China’s Caixin/S&P Global manufacturing purchasing managers’ index (PMI) rose to 50.8 in December from 50.7 in November, data released on Tuesday showed.
BUSINESS
TEL thrives with 40% of revenue from China despite US and Japan export controls
Japan-based semiconductor equipment manufacturer Tokyo Electron Limited (TEL) is expected to generate around 40% of its annual revenue, estimated at JPY 700 billion (US$5 billion), from the Chinese market by the conclusion of the fiscal…
China Issues Massive Crude Oil Import Quotas at Start of Year
China has front-loaded its oil import quotas for 2024, with an allocation to private refiners and traders that nearly matches all of the allowances granted for the whole of last year.
Dutch Government Blocks Exports Of ASML’s Chip-Making Machines To China
The Netherlands government revoked the export license for the shipment of some chip-making equipment made by ASML to China, the company announced Monday, once again dragging Europe’s most valuable …
Iran-China Trade Exceeds $13 Billion in 11-Month Period: Customs Data
The China Customs announced that the trade exchanges between Iran and China stood at more than $13 billion from January to November 2023, adding that the country’s import of products from Iran in …
China’s Baidu cancels $3.6 bn purchase of livestreaming site
The deal was originally expected to be completed by 2021. Livestreaming is a multimillion-dollar business in China, generating huge profits for e-commerce giants and popular influencers. Baidu has …
China’s crackdown on foreign firms put them in dilemma; increases uncertainity
Following China’s crackdown on foreign firms, multinational corporations in the country are facing a dilemma this year as the risks of doing business in China increase, as reported by the Voice of …
Baidu terminates $3.6-B purchase of JOYY’s China live-streaming unit
Baidu has terminated its planned $3.6-billion acquisition of Nasdaq-listed JOYY Inc’s China live–streaming business, the company said on Monday in a filing with the Hong Kong stock exchange. The …
ASML forced to suspend some China exports after US escalates tech battle
ASML has been ordered by the Dutch government to restrict shipment of some of its chip-making equipment to China, the company said on Monday.
India Is Chasing China’s Economy. But Something Is Holding It Back.
Long-term investment in India by businesses is stagnant, and foreign money is falling, even as the government is driving growth with infrastructure spending.
Netherlands Blocks ASML Exports of Some Chip-Making Equipment to China
ASML said the Dutch government has blocked the company’s exports to China of some chip-making equipment in a partial license revocation following U.S. export restrictions.
China’s Factory Activity Picks Up, Private Survey Shows
A private gauge of China’s factory activity gained momentum in December, contrasting with official data that suggested the outlook for the nation’s manufacturers remains fragile.
China Restores Coal Tariffs in Threat to Russian Exporters
China has restored import levies on coal from the beginning of the year, a move that could threaten Russian exporters dependent on the world’s largest market for the fuel. The tariffs were removed in …