A grim future awaits the United States if it loses the competition with China on developing key technologies like artificial intelligence in the near future, the authors of a special government-backed …
Monthly Archives For September 2022
US approaching ‘critical time’ in tech race with China, report says
The 2025 to 2030 period will prove critical in deciding whether the U.S. keeps pace or falls behind in the technology battle.
China’s cellphone shipments shrink in July
BEIJING – China’s shipments of cellphones saw a decline in July, with fewer new models hitting the domestic market, industrial data showed on Tuesday. Domestic shipments of cellphones totaled 19.908 …
China launches military communications satellite to orbit (video)
Zhongxing-1E satellite aloft atop a Long March 7A rocket. The launcher lifted off at 9:18 a.m. EDT (1318 GMT; 9:18 p.m. Beijing time) from the Wenchang Space Launch Site on the island of Hainan and…
China buyout of chip firm ‘to be reversed’: Business Secretary Jacob Rees-Mogg plots action following takeover of Newport Wafer Fab
The Government plans to order Dutch firm Nexperia – owned by China’s Wingtech – to reduce its stake in Newport Wafer Fab substantially.
Report: US to place new restrictions on chip technology exports to China
Commerce Department officials are expected to announce the export restrictions next month. However, there is reportedly a chance that the announcement will be pushed back to a later date. The upcoming …
China tells banks to report exposure to Fosun: Report
Chinese regulators have told the country’s biggest banks and state-owned firms to start a round of checks on their financial exposure to Chinese conglomerate Fosun International, Bloomberg News …
Back in business: Why China is willing to cooperate on US stock audits
Despite rising geopolitical tensions, the United States and China moved to cooperate on a key financial issue – but to build trust, action must follow words.
How China became big business for Twitter
Even as China bars 1.4 billion citizens from Twitter, its local authorities are splurging on global advertising on the site, helping make the country the platform’s fastest-growing overseas ad market …
IMF’s Georgieva says China, other big creditors must work to prevent debt ‘explosion’
China and other big creditors have a responsibility to prevent the debt problems facing emerging market and low-income countries from exploding, International Monetary Fund Managing Director …
EU intelligence chief cancels Taiwan trip after Beijing learns his secret plans
Questions are being raised about how a high-level EU official’s travel plan was leaked to China. The European Union’s top intelligence official canceled a trip to Taiwan after his top-secret …
U.S. considers China sanctions to deter Taiwan action; Taiwan presses EU
The U.S. is considering options for sanctions against China to deter it from invading Taiwan, with the EU coming under diplomatic pressure from Taipei to do the same.
US will lose China tech war if 5G, AI, microchip ‘core’ fronts are not fortified, report warns
Years between 2025 and 2030 to be critical, and the US must take action on three fronts or lose, first Special Competitive Studies Project report says ‘We only have one budget cycle to get this…
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