Nvidia is kicking off the new year with the focus on its exports to China. The chip maker still looks to be struggling to balance the demands of Chinese customers and U.S. regulators.
Monthly Archives For January 2024
Beijing detains consultant it says spied for Britain
A researcher at the British parliament was arrested last year under the Official Secrets Act and subsequently denied spying for Beijing. China, which has a broad definition of state secrets, has …
China detains suspect accused of spying for Britain’s secret intelligence service
China has detained a suspect who is accused of collecting state secrets on behalf of Britain’s secret intelligence service MI6 since 2015, officials say.
Exclusive-China closes local government offshore financing loophole -sources
SHANGHAI (Reuters) -Chinese regulators have closed a regulatory loophole that last year allowed heavily indebted local government financing vehicles (LGFVs) to further increase their borrowing, four …
China’s forex reserves expected to increase in 2024
The official gold reserves may further increase as the country diversifies reserve assets, said Wang Youxin, a senior researcher at the Bank of China. “The US government debt problem will further …
China’s data authority vows to build more information infrastructure
China must speed up building information infrastructure if the country wants to build a better digital data market, said Liu Liehong, head of China’s National Data Administration (NDA). Liu made the …
U.S.-China Trade Dispute Fades as Chinese Tech Firms Shine at CES 2024
China recorded second place with a close difference, with 1,114 companies (25.8%) participating. Before the spread of COVID-19, China accounted for 35% of all companies participating in CES. However, …
Asia thermal coal imports hit record, but supply keeps prices muted
Asia’s imports of seaborne thermal coal rose to a record high in December as top buyer China sucked up cargoes amid peak winter demand.
Apple’s China headache worsens as iPhone faces double-digit sales slump
Apple isn’t likely to see its iPhone sales recover from a sluggish start, with Jefferies forecasting a significant drop in volumes for 2024.
China says foreign consultancy boss caught spying for U.K.’s MI6 intelligence agency
China’s spy agency says the foreign head of a consultancy entered the country several times with instructions from MI6 “to collect China-related intelligence for Britain.” …
What Xi Jinping’s Purge of Military Elites Means for China
The Chinese military has undergone a dramatic overhaul with the expulsion in late December of nine military officials from the National People’s Congress, the country’s rubber-stamp legislature, according to the official news service Xinhua.
Chinese property firm Evergrande’s EV company says its executive director has been detained
A top executive of China Evergrande’s electric vehicle company has been detained by police in the latest sign of trouble for the world’s most heavily indebted property developer. China Evergrande New Energy Vehicle announced the…
Xi Vows to Deepen China’s Sweeping Anti-Corruption Crackdown
China’s President Xi Jinping pledged to deepen the country’s anti-corruption crackdown, particularly in capital-intensive sectors, and will increase punishment for people who offer bribes.
