US Bitcoin miners face $100 million-plus in tariff charges, Trump-linked firm dodges duties, Polkadot eyes Wall Street, SharpLink buys $667M ETH, China weighs stablecoin.
BUSINESS
China’s stock market woes fuel high savings rate, hinder economic growth
At the heart of why consumers in China save so much and spend so little, and why Xi Jinping and Donald Trump will struggle to change that behavior even if they want to, lies the…
Nvidia in ‘dialogue’ with US government on next-gen chip sales to China
Nvidia CEO Jensen Huang said Friday that the company is “in dialogue” with the U.S. government about selling next-generation artificial intelligence (AI) chips to China. “Offering a new …
Nvidia halts H20 chip production as China clamps down on orders, citing alleged security risks
Nvidia shares slipped 1.1% in early trading as Wall Street digested the latest blow to its China business, which pulled in $17 billion last year.
The U.S.-China trade war is now a game of rerouting and risk
Some U.S. scrap sellers are routing copper bound for China through Canada, Mexico and Vietnam to sidestep a 10% import duty, people familiar with the trade said. The use of third-country stops shows …
China’s stablecoin push raises questions on dollar dominance and market trust
China is considering a yuan-backed stablecoin to boost its global currency influence. On this week’s Byte-Sized Insight episode, industry experts explain the hurdles of adoption, liquidity and trust.
What to know about China’s new regulations on rare earths
China has released new interim measures to tighten controls on mining and processing of rare earths that are used in many high-tech products including electric vehicles, smartphones and fighter jets.
Foreign brands turning back to China for edge in manufacturing
Global brands that once shifted part of their production out of the country are now turning back as they rediscover China’s enduring manufacturing edge.
China’s imports of US rare earth ore surge in July
The sharp jump in China’s imports of rare earth ore from the United States in July was probably the final customs accounting of shipments from U.S. supplier MP Materials .
China’s wary consumers saved tons of cash. Now, they’re pouring it into stocks.
Chinese equities are surging. The Shanghai Composite Index — dominated by retail investors — is up about 13% this year.
Starbucks expects non-binding bids for China business within two weeks, sources say
Starbucks has asked a short-listed group of potential bidders to submit non-binding bids for a stake in its China business within the next two weeks, two people with knowledge of the matter said.
China Now Downplaying Blockchain Could Be Social … – Cointelegraph
But in China, many projects are still money-making schemes. These projects are sprouting all over China, trying to ride on the blockchain wave. But nothing substantial comes out of these projects.” …
China Eases on Stablecoins: Which Chinese Blockchain Could Power the Ambitions?
China explores stablecoin options, with Hong Kong as a testing ground. Blockchain platforms like Conflux and Chainmaker can support the plan.
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