China says products made by US memory chip giant Micron Technology are a national security risk. The nation’s cyberspace authority declared on Sunday that the nation’s top memory chip manufacturer presents “serious network security risks.” It implies that the company’s goods won’t be allowed in significant infrastructure projects in the second-largest economy in the world. […] Read more
Following reports that the EU has proposed sanctions against Chinese companies over alleged “military aid to Russia,” a spokesperson for the Ministry of Commerce (MOFCOM) said on Thursday that China implores the EU to cherish the general situation of China-EU mutual trust and cooperation, act responsibly, and not set a bad precedent. Sanctions have been […] Read more
The Russian Consulate in Cape Town said on Monday that the Admiral Gorshkov frigate, which is equipped with Zircon hypersonic missiles, had moored there ahead of joint military exercises with South Africa, Russia, and China. The battleship landed in the Mother City on its route to Durban, where it will participate in cooperative naval maneuvers […] Read more
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
