Culture
US to keep China chip curbs, spurning Nvidia’s call for relief
The Trump administration will maintain efforts to keep advanced artificial intelligence (AI) technology out of China’s hands, a top White…
Tag
China
Culture
China threatens enforcers of US’s Huawei curbs with legal action
A said it could take legal action against anyone enforcing US restrictions on using Huawei Technologies’ artificial intelligence (AI)…
Culture
Nvidia says US export controls on AI chips to China were ‘a failure’
The world’s second-largest economy to invest aggressively to develop a supply chain that does not rely on manufacturers outside the…
Business
China Ran Record Budget Deficit With Spending Blitz Amid Tariffs
(Bloomberg) -- China’s fiscal stimulus pushed its four-month budget deficit to a record high, as the government ramped up support for the…
Culture
US sets the stage for duties on battery materials from China
The US Commerce Department set the stage for anti-subsidy duties on imports of key battery components from China, after concluding…
News
Trump’s China Tariff Deal Is About to Come Back to Bite Him
The president’s tariffs on China appear to have backfired. Last week, Treasury Secretary Scott Bessent announced that U.S. tariffs on…
Business
Far-right German lawmaker Krah investigated over China bribery claims
German prosecutors on Friday opened an investigation into far-right lawmaker Maximilian Krah in connection with bribery by China and money…
Culture
Bain Capital to sell China data centre business likely valued at over US$4 billion: sources
US investment firm Bain Capital is seeking to sell the China business of data centre operator WinTriX DC Group, in a deal that could value…
Business
Tesla’s China EV sales decline 6% YoY in April
Tesla's China-made electric vehicle (EV) sales saw a 6% year-on-year decline in April, a continuation of a seven-month downward trend,…
News
China Is Likely to Play Hardball in U.S. Tariff Talks
By agreeing to meet with the Trump administration to discuss trade, China is seeking to cast itself as the responsible one in a bruising…
Culture
US: Wall St opens higher on China trade de-escalation hopes, Fed decision
Wall Street’s main indexes opened slightly higher on Wednesday (May 7) as investors hoped for a de-escalation in trade tensions with…
Culture
Alibaba, Xiaohongshu in tie-up as China e-commerce competition intensifies
Chinese e-commerce giant Alibaba is partnering with popular content platform Xiaohongshu to allow users on Xiaohongshu to directly click…
News
China Cuts Interest Rates to Shore Up Economy Hit by Trade War
China’s central bank cut interest rates and made it easier on Wednesday for banks to increase lending and pump more money into the…
News
Why China Is Investing So Much Money in Moroccan Factories
When Xi Jinping, China’s top leader, returned from the Group of 20 summit in Brazil last November, he made a stopover in Casablanca, where…
News
Trump Officials to Meet With Chinese Counterparts Amid Trade Standoff
Top officials from the Trump administration will meet with their Chinese counterparts in Switzerland this week, the first formal meeting…
Culture
Oil rises 3% on signs of more Europe and China demand, less US output
Oil prices climbed about 3 per cent on Tuesday on signs of higher demand in Europe and China, lower production in the US, tensions in the…
News
Chinese Imports to US Hit 20-Year Low as Tariffs Sink In
The share of U.S. imports from China in the first quarter of the year fell to its lowest point in over 20 years, as the high tariffs…
News
Barbie Maker Mattel Plans to Raise Prices Because of Trump’s Tariffs
Less than a week ago, President Trump suggested that children may have to make do with fewer toys this year. “Well, maybe the children…
News
UPS and FedEx Once Handled a Deluge of Packages From China. That’s Changing.
Less than a year ago, executives from FedEx and UPS were talking about how they were handling a flood of packages from China to American…
Culture
China resumes spot LNG purchases to take advantage of price drop
The move is a u-turn for Chinese LNG buyers, which had reduced imports and resold shipments because expensive gas was not attractive to a…
News
China’s Garment Factories Face a Tipping Point After New Tariffs
Liu Miao has sold clothing on Amazon to wholesale buyers in the United States for the past five years. That trade has come to an abrupt…
News
Oil Prices Slide Further on Plans to Increase Supply
Oil prices resumed their downward slide after the OPEC Plus cartel of oil producers said over the weekend that it would pump more oil,…
News
A Tidal Wave of Change Is Headed for the U.S. Economy
When the Covid pandemic hit, factories in China shut down and global shipping traffic slowed. Within a matter of a few weeks, products…
News
Trump’s Tariff on Cheap Chinese Imports Will Cost Big Tech Billions
The expansion of the loophole for tariff-free shipments of goods nearly a decade ago gave rise to Temu, Shein and other low-cost online…