The U.S. released draft rules last March that constrain subsidy recipients from expanding chip production in “countries of concern,” including China.
Monthly Archives For April 2023
Apple triples India iPhone output to $7 billion in China shift
Apple is exploring ways to reduce its reliance on China as tensions between Washington and Beijing continue to escalate. Its longtime partners, who make most of the world’s iPhones from sprawling …
Alibaba Stock Rises as SoftBank Eyes the Exit. China Tech Sees the End of an Era.
Alibaba stock rose Thursday following a report that technology investment group SoftBank moved to sell down most of its remaining stake in the company, in which it was an early investor. It’s yet …
Xi Pivot Fails to Stop Exodus by Biggest Investors in China Tech
Xi Jinping led a parade of officials this spring vowing to revive China’s economy, hoping to repair the damage wrought by years of Covid Zero and regulatory clampdowns. Some of the world’s biggest …
More Than a Third of Americans View China as an ‘Enemy,’ Survey Shows
Some 38% of respondents to the survey labeled China as an “enemy,” up 13 percentage points from last year. More than half those polled described China as a “competitor,” while just 6% said the country…
China Exports Unexpectedly Jump in March. EV Makers Charge on as BYD, Nio Stocks Surge.
China’s exports surged in March, snapping five months of declines. The country’s sales abroad increased 14.8% from a year earlier defying expectations of another drop, according to official figures …
UPDATE 2-China’s iron ore imports hit Q1 record on hopes for recovery in steel demand
BEIJING, April 13 (Reuters) – China’s imports of iron ore surged nearly 10% in January-March to log a record for a first quarter, helped by expectations of stronger steel demand as the economy …
China’s March trade with Russia was robust despite weak global outlook
China’s exports to Russia more than doubled in March from a year earlier while imports also surged at a double-digit pace, Chinese customs data showed on Thursday, despite a gloomy global economic …
Hong Kong woos mainland China crypto firms in push to bolster finance hub status
After years of bankers quitting Hong Kong amid a China security crackdown and tight COVID curbs, the city is rolling out the red carpet to a finance sector tarnished by events elsewhere in a bid…
Twitter partners with eToro to let users trade stocks, crypto as Musk pushes app into finance
Twitter will give users the option to buy and sell stocks and other assets from eToro, the company told CNBC exclusively.
2023 China Brand Festival Women’s Forum Successfully Held
The 16th China Brand Festival Women’s Forum, themed “Bloom Your Beauty”, was hosted by TopBrand Union and sponsored by the Zhengzhou Municipal Government at the Zhengzhou International Convention and …
China’s Didi Global unveils robotaxi concept car called Didi Neuron
Chinese ride-hailing giant Didi Global showed off a robotaxi concept car it called “Didi Neuron” during a company event broadcast online on Thursday, which has robotic arms that can help passengers …
China’s reopening is weaker than expected but still a rare bright spot amid global economic gloom
The impact of China’s reopening has been muted due mainly to a patchy and tepid revival in economic activity in areas such as property and exports Even so, it is important to put things into…
