Chinese companies are ready to return to Sudan at a moment’s notice, according to a Chinese official, once security and stability are restored in the northeast African nation engulfed in a civil war. Multibillion-dollar Chinese oil and gas projects have been stalled or destroyed since the fighting began in April last year. Chinese-built and funded…
Last month, e-commerce giant JD.com cut ties with the female comedian Yang Li after a promotional campaign triggered intense backlash from male customers, including some who threatened to stop shopping on the app. At the heart of their criticism appears to be Yang’s mildly sarcastic poke at men in a 2020 routine, where she asked:…
As the U.S. continues to strengthen restrictions on advanced technology in China, U.S.-based chip equipment manufacturers are reportedly telling suppliers to find alternatives to Chinese-made components. Chip equipment makers, including California-based Applied Materials (AMAT) and Lam Research (LRCX), have told suppliers they worry risking their vendor status for using certain components supplied by China, the…
A trade war between China and the European Union was set to intensify after Beijing said it had lodged a complaint with the World Trade Organization following a move by the European Union to hike tariffs on Chinese-made electric vehicles. China’s commerce ministry on Wednesday said in a statement that it “does not agree with…
Hong Kong will continue to lobby Beijing to encourage more mainland Chinese companies to list in the city and improve the flow of people, data and capital within the Greater Bay Area, the finance chief has said. “We continue to lobby the central government for policies that are good for Hong Kong,” Financial Secretary Paul…
Hong Kong will continue to lobby Beijing to encourage more mainland Chinese companies to list in the city and improve the flow of people, data and capital within the Greater Bay Area, the finance chief has said. “We continue to lobby the central government for policies that are good for Hong Kong,” Financial Secretary Paul…
Key US lawmakers are pressing the Biden administration to block Huawei Technologies suppliers from buying American chipmaking gear, escalating efforts to prevent the sanctioned Chinese telecoms giant from making progress on semiconductor manufacturing. The top Republican and Democrat on the House China Select Committee outlined their concerns in a letter Wednesday to Commerce Secretary Gina…
To reduce security risks associated with doing business in China, the U.S.-based consulting firm has been separating its China operations from other global operations, people familiar with the matter said—a practice increasingly popular among multinational companies. Western businesses with decades of experience in China—both McKinsey and those it advises—are facing some of their most challenging…
BEIJING (Reuters) -China’s commerce minister on Tuesday raised “serious concerns” with U.S. Secretary of Commerce over U.S. semiconductor policies towards China and restrictions on Chinese connected vehicles, calling for sanctions against Chinese companies to be lifted. During a call with Gina Raimondo, Wang Wentao emphasised the need to clarify national security boundaries in trade to…
We recently published a list of 7 Cheap Chinese Stocks To Invest In Now. In this article, we are going to take a look at where Baidu (NASDAQ:BIDU) stands against the other cheap Chinese stocks to invest in now. The Economy of China According to a report by the International Monetary Fund (IMF), China’s economy…