HONG KONG/SHANGHAI (Reuters) – China’s state-backed semiconductor fund is near to closing a 120 billion yuan ($18.98 billion)investment round for a second fund to support the domestic chip sector and help cut reliance on imports…
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China flexes muscles with ‘Guam killer’ missile; new drills near Taiwan
claimed by China as its sacred territory, has rattled nerves around the region and in Washington. Speaking at a regular monthly news conference, Defense Ministry spokesman Wu Qian said that the military had begun putting…
India, China to court each other at informal summit in bid to re-set ties
NEW DELHI/BEIJING (Reuters) – The leaders of India and China are set to make their boldest attempt yet at rapprochement in talks this week just months after a dispute over a stretch of their high-altitude…
China considering cutting duty on imported cars by about half: Bloomberg
BEIJING/SHANGHAI (Reuters) – China is considering cutting the import duty on passenger cars by about half as part of the country’s plan to further open up the automobile market, Bloomberg News reported on Thursday, citing…
Beijing Auto Show: Tesla, a $111,000 electric sports car and VW’s tech push
The Beijing International Automotive Exhibition is a barometer of the state of the world’s biggest passenger-vehicle market. New cars are launched, startups vie for attention against their multinational rivals. This year’s show is significant for…
China says it welcomes visit by U.S. officials amid trade spat
BEIJING — China’s foreign ministry said Wednesday that it welcomes a planned visit by U.S. Treasury Secretary Steve Mnuchin to Beijing next week amid trade tensions between the world’s two largest economies. Foreign ministry spokesman…
Top US admiral says China now capable of controlling South China Sea
“China’s impressive military buildup could soon challenge the … posed the idea of moving the top U.S. military commander in the Pacific to South Korea, news.com.au reported. Australia’s Foreign Minister Julie Bishop confirmed the news…
China invites overseas investors to propel local chip ambitions
BEIJING (Reuters) – China is looking for billions of dollars in funds to propel its domestic ambitions in chips to cut a heavy reliance on imports, and has invited overseas investors to help it get…
Greenland ruling party has most votes in election tracked by Canadian mining firms, China
Greenland, a part of the Kingdom of Denmark but with self-rule since 2009, relies on fishing and annual grants from Denmark. China unveils plans for a ‘Polar Silk Road’ across the Arctic Analysis What does…
‘Small-town kids’ shape future of China’s consumption
with half of them likely to be located outside China’s top 100 cities, according to a report by The Boston Consulting Group and AliResearch, a unit of the e-commerce giant Alibaba (NYSE:BABA – News). That…
Global banks fear China will limit JV control through new rules
HONG KONG/SHANGHAI (Reuters) – Western banks are seeking clarification from China’s securities watchdog on proposals to allow them to take over their onshore securities ventures, amid concerns about high asset value requirements and limits to…
China warns of more action after military drills near Taiwan
China has been issuing increasingly strident calls for Taiwan to toe the line, even as Tsai has pledged to maintain the status quo and keep the peace. Speaking at a regular news briefing, Ma Xiaoguang,…
Beijing Auto show highlights e-cars designed for China
BEIJING — Volkswagen and Nissan have unveiled electric cars designed for China at a Beijing auto show that highlights the growing importance of Chinese buyers for a technology seen as a key part of the…
