Biden declares ‘national emergency’ as he bans US investment in Chinese tech August 10, 2023 President Joe Biden on Wednesday signed an executive order that will prohibit some new U.S. investment in China in sensitive technologies like computer chips and require government notification in other tech sectors. The long-awaited order authorizes the U.S. Treasury secretary to prohibit or restrict U.S. investments in Chinese entities in three sectors: semiconductors and microelectronics, quantum information technologies [...]
China is main ‘threat’ to economic security – and UK blocked EIGHT Beijing takeover bids in last year July 11, 2023 China is the biggest “state-based threat” to the UK’s economic security, deputy prime minister Oliver Dowden has said. Cabinet Office figures have revealed the government intervened in eight attempts by Chinese buyers to takeover UK firms due to national security fears in the last year. Dowden told the BBC Chinese deals posed risks due to [...]
‘No limits friendship’: Why is China premier Xi in Moscow – and can he help end Russia’s war in Ukraine? March 20, 2023 Chinese leader Xi Jinping has arrived in Moscow on a three-day visit that shows off Beijing’s new diplomatic swagger and offers a welcome political lift for Russian President Vladimir Putin as the fighting in Ukraine slows to a grinding war of attrition. China and Russia have described Mr Xi’s trip as part of efforts to [...]
More Covid restrictions lifted: China and Hong Kong scrap need for PCR test to travel between authorities February 3, 2023 Travel between Hong Kong and China will no longer require Covid PCR tests or be limited, authorities have announced. Hong Kong’s tourism industry has suffered since 2019 after months of political strife that at times turned into violent clashes between protesters and police, as well as harsh entry restrictions implemented during the pandemic. “From Monday, [...]
The Notebook: Victoria Scholar on Chinese New Year, air fares and edible economics January 24, 2023 | City Talk The notebook is where interesting people say interesting things. Today it’s Victoria Scholar, Head of Investment at Interactive Investor, on Chinese New Year, why air fares are on the increase and what we can learn about economics from food As the Chinese New Year begins, investors are increasingly turning their attention back to markets in [...]
Huawei out of ‘crisis mode’ after years of US restrictions on Chinese tech giant December 30, 2022 Huawei, the Chinese technology giant, says it has emerged from “crisis mode” after years of US restrictions that have stifled its overseas sales, even though its revenue for 2022 failed to grow from a year earlier. “US restrictions are now our new normal, and we’re back to business as usual,” Eric Xu, Huawei’s current chairman, [...]
Fears of tougher restrictions sweep China after first Covid death in months November 21, 2022 Fears of tougher restrictions have reignited across China today, after the country recorded its first Covid-19 death in six months. On Sunday, an 87-year-old man in Beijing died as infections across the country spike. Beijing has in recent days moved to confine some residents to their homes and ordered others to quarantine centres. Markets fell [...]
Apple asks Taiwan suppliers to label products as ‘Made in China’ August 8, 2022 Apple yesterday asked Taiwan-based suppliers to use the ‘made in China’ label, as the firm reportedly wants products to comply with Bejing rule in a bid to avoid disruption from Chinese customs inspections. According to Nikkei, the company wants manufacturers on the island to label components bound for China as made in “Chinese Taipei” or [...]
Latest Chinese economic data sends shockwaves through Asia as world’s second-largest market shrinks July 15, 2022 After Shanghai and other cities shut down to fight coronavirus outbreaks, China’s economy contracted in the three months ending in June compared with the previous quarter. The world’s second-largest economy shrank by 2.6 per cent, down from the January-March period’s already weak 1.4 per cent, official data showed today. Activity was “much weaker than expected”, [...]
World Bank slashes global growth forecast after warning the world is teetering on the edge of ‘stagflation’ June 7, 2022 THE WORLD Bank yesterday slashed its forecast for global growth this year by more than 1 per cent due to increasing inflation and the economic after-effects of Russia’s invasion of Ukraine. The body had anticipated global growth of 4.1 per cent at its last update in January, but cut that in an announcement yesterday to [...]