China’s software and information technology sector logged steady growth in its revenue and profits in the first 11 months of the year, official data showed. From January to November, companies in the …
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Intel Apologizes For Requesting Suppliers To Avoid Products From China’s Xinjiang Region
The United States-based chip maker, Intel has drawn backlash in China after it directed the suppliers to not source products or labour from the Xinjiang region …
China Urged to Close Loopholes in Crypto Mining Ban
Chinese authorities must crack down on individuals who are still mining cryptocurrencies and taking advantage of regulatory loopholes, according to the state-run Economic Daily. Tightened regulations …
China aims to launch 600km/h maglev system, vacuum tube trains
China is reportedly planning to introduce a high-speed maglev system capable of operating at a top speed of 600km/hr.
China Mobile Boosts Share Sale to be World’s Second Largest in 2021
China Mobile Ltd., the country’s largest wireless carrier by revenue, is set to raise $8.78 billion from its Shanghai listing, making it the world’s second largest offering this year — thanks in part …
China Mobile hopes to raise $8.8bn in Shanghai listing
Now, China Mobile plans to list in a Shanghai public offering, selling up to 845 million shares for a total of 56 billion yuan ($8.8bn). The listing is expected to be the biggest …
China establishes its first-ever fast-charging association
Fast-charging is now a must-have for most mobile phones and smart devices. However, because fast-charging chargers do not use the same technology or provide the …
China’s new rare earth merger hands it ‘trump card’ in global fight for resources
The merger of some of China’s top rare earth producers into a new company under the state assets regulator gives it a strategic advantage in the fight for global resources, experts say.
China denounces US import restrictions over Uyghur human rights abuses
Up to a million Uyghurs are believed to be held in massive detention centers where they are forced to manufacture goods and undergo indoctrination. …
US President Joe Biden signs Bill on forced labour in China
US President Joe Biden signed into law a bill banning goods from China’s Xinjiang region unless companies can prove they aren’t made with forced labor, a move that will add to tensions over Beijing’s …
Yearender-Economic Watch: China lowers tariffs to boost high-quality growth, high-level opening-up
A sweeping number of import items will enjoy lower tariffs next year as China has made new tariff adjustments for trade pacts, soon to take effect, amid efforts to improve the quality of life and…
Manufacturing jobs ‘reshoring’ in U.S. due to supply chain woes, rising costs in China
The supply chain crisis and the pandemic have reinforced an economic maxim that executives at manufacturer Acme Alliance in Northbrook, Illinois, have emphasized for two decades: Keep your operations …
Export of engg goods to China rises twofold
Engineering goods shipment to China more than doubled in November to $434.6 million compared with $205.3 million in the corresponding month of last year. However, the US was the top importer of Indian …
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