Alibaba blamed U.S. chip controls for its decision to abandon plans to spin-off its cloud computing unit as an independent company.
Monthly Archives For November 2023
China’s Rivalry With Musk’s SpaceX Moves to Even Lower Orbit
While notching major wins such as landing on Mars and operating its own space station, China trails the world’s richest man in low-Earth orbit — a zone within 2,000 kilometers (1,240 miles) of the planet’s…
Chinese national indicted by federal grand jury for illegally manufacturing COVID-19 tests
“According to court documents, between January 2020 and March 2023, through the companies Universal Meditech Incorporated (UMI) and Prestige Biotech Incorporated (PBI), Zhu sold hundreds of thousands …
China to Send New Pandas to US as a Sign of Friendship
China’s President Xi Jinping announced on Wednesday that his country will send new pandas to the United States as a gesture of friendship and cooperation, amid the ongoing tensions and challenges …
Volvo’s shares crash to all-time low as China’s Geely cuts stake
Shares in Volvo Cars tumbled as much as 13% Friday to hit a record low after its biggest shareholder Geely sold part of its stake at a discount to the market value.
China policy expert warns US facing a ‘dangerous’ situation where ‘war can start’
China offered promises to the U.S. “that they are not going to keep” following Biden and Xi Jinping’s meeting, Gatestone Institute senior fellow Gordon Chang says.
Don’t be fooled by Biden and Xi talks − China and the US are enduring rivals rather than engaged partners
Moreover, summits like the one in San Francisco signal that both the U.S. and China are jointly committed to at least keep talking, helping ensure that a rocky relationship doesn’t descend into …
What China’s Xi gained from his Biden meeting
When Chinese President Xi Jinping met executives for dinner on Wednesday night in San Francisco, he was greeted with not one, but three standing ovations from the U.S. business community.
China to allow road trials of intelligent connected vehicles
China will allow road trials of some intelligent connected vehicles (ICVs) in designated city areas, the industry ministry said on Friday. The world’s largest auto market has set its long-term …
China takes on Elon Musk’s Starlink with hundreds of low-orbit satellites
A Chinese company plans to launch the first in a network of 300 very-low-earth-orbit satellites in December.
Linklogis Hosts Industry-Finance Treasury Forum in Beijing
The development of treasury systems is increasingly seen as a key method for state-owned enterprises to deepen reforms and strive towards becoming world-class enterprises. The Industry-Finance …
Ransomware attack on Chinese bank highlights fragility of the $33.7 trillion Treasury market
A ransomware attack hit China’s biggest bank, the Industrial and Commercial Bank of China (ICBC) on Thursday, preventing it from settling some trades in U.S. Treasuries. News of the attack riled some …
China’s WuXi XDC jumps 40% in Hong Kong trading debut
Chinese medical research group WuXi XDC’s shares have risen nearly 40 per cent as the stock started trading on the Hong Kong Stock Exchange (HKEX) on Friday.The firm raised $470 million in its initial public…
