Tag: china
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Why this little known Chinese chipmaker has caused a global stock rout
China’s leading memory chipmaker CXMT has reportedly made progress on new designs.
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Germany shifts toward tougher EU trade defenses as pressure from Chinese competition grows
Germany has long resisted tougher action against China, fearing retaliation. But rising pressure on key industries has pushed Berlin to seek stronger EU trade-defense powers to protect its industrial base.
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US says it opposes Chinese ‘coercion’, after Belize and Paraguay ministers sanctioned
A Chinese foreign ministry spokesperson said in response that the United States should “stop sending the wrong signals to Taiwan separatist forces”.
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Visa gets Beijing’s green light for bank card business after 40 years of working with China
The incremental approval comes as the U.S. and Chinese presidents are due to meet for a third time this year next month.
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China approves local clearing organisation for Visa after years-long wait
With a local clearing organisation in China, Visa would be able to settle domestic yuan transactions directly with its own network.
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Commentary: America is risking its biggest asset
Nations are rediscovering choke points as a foreign policy strategy. They should use them sparingly, says Michael Froman for The New York Times.
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CNBC’s The China Connection newsletter: How a gold-buying spree helps the yuan go global
Plans to develop a gold trading hub in Hong Kong coincide with China’s growing gold reserves.
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CNA Explains: How the new Huanggang Port will improve Hong Kong-mainland connectivity
The revamped Huanggang Port becomes the first Hong Kong-mainland China checkpoint to use a joint clearance system, with passengers only having to show their documents once.
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China condemns Houthi attacks on Saudi Arabia, warns of escalation
“We call on relevant parties to avoid taking actions that escalate regional tensions,” said a China foreign ministry spokesperson.
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China announces sanctions on Paraguay, Belize ministers over Taiwan ties
The measures against Paraguay’s Communications Minister Gustavo Villate and Belize’s Foreign Minister Francis Fonseca include the freezing of their property and assets in China, visa denials and the banning of organisations in China from doing business with them.
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