Voting in the Senate on a bill to boost the U.S. semiconductor industry and improve competitiveness with China could begin as early as Tuesday, Senate Majority Leader Chuck Schumer has been telling …
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U.S. Congress needs to act next week on China chip bill, Raimondo says
U.S. Commerce Secretary Gina Raimondo said on Thursday that the Biden administration would support a pared-down version of legislation to boost the U.S. semiconductor industry and improve …
‘Grave national security threat’: Congress may give billions to US chip manufacturers to compete with China
Congress is poised to provide a multi-billion dollar subsidy to U.S. semiconductor chips manufactures in an attempt to outcompete China.
Chinese fast-fashion company Shein seeks U.S. IPO as soon as 2024, report says
Shein, the Chinese fast-fashion giant, has faced criticism over how workers are treated at plants that manufacture apparel for the company.
Beijing-Shanghai High-Speed Railway to Post First Quarterly Loss Since IPO
Beijing-Shanghai High Speed Railway Co. Ltd. (601816.SH) expects to report its first quarterly loss since the railway operator went public in 2020 as train travel shrinks amid strict pandemic control …
How India Has Been Pushing Back Economically Against China
Earlier this month, anti-money-laundering agencies in India launched a crackdown against Vivo, accusing it of channeling money outside India, mainly to China, to escape tax liabilities. By what it was …
China was seen as a gold mine for Western tech companies but now they are leaving there empty-handed
US billionaires once believed the “sky would be the limit” when it came to making money in China, however, in recent months, several tech giants — including Amazon’s Kindle and Airbnb — have joined a…
Zhejiang Chenguang Cable’s IPO to debut on Beijing Stock Exchange
Zhejiang Chenguang Cable (834639) to start trading on the Beijing Stock Exchange Jul 12, tomorrow. The firm has issued 53.67 mln shares priced at RMB 4.3 per share raising RMB 230.77 mln. Its price-to …
China’s Verdict on Fashion Week Has Never Been More Important
The recent menswear season was a highly anticipated event, taking some of the biggest names in luxury to London, Florence, Milan, and Paris.
Chinese ice cream brand faces heat from social media users after video shows it does not melt even when kept in hot temperature
Beijing: A Chinese ice cream brand is facing the heat after consumers found that it does not melt even after it was kept in hot temperature, triggering doubt about the ingredients used in preparing it…
China sold 34% of H1 imports
Mainland China accounted for more than one-third of the value of Cambodia’s imports in the first half of this year, sales which have substantially driven economic growth in the Kingdom and supported …
China’s foreign trade passes stress test: China Daily editorial
With a combined value of $2.94 trillion, the country’s foreign trade rose 9.4 percent over the same period last year, with exports increasing 13.2 percent and imports 4.8 percent. In June, following …
China’s messaging app WeChat seeks to ban misleading crypto promotion
Following WeChat’s banning of all crypto-related accounts, the messaging app is now seeking to ban misleading crypto claims on its platform.
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