Chinese lithography machines are being touted by China as their breakthrough tech. But their version is still far behind the west.
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China seeks a homegrown alternative to Nvidia — these are some of the companies to watch
Nvidia with its graphics processing units, or GPUs, has garnered the headlines, as the key piece of hardware required to train up huge AI models, such as the likes seen from OpenAI. With the U.S.…
China’s ‘Silver Economy’ Is Thriving as Birthrate Plunges
The shrinking population poses threats to growth but has opened opportunities for businesses that serve seniors.
Chinese appliance maker Midea soars in Hong Kong after US$4 bn IPO
Shares in Chinese electronic appliance maker Midea surged more than nine percent on its Hong Kong debut Tuesday, having raised around US$4 billion in the city’s biggest initial public offering for …
3 US Economic Events That Could Impact Crypto Market This Week
Bitcoin traders eye US retail sales, FOMC interest rate decision, and unemployment claims, with potential market volatility expected.
China’s Economic Slowdown is Leading to a Major Impact on Global Ag Markets
— China’s economic slowdown is leading to a significant impact on global agricultural markets, as the country’s grain reserves swell and demand decreases, Bloomberg reports. This is causing concern for farmers worldwide, as China has…
PwC Probe Spotlight Shifts to Hong Kong After Record China Fine
The focus of a lengthy probe into PricewaterhouseCoopers LLP’s China business now shifts to Hong Kong after the accounting firm was hit with a record fine in the mainland over its audit of failed developer…
One of China’s neighbors says it’s pulled a key patrol vessel out of the South China Sea after a 5-month standoff
The Philippines says it’s withdrawn one of its key patrol vessels from waters around the disputed Sabina Shoal, where tensions have risen with China.
US ally says it expects America to intervene if China tries to take a rusting World War II warship in the South China Sea
The grounded Philippine warship Sierra Madre marks Manila’s territorial claim near the disputed Second Thomas Shoal in the South China Sea.
China slows down growth in global oil demand
A softening real estate market and the growing popularity of electric vehicles have contributed to a drop in oil consumption.
Live news: Bank of America hires Citi’s chief accounting officer
Bank of America has poached Citigroup’s chief accounting officer Johnbull Okpara to act in the same position. Okpara is replacing Rudolf Bless, who has been in that role at BofA for nearly a decade.
Midea Shares Rise 4.9% in Hong Kong Gray-Market Trading
Chinese appliance maker Midea Group Co.’s shares gained as much as 4.9% in gray-market trading ahead of their Tuesday debut in Hong Kong.
Shein faces greater political scrutiny ahead of planned London IPO
Labour MP calls for UK government to ban imported products made by forced labour in Chinese region of Xinjiang …
