Digitally Generated Images Wong Yu Liang | Moment | Getty Images China has rolled out new guidelines that will phase out U.S. processors in government computers and servers, effectively blocking chips from Intel and AMD, the Financial Times reported on Sunday. The procurement guidelines, unveiled on Dec. 26, are now being enforced and will also … Read more
A tableau of Arunachal Pradesh state during the Republic Day parade along Kartavya Path in New Delhi, India, on Friday, Jan. 26, 2024. India’s Republic Day marks the anniversary of when the country’s secular constitution came into effect in 1950. Bloomberg | Bloomberg | Getty Images The U.S. has rejected China’s “unilateral attempts” to advance … Read more
BEIJING (Reuters) – Chinese military and state-run media on Sunday accused the United States of threatening global security, days after a Reuters report which found Elon Musk’s SpaceX was building hundreds of spy satellites for a U.S. intelligence agency. SpaceX’s Starshield unit is developing the satellite network under a classified $1.8 billion contract with the … Read more
HONG KONG — China’s manufacturing and investment improved in the first two months of the year, while weakness in the property sector weighed on the economy, the National Bureau of Statistics said Monday. The report said industrial output rose 7% from a year earlier in January-February, better than analysts had forecast. Spending on factories and … Read more
The Hong Kong observation wheel and the HSBC building in Victoria Harbour in Hong Kong. Ucg | Universal Images Group | Getty Images HSBC is “very positive” about the mid- to long-term outlook for the Chinese economy despite current headwinds, the British bank’s chief financial officer told CNBC. Growth in China has been weighed down … Read more
A Currys Plc store on Oxford Street in central London, UK, on Monday, Feb. 19, 2024. Bloomberg | Bloomberg | Getty Images British electronics chain Currys experienced more rejection Friday with Chinese online retailer JD.com walking away from a takeover race for the firm, just days after Elliott Investment Management did the same. In a brief … Read more
His writing won China’s first Nobel Prize for Literature, but is it patriotic enough for Xi Jinping’s China? That’s the question at the center of a high-profile lawsuit now driving a debate about nationalism in China. Patriotic campaigns have become more common in recent years in China, as online nationalists attack journalists, writers or other … Read more
I experienced the City NGP function under XNGP in a P7i in Shanghai, and later in a G6 in Guangzhou. With my second experience I soon realized it was a tale of two cities. In Shanghai it was quite smooth, and at least one of the interventions made was due to me being disoriented rather … Read more
China has set a GDP target of around 5% for yet another year, amid analyst concerns of insufficient policy support to reach the goal. Bloomberg | Bloomberg | Getty Images Valuations of Chinese stocks are “way too low” and investors should be looking to cautiously re-enter the world’s second-largest economy, according to Shaun Rein, founder … Read more
MANILA, Philippines — The United States is constantly assessing the need to expand export controls to stop China from acquiring advanced computer chips and manufacturing equipment that could be used to boost its military, U.S. Commerce Secretary Gina Raimondo said Monday. The U.S. export controls were first launched in 2022 to counter the use of … Read more