The head of the US chip giant told the Financial Times that Beijing’s energy subsidies were boosting its drive to build cutting-edge semiconductors used to power AI technology.
Tagged By banking
China borrows as cheaply as US in dollar bond market for first time
China has issued dollar bonds at rates equivalent to US Treasury yields, in what bankers on the deal said was the first time Beijing’s borrowing costs have matched Washington’s.
China-Russia finance ministers agree to expand fiscal cooperation
“China stands ready to strengthen exchanges with Russia in fiscal, taxation and financial fields, promote experience sharing in fiscal management and financial supervision, deepen cooperation in …
Nvidia CEO says China on track “to win the AI race”
Nvidia CEO Jensen Huang has sounded his loudest alarm to date about the U.S. falling behind to China on AI, telling the Financial Times that “China is going to win the AI race.” Why it…
Nvidia’s Jensen Huang: ‘China is going to win the AI race,’ FT reports
(Reuters) -Nvidia CEO Jensen Huang has warned that China will beat the United States in the artificial intelligence race, the Financial Times reported on Wednesday. “China is going to win the AI race, …
Trump’s Trade War With China Is Backfiring Spectacularly
Donald Trump’s tariff war with China is backfiring—with Beijing moving on to cut deals with the rest of the world instead. A New York Times analysis found that China is offsetting its decline in …
China’s green bond market races ahead of global peers
Most of China’s large sustainable projects are not funded by green bonds. According to the People’s Bank of China, the country has Rmb43.51tn ($6.1tn) of outstanding green loans, compared with about …
China to conduct 700b-yuan outright reverse repo operation
BEIJING — The People’s Bank of China said Tuesday that it will conduct a 700-billion-yuan ($98.75 billion) outright reverse repo operation on Nov 5 to maintain ample liquidity in the banking system.
Beijing’s full backing for Hong Kong on display at finance summit
Hong Kong has a role to play in global financial governance The Global Financial Leaders’ Investment Summit caps a momentous fortnight for Hong Kong’s affairs. After the city’s status as an …
A deeper dive into Fed rate cuts and China trade reveals these investing ideas
Between earnings surprises and rate-path uncertainty, any misstep in jobs or inflation data could reverse the positive course for U.S. stocks. Stay diversified, keep 20% to 30% of your portfolio in …
Beijing successfully offsets US trade war
Beijing appears to have successfully offset its trade war with the US, as the rest of the world buys more from China than ever. While exports to the US are down, China has made up…
China goes for financial overhaul, sets up new dept to headline govt debt fight
The new debt management department — now formally listed — will oversee the design and implementation of government debt policies, manage the issuance and redemption of government bonds, and help dete …
China sets up new department to spearhead government debt clean-up drive
The move comes as Beijing steps up efforts to clear up masses of ‘hidden debt’ accumulated by local governments.
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