It has imposed export controls to stop China getting access to high-end semiconductors. It is subsidising its own high-technology and green industries. Finally, it is pushing “friendshoring” to build …
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Crypto scam aimed at online acquaintances costs victims billions
Despite the fraud’s growth, federal law enforcement and major crypto exchanges appear to be behind in cracking down.
Breaking Up (With China) Is Hard to Do
In the absence of more attention to the supply chain, the U.S. is becoming even more reliant on Beijing—and ‘friendshoring’ often increases that dependence.
China Tries to Depict Furor Over Spy Balloon as Sign of U.S. Decline
In a speech last week at the U.S.-China Business Council, Xu Xueyuan, chargé d’affaires of the Chinese Embassy in the United States, said she hoped the balloon incident will not discourage American …
Is China-Decoupling A Myth?
More than 70% of American manufacturers said they had no plans of moving their production out of China. All this, while the Biden administration was mobilizing “China-free” supply chain initiatives …
China’s Hebei sees foreign trade rise 3.9% in 2022
[Photo provided to chinadaily.com.cn] SHIJIAZHUANG — North China’s Hebei province saw its foreign trade grow 3.9 percent year-on-year to 562.9 billion yuan ($82.61 billion) in 2022, according to …
Ivory artifacts intercepted by customs officials in central China
CHANGSHA, Feb. 14 (Xinhua) — Customs officials have seized three ivory items weighing about 1 kg in total from an imported package in Changsha, the capital of central China’s Hunan Province. Changsha …
Amid merger and bankruptcy in the West, lidar maker Hesai nails $190M IPO
China’s lidar maker Hesai raised an upsized IPO in the U.S. at a time the industry is reeling from layoffs, bankruptcy, and consolidation. The Shanghai- and California- based company, which makes the …
China Must Fix Business Confidence Post-Covid Zero: EU Chamber
European businesses in Shanghai are calling on the Chinese government to restore foreign business confidence and take steps toward repairing fraught international ties now that Covid Zero is over.
Luxury retailers to expand China offerings to other festivals: report
“High-frequency data from the pre-pandemic years of 2018 and 2019 reveal that retail sales in China tend to see strong growth in the months when cultural festivities take place. Certain brands are …
China-Backed Blockchain BSN Spartan Finds Partner in Middle East
Singularity Finance, a unit of Singularity Innovations based in the UAE and Egypt, will also promote BSN’s Spartan Network, a blockchain designed for use in international markets that does not involve …
China’s Economic Bonanza From Record Trade Surplus Is Fading
China may lose a key support for economic growth and the yuan this year as residents flock overseas again and exports continue to plummet because of a global slowdown.Most Read from BloombergChina …
China formally starts across-the-board registration-based IPO reform
The China Securities Regulatory Commission (CSRC) started soliciting public feedback on the main rules of the across-the-board registration-based initial public offerings (IPOs), officially kicking …
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