China urged owners of sensitive computer equipment to stop purchasing goods from the largest chipmaker in the United States.
Monthly Archives For May 2023
Decoding China’s Escalation of the Chip War
Beijing’s ban on U.S. chipmaker Micron is its first in-kind retaliation to numerous U.S. policies targeting China’s semiconductor firms.
Over 2000 Brands Showcased at 25th China International Baking Exhibition
The 25th China International Baking Exhibition opened at the National Convention and Exhibition Center in Shanghai on Monday, bringing nearly 10,000 exhibits for over 2,000 brands together from over …
Alibaba to cut 7% of workforce in its cloud unit as it pursues IPO for the division
Still, Alibaba has made some headway with its cloud business over the past few years. It is the number one player by market share in China and number two in Asia-Pacific, just behind Amazon, according…
Alibaba reportedly cutting 7% of jobs in cloud unit on track toward IPO
In March, Alibaba had said it would restructure by splitting into six different units, a bid to raise the overall valuation following a tough crackdown by China on the tech sector. Those units were …
China to see new Covid-19 wave, cases to peak at 65 million a week
This comes even as China’s authorities are rushing to bolster their vaccine arsenal with the sole aim to avoid yet another pandemic.
China Fears U.S. Debt Default as Much as Anyone
A financial crisis triggered by a partisan impasse over the debt ceiling, analysts say, would have disastrous consequences for the U.S. economy as well as the markets of its allies and adversaries, …
China Vows to Stabilize Growth, Curb Risks by Boosting Audits
China pledged to step up auditing work this year to ensure that Communist Party officials are enforcing the nation’s major policy initiatives, including stabilizing economic growth, employment and …
China Hopes World Has Adequate Immunity from Effects of Debt-Driven US Financial Risks
China has expressed the hope that the United States, as the world’s largest economy, will not attempt to shift its financial risks onto the international community, Chinese Foreign Ministry …
New Crypto Rules Suggest Hong Kong Is ‘Testing Ground’ for China, Say Experts
Incoming crypto regulations in Hong Kong, which would let retail users invest in tokens, may be an experiment for mainland China.
Palm-scanners on Beijing metro offer commuters a new way to pay
Beijing commuters are thought to have become the first travellers in the world to pay for their journey using their palm prints. The futuristic payment system w …
China’s new ambassador to the US expected to arrive in Washington Tuesday on heels of G7 summit: report
China’s new U.S. ambassador, Xie Feng, is reported to assume the role this week after President Biden said relations Beijing would “thaw very shortly.” …
China and Russia, Targets at G7 Summit, Draw Closer to Fend Off West
Beijing and Moscow are holding visits this week as alarm grows in China that Western countries backing Ukraine are turning their attention to Asia.
