Shares in China’s biggest home-grown down jacket maker Bosideng International plunged by more than 15% at the Hong Kong Stock Exchange on Wednesday after the company said billionaire chairman Gao Dekang would lower his holdings…
BUSINESS
Russia’s frenemy China is quietly trying to dampen Putin’s influence
China has massively boosted its economic and political influence in Central Asia while Russia’s been distracted in Ukraine.
China needs export markets: Expert on US tariffs, election
Cornell University professor Eswar Prasad joins Market Domination to give insight into the potential for increased tariffs imposed on China from the US and what the US-China trade war could look like.
Nvidia Stock Is Down Again. Why AI Chip Exports to China Remain a Problem.
Nvidia stock reversed course Wednesday, heading into the green in late morning trading after starting the day in the red.Nvidia shares were rising 2.6% to $125.78. The stock closed down 1.3% on …
Germany stops planned sale of VW’s gas turbine business to China
Germany’s cabinet blocked the planned sale of the gas turbine business of Volkswagen unit MAN Energy Solutions to a Chinese company on Wednesday, with ministers citing security reasons. The decision …
Russian regulator encourages use of crypto to counter sanctions
Russia’s booming trade with China, India, the United Arab Emirates, Turkey and other countries which have not imposed sanctions has suffered major setbacks in the last few weeks. Recent Western …
China is the runaway leader in generative AI patent applications followed by the US, the UN says
The U.N. intellectual property agency says China has requested far more patents than any other country when it comes to generative AI, with the United States a distant second …
China and Russia are collaborating to develop an attack drone similar to Iran’s Shahed, European officials say
Russia has relied heavily on Iran’s Shahid drones to overwhelm Ukraine’s air defenses. Russia is collaborating with China to build its own version, European officials told Bloomberg. Companies started …
Taiwan says it backed down from retrieving one of its fishing vessels seized by China to avoid escalation
Taiwan’s Coast Guard said it rushed two patrol boats to the scene of the seizure of the Dajinman 88, but China’s ships blocked them.
Could a financial crisis end crypto’s bull run?
Most of the world’s financial problems are confined to China.” In any event, “It’s hard to draw any connection between crypto prices and the world economy,” says Yermack “There’s little theoretical …
China Enters US EV Market Through Backdoor: Invests in Morocco
In response to new U.S. subsidies aimed at boosting domestic electric vehicle (EV) production, Chinese manufacturers are strategically shifting their operations to Morocco.
China’s imports of commodities at all-time highs and likely to stay that way, JPM says
China’s economic woes, centered around a protracted crisis in the property market, have created an impression that weak real activity will show up in softer imports of key commodities. The reality, …
Nvidia Stock Drops. Why AI Chip Exports to China Remain a Problem.
Nvidia shares have risen 148% this year to date through to Tuesday’s close. That compares with a 16% rise in the S&P 500 index and a 20% rise in the Nasdaq Composite Index over the…
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