Category: China
Citi CEO Jane Fraser joins likes of Elon Musk, Jamie Dimon in visiting China after its reopening
Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. Fraser expressed ‘full confidence in China’s economic and financial development’ and pledged to expand business in the country, the National Administration of Financial Regulation said. https://www.scmp.com/business/china-business/article/3223307/citi-ceo-jane-fraser-joins-likes-elon-musk-jamie-dimon-visiting-china-after-its-reopening?utm_source=rss_feed
Read MoreChinese President Xi Jinping calls for greater efforts to fight desertification after climate change leads to spike in dust clouds
Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. The Chinese leader says the country’s policies have been having an effect but warns that a sustained, long-term effort is still needed to fight the problem. https://www.scmp.com/news/china/politics/article/3223297/chinese-president-xi-jinping-calls-greater-efforts-fight-desertification-after-climate-change-leads?utm_source=rss_feed
Read MoreEurope’s No 2 chip maker STMicroelectronics to form US$3.2 billion semiconductor joint venture with China’s Sanan Optoelectronics in Chongqing
Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. The new joint venture underscores China’s efforts to remain strong in ‘legacy semiconductors’ amid US trade sanctions that restrict the mainland’s access to advanced integrated circuits and chip-making equipment. https://www.scmp.com/tech/big-tech/article/3223287/europes-no-2-chip-maker-stmicroelectronics-form-us32-billion-semiconductor-joint-venture-chinas?utm_source=rss_feed
Read MoreApple’s AirDrop in focus as China moves to restrict Wi-fi, Bluetooth file-sharing over ‘national security’ concerns
Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. Move is latest in Beijing’s drive to boost national security after use of AirDrop mainland zero-Covid and Hong Kong anti-government protesters. https://www.scmp.com/news/china/politics/article/3223303/apples-airdrop-focus-china-moves-restrict-wi-fi-bluetooth-file-sharing-over-national-security?utm_source=rss_feed
Read MoreTaiwan’s tech industry not ‘hollowing out’ as chips head to US, AmCham says, but exports offer weak support
Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. Nine straight months of declining exports saw shipments of Taiwanese electronics fall by 9.9 per cent in May, year on year, but American Chamber of Commerce says concerns are ‘misplaced’ about investment shifting to…
Read MoreShenzhen’s central business district offers chip-making incentives, with millions in subsidies for new projects
Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. Futian district is offering semiconductor companies up to 60 per cent off of rent and research and development subsidies in China’s pursuit of chip self-sufficiency. https://www.scmp.com/tech/tech-trends/article/3223252/shenzhens-central-business-district-offers-chip-making-incentives-millions-subsidies-new-projects?utm_source=rss_feed
Read MoreMost Europeans would want to stay neutral in a US-China war over Taiwan, study finds
Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. Across 11 nations, just 23 per cent said they would prefer to side with the United States, according to European Council on Foreign Relations poll. https://www.scmp.com/news/china/diplomacy/article/3223256/most-europeans-would-want-stay-neutral-us-china-war-over-taiwan-study-finds?utm_source=rss_feed
Read MoreBeijing welcomes ‘correct position’ on Taiwan by UN civil aviation body
Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. Chinese foreign minister Qin Gang urged continued support of the one-China policy during a meeting with the ICAO chief in Beijing. https://www.scmp.com/news/china/diplomacy/article/3223248/beijing-welcomes-correct-position-taiwan-un-civil-aviation-body?utm_source=rss_feed
Read MoreChina’s Vice-Premier Zhang Guoqing, a one-time weapons executive, targets country’s manufacturing sector
Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. During inspection of major manufacturers in Shanghai, Zhang urged speedy value-adding and faster breakthroughs in bottleneck technologies. https://www.scmp.com/news/china/politics/article/3223239/one-time-weapons-executive-and-now-vice-premier-zhang-guoqing-targets-chinas-manufacturing-sector?utm_source=rss_feed
Read MoreChina trade: exports tumble in May, adding to economic woes
Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. China’s exports fell by 7.5 per cent in May compared with a year earlier, while imports fell by 4.5 per cent last month, data released on Wednesday showed. https://www.scmp.com/economy/economic-indicators/article/3223210/china-trade-exports-tumble-may-adding-economic-woes?utm_source=rss_feed
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