Schumer is asking lawmakers from both parties to work together a find ways to limit the flow of advanced technology to the Chinese government … generated by last year’s Chips and Science Act. “China …
Monthly Archives For May 2023
Escalation of China-Taiwan Tensions Could Create Mayhem for Chip-Reliant U.S. Tech Firms
The relationship between China and Taiwan is so tense that an accident, miscalculation or miscommunication could lead to military escalation, said Denis Simon, clinical professor of global business …
Column: Asia’s crude oil imports slip in April amid softer China, India
The strong start to the year for Asia’s imports of crude oil came to a halt in April, with arrivals dropping to a seven-month low as top buyers China and India trimmed purchases.
China’s Caixin manufacturing PMI slips into contraction for April
“This suggests that China’s economic recovery significantly slowed after Covid-19 infections peaked at the start of this year,” said Wang Zhe, an economist at Caixin Insight Group. Weak domestic …
Alibaba Spin-Off IPO In The US As Mainland Returns From Vacation
Asian investors cheered the potential Fed pause as the Asia Dollar Index gained +0.23% versus the US dollar, while Japan, Malaysia, and Thailand were on holiday.
Mexico develops own COVID-19 vaccine two years after US and China
Mexican officials are crowing about the country finally developing its own COVID-19 vaccine, more than two years after inoculations from the U.S., Europe and China were rolled out …
Foreign Firms in China Squeezed by U.S. Disclosure Demands, Beijing’s Security Clampdown
Foreign companies are walking a tightrope between their need for business intelligence to comply with U.S. sanctions and mounting concerns about the risks of carrying out due diligence.
Tech Unicorn Fourth Paradigm relaunches IPO, Riding AI Wave
Beijing Fourth Paradigm, backed by big-name investors, provides platforms and services to help companies develop customized AI The company has completed 11 rounds of fund-raising since its launch, …
Liz Truss planning to intervene if James Cleverly visits Beijing, as Tory splits over China deepen
China is expected to issue a formal invitation for Mr Cleverly to visit Beijing after the coronation following the Foreign Secretary’s pledge to “engage” with the country …
China’s new “Top Gun” normalises war with America
A new film about China’s air force tests that record of restraint. “Born to Fly”, made in close collaboration with the PLA, has topped the domestic box office during the May Day holidays. It depicts…
Volkswagen’s EV sales surge 42% despite slump in China
Volkswagen says it won’t cut prices to hold onto market share in China, where sales of its electric vehicles plunged in the first quarter amid intensifying competition.
China Unicom, Tencent announce joint venture plans
The new JV, roughly translated as Yunzhou Times Technology Co Ltd, was officially established in Beijing last week, China Unicom said on Thursday. The move came after the State Administration for …
China to take center stage at Worldwide Threat Hearing
On Wednesday, Senate Democrats announced a plan taking aim at China to limit the flow of technology, cash, and assets to the country and businesses there, as well as trying to deter any sort of…
