Moore Threads shares rose 500% on their first day of trading on the Shanghai stock exchange. The company is China’s answer to Nvidia.
FINANCE
China’s payment system gains ground in Africa as Afrexim, Standard join in
Although Africa’s trade with China is rapidly deepening, the two regions have been held back for years by slow, expensive international payment systems that rely heavily on the US dollar. That …
China’s central bank to conduct 1-trillion-yuan outright reverse repo operation
BEIJING – The People’s Bank of China (PBOC), the country’s central bank, on Thursday said that it will conduct a 1-trillion-yuan ($141.4 billion) outright reverse repo operation on Friday to maintain …
China’s risky shadow banks back in spotlight after Xi’s debt crackdown
Bridging the funding gap has become more urgent as bond issuance by the special financial vehicles has fallen to its lowest level since 2020 Read more at The Business Times.
China’s risky shadow banks back in spotlight after Xi’s debt crackdown — Bloomberg
China’s crackdown on borrowing by local governments is forcing state-run entities in even some of the wealthiest provinces to tap costly credit from non-bank lenders.
Nvidia CEO Jensen Huang unsure if China would buy its H200 chips if restrictions are relaxed as Beijing prioritizes homegrown AI solutions — ‘We don’t know. We have no clue.’
Nvidia CEO Jensen Huang admits that he has no idea whether Nvidia can sell its H200 chips in China even if Washington allows the company to export them.
China’s $98 Billion AI Chip Boom: Cambricon’s 500,000 Gamble to Replace Nvidia
China’s AI chip race is entering a new phase, and Cambricon is stepping straight into the vacuum left by Nvidia’s (NASDAQ:NVDA) forced retreat. The chip designer is preparing to lift production to …
Why China is winning the innovation race
Once the world’s factory, Beijing’s relentless focus on R&D means the country has become the world’s laboratory, allowing it to compete against the West.
China’s finance ministry to issue 7 bln yuan of treasury bonds in HK
BEIJING, Dec. 3 (Xinhua) — China’s Ministry of Finance on Wednesday said that it will issue this year’s sixth batch of renminbi-denominated treasury bonds in the Hong Kong Special Administrative …
China’s central bank vows ‘strong breakwaters’ to shield from external shocks
Governor Pan Gongsheng says policy must prioritise the domestic economy, warning against ‘excessive policy swings’ that could undermine long-term stability.
China says it is ‘actively’ issuing rare earths general licences
China has said it is issuing general licences for exports of rare earths, in a move that could ease trade tensions with the US, Europe and other trading partners and alleviate acute shortages that …
Can golden toilets fix China’s economy?
Why are China’s leaders freelancing as retail consultants? It is not out of any great love for shopping. They are firm believers in China’s manufacturing base as the core driver of economic growth.
Beijing Backs EV Battery and Solar Giants for Worldwide Expansion
China is planning to deepen multilateral cooperation on green technologies and expand the global presence of its new energy vehicle, battery, and photovoltaic companies to accelerate the low-carbon …
