Covid testing plays an outsized role in Chinese life: just ask anyone in the Sichuanese provincial capital of Chengdu. Officials trying to comply with President Xi Jinping’s mandate to eradicate the …
Tagged By business
EXCLUSIVE Embattled Credit Suisse aims to launch China wealth business next year
Credit Suisse , which has been buffeted by a string of scandals, management changes and global strategy rejigs, is still betting big on China and plans to launch a wealth business there next year, a…
China’s Economy Faces More Damage as Megacity Chengdu Locks Down
China’s economy is bracing for more pain as the lockdown of megacity Chengdu in the west of the country damages business and consumer activity in the area and hurts sentiment more broadly across the …
US asks tech giant to stop export of AI chip to China, Beijing opposes move
The Nvidia and AMD chips are basically used for artificial intelligence and machine learning applications, which includes developing training modules for natural language processing. These modules …
Microsoft, Amazon and other tech giants slowly shift away from China
The shift is a response to growing concerns about the geopolitical tensions over Taiwan and pandemic-induced supply chain disruptions over the past few years.
Is It Time to Consider Lifting Tariffs on Chinese Imports?
Many of the tariffs levied by the Trump administration on Chinese goods remain in place. James Heskett weighs whether the US should prioritize renegotiating trade agreements with China, and what it …
China Lockdown And First Drop In South Korea’s Chip Exports In 2 Years Kill Animal Spirits
The poor EMU CPI report may have been the last straw in favor of a 75 bp hike by the ECB next week. Read more here.
Govt exempts CPSEs in RE projects from China-centric import curbs
Making a major exception for Renewable Energy projects by Central Public Sector enterprises CPSEs), the Centre has exempted them from a 2020 financial rule brought in to restrict imports from firms …
EXCLUSIVE: Why Nvidia Could See ‘$2-Billion Hit In 2023’ From US Crackdown On China Chip Exports
Nvidia Corporation (NASDAQ: NVDA), a graphics chip manufacturer and investor favorite, reported in a filing with the Securities and Exchange Commission on Wednesday that the Biden administration has p …
Nvidia Ensnared in Geopolitical Spy Games With China Export Ban
Bed Bath & Beyond’s challenges mount, Snap cutting 20% of workers, CDC advisors consider latest Covid boosters, and other news to start your day.
China-focused Addentax stock tumbles after soaring nearly 9,000% in prior session
China-based Addentax Group (ATXG) saw its shares tumble over 60% on Thursday, the day after they soared nearly 9,000% following an uplisting to Nasdaq and a $25M initial public offering …
Some of Nvidia’s China Business ‘May Be Permanently Impaired,’ Says Analyst.
Bernstein says the U.S. government’s new export restrictions on Nvidia’s high-end AI products to China could have a lasting negative impact on its business.
Credit, Anyone? China’s Online Loan Platforms Get Stuck as Quality Borrowers Dwindle
FinVolution’s revenue growth slowed to about 12% in the second quarter from 16% and 32% in the previous two quarters, while its latest quarterly net profit fell about 6% 360 DigiTech and Lexin posted …
