The provincial government of Shandong, China’s refining hub, has increased fuel oil import tax rebates for six independent refineries to improve their profitability as they struggle with low margins …
BUSINESS
Economic Buzz: China overall business output expands amid fresh rise in factory production
China’s service sector expanded again at the end of the second quarter. That said, rates of both business activity and new order growth eased since May. This was amidst another reduction in new export business.
U.S. lifts export bans on chip software to China
The United States lifted export restrictions on exports of chip design software to China, a trio of chip design software companies said.
How the U.S.-China trade war could cut fireworks displays short this Fourth of July
The U.S. gets almost all of its fireworks from China, and the industry is warning that tariffs on Chinese imports could limit supply and send prices soaring.
Trump moves to shut Vietnam tariff backdoors exploited by China
The United States and Vietnam have agreed on a two-layer tariff system designed to stop goods routed through Vietnam, often to dodge US duties, from entering …
China’s Geely Brand Enters Italy With All-Electric, Hybrid SUVs
Billionaire Li Shufu’s Geely Automobile Holdings will enter Italy for the first time with its namesake brand, extending a push by Chinese carmakers to expand in Europe.
China Eases Tax Burden on Struggling Independent Refiners
Shandong province has raised fuel oil tax rebates for six independent refiners to ease financial pressures and stimulate industrial activity.
Only 15 electric vehicle brands in China will survive by 2030, AlixPartners says
Only 15 out of the 129 brands that currently sell electric vehicles and plug-in hybrids in China will be financially viable by 2030, as intense competition forces consolidation and some to exit the market,
Chip design software firms climb as US lifts curbs on China exports
(Reuters) -Shares of Synopsys and Cadence Design Systems jumped in premarket trading on Thursday after the United States lifted export restrictions on chip design software to China, signaling a thaw …
China’s upstart planemaker hails ‘breakthrough’ in its plan to take on Boeing and Airbus
The Comac C909 isn’t winning as much attention as the C919, but Air China launched its first international flight after nine years.
Antitrust enforcer Gail Slater on American innovation: ‘We can win the AI race against the Chinese without becoming like China’
It’s about enforcing antitrust robustly in a way that works for all Americans … that’s my starting point,” the head of the Department of Justice Antitrust Division told NYNext.
China’s tech giants lobby for offshore yuan stablecoin, sources say
China’s tech giants JD.com and Alibaba affiliate Ant Group are urging the central bank to authorise yuan-based stablecoins to counter the growing sway of U.S. dollar-linked cryptocurrencies, people …
Chinese team creates blockchain tech to resist attacks from quantum computers
Their system – known as EQAS – replaces vulnerable maths-based encryption with a signature tool that’s more secure.
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