The Chinese commerce ministry’s latest remarks on the TikTok deal in the US signalled acceptance rather than approval, as Beijing “hopes” the arrangement will comply with Chinese laws and strike a balance between rival interests, analysts say. The Chinese Ministry of Commerce, which oversees trade and export controls, declared its position a week after TikTok…
The crisis surrounding the chipmaker Nexperia erupted into a war of words on Friday, with the company’s Chinese and Dutch arms trading barbs, while Beijing slammed the Dutch minister involved. It shows the company’s Chinese and European arms at war, despite claims of a diplomatic resolution to the crisis last week. It also shows the…
(Bloomberg) — China on Sunday confirmed that it has taken steps to exempt compliant exports of Nexperia chips intended for civilian use, while urging the European side to make progress in resolving the clash that threatens to disrupt global auto production. “China has taken practical measures to exempt compliant exports for civilian use,” a Ministry…
China is demanding more significant concessions from the government of the Netherlands in the chip crisis involving the Dutch company Nexperia. The Netherlands has not yet taken any noticeable measures to prevent the violation of rights and interests of Chinese firms and to restore the stability of global supply chains, the Ministry of Commerce in…
Chinese businesses should pivot their attention to the “rising” Global South such as Africa and the Middle East while minimising foreign investment risks through localisation, according to a former senior diplomat. Le Yucheng, who was a Chinese foreign vice-minister from 2018 to 2022, offered the assessment on Wednesday at the Hongqiao International Economic Forum in…
Wingtech Technology, the Chinese owner of Nexperia, has named experienced general counsel Sophie Shen Xinjia, a Columbia Law School graduate, as its president amid a Sino-Dutch dispute over control of the Netherlands-based chipmaker. Shen’s tenure as president would be in line with that of Wingtech’s 12th board, which was formed in January and will expire…
Nexperia has withheld access to work accounts and halted salaries for its employees in China, according to local news reports citing a letter from the Chinese unit of the Dutch chipmaker, marking the latest escalation in a growing political dispute between the Netherlands and China. The Chinese unit of Nexperia informed customers on Friday that…
The Dutch government believed chipmaker Nexperia’s Chinese owners planned to move its manufacturing operations to China, prompting the unprecedented seizure of the company that has sent shock waves through the global tech world. Earlier this month, authorities seized control of Nexperia’s management and ousted its Chinese CEO, Zhang Xuezheng, citing national security concerns. In response,…
The trade tensions between the United States and China have flared up once again, after a brief phase of calm, exposing how deep the divide and mistrust between the two giant economies still run.What began as a simmering disagreement over rare earth exports has now escalated into a full-blown confrontation, with both Washington and Beijing…
The US-China trade war intensified on Sunday after Beijing accused Washington of “double standards” following President Donald Trump’s decision to impose an additional 100% tariff on Chinese goods. “The relevant US statement is a typical example of double standards,” China’s ministry of commerce said in a statement, according to Reuters.The ministry reaffirmed Beijing’s stance on…