The US, Japan and South Korea are to create a leader-level hotline and hold annual joint military exercises as part of a historic trilateral agreement that will help Washington and its Asian allies boost deterrence…
Monthly Archives For August 2023
China Torpedoes Intel’s Bid to Buy Israeli Chip Maker Tower Semiconductor
Intel scrapped its more-than-$5 billion offer to buy Tower after Chinese regulators failed to approve the deal in time, the latest sign of fallout from the U.S.-China battle over tech.
China to make steady progress in chip equipment self-sufficiency amid gradual market recovery, UBS survey finds
According to survey, 11 per cent of IC product purchasing managers said that they are ‘much more’ actively considering using domestic chips.
China real estate: would-be buyers ask whether it’s a home or a hindrance as they seek to wait out market turmoil
Many are calling for a loosening of home- and car-buying restrictions that major cities such as Beijing have imposed for years, to help avoid a hard landing in the property market that would have deep…
Beijing Investing in Network of Global Chinese Naval Bases, Researchers Find
A team of researchers have identified likely locations of future Chinese naval bases not only in the Indo-Pacific but as far away as the Atlantic coast of Africa. China invested in a “whole swath of…
China’s Latest Issue: Nobody Wants To Go There Anymore
Shanghai’s and Beijing’s airports are nearly deserted. Foreign investment is down 80 percent. Yet we all benefit from the exchange between cultures.
State Investors to Inject $1.7 Billion in Shenzhen Wafer Foundry
State investors including China’s biggest government-backed chip investment fund agreed to pour 12.6 billion yuan ($1.7 billion) into a wafer production project in Shenzhen as the country strives to …
China appears to be constructing airstrip on disputed South China Sea island that is also claimed by Taiwan
An airstrip appears to be being constructed by China on a disputed island in the South China Sea. The island is also claimed by Taiwan and Vietnam.
U.S. SEC says will continue to carefully review China IPO prospectuses
The U.S. securities regulator will continue to carefully review issuer filings, it said on Wednesday in response to a Reuters report that Chinese offshore issuers are toning down China-related business risks in their listing documents.
Oil settles lower as China fears, rate hikes counter tight US supply
Oil prices settled lower on Wednesday despite a large drawdown in U.S. crude stocks as investors weighed worries about China’s embattled economy against expectations of tighter supply in the United States.
Dollar ticks higher versus yen, China fears drag on yuan
The Japanese yen further weakened against the dollar on Wednesday, hovering in a zone that last year triggered intervention, while the yuan slipped to a nine-month low as fears mounted about the extent of China’s…
China’s deepening property crisis threatens trouble
If property continues to weaken, the government may ask banks to offer more loans to the industry, says Michael Chang of cgs-cimb Securities, a broker. This would lower returns and also be a poor …
UPDATE 1-Foreign investors reduce China’s onshore bond holdings in July
Foreign institutions held 3.24 trillion yuan ($444 billion) in bonds traded on China’s interbank market as of the end of July, the central bank’s Shanghai head office said on Tuesday, down from 3.28 trillion yuan…
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