China News
BEIJING (AP) — The Chinese government is signaling enough is enough when it comes to the fierce competition in the country’s electric car market. China’s industrial policy has engineered a remarkable transformation to electric vehicles in what is the world’s largest auto market. In so doing, it has spawned far more makers than can possibly…
China’s tech giants JD.com and Ant Group are pushing Beijing to approve a yuan-backed stablecoin in Hong Kong to rival dollar-based stablecoins like USDT. They emphasize the need for an offshore yuan stablecoin to boost the currency’s global presence amid rising USDT dominance in cross-border payments. Analysts warn that delaying the yuan stablecoin launch risks…
BEIJING (AP) — The Chinese government is signaling enough is enough when it comes to the fierce competition in the country’s electric car market. China’s industrial policy has engineered a remarkable transformation to electric vehicles in what is the world’s largest auto market. In so doing, it has … Source link
![[News] NXP Reportedly Eyes Local Foundry Partner to Boost Full Chipmaking in China](https://news.charm-retirement.com/wp-content/uploads/2025/07/NXP-Hamburg-Germany-624x416-600x400.jpg "[News] NXP Reportedly Eyes Local Foundry Partner to Boost Full Chipmaking in China")
Amid rising U.S. export controls and looming tariff risks, Dutch chipmaker NXP is doubling down on its China localization strategy—“In China, For China, For the World.” According to Chinese outlet Jiemian, the company now plans to partner with a local foundry to manufacture its chips entirely within China. Citing remarks from Xiang Zhou, Marketing Director…
In contrast to the perception that Beijing has placed a lot of “guardrails” on AI, China’s AI regulation so far has been limited. The first half of 2025 has witnessed a wave of artificial intelligence adoption in China. The speed and extent of this trend has exceeded previous technology waves, such as the internet in…
Beijing cannot afford to see Russia lose the Ukraine war, because it needs America focused on Moscow and Kyiv — and away from the Pacific, China’s top diplomat told his EU counterpart, according to a new report. Foreign Minister Wang Yi allegedly shocked European officials at a Brussels meeting Wednesday when he dropped all pretenses…
Legoland’s Shanghai theme park opens this week as the world’s biggest of its kind. But attracting the crowds that Disneyland did when it launched in 2016 will be an uphill battle for operator Merlin Entertainments in China’s now frugal, crowded consumer market. Source link
A 90-day freeze on sweeping U.S. tariffs is set to expire on July 9, sowing economic uncertainty as the Trump administration works to revamp the terms of global trade. The stakes for millions of U.S. consumers and businesses are high. Economists warn that the barrage of import duties announced on April 2, which President Trump called “Liberation…
Cadence Design Systems, Inc. is No. 1 worldwide in developing and marketing design software for integrated circuits and electronic systems. Net sales break down by activity as follows: – sale of licenses (90.8%): design software, integrated circuit verification, simulation, and performance control systems, etc. In addition, the group offers maintenance services; – services (9.2%): consulting,…
Archaeologists have unearthed an assemblage of 35 wooden tools — digging sticks and small, complete, hand-held pointed tools — at the Early Paleolithic site of Gantangqing in southwestern China. This discovery reveals that hominins who used these tools crafted the wooden implements not for hunting, but for digging and processing plants. The wooden tools found…