news agency TASS reported on Thursday, citing Vladimir Shmakov, …
Wuxin Tech Hopes IoT Focus Will Divert Attention From Chinese Roots In U.S. IPO Bid
Wuxin Technology is looking to raise up to $39M in a New York IPO, joining a small group of Chinese companies still looking to tap US markets despite frosty China-US relations.
Dozens dead or missing as floods hit western China and heat and drought shut down industry in another region
As flash floods leave more than 30 people dead or missing in Qinghai province, heat and drought force car plants to close in Shanghai.
Estee Lauder forecasts dour 2023 due to China COVID lockdowns
Estee Lauder Cos Inc on Thursday forecast full-year sales and adjusted profit below estimates, due to a hit from COVID-19-related lockdowns in major market China.
China’s Bona Film Group Valued At $1.5B In Shenzhen Trading Debut
China’s Bona Film Group, producer of such hits as The Battle At Lake Changjin, made its debut on the Shenzhen stock exchange on Thursday, with shares closing the day at RMB 7.24 ($1.07). This was…
U.S. to hold trade talks with Taiwan amid heightened tensions with China
The U.S. and Taiwan are discussing a trade treaty in a new sign of Washington’s support for the self-ruled island in the face of China’s anger.
Factory Shutdowns, Showers for Pigs: China’s Heat Wave Strains Economy
A severe drought has dented energy supplies and disrupted access to water for hundreds of thousands. Cities order rolling blackouts; farmers rush to save crops.
Inside the software that will become the next battle front in US-China chip war
That’s where electronic design automation (EDA) software comes in. It’s a category of tools that help electrical engineers design and develop ever more complex chips. This software now forms the …
China EV Battery Factories’ Temporary Shutdown Raises Concerns About Raw Material Prices
China’s Sichuan province depends largely on dams for electricity, and this reliance is affecting the power grid.
China opposes U.S. chip act, to take measures to safeguard rights
China opposes a new chips act passed by the United States and will take forceful measures to safeguard its legitimate rights when necessary, said China’s commerce ministry on Thursday.
China’s non-financial ODI up in Jan-July
In US dollar terms, ODI rose 3.6 percent from the same period a year ago to $65.06 billion, according to the Ministry of Commerce. China’s non-financial ODI into countries and regions related to the …
China prepares to launch yet another new solid rocket, the Smart Dragon 3
China Rocket Co. Ltd. is a spinoff from the China Academy of Launch Vehicle Technology (CALT), and the four-stage solid-propellant Smart Dragon 3 will be used to launch satellites …
