The restrictions would impact Nvidia and AMD and come after the federal government already imposed controls on how powerful Chinese-export chips could be.
Tagged By business
China’s tumbling industrial firms’ profits deepen economic gloom
Annual profits at China’s industrial firms extended a double-digit decline in the first five months as softening demand squeezed margins, reinforcing hopes of more policy support to bolster a …
China Blockchain Conflux Gets $18M From DWF Labs, CFX Drops 6%
Conflux token’s dour reaction is consistent with the prevailing investor disinterest in alternative cryptocurrencies.
Nvidia Slides On Report US Mulling Restrictions On AI Exports To China
Last year, both Nvidia and AMD were caught up in the U.S. government’s effort to restrict the sale of high-end components to China, including Nvidia’s A100 and H100 chips and AMD’s MI250 AI chips, as…
China’s Shandong begins releasing oil stranded at ports after inspections, sources say
China’s Shandong refining hub has begun releasing millions of barrels of oil that were stuck at ports after inspections curbed imports into the province, trading sources said following a meeting this …
China imports wild anchovy products from Kenya
According to customs statistics, African agricultural exports to China have grown rapidly in recent years, and China has now become the second-largest destination country for African agricultural …
Chinese Party General Secretary Xi says China will ram up imports from Vietnam
Chinese Party General Secretary and President Xi Jinping affirmed that China will expand its goods import from Vietnam and enhance traffic connectivity with its southern neighbor.
China’s premier tries a new charm offensive at ‘Summer Davos’—but it might be too little, too late
Chinese Premier Li Qiang criticized the concept of de-risking at the World Economic Forum’s event in Tianjin on Tuesday. Wang Zhao—AFP via Getty Images Good morning, Peter Vanham here in Geneva, filling in for Alan.…
‘Flood the economy’: China’s stimulus errors hurt stocks as funds flee to India, Japan, US markets, strategist says
Is there a case for China to flood its economy with stimulus? Beijing’s reluctance to pursue an ‘irrigation-style’ pump-priming is hurting the stock market, some strategists argue.
Can China Export Its Way Out of Its Economic Slump?
No country has had more export success than China. But Beijing faces risks in turning to the tested method of selling more abroad.
LVMH owner Bernard Arnault reportedly visits China after luxury spending rebound
Bernard Arnault, chairman and CEO of LVMH, has reportedly arrived in China for his first visit to the country since the end of its strict Covid restrictions, after his company posted a jump in sales…
China’s industrial profits tumble, deepening economic gloom
BEIJING (Reuters) -Annual profits at China’s industrial firms extended a double-digit decline … “The still slow recovery in industrial profits pointed to sustained difficulties facing business …
China, India to benefit most as Asia-Pacific decarbonisation play adds US$47 trillion to global economy by 2070, Deloitte says
Countries in the Asia-Pacific region could add US$47 trillion to the global economy by 2070 and create 180 million jobs by 2050, if they seize opportunities from decarbonisation, with China and India …
