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 …
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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 …
Exclusive: China state-owned banks soak up dollars to slow yuan gains, sources say
China’s major state-owned banks bought dollars in the onshore spot market this week and held on to them in an unusually strong effort to rein in yuan strength, according to people with knowledge of …
Nvidia’s Huang unsure whether China would accept H200 chips
Nvidia Corp. Chief Executive Officer Jensen Huang said he’s unsure whether China would accept the company’s H200 artificial intelligence chips should the US relax restrictions on sales of the …
Finance for smaller companies boosted
China has continuously strengthened its inclusive finance support for small and micro firms during the 14th Five-Year Plan period (2021-25), with the average annual growth rate of inclusive loans to …
German Finance Chief Demands Fair Trade Ahead of China Visit
German Finance Minister Lars Klingbeil pressed for an “open, rules-based global trading system” as he departed for a high-stakes visit to Asia, as frictions over trade restrictions between the US, …
China should focus on economy not ‘territorial expansion’, Taiwan president says
China’s economy is in a bad way and President Xi Jinping should focus on improving the lives of his people and not “territorial expansion”, Taiwan President Lai Ching-te said in an interview with the …
China gives most forceful signal since 2022 to slow yuan gains
China set its daily reference rate for the yuan at a level that was significantly weaker than estimates, suggesting the central bank is aiming to limit gains in the managed currency.
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