Joe Biden gave $8.5 billion in funding to Intel Corporation on Wednesday to boost the domestic semiconductor industry.
Monthly Archives For March 2024
Netflix blockbuster ‘3 Body Problem’ divides opinion and sparks nationalist anger in China
A Netflix adaptation of wildly popular Chinese sci-fi novel “The Three-Body Problem” has split opinions in China and sparked online nationalist anger over scenes depicting a violent and tumultuous …
Why China’s Middle Class Is Losing Its Confidence
For years, China’s new generation of middle class were able to take a booming economy for granted. Their increasing nervousness could be a major problem for Beijing.
China Mobile ramps capex cuts
China Mobile revealed plans to trim capex this year by CNY7.3 billion, or 4 per cent, after cutting the outlay by 2.6 per cent in 2023.
At major China chip fair, firms ramp up call to buy domestic
Chinese semiconductor-related companies pulled out all the stops at one of the country’s largest chip-sector fairs this week to pitch domestic buying, echoing Beijing’s call to galvanize support for …
Beijing Concerned Funds From Liquidity Boosts Aren’t Finding Borrowers
China’s policymakers are growing concerned that intensified monetary policy support has led to excessive liquidity in the banking system that isn’t being funneled into the real economy.
China slams the U.S. for interfering in Arunachal Pradesh border dispute with India
Beijing said the dispute over the northeast Indian state had nothing to do with Washington, which said this week that it was part of Indian territory.
Australia, Britain call out China for Hong Kong, South China Sea and Russia support
Australia and Britain on Friday criticised China for its actions in Hong Kong, the South China Sea and its support of Russia, after a meeting in which London and Canberra deepened their security ties.
‘Flat and shallow’: Netflix’s 3 Body Problem divides viewers in China
Eight-episode series based on Liu Cixin novels triggers accusations of ‘Americanisation’ of a Chinese story …
China Stocks Rebound Cools as Earnings Disappoint, Yuan Weakens
Chinese stocks declined Friday and were set to halt a five-week rally, weighed down by losses in Hong Kong-listed technology shares and a slew of disappointing earnings reports.
China’s 300 million migrant workers key to boost consumption, not lavish infrastructure, ex-adviser says
A former central bank adviser says China’s 1 trillion yuan (US$139 billion) of ultra-long term special bonds should be used to improve services for migrant workers as it seeks to boost consumption to …
China Mobile to Cut 5G Spending by 20% as Payback Begins
China Mobile, one of the nation’s three big mobile network operators, will lower its spending on fifth-generation wireless infrastructure by around 20 percent this year from the year before as the new …
China boosts crude oil stockpiling, but higher prices may see import pullback
China boosted inventories of crude oil in the first two months of the year, a move that gives refiners options to trim imports in coming months if they deem prices have risen too high.
