Chip makers Samsung, SK Hynix and TSMC can maintain their operations in China for the foreseeable future, but significant tech upgrades could prove difficult.
Monthly Archives For October 2023
China issues guidelines to promote high-quality development of inclusive finance
BEIJING, Oct. 11 (Xinhua) — China’s State Council has released a guideline document specifying policies and measures to promote the high-quality development of inclusive finance over the next five …
China State Fund Buys Bank Shares, Fueling Market Rescue Hopes
China’s sovereign wealth fund increased its stake in the nation’s biggest banks for the first time since 2015, stoking speculation that authorities will intensify efforts to prop up its sinking stock …
OCBC’s Private Bank To Forge Ahead in China Despite Economic Slowdown
Amid an ongoing economic slowdown in China, Singapore-based private bank OCBC has declared its plans to expand its workforce in the country, a move that stands in stark contrast to the caution …
Emerging Markets Outperform: A Spotlight on China, Israel and Sri Lanka
China, the world’s second-largest economy, has been a focal point for investors in emerging markets. With its robust recovery from the COVID-19 pandemic and its government’s push for a more balanced …
China’s E-Commerce Dominance Should Buoy KWEB
And even in a post-pandemic world, this trend should persist. “The Covid-19 pandemic further accelerated e-commerce activities in China, as wary consumers are increasingly using online channels for …
The world will pay a high price if China cuts off supplies of chipmaking materials
Just one month after China announced it would curb exports of germanium and gallium, both essential for making semiconductors, its overseas shipments of the materials fell to zero.
China consumers are ‘not out of the woods yet’: Bank of America
CHINESE consumers remain downbeat about the world’s second-biggest economy, despite initial signs of improvement in recent activity data, a Bank of America (BofA) survey showed. Read more at The …
China’s Economic Stake in the Middle East: Its Thirst for Oil
China is the largest oil importer by far from Saudi Arabia and from Iran, highlighting the risk it faces if the war in Israel and Gaza were to broaden.
Pheton Holdings Files for IPO
By Ben Glickman Pheton Holdings on Wednesday filed for an initial public offering with the U.S. Securities and Exchange Commission. The Chinese …
China to host Belt and Road forum in Beijing Oct 17-18
China will host its third Belt and Road Forum next week, its foreign ministry said on Wednesday, a President Xi Jinping signature event that President Vladimir Putin is due to attend on a rare trip…
Sam Bankman-Fried bribed China $100M to unfreeze crypto accounts, Caroline Ellison testifies
Caroline Ellison, the former CEO of Alameda Research and ex-girlfriend of FTX founder Sam Bankman-Fried, testified Wednesday that the duo bribed Chinese officials $100 million to regain access to more …
China Bolsters Social Security Net to Aid Low-Income Groups Amid Post-Covid Economic Strife
China’s State Council is gearing up to fortify its social security net, a move aimed at providing crucial support to low-income groups who are grappling with the aftermath of the Covid-19 pandemic’s …
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