In May 2021, China banned Bitcoin mining across the entire country. A massive exodus of Bitcoin miners occurred shortly thereafter. They fled to neighboring countries such as Kazakhstan and as far as …
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Beijing blitz of crypto promotions and marketing underway
Beijing has repeatedly declared that using and mining virtual currencies are illegal in the Middle Kingdom, making related activity suspect from the get-go. But that hasn’t stopped some from trying to …
China’s Dcenti Soars on USD296 Million Plan to Enter Lithium Battery Recycling Business
Shares of Dcenti Auto Parts Stock soared by the daily limit after the Chinese tires and wheels supplier said it plans to expand into battery raw materials by spending CNY2 billion (USD296 million) on …
Pelosi Trip Hinders Biden Effort to Galvanize Asia Against China
House Speaker Nancy Pelosi’s swing through Asia aimed to convey the US’s “strong and unshakable” support for the region. It ended up leaving many countries in stunned silence as China conducted …
Biden to sign $280B CHIPS act in bid to boost US over China
President Joe Biden is preparing to sign a $280 billion bipartisan bill to boost domestic high-tech manufacturing, part of his administration’s push to boost U.S. competitiveness over China.
U.S. accuses Chinese company of helping ZTE hide business with Iran -Commerce Dept
The United States on Tuesday accused Far East Cable, China’s largest wire and cable manufacturer, of violating U.S. export controls related to shipments to Iran, the Commerce …
U.S. Solar Shipments Are Hit by Import Ban on China’s Xinjiang Region
The U.S. solar industry is confronting fresh disruptions as U.S. officials crack down on human-rights abuses in a region of China that produces almost half the world’s supply of a crucial component in …
U.S.-China Trade Shows Nominal Improvement In June 2022
Most of the improvement in recent months has been paced by double digit year-over-year growth in the value of good imported into the U.S. from China.
North Korea’s increasing use of crypto heists to fund nukes worries US
North Korea is increasingly using its crypto heists to fund its nuclear weapons program, worried U.S. officials say. “I’m very concerned about North Korea’s cyber capabilities,” Anne Neuberger, …
Shanghai factory upgrade slashed Tesla’s China sales last month
Hong Kong (CNN Business)Tesla’s sales of China-made vehicles plunged 64% in July from a month earlier, as the company’s ambitious upgrade of its Shanghai factory disrupted production. The sharp drop …
Taiwan’s oil and LNG imports normal despite mainland China’s military drill
The island has enough coal, oil and LNG inventories, although offshore drilling activities were suspended some time ago …
90% of China import expo exhibition area booked
Ninety percent of the planned enterprise exhibition area has been booked for the fifth China International Import Expo (CIIE). The figure was released on Monday at a pre-exhibition supply and demand …
China’s July new yuan loans expected to more than halve from June
China’s new yuan loans are expected to fall back in July after record lending in the first half, a Reuters poll showed, but they are still likely to exceed the year earlier amount as the…
