Category: China Business & Economy

China’s High-End Chip Industry Struggling After US Announces Microchip Export Ban

November 29, 2022
Business & MarketsChinaChina Business & Economychip banCompaniesEntity Listexport controltechnologyUS-China relations
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News Analysis After the United States announced the export ban on the sale of advanced chips to entities in China, the Chinese regime’s high-end chip industry finds it difficult to pursue its original research and production goals. Under the new U.S. regulations, logic chips of 14/16 nanometers (nm) or below, DRAM memory chips of 18 nm…

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South Korean Chipmakers Make Rapid Gains in US Market While Reducing Reliance on China

November 29, 2022
Asia & PacificBusiness & MarketsChinaChina Business & Economychipmakersexport controlsSamsungsemiconductorSK HynixUS-China relationsWorldYMTC
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Amid the escalating strategic rivalry between the United States and China, South Korean semiconductor giants are rapidly shifting sales to the U.S. market while reducing dependence on China. Recent business reports released by Samsung Electronics and SK Hynix showed their sales in China dropped 3.77 percent and 5.39 percent respectively in the third quarter (Q3)…

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China’s Reserve Ratio Cut May Heighten Companies’ and Banks’ Financial Risk

November 29, 2022
ChinaChina Business & EconomyChina central bankChina’s Zero-Covid Policycut bank reservesOpinionViewpoints
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Commentary On Nov. 25, China’s central bank announced its plan to cut the reserve ratio by 0.25 percent points, effective on Dec. 5, 2022. This would release 500 billion yuan ($69.7 billion) worth of long-term liquidity to the market. However, this move may not effectively boost the economy, but instead increase the financial risk for both…

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World Economic Forum Chair Klaus Schwab Praises China as Being a ‘Role Model’ for Many Nations

November 28, 2022
Business & MarketsChinaChina Business & EconomyChinese RegimeCOVID-19economic policieseconomyEuropeInternationalInternational RelationsKlaus SchwabWorld
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Klaus Schwab, founder of the World Economic Forum (WEF) declared that the Chinese Communist Party (CCP) is a “role model” for other nations in an interview with Chinese state media. Schwab made the comments in an interview with the Chinese state-run television network CGTN on the sidelines of the APEC CEO Summit in Bangkok, Thailand, on Nov. 19. “I respect…

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Fearing Revenue Losses, Local Governments Mobilize Veterans to Cover Worker Shortage at Foxconn

November 27, 2022
Asia & PacificBusiness & MarketsBusinesses in COVID-19CCP VirusChinaChina Business & EconomyCompanieseconomic policiesFoxconnINSIDE CHINAMedia & Big TechTaiwanTechveteranWorldzero-COVID
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Municipal authorities of Zhengzhou city in central China’s Henan Province, where the Taiwanese company Foxconn has its biggest factory, are mobilizing ex-soldiers to make up for the shortage of workers caused by the ongoing zero-COVID approach. Earlier this month, many civil servants in Henan Province were notified to mobilize grassroots cadres and retired soldiers to…

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China Tipping Into Economic and COVID Chaos, Again

November 27, 2022
ChinaChina Business & EconomyCOVIDOpinionThinking About China
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Commentary Beijing has begun economic stimulus measures after the 20th National Congress last month. But in typical Chinese Communist Party (CCP) fashion, the signals are mixed and Western investors hoping for broad economic reform will likely be left disappointed. Chinese stocks have been in rally mode in November, especially the big tech companies, reversing an…

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China Regulator Says Tesla Recalls More Than 80,000 Cars

November 25, 2022
Business & MarketsChinaChina Business & EconomyCompaniesrecalltesla
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BEIJING—Tesla Inc. is recalling more than 80,000 China-made and imported cars produced from as early as 2013, for software and seat belt issues, a statement by the Chinese market regulator revealed on Friday. The U.S.-based electric car maker has recalled 67,698 Model S and Model X cars imported to China between Sept. 25, 2013 and…

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Asian Investment Bolsters US Manufacturing Revival

November 25, 2022
5-nanometerArizonabatteryBusiness & MarketsBusiness ColumnistsChinaChina Business & EconomychipsMarketsTaiwan Semiconductor Manufacturing Company (TSMC)US-China relations
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News Analysis A Taiwanese chipmaking giant is doubling down on a sprawling factory it’s building north of Phoenix, adding to a wave of Asian investment that is boosting employment in the resurgent U.S. manufacturing sector. Taiwan Semiconductor Manufacturing Company (TSMC), Apple’s exclusive chip supplier, aims to make silicon chips using its advanced 5-nanometer production process…

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Contradictory COVID-19 Control Policies Cause Chaos Across China as Cases Surge

November 25, 2022
Asia & PacificCCP VirusChinaChina Business & EconomyChina Human RightsChinese RegimeINSIDE CHINAlockdownPCR testingsocial controlSpecial TopicsWorldzero-COVID
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Reported cases of COVID-19 in China have hit record highs in recent days amid growing public discontent over the regime’s strict control measures. Meanwhile, the ruling Chinese Communist Party (CCP) continues to issue contradictory messages about when to loosen the restrictions, which analysts believe has caused chaos in the control of COVID-19 in various regions….

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What Happens If China’s Economy Collapses?

November 25, 2022
Business & MarketsChinaChina Business & EconomyChina economyChinese RegimeeconomyMarketsUncategorized
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China, home to a population of over 1.4 billion, is the world’s second-largest economy, with the nation experiencing an average annual growth rate of 6.7 percent since 2012, driven in part by its dominance in manufacturing and its cheap exports of goods. As of 2022, China had a GDP of $17.7 trillion, just behind the United States with…

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