The United States’ decision to not sell its most sophisticated chips to China will hurt the interests of enterprises in both countries, said Ministry of Commerce on Thursday.
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China’s ‘teapot’ refiners mop up swelling Iranian crude, defying U.S. curbs
Appetite for Iranian crude is growing in China, the world’s biggest oil importer, after the extension of supply cuts by Saudi Arabia and Russia boosted global prices , while Tehran is stepping up output and…
China strengthens patent examination for cutting-edge industries
BEIJING — China’s top intellectual property regulator on Thursday said it had stepped up examination efforts to better protect patents in the fields of artificial intelligence (AI), genetic …
Taiwan hits back at Elon Musk’s claim that it is ‘part of China’
Taiwan’s Ministry of Foreign Affairs has hit back after Elon Musk called the self-ruled island an “integral part of China.” …
What is driving Chinese EV exports and their price competitiveness?
The European Commission began investigating on Wednesday whether to set punitive tariffs to protect its producers from imports of cheaper Chinese electric vehicles that it says benefit from state …
Arm to raise $4.7B in IPO that values chip designer at $54.5 billion
Arm Holdings is poised to raise about $4.7 billion in its initial public offering that valued the company at more than $54.5 billion.
Arm IPO: Should you buy shares? Here’s what 4 analysts are saying
Shares of Arm , the British chip design company founded in 1990, will begin trading in New York for the first time after being taken private by SoftBank in 2016. Arm licenses its proprietary chip…
China’s southern export hub steps up talent hunt as Dongguan dangles US$70,000 cash, US$1.4 million housing subsidy
China’s southern export hub of Dongguan will offer a home-purchase subsidy of up to 10 million yuan (US$1.37 million) in an attempt to lure talent, as the city seeks to upgrade advanced industries.
Explainer-What Is Driving Chinese EV Exports and Their Price Competitiveness?
The single largest exporter is Tesla, accounting for 40% of China’s EV exports between January and April, U.S. thinktank the Center for Strategic and International Studies says. Popular Chinese brands …
China’s Moutai Launches Boozy Chocolates With Dove in Diversification Drive
Though details of the price of the upcoming liquor-infused chocolates Moutai is releasing with Dove haven’t been released yet, the Moutai-infused Luckin lattes were made available for as little as 19 yuan with coupons and…
A Saudi Defense Contractor Courted Russia and China. Then, Its U.S. Business Partners Fled
Failed talks between RTX and a Saudi defense firm show the kingdom’s difficulties in establishing its own military industry.
China Conjures a Glut of Coal as Record Imports Swell Supply
This time last year, Chinese coal prices were soaring as power plants scrambled for supplies after an historic drought caused hydropower output to collapse.Most Read from BloombergCaesars Entertainmen …
Hainan sees total import, export value of goods up in first 8 months
The total import and export of goods in south China’s Hainan Province hit 152.07 billion yuan (about 20.89 billion U.S. dollars) in the first eight months of 2023, up 21.8 percent year on year, …