China has looked to boost its domestic semiconductor industry, as it targets self-reliance and to wean itself off of foreign semiconductor firms.
Recent Posts
China Liked Pope’s Recent Overture, Beijing Bishop to Visit Hong Kong
VATICAN CITY (Reuters) – The overture Pope Francis made to China earlier this month while he was in Mongolia was “well received” by Beijing’s communist government, which has given a mainland bishop permission to visit…
Evergrande: Why should I care if China property giant collapses?
Evergrande suspended the trading of its shares in Hong Kong on Thursday. It marks another low for the firm which was declared to be in default in 2021 after missing a crucial repayment deadline, triggering…
Australia Says Exports of Hay to China Will Resume
Australia exported hay and chaff worth A$78 million ($50 million) to China last year, down from A$160 million in 2020, and Australia’s total hay and chaff exports in 2022-23 were worth A467 million, …
China appoints Lan Foan as new finance ministry party chief
China’s Communist Party has appointed Lan Foan as the new finance ministry party chief, the ministry said in a statement on Thursday.
China appoints new finance head as government debt, revenue shortfalls threaten growth prospects
Lan Foan has been appointed party chief of China’s finance ministry as Beijing battles to tamp down local government debt and boost fiscal revenue to put economic growth back on a sustainable …
Where is China’s defense minister? Beijing keeps silent
China has declined to comment on its defense minister’s whereabouts as questions swirl over his status a month after he was last seen in public.
Host China continues Asian Games dominance by surpassing 150 medals on Day 5 of the two-week event
China blew past the 150-medal mark on Day 5 of the Asian Games. That is more than double the number of second-place South Korea as the host nation continued its decades-long domination of the event.
China’s Strong Metal Imports Not as Bullish as They Seem: Andy Home
LONDON (Reuters) – China’s appetite for base metal imports appears to be growing. Refined copper volumes hit a year-to-date monthly high in August and primary aluminium imports were the highest since …
‘Positive step forward’: China lifts sanctions on imports of Australian hay as trade relations improve between two countries
China is set to lift sanctions on imports of Australian hay, which has been described as another “positive step forward” for agriculture and trade relations between the two countries.
UBS Invites Bidders for Credit Suisse’s China Brokerage Business
UBS Group AG has reached out to a number of financial firms to gauge their interest in buying the Chinese brokerage venture of Credit Suisse, according to people familiar with the matter.
EV makers such as Tesla could fall under Europe’s subsidy probe into China, EU’s trade chief says
Non-Chinese brands of electric cars, such as Tesla and BMW, could be examined as part of a subsidy probe on China that the EU kicked off earlier this month.
New Trouble Roils China Evergrande, Fueling Property Crisis Fears
The real estate firm halted critical work to settle its debts and investors dumped their stock amid news executives were under suspicion by the authorities.