WASHINGTON (AP) — For months, American consumers and businesses have been hearing that President Trump’s massive import taxes – tariffs – would drive up prices and hurt the U.S. economy. But the …
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China’s Xiaomi takes a page from Apple with a $7 billion plan to make its own mobile chips
The CEO of Chinese smartphone maker Xiaomi has shared a 10-year plan to spend around $7 billion on designing its own chips.
China imposes hefty duties on US plastic imports amid trade tension
Anti-dumping duties of up to 74.9% on the importation of polyoxymethylene (POM), a plastic used in automotive components and household appliances, have come into effect, the Ministry of Commerce …
China urges Germany not to undermine cooperation in name of ‘de-risking’
China and Germany should prevent undermining their normal bilateral cooperation in the name of “de-risking”, Chinese Foreign Minister Wang Yi told German Foreign Minister Johann Wadephul in a phone call on Monday.
Tesla supplier CATL, the world’s leading battery maker, to start trading in HK after a bumper $4.6 billion IPO
CATL is foraying into global markets amid growing trade tensions between the U.S. and China, which have sent markets careening over the past several weeks.
China tariffs are no longer 145%, but for small businesses in the crossfire, ‘it’s still awful’
President Donald Trump’s decision to impose a steep tax on most goods that come into America has tested the mettle of small business owners whose companies are reliant on global trade.
China’s next-level AI could overtake US: new report
Scientists in China are racing to build next-level “artificial general intelligence” that is infused with Chinese Communist Party values.
China’s Xiaomi to invest nearly $7 bn in chips
Chinese tech giant Xiaomi will invest 50 billion yuan ($6.9 billion) in developing high-end smartphone chips, the firm’s founder said on Monday. In pursuit of Xiaomi’s semiconductor ambitions, the …
Tech stocks could rally on US-China tariff truce, impending tax cuts: Stanchart
SINGAPORE] A pause in US-China tariffs could provide a boost to technology stocks, which earn significant revenue from exports, Standard Chartered bank has said. Read more at The Business Times.
China’s economy slows in April as trade war blues hit retail sales, housing and investment
Key economic indicators show China’s economy slowing somewhat in April, with retail sales, property and investment coming in weaker than economists had forecast.
Lifting US sanctions on Iran could crush China’s ‘teapot’ oil refineries: Bousso
The possible lifting of U.S. sanctions on Iran’s oil exports could deal a fatal blow to independent Chinese refineries that have thrived by processing Tehran’s discounted crude, while also putting further downward pressure on oil…
Nvidia moving headquarters to Taiwan will help with company’s China exports: Analyst
Ray Wang, principal analyst, founder and chairman at Constellation Research, discusses Nvidia CEO Jensen Huang’s keynote address at Computex and the company’s decision to establish international …
Chinese firms turn to Singapore for IPOs and listings as US-China trade war intensifies
At least five large firms from China’s mainland and Hong Kong have signaled intentions to launch on the Singapore Exchange (SGX) over the next 12 to 18 months. These businesses include a Chinese …
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