ASML’s backlog in China totals tens of billions of dollars, but geopolitical tensions could impact the company’s ability to fulfill it.
BUSINESS
US think tank warns nation is falling behind China in quantum tech
Think tank warns that US pre-emptive actions are not enough to combat China’s chipmaking tools, AI processors, and quantum tech investment.
China Is Munching Toward a Fast Food Revolution
Millions of Chinese are increasingly echewing Western chains for local ones that serve Xinzhongshi, or “New Chinese Style.” …
Taiwanese AI Expert Warns of China’s Dominance in Information Warfare While U.S. Lags Behind
A prominent Taiwanese AI expert, Ethan Tu, has sounded the alarm on China’s burgeoning prowess in information warfare, claiming it is shaping American public opinion online while the U.S. fails to …
Mexico: Has It Displaced China As The New Star Of Offshoring?
Mexico has overtaken China as the top exporter to the U.S In the face of U.S. regulatory hostility and unreliable Chinese policies, exporters are spreading their bets.
CIS AdTech giant Qbigtech rolls out the AdRu agency to assist Chinese brands entering the CIS market
In 2023, trade turnover between CIS countries and China exceeded hundreds of billion dollars – and it was the demand of CIS buyers for Chinese goods that grew most actively. Over the year, it …
Chinese brands ranked top in new market sales in Russia in 2023
Data from the Association of European Business (AEB) shows that Chinese brands took top spots in Russia market new car sales in the period January to December 2023. It comes as China has stepped in…
Renewed trade tensions with China could threaten America’s ‘Goldilocks economy’
In the event there is an escalation in the trade conflict, it could be more harmful to the U.S. economy and the global economy this time for two reasons.
World brands upbeat about Chinese market
World major brands have expressed optimism about the potential of the Chinese market, as China’s economy continues to grow, beating expectations, and their sales in China significantly increase. Xi co …
Importing Less From China Does Not Necessarily Mean The U.S. Will Buy Fewer Chinese Goods
China’s share of imports of “critical goods” rose from 6.2% in 2002 to 17.9% in 2017 but dropped to 11.1% in 2023. The Department of Homeland Security defines critical sectors where threats could have …
To Avoid Hefty Tariffs, China’s BYD Eyes U.S. Car Market Via Mexico
The Tesla competitor, which is expanding rapidly in Europe and Southeast Asia, is also looking at a new export base south of the U.S. border.
China Outbound and Inbound Tourism Spending Rebounds on Ant Group’s Cross-Border Merchant Networks During Chinese New Year Break
Data from Ant Group shows a robust rebound of consumer spending during the first back-to-normal Chinese New Year (CNY) travel season after the Covid-19 pandemic, especially in cross-border tourism.
Bitcoin ordinals: after burst of NFT bubble, blockchain art gets another medium, smaller and self-contained, now sold by auction house Sotheby’s
Sotheby’s has held two successful auctions of bitcoin ordinals – images, videos or text attached to satoshis, the smallest denomination of bitcoin. Some artworks are fetching up to five times their …
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