China is preparing to launch yuan-backed stablecoins via Hong Kong to cut reliance on US dollar tokens and boost the renminbi in global trade.
BUSINESS
Chinese nationals charged with exporting Nvidia AI chips to China
Chuan Geng and Shiwei Yang are accused of exporting the chips from the US to China through Singapore and Malaysia.
China Warns Worldcoin-Style Iris Scanning a National Security Threat
A new advisory from China’s Ministry of State Security highlights what it calls national security risks based on foreign firms collecting biometric data under the guise of crypto giveaways.
China Accuses Foreign Entity of Misusing Crypto for Surveillance Through Iris-Scanning
China warned foreign actors are using crypto schemes to collect biometric data like iris scans, posing risks to privacy and national security.
Hit by US tariffs, Indonesia plans to sell shrimp to China instead
By Ananda Teresia and Yuddy Cahya Budiman PANDEGLANG, Indonesia (Reuters) -At a shrimp farm in Indonesia, more than 16,000 km (9,942 miles) from Washington D.C., U.S. President Donald Trump’s import …
China tests out stablecoins amid fears of capital outflows
Hong Kong — China’s test bed for cryptocurrency as the industry is banned on the mainland — recently passed a law allowing licensed businesses to issue tokens backed by any fiat currency. But the …
China firms set for record US listings, undeterred by geopolitics
Prospect of high valuations offsets risk of increased oversight. Read more at straitstimes.com. Read more at straitstimes.com.
Trump’s pursuit of meeting with Chinese leader reveals the complex web of US-China relations
From easing export controls to reportedly blocking the Taiwanese president’s plans to travel through the United States, President Donald Trump is raising eyebrows in Washington that he might offer …
US Charges Chinese Nationals With Nvidia Chips Export Breach
Two Chinese nationals were arrested this week on charges that they sent tens of millions of dollars worth of advanced AI chips made by Nvidia Corp. to China in violation of US export restrictions, …
L.A. County residents illegally exported ‘sensitive’ high-power AI microchips to China, feds allege
Chuan Geng and Shiwei Yang, who owned and operated ALX Solutions Inc., were arrested on suspicion of illegally exporting “tens of millions” of dollars’ worth of microchips, authorities said.
Two Southern California residents charged with illegally exporting millions worth of goods to China
Two Southern California residents have been arrested on suspicion of knowingly exporting tens of millions of dollars’ worth of sensitive microchips used in artificial intelligence applications to …
What Percentage Of Electric Cars Are Made In China?
In 2024, more than 1.56 million electric cars were sold in the U.S., indicating a shift and increasing consumer preference towards cleaner vehicles. The numbers for 2025 also look promising, given …
AMD Forecast Shows Lingering Impact of China Export Restrictions
Advanced Micro Devices Inc., the second-largest maker of AI accelerator chips, gave a stronger-than-expected sales forecast for the current period but warned that its access to the crucial China …
