Beijing has warned Labour that it will “resolutely safeguard” its electric car industry after it emerged the Government will block Chinese electric cars from a new grant scheme.
FINANCE
Wall Street’s China Exit? U.S. Firms Slash Investment Plans to 20-Year Low
Tariffs, policy favoritism, and trade risk trigger a record pullback–here’s what it means for 2025 and beyond.
Wells Fargo Suspends China Travel After Banker Was Blocked From Leaving
Wells Fargo & Co. suspended travel to China after one of its bankers who works in trade financing was recently blocked from leaving the country.
Wells Fargo suspends China travel after employee exit ban, source says
Wells Fargo has suspended all travel to China after a banker was blocked from leaving the country, a person familiar with the matter told Reuters on Thursday. The U.S. banking giant’s Chenyue Mao was …
U.S.-Based Wells Fargo Banker Blocked From Exiting China, WSJ Reports
Chenyue Mao, a Shanghai-born and Atlanta-based managing director at Wells Fargo, was subjected to an exit ban after she entered China sometime in recent weeks, the report said, citing people familiar …
China Has Been Stockpiling Gold—Analysts Say Actual Reserves May Be Double: A Threat To The US Dollar?
China’s central bank has been amassing gold reserves, a move that could have significant implications for the global economy and the dollar.
China’s tightest rare-earths headlock is financial
Beijing’s 91% grip on materials vital to defence and electric vehicles is down to its scale, but also its lead in processing. The mining sector can’t replicate China’s subsidised model, which runs on …
Nvidia to Resume China AI Chip Sales Amid U.S. Rare Earth Talks
According to the company, the United States has assured Nvidia that it will receive the necessary export licenses soon. Nvidia had previously projected a $15 billion revenue loss …
China may be secretly stockpiling gold. Why that spells trouble for the U.S. dollar.
China’s central bank has been buying physical gold to add to its reserves for at least the last three years – and there’s growing speculation that the country may be purchasing even more of the…
China to lower price threshold for collecting consumption taxes on luxury cars
China on Thursday announced changes to how consumption tax is collected from the sales of ultra-luxury vehicles, according to a statement released by the finance ministry.
Nvidia could recoup as much as $15 billion in revenue with H20 sales to China set to resume
Nvidia is set to recoup billions of dollars in revenue as the Trump administration has signaled it will grant licenses for the company to resume sales of its AI chips to China after a surprise…
China’s ASML endeavour and India eyes Taiwan ties
India, the world’s most populous country, is looking to forge deeper economic ties with Taiwan on top of the tech-oriented island’s growing manufacturing presence in the South Asian subcontinent, …
China-linked hackers target Taiwan chip firms in a coordinated espionage campaign
Three threat groups conduct sophisticated phishing attacks against chip manufacturers and financial analysts between March and June 2025.
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