Washington’s new export rules, intended to prevent the Chinese military from acquiring advanced AI chips for weapons development, would not have an immediate impact, but they might impede the PLA’s modernisation drive,
Monthly Archives For October 2023
Future of Finance: Coinbase’s Shirzad on public policy, crypto companies shaking off the FTX stigma, and empowering the unbanked
The Stand with Crypto Alliance just launched … U.K., and maybe, most importantly, China—to adopt digital asset innovation into their financial system and into their national technology strategies.
China’s Belt and Road Initiative: A Shift Towards Smaller, Greener, Digital Projects
China’s ambitious infrastructure project, has been met with growing challenges. Despite this, a facet of the initiative has emerged as a notable success – its unexpected pivot towards smaller, greener …
China empowers BRI partners in building vaccine production systems
A medical worker administers a dose of COVID-19 vaccine to a senior resident in Hufeng Village of Wenchang, south China’s Hainan Province, Dec. 22, 2022. (Xinhua) China is supporting Belt and Road …
China and India’s Firepower Along Their Disputed Border
China has added more firepower to the border with India in 2022, marking a continued phase of military tensions, according to a new report. China and India are said to have deployed 100,000 soldiers each…
China’s troubled property sector to face more debt defaults
More debt defaults are likely to emerge in China’s property sector as troubled developers struggle with a weak home sales outlook, while fund raising remains challenging, according to credit analysts.
China’s commercial banks saw a net forex settlement deficit of 96.4 billion yuan (about 13.43 billion U.S. dollars) in September.
In the bustling epicenter of global finance, a new saga is unfolding. China’s commercial banks, the backbone of the world’s second-largest economy, are grappling with a net foreign exchange (forex) …
Nestlé plans to close an infant formula factory due to China’s plunging birth rate
Food giant Nestlé said it plans to shut down an infant formula factory, citing China’s falling birth rate, according to a company statement.
Hong Kong’s South China Morning Post wins big at 2 sets of media awards with 4 golds and 6 silvers during its 120th anniversary celebrations
The Post’s other three silvers at the awards were for its Covid-19 reporting, best breaking news article and best feature article. They included “China’s reopening: the impact of Beijing’s U-turn on …
China’s teapot refiners battle rising costs of imports from Russia, Venezuela
Rising costs of crude oil are squeezing profits at China’s independent refineries amid stiff competition for limited Russian supply, while the price of Venezuelan crude gains ground after the U.S. freed up sanctions on its…
28th MIF: Shenzhen calls for modern services cooperation with Lusophone countries
A Shenzhen commerce official has urged Macau and Portuguese-speaking countries to strengthen cooperation with the city in the spheres of modern services …
Beijing is reportedly preparing to scupper Broadcom’s $69 billion U.S. merger in retaliation against Biden’s new chips rules
Beijing antitrust regulators spent so long evaluating a $5.4 billion acquisition by Intel Corporation that the U.S. chipmaker eventually gave up. Now, the country may try to use the same strategy against another U.
Property Market Becomes Lead Weight for China’s Economy
On Wednesday, the NBS announced that China’s GDP growth stood 4.9 percent, which was above the earlier projection, which stood at 4.5 percent in a poll of economists conducted by Reuters. On a quarterly basis,…
