China’s imports of semiconductors fell 21 percent in the first four months of the year, impacted by US export restrictions and stepped up efforts toward self-reliance, according to the latest official …
Tagged By business
Alibaba Cloud Unit Said to Cut 7％ of Staff ahead of Spinoff and IPO
Alibaba has initiated a new round of layoff within its unit engaged on cloud service, and could cut about 7% of staff, as part of preparation for a spinoff and the following initial public offering…
China’s factory activity likely contracts in May – Reuters poll
China’s factory activity likely contracted further in May, a Reuters poll showed on Monday, adding to pressures facing the world second-biggest economy amid an uneven economic recovery from the …
MYEG’S ZETRIX TO ROLL OUT CROSS-BORDER TRADE CONNECTIVITY TO CHINA IN 3Q
MY E.G. Services Bhd’s (MYEG) layer-1 public blockchain infrastructure Zetrix is expected to roll out its cross-border trade connectivity to China’s blockchain platform within the third quarter (3Q) …
China’s Metaverse Ambition, Web3 Investment Challenge Country’s Stiff Crypto Position
Beijing released a whitepaper on the development of the metaverse, noting that web3 technology is an “inevitable trend for future internet industry development.” …
Cryptocurrency prices rebound after a quiet spell as China exploits US political division
As China triggers a reassessment of crypto, the sector is also getting a boost from the mania around AI stocks typified by the doubling in the price of chip giant Nvidia, which is close to…
China Considers Tax Breaks for Manufacturers as Economy Cools
China is considering new tax incentives for high-end manufacturing companies, according to a person familiar with the matter, as Beijing seeks to bolster the economy and encourage more innovation in …
China, Japan Commerce Ministers Trade Protests at Meeting in US
The trade ministers of China and Japan exchanged protests over chip export controls and the detention of Japanese citizens at a meeting in Detroit last week, according to statements from both governments.
Cross-border e-commerce helps small biz exports
“We embarked on cross-border e-commerce business a few years ago,” said Xie, who is in charge of the cross-border e-commerce business at Chongqing Deng’s Kitchenware Manufacturing Co Ltd, a company with a history spanning more…
Shiba Inu-Themed Floki Sees Trading Volume Surge Amid China Plans
Floki (FLOKI) spiked over 10% on Sunday and saw its highest trading volumes in over three weeks as traders bet on the tokens amid a China-focused …
China Insight: How a New Generation of Chinese Designers Is Driving Sustainability
On May 6, which marks the beginning of summer in the Chinese calendar, the WWD China Fashion Lab on Changle Road, in the heart of Shanghai’s former French Concession, opened an exhibition featuring 12 …
Chinese accordion brand goes global
According to the company, the complete production cycle of an accordion is three months, after wood cutting, polishing, assembly, tuning and other steps. In recent years, the time-honored enterprise …
China urges Japan to stop imposing chip export controls
BEIJING (Reuters) -Chinese Commerce Minister Wang Wentao urged Japan to correct its “wrongdoing” of imposing chip export controls … Wang was quoted as saying that Japan had ignored China’s strong …
