The larger chunk of Micron’s products flowing into China are being purchased by non-Chinese firms for use in products manufactured there, analysts say.
FINANCE
China doubles down on controversial African pipeline as Western lenders walk away
US$5 billion project strongly opposed by environmental and human rights groups is now highly dependent on Beijing China is an ‘indispensable actor’ in East Africa amid continued Western criticism of …
China faces ‘big’ debt risks in drive to narrow urban-rural gap, Beijing forum told
Weak agricultural sector, residents’ poor financial savvy and lack of collateral options seen to pose ‘big uncertainty’ for rural revival drive.
West vs. China Conflict Avoidable, Says Biden as G7 Summit Wraps
US president seeks to reassure China that conflict with the West is avoidable, even as G-7 ramps up pressure to push back against Beijing’s rising military and economic security threats …
China says Micron’s products fail security review, bars some purchases
According to China’s broad definition of critical information infrastructure, this could include sectors ranging from transport to finance. Micron did not immediately respond to a request for comment.
China’s Yuan Jumps After Central Bank Vows to Curb Speculation
China’s yuan jumped on Friday after the country’s central bank moved to shore up the currency following a recent selloff, vowing to curb speculation and calling for more stability in the foreign …
China will resolutely curb large fluctuations in exchange rate, central bank says
China will resolutely curb large fluctuations in the exchange rate and study the strengthening of self-regulation of dollar deposits, the central bank said on Friday.
Russia and China hit back at a G7 that saw them as a threat
Moscow and Beijing lashed out against the Group of Seven (G7) summit in Hiroshima, where leaders of major democracies pledged new measures targeting Russia and spoke in one voice on their growing …
China goes for ‘broker’: Digging into the possible concern over stock-trading apps
The worry in DC and beyond, of course, is China’s vast surveillance state that has the final word on the operations of every Chinese company.
How ‘Decoupling’ From China Became ‘De-risking’
The newly fashionable term, reflecting an evolution in the discussion over dealing with a rising, assertive China, has a vexing history in financial policy.
Here are 3 anti-corruption tools in China’s arsenal that may be underutilised
Yet, it also led to a ban on unauthorised searches of local databases and information disclosures. China’s financial regulators have stepped up punishments of financial institutions for their …
The G7 is accusing China of ‘economic coercion.’ Here’s why.
Jake Sullivan, Biden’s security advisor, said the West planned to safeguard its supply chains and curb exports to China, but how much can it do?
Lula to send finance minister to China in push for Argentina aid
President Luiz Inácio Lula da Silva, who has pledged to help Argentina as its economic crisis worsens, will send Haddad to Shanghai for a meeting of New Development Bank (NDB, fo …
