Chinese memory chip maker CXMT briefly became China’s most valuable company after its Shanghai IPO, highlighting surging investor demand for AI memory chips.
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XRP falls amid China’s push for domestic chips
As China’s state-backed memory chip manufacturer, ChangXin Memory Technologies (CXMT), turned out to be the country’s largest public firm following its initial public offering (IPO) on July 27, …
China crude imports tick up
China’s crude imports have ticked up, but analysts said the rebound was unlikely to signal a return to pre-war levels. The increase reflects stranded cargoes clearing the Strait of Hormuz and more …
Coinbase policy chief says CLARITY Act is critical to keep crypto lead over China
Coinbase Global Inc. COIN Chief Policy Officer Faryar Shirzad on Monday urged U.S. lawmakers to advance the CLARITY Act, arguing that the legislation is critical to ensure America, not China, leads …
China’s chip tool push shows ASML caught in US-China squeeze
By Toby Sterling AMSTERDAM, July 28 (Reuters) – China’s launch of a homegrown type of advanced lithography chip printing machine is spotlighting how European chip tool maker ASML, whose recent share …
US lawmakers seek national security probe of Chinese chip giant CXMT after blockbuster IPO: ‘Ticking time bomb’
Top US lawmakers want the Trump administration to launch a formal national security probe into Chinese memory chipmaker CXMT on suspicions that Beijing orchestrated the company’s blockbuster IPO to …
What’s behind China’s recent spike in Covid-19 cases? And is it anything to worry about?
Disease now spreading more quickly than flu, as experts say conditions for spreading the virus in summer and winter are ‘converging’ China has seen a spike in Covid-19 in recent weeks, overtaking …
China has a fleet of 24 Su-35 fighters from Russia. The gamble: Experts feared Beijing would steal their secrets
Kazianis unpacks the 2015 gamble: 24 Su-35s for $2-2.5 billion, delivered by 2019 — Russia’s most advanced jet sold to its likeliest copier. Moscow bet disassembly can’t yield engines, software, or …
China hits back at criticism over excess industrial capacity as more US tariffs loom
China pushed back Tuesday against claims of overcapacity in the world’s second largest economy, ahead of the release of results of a U.S. probe on the matter that could result in new tariffs. Massive …
The unexpected winners from China’s blockbuster CXMT IPO
A blockbuster IPO by CXMT has delivered a windfall for its home province, which is now sitting on paper gains of 5,000 per cent after its …
China’s reported chip breakthrough comes with some big caveats
China is reportedly producing a key chip tool in a market dominated by ASML. But analysts questioned China’s ability to compete with the Dutch giant.
China’s New Phase of Financial Statecraft and RMB Internationalisation
China’s latest push to internationalize the renminbi is driven less by ambitions to challenge the U.S. dollar’s global dominance than by efforts to build a more resilient financial system that reduces …
China targets offshore trusts with new tax rules
Personal income tax will be charged on gains in asset values – such as shares and real estate – when these assets are first placed into offshore trusts.
