ASML cancels chipmaking equipment shipments to China as per US request; Dutch restrictions to take effect in January. US officials asked ASML to halt
Monthly Archives For January 2024
China tightens grip on crypto with cold storage regulations
The Chinese media has recently highlighted a growing concern regarding the misuse of cryptocurrencies by corrupt officials. A particular point of worry is using cold storage methods, which allow these …
China’s EV Champion BYD Will Take on the World in 2024
China’s electric-vehicle maker BYD will be on top of the world this year, with overseas markets its main battleground. At home, it already surpassed Volkswagen as the most popular car brand in China …
Jack Ma’s Alibaba was once China’s answer to Silicon Valley giants – but its turnaround plan appears to be in trouble
The Chinese tech firm was once Asia’s most valuable company, but insiders say it’s struggling with a drastic restructuring plan, the Financial Times reported.
China lifts policy bank loans, raising expectations for ailing housing sector
Beijing plans to provide at least 1 trillion yuan of low-cost financing to China’s urban village redevelopment and affordable housing programmes to shore up its struggling property market.
China lifts policy bank loans, raising housing support expectations
China’s central bank made 350 billion yuan ($49.1 billion) in loans to policy banks through its pledged supplementary lending (PSL) facility in December, data showed, fuelling expectations of …
ASML shares dip after Netherlands pulls licence for some China exports
Computer chip equipment maker ASML said the Dutch government had partially revoked an export licence for the shipment of some of its machines to China, prompting a dip in shares and criticism from Beijing on…
Drone captures China unleashing tsunami of Europe-bound Tesla electric cars
Witness the electric surge as Giga Shanghai floods the port with Teslas, ready to electrify roads across continents.
Nicaragua, China’s Free Trade Agreement Comes Into Effect
Nicaragua will export food items such as meat and seafood, such as fish, shrimp, lobsters, sea cucumber, sugar, peanuts and rum.
M&As Overtake IPOs as Main Route for China’s Venture Capitalists to Recoup Funds
With the tougher IPO climate, more companies are carefully considering M&As as investors seek to recoup their investment, said Chen Jie, the executive in charge of global M&As at the investment …
Global Impact: time to reflect on 2023 for mainland China, Hong Kong and the rest of the world, and look ahead to 2024
In this issue of the Global Impact newsletter, we look back at the events that shaped 2023, and looks forward to what we can expect in mainland China, Hong Kong and the rest of the…
China factory activity growth accelerated in Dec – Caixin PMI
China’s factory activity expanded at a quicker pace in December due to stronger gains in output and new orders, but business confidence for 2024 remained subdued, a private-sector survey showed on …
Hong Kong beat China at football for first time in 29 years
I don’t have to motivate the team against China,’ says manager after 2-1 win in friendly played behind closed doors …
