While stablecoins may offer new tools for advancing China’s monetary ambitions, their decentralised logic sits uneasily with the core principles of China’s heavily-controlled financial system …
FINANCE
Trump policies wipe out $19bn in US renewables projects putting China in the lead to dominate the AI race
By Ben Aris in Berlin Donald Trump’s rollback of clean energy incentives has derailed nearly $19bn worth of renewable energy projects this year, raising concerns over the US’s ability to meet soaring …
China to conduct 600b-yuan MLF operation on Aug 25
BEIJING — China’s central bank on Friday announced that it will conduct a 600-billion-yuan (about $84.13 billion), one-year medium-term lending facility (MLF) operation on Aug 25 to maintain ample …
Nvidia asks Foxconn to suspend work for H20 chip, sources say
Nvidia has asked Foxconn to suspend work on the H20 AI chip, the most advanced product the U.S. company is currently permitted to sell to China, two people briefed on the matter said. Foxconn, …
China’s major banks, Country Garden held back as stimulus expectations grow
Developer Country Garden Holdings Co is also due to report earnings as the property sector remains under strain.
Nvidia chief says H20 chip shipments to China not a security concern
Shipping Nvidia’s H20 chips to China was “great” for Beijing and Washington and not a security threat, the tech giant’s chief said Friday. The California-based company produces some of the world’s …
Nvidia chief says H20 chip shipments to China not a security concern
Shipping Nvidia’s H20 chips to China was “great” for Beijing and Washington and not a security threat, the tech giant’s chief said Friday. The California-based company produces some of the world’s …
Nvidia Asks Suppliers to Halt H20 Work, Information Says
Nvidia issued those orders this week after Beijing urged local companies to avoid using the H20, the Information said, referring to a chip designed specifically for the Chinese market. The US …
China Eyes Yuan-Backed Stablecoins to Expand Global Currency Usage
In recent years, China has emerged as a formidable force in the global economic landscape, and its ambitions in the realm of digital finance are no exception. With the continued evolution of global …
Xi Warns Unpaid Bills to Companies Could Damage Trust in Beijing
President Xi Jinping warned that the Chinese government’s delayed payments to companies risk undermining people’s trust in the authorities, in a sign that Beijing is taking more seriously the problem …
FAW, China’s oldest carmaker, eyes 10% of Leapmotor to boost stake in EV surge
FAW Group, mainland China’s oldest carmaker, plans to acquire a 10 per cent stake in Stellantis-backed electric vehicle (EV) maker Leapmotor, as the state-owned automotive giant looks to enhance its …
China Financial Services Holdings Issues Profit Warning Amid Economic Uncertainty
Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. China Financial Services Holdings Limited ( (HK:0605)) has shared an announcement. China …
Will Nvidia be able to sell to China? Wall Street can’t agree.
Some analysts say China is fully “de-risked.” Others see a business facing “unsupportable” geopolitical reality. For Nvidia, billions are on the line.
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