Tag: China Business & Economy

Huawei’s Chipmaker Suffers Production Stoppage and Cuts Due to Successive US Sanctions

January 9, 2022
ChinaChina Business & EconomyChinese RegimechipHiSiliconHuaweiU.S. sanctionUS-China relations
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News Analysis Huawei, after being plagued by U.S. sanctions for two and a half years, has seen its chipmaker also in distress—not only has its high-end chip production has been halted, but also shipments of its mobile application processors (AP) have shrunk. Shipments for Huawei chipmaker HiSilicon’s smartphone APs declined 96 percent in the third…

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Chinese Police Put Walmart on Notice Over Violation to China’s Cybersecurity Law

January 9, 2022
Alibaba CloudAsia & PacificBusiness & EconomyChinaChina Business & EconomyChinese RegimeCompaniescybersecuritytechnologyWalmartWorld
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Walmart has recently struggled in China. After being accused of allegedly halting the sale of products from Xinjiang, the retail giant received a warning issued by Chinese police for alleged breaches of China’s cybersecurity regulations, as the regime tightens its grip on how companies inside its borders process data. According to a report dated Jan. 5 by…

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South Korea’s Consumer Price Index Rising at Record Pace Due to Heavy Reliance on Imports From China

January 8, 2022
Asia & PacificChinaChina Business & Economyconsumer price indexCPIinflationproducer price indexSouth KoreaWorld
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China’s rising raw material costs are driving up the prices of consumer goods in South Korea, said the Bank of Korea. According to a Yonhap News Agency report citing the Bank of Korea, China’s soaring producer price index and export prices driven by its rising raw material costs are adding to South Korea’s inflation pressures,…

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Strong Overnight Earthquake Shakes Western China

January 8, 2022
Asia & PacificChinaChina Business & EconomyearthquakeGansuQInghaiWorld
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A strong overnight earthquake hit two provinces in Western China, causing tunnel damage that forced the high-speed rail service to suspend operations. Four people incurred minor injuries in the Menyuan county of Qinghai Province, officials told a press conference. The four have been treated and released. The magnitude 6.9 quake struck at 1:45 a.m. in…

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Hong Kong Bars, Restaurants Face More Pain With Return of COVID-19 Curbs

January 8, 2022
CCP VirusChinaChina Business & EconomyHK Current AffairsHong KongrestaurantsSpecial Topics
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HONG KONG—Hong Kong’s bars, restaurants, and caterers say tighter COVID-19 restrictions may cause hundreds of millions of dollars in losses, threaten jobs and even, for some, their survival. On Friday, 15 types of venues, including bars, clubs, gyms and beauty parlors had to close for at least two weeks. Restaurants can stay open until 6.00…

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Lithuania Draws Closer to Taiwan, Seeking ‘A New Light’: Congressman

January 7, 2022
Asia & Pacificauthoritarian regimesChinaChina Business & EconomyChinese RegimeEuropeEurope-China RelationsFinance & Business TiesInternationalInternational RelationsLithuaniaSpecial TopicsTaiwanWorld
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Lithuania’s stand over Taiwan “puts everything in a new light,” said its Parliamentarian Matas Maldeikis, as the European country faces retaliation from Beijing for drawing closer to the democratic island. “We want to create economical bounds with liberal democracy as much as possible, because it’s a question of time … authoritarian regimes fall,” Maldeikis said…

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China Engaged in ‘Direct Coercion’ of United States: Rep. Bera

January 7, 2022
Ami BeraCenter for a New American SecurityChinaChina Business & EconomyChinese RegimeCNAScongressInternational RelationsKurt CampbellPRCUS-China relations
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The United States must do more to understand how China’s communist regime is leveraging economic coercion and statecraft against it, according to Rep. Ami Bera (D-Calif.). “It’s extremely important that the United States administration, whether it’s a Democratic or Republican administration, understands how China uses economic coercion,” Bera said during a webinar hosted by the…

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China Tech Crackdown Makes Beijing Loyalists Uncomfortable

January 7, 2022
AnalysisChinaChina Business & EconomyChinese RegimecrackdownOpinionTechThinking About ChinaViewpoints
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News Analysis China’s tech sector is becoming uninvestable for a host of reasons, not least that the Beijing regime hates capitalism. It’s a communist country and its leader, Xi Jinping, appears to be a true believer and on track to be emperor for life. CNBC’s “Mad Money” celebrity investor, Jim Cramer, put it in about these…

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China to Impose New Rules on Big Platforms Listing Overseas

January 7, 2022
algorithm technologyChinaChina Business & EconomyChinese Regimecyber securityCyberspace Administration of Chinatechnology
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Beijing’s cyberspace watchdog said this week that, starting Feb. 15, Chinese platform companies holding the personal data of more than one million users will go through a cyber security review before listing shares overseas. The move comes amid a wave of regulatory changes to tighten the regime’s grip over big tech companies in China. According to a…

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CBP Seizes Shipment Containing 50,000 Fake Apple AirPods, 920 Nintendo Video Game Consoles From China

January 7, 2022
appleChinaChina Business & EconomyCrime and IncidentsFeatured TopicsImmigration & Border SecurityNintendoThreat from Communist ChinaUSUS NewsUS-China relations
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Customs agents working at the Port of Houston seized a shipment containing 50,000 fake Apple AirPods and 920 Nintendo video game consoles early last month for violating intellectual property rights (IPR), U.S. Customs and Border Protection announced on Thursday. The officers discovered the illegitimate products after inspecting a shipment of goods arriving from China into the United…

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