Business groups and the U.S. government have appealed to authorities to explain the newly expanded legal restrictions on information and how they will be enforced. Sunday’s announcement appeared to try to reassure foreign companies. “China…
Tagged By business
China’s Buying a Lot of Commodities From Russia, Just Not Wheat
China’s wheat imports are booming, but one top supplier is missing out: Russia. The Asian nation is on track to be the largest buyer of the food staple this season, and Russia is the biggest…
China and U.S. should work together to remove tensions, Chinese tech company says
Zhao Yong, founder and CEO at DeepGlint Information Technologies, which has been sanctioned by the United States, explains why it’s doing business in the Middle East.
Russia Raises Aluminum Exports to China to Near Record Levels as Sanctions Bite
China, the biggest producer of aluminum globally, is importing more of the lightweight metal from Russia, underscoring how trade ties are strengthening between the two nations as sanctions curb much …
One of the world’s most prominent blockchain apps looks like being binned
The Australian Securities Exchange became a poster child for seriously serious distributed ledgers, but now wants to walk away …
China imposes sales restrictions on Micron as it escalates tech battle with Washington
China has banned Chinese companies working on key infrastructure projects from buying products from US semiconductor manufacturer Micron, in a major escalation of an ongoing battle between the world’s …
Syngenta’s IPO Seen as Key to Lure Foreigners to China’s Market
Syngenta Group’s planned 65 billion yuan ($9.26 billion) initial public offering, potentially the world’s biggest this year, is expected to boost foreign fund interest in China’s onshore equities …
China’s Micron ban revives US trade tensions, fuels Asian chip rally
Several Chinese and South Korean chipmaker stocks rallied on Monday after Beijing barred U.S. firm Micron Technology from selling memory chips to key domestic industries over security concerns, reviving Sino-U.
China’s power generation increases in April
State Grid employees check power lines in Yantai, Shandong province. [Photo by Tang Ke/For China Daily] BEIJING — Power generation from industrial enterprises, each with an annua
China Bars Purchases of Micron Chips, Escalating US Conflict
China delivered the latest salvo in an escalating semiconductor war with the US, announcing that Micron Technology Inc. products have failed to pass a cybersecurity review in the country.
Global investment banks’ profits drop in China
The China units are tiny in the context of global banks’ overall operations. JPMorgan’s China Securities unit made a $38mn profit, compared with the bank’s overall $38bn profit last year. Goldman’s …
China slaps restrictions on US company over ‘national security’ risks as chip war escalates
The U.S., Europe and Japan have taken steps over the last year to restrict the export of sophisticated chips used in manufacturing processes for cars, smartphones and computers to China due to …
FirstFT Asia: China bans US chipmaker Micron
China has said that US chipmaker MicronTechnology’s products posed “serious network security risks’‘ and banned operators from buying them. The decision comes amid escalating tensions between the …
