Following news reports that the United States would increase pressure on telecommunications giant Huawei by denying access to any American suppliers, China’s leadership charged Washington on Tuesday with seeking “technology hegemony.” Bloomberg News, The Financial Times, and The Wall Street Journal all reported on the potential action, which would strengthen limitations put in place in […] Read more
A device used by the military for its missiles that was sent to China for repair has prompted calls for tighter security in Taiwan. A launch measuring optical instrument for Taiwan’s Hsiung-Feng III anti-ship missiles was sent to its European maker. Then, according to Taiwanese media, it was returned to Taiwan from the eastern Chinese […] Read more
China’s purchases of U.S. goods are still falling short of trade agreement levels, even as overall Chinese imports from the U.S. have surged. That’s according to analysis out Monday from the U.S.-based Peterson Institute for International Economics. In January 2020, before the coronavirus pandemic and under former U.S. President Donald Trump, China agreed to buy at […] Read more
China is cracking down on stocks that trade on U.S. exchanges. Here’s what it means if you hold them
China’s most powerful companies — including Didi, Alibaba and Tencent — are suddenly under immense scrutiny as country vows to crack down on domestic companies that list on U.S. exchanges. That move could upend a $2 trillion market loved by some of the biggest American investors. Beijing is stepping up its oversight on the flood of Chinese listings in […] Read more
China will step up supervision of Chinese firms listed offshore, its cabinet said on Tuesday, days after Beijing launched a cybersecurity investigation into ride-hailing giant Didi Global on the heels of its U.S. stock market listing. Under the new measures, China will improve regulation of cross-border data flows and security, crack down on illegal activity in the […] Read more
Newport Wafer Fab, the U.K.’s largest chip producer, is set to be acquired by Chinese-owned semiconductor company Nexperia for around £63 million ($87 million) next week, according to two sources close to the deal who asked to remain anonymous because the information is not yet public. Nexperia, a Dutch firm that is 100%-owned by China’s Wingtech […] Read more
The U.S. lags behind China and Europe when it comes to production and uptake of electric vehicles domestically, according to a new study by the International Council on Clean Transportation — and that gap widened from 2017 to 2020. The world manufactured more than 10 million electric passenger vehicles between 2010 and 2020, according to […] Read more
The closure of Hong Kong pro-democracy newspaper Apple Daily is a sign that press freedom is under threat in the semi-autonomous region, according to a representative of the Hong Kong Journalists Association. “The threat is clear, very clear that we have to learn lessons from Apple Daily,” Ronson Chan, chairperson of the Hong Kong Journalists Association, told […] Read more
Chinese ride-hailing giant Didi Chuxing on Thursday filed to go public in what could be one of the largest tech IPOs of this year, positioning large shareholders Uber and SoftBank for a win. The company reported $21.6 billion in revenue last year. It also posted a profit this past quarter on $6.4 billion in revenue. Specifically, the […] Read more
Even with headwinds from the Fed and inflation, a booming economy and strong earnings should send the market to a series of new highs this summer. The S&P 500 was lower Monday as the market meanders ahead of next week’s Fed meeting. The S&P 500 was slightly less than 20 points below the May 7 high […] Read more
