WASHINGTON (AP) — Chinese leader Xi Jinping would likely see President-elect Donald Trump’s invitation to attend his inauguration as too risky to accept, and the gesture from Trump may have little bearing on the increasingly…
Monthly Archives For December 2024
U.S. Prepares New AI Chip Restrictions to Close China’s Backdoor Access
The U.S. is preparing rules that would restrict the sale of advanced artificial-intelligence chips in certain parts of the world in an attempt to limit China’s ability to access them, according to people familiar with…
U.S. and China lead government bitcoin holdings, seized in crime probes
TOKYO — National governments, mainly the U.S. and China, hold about 2.5% of the world’s bitcoin supply, mostly seized in connection with criminal activity, though that could shift amid talk of Washington investing more actively…
Nvidia moves shop to China to focus on AI-driven cars
Nvidia is set to open an office in China and expand a team of researchers in Beijing by about 200 individuals who specialize in self-driving technology.
HKBN Shares Jump After China Mobile Makes $882 Million Offer
China Mobile Ltd. has made a takeover bid for Hong Kong broadband provider HKBN Ltd. valuing the company at about HK$6.86 billion ($882 million), pushing forward with a formal offer against the …
Biden administration inks new science cooperation deal with China; Republicans cry foul
The United States and China signed a renewed science cooperation agreement on Friday, the State Department said, this time with “robust national security guardrails,” despite objections from Republicans who argue the decision should have been…
How China could retaliate against the US in a trade war, according to a Yale economist
China has a lot of potentially damaging options if Donald Trump unloads massive tariffs on goods from the country, Stephen Roach said.
U.S. and China renew science agreement as officials brace for new tensions
The U.S. and China renewed but narrowed a long-running science and technology agreement on Friday, marking continuity in their ties while also accounting for bilateral tensions that are likely to only …
Trump trade adviser warns against currency manipulation as China mulls weaker yuan
A top trade adviser to President-elect Donald Trump told Reuters on Thursday that the new administration would not look “fondly” on any attempt by China to manipulate its currency, responding to a …
China 5G base station count continues climb
China Mobile claimed its 5G base station count of some 2.4 million accounts for one-third of the global total, with rival China Unicom close behind with 2.2 million, C114.net reported. Speaking at the …
China’s oil consumption peaked in 2023, CNPC says
China’s refined oil consumption peaked in 2023 at 399 million metric tons (7.98 million barrels per day) and is expected to fall 1.3% to 394 million tons in 2024, CNPC Economics & Technology Research …
China bank lending rises far less than expected, more policy steps needed
New bank lending in China rose by far less than expected in November, highlighting weak credit demand in the world’s second-largest economy as policymakers pledge to roll out more stimulus measures.
China to roll out personal pension program nationwide
China’s third pension pillar program, which allows participants to open personal pension accounts, will be expanded nationwide after a two-year pilot, the Ministry of Human Resources and Social Security said in a statement released Dec.…
