Beijing is weighing holding up US chipmaker Broadcom Inc’s $69 billion purchase of cloud computing company VMware Inc, the Financial Times reported on Thursday. China’s State Administration of Market Regulation has not signed off on…
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Beijing takes ‘golden share’ in a Tencent subsidiary, records show
The Chinese government has taken a “golden share” in a domestic subsidiary of tech giant Tencent Holdings , a company registration database showed, the latest sign of China stepping up its control over its tech…
From Russia to the Middle East: Why China can’t afford another big conflict
Over the last year, Beijing has increased its energy investment in the Middle East. In April, China Petroleum & Chemical Co (Sinopec), the world’s largest oil refining and gas conglomerate, bought a …
China seeking quick end to Israel-Hamas conflict – Xi
China wants the Israel-Hamas war to be stopped as soon as possible, President Xi Jingping was quoted by Chinese state media as saying on Thursday, adding Beijing was willing to work with Arab …
Don’t Rule Out a Financial Crisis in China
Extensive fiscal and financial imbalances have taken China, its leadership and the world into uncharted territory.
Country Garden says founder, board chairperson at work, haven’t left China
Country Garden’s founder and chairperson of the board are at work as usual, the debt-laden Chinese property developer said on social media on Thursday, denying online reports of the pair leaving the country.
China Sells Most US Securities in Four Years Amid Yuan Weakness
Chinese investors offloaded the most US bonds and stocks in four years in August, fueling speculation the authorities may have moved to beef up their war chest to defend a weakening yuan.
Q3 data reveals China’s economic recovery gathering steam
China’s gross domestic product (GDP) expanded 4.9 percent year on year in Q3, and went up 1.3 percent over Q2. It grew 5.2 percent year on year in the first three quarters of 2023, according…
China’s Economy Gets a Boost From Beijing, but Housing Woes Persist
The government spent heavily on infrastructure, state-owned banks financed a boom in factory construction and consumers spent more, but the housing sector stumbled.
Xi, Putin detail ‘deepening’ relations between Beijing and Moscow
While one war continues to rage in Ukraine and another is threatening to boil over in the Middle East, Chinese President Xi Jinping held court in Beijing for visiting dignitaries, presenting his vision of “an…
US Restrictions on AI-Chips to China Won’t Raise Consumer Tech Prices
U.S. curbs on AI chip exports to China aim to hinder its tech progress without affecting domestic tech prices, amidst a larger tech cold war scenario.
China’s economy may be growing faster, but big problems remain
The threat of deflation lingers, too. China’s annual nominal growth, which includes inflation, was 3.5% in the third quarter, lower than the real, inflation-adjusted figure. This suggests that the …
Is Shenzhen a Glimmer of Hope in China’s Struggling Legal Market?
Bird & Bird, Holman Fenwick Willan and Morgan Lewis & Bockius have all launched new offices in Shenzhen this year. Lawyers say there’s first mover advantage but what are the opportunities that lie …