Nvidia is kicking off the new year with the focus on its exports to China. The chip maker still looks to be struggling to balance the demands of Chinese customers and U.S. regulators.
BUSINESS
China’s forex reserves expected to increase in 2024
The official gold reserves may further increase as the country diversifies reserve assets, said Wang Youxin, a senior researcher at the Bank of China. “The US government debt problem will further …
China’s data authority vows to build more information infrastructure
China must speed up building information infrastructure if the country wants to build a better digital data market, said Liu Liehong, head of China’s National Data Administration (NDA). Liu made the …
Asia thermal coal imports hit record, but supply keeps prices muted
Asia’s imports of seaborne thermal coal rose to a record high in December as top buyer China sucked up cargoes amid peak winter demand.
Apple’s China headache worsens as iPhone faces double-digit sales slump
Apple isn’t likely to see its iPhone sales recover from a sluggish start, with Jefferies forecasting a significant drop in volumes for 2024.
China says foreign consultancy boss caught spying for U.K.’s MI6 intelligence agency
China’s spy agency says the foreign head of a consultancy entered the country several times with instructions from MI6 “to collect China-related intelligence for Britain.” …
China slams US chip export control, supressing China’s semiconductor industry
BEIJING — Chinese foreign ministry spokesperson Mao Ning on Monday said the United States has been stepping up control over chip export to China and going after China’s semiconductor industry in the name of national…
Shanghai’s Crytocurrency Tax Guide Fuels China Crypto Ban Relief Rumors
Legal experts refuted the claims of relaxation on the China crypto ban regulations citing that the explainer wasn’t an official document.
China commits to offer open business environment for global enterprises, responding to anti-dumping investigation on EU brandy
China’s Foreign Ministry on Monday said that China is ready to provide an open, inclusive, transparent and non-discriminatory environment for EU and other international businesses that trade and …
Shanghai explainer on taxation of digital currency transaction drives speculation on potential easing of China’s crypto ban
Chinese economist calls for review of rigid crypto ban amid slow e-CNY adoption China over the years has ramped up its crackdown on all activities related to cryptocurrencies, citing financial …
China Tax Bureau Says Online Crypto Sales Income Is Subject to Personal Income Tax
Implemented in 2019, China’s personal income tax law imposes progressive tax rates ranging from 3 percent to 45 percent on various sources of income such as wages, labor remuneration, royalties, and …
Land ports in China’s Xizang see growing imports and exports
LHASA — The import and export value of four major land ports in Southwest China’s Xizang autonomous region totaled 4.56 billion yuan (about $642.2 million) from January to November 2023, a …
China Detains a Top Executive at Evergrande’s Electric-Vehicle Unit
China Evergrande New Energy Vehicle said that Liu Yongzhuo was being held by authorities ‘on suspicion of illegal crimes.’ …
