Ericsson said revenue in China dropped sharply in the most recent quarter and warned it would likely lose market share there as a consequence of Sweden’s decision to ban rival Huawei Technologies from …
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China Is Buying Up Chip Firms in a Push for Semiconductor Supremacy, Says UK Lawmaker
China is using questionable methods to ensure it becomes a world leader in semiconductor technology, according to British MP Iain Duncan Smith.
China sends state security, police officials to Didi for cybersecurity probe
China sent regulators, including state security and police officials, to Didi Global Inc.’s ride-hailing business on Friday as part of a cybersecurity investigation, the latest development in a …
China’s diverting IPO windfalls from the US to Hong Kong
Companies listing in Hong Kong would still need to be vetted by the CAC and obtain approval from the Chinese securities watchdog under the new framework being considered by Beijing, according to …
Foreign travelers to China will be able to use the digital yuan, central bank says
Mobile pay has grown rapidly in the last several years to become the dominant form of payment in China. However, the two primary mobile pay apps — operated by Tencent and Alibaba, respectively — …
China extends takeover period for 9 financial firms linked to Tomorrow Holdings
(CSRC) The six firms taken over by the CBIRC are Tianan Property Insurance Co of China, Huaxia Life Insurance Co … The extension of the takeover period is to resolve the financial risks as soon…
Hong Kong stocks trim gains as traders assess China slowdown, Biden’s warning on city
Hong Kong stocks fall as traders see limited policy stimulus from China to stem a deeper economic slowdown, while Biden prepares to warn US businesses about doing business in the city.
U.S. Warns Businesses Over Rising Risks in Hong Kong Under China Crackdown
The Biden administration is warning American businesses about the increasing risks of operating in Hong Kong as China’s tightening grip on the city causes business conditions to deteriorate.
How Defaults in China Are Reshaping Its Credit Market
After three record years of bond defaults, Chinese policy makers rushed when the pandemic hit to prevent another wave of missed payments. Now they are taking advantage of a strengthening economy and …
‘Will look into WHO proposal’: China on next phase of probe into coronavirus origin
China said it is in the process of considering a proposal made by World Health Organization (WHO) Director-General Tedros Adhanom Ghebreyesus, urging Beijing to cooperate in the next phase of …
Steel Sector Update – China’s Steel Exports Rise As Domestic Demand Weakens: Motilal Oswal
China’s apparent monthly steel consumption fell below 1% YoY last month for the first time since March 2020. Lower consumption in China also pushed mills to export more, with Ju …
China vows to retaliate if US imposes further Hong Kong sanctions and issues business warning
The White House has signalled that it will target more officials over what it sees as the erosion of the city’s freedoms.
China reviewing WHO plan for nfurther probe into coronavirus origins
China said it was reviewing plans for further inquiry into the origins of the coronavirus, after the World Health Organization chief urged Beijing to …
