China AI Chip Companies Raise Billions in Hong Kong
China’s artificial intelligence and semiconductor companies are increasingly raising capital on Hong Kong’s stock markets, securing billions of dollars as global technology rivalry intensifies. With growing restrictions on advanced chip and technology exports from the United States, Hong Kong has emerged as a key financial hub for Chinese firms seeking
China & Ireland to Enhance Ties With Mutual Cooperation
Chinese and Irish leaders met in Beijing on Monday to strengthen strategic communication and expand practical cooperation. Their conversation aims to achieve mutually beneficial outcomes for both countries. Chinese President Xi Jinping did not state what cooperation they are interested in furthering in their opening remarks at their meeting at
Chinese Companies’ Making Strategic Move to Singapore
Companies’ growing concerns in China have prompted them to relocate their operations to Singapore. They believe this will reduce the political tensions between China and the United States. This trend, called ‘Singapore washing’ by some experts, began gaining attention in the US near the end of Donald Trump’s first term,
Nvidia H200 Export Ban to China Under Review by U.S.
The Trump administration is contemplating approval for the sale of Nvidia’s H200 AI chips to China, according to sources familiar with the matter. This potential move comes amid improving bilateral relations that have heightened hopes for increased exports of advanced U.S. technology to China. The Commerce Department, responsible for overseeing
China’s Travel Warning Hits Japan’s Tourism and Economy Hard
Within days of China advising its citizens against travelling to Japan amid a diplomatic dispute, Tokyo-based tour operator East Japan International Travel Service reported an 80% decline in bookings for the rest of the year. The small firm, specialising in group tours mostly for Chinese clients, faces severe repercussions from
China Links US to $13 Billion Bitcoin Theft from LuBian
China’s cybersecurity authorities have accused the US of being responsible for the theft of approximately $13 billion worth of Bitcoin. The theft occurred in December 2020 when hackers targeted the LuBian Bitcoin mining pool, resulting in the loss of 127,272 Bitcoin tokens, one of the largest crypto heists in history,
China Export Decline Deepens as Tariff Pressures Mount
China’s exports declined unexpectedly in October, marking the worst performance since February. Outbound shipments fell by 1.1%, reversing from an 8.3% increase in September, and missing the forecasted 3.0% growth. This decline was partly due to a high base last year when exports surged in anticipation of President Trump’s tariffs
China Services Activity Hits 3-Month Low in October
According to a private survey released on Wednesday, Chinese service activity appears to slow down over the next three months, as a decline in overseas orders is offset by improved domestic demand. Recent data shows a slowdown in growth. The RatingDog China General Services PMI, compiled by S&P Global, decreased
China Products Ready to Re-enter the Indian Market
After a four-year hiatus, India has approved Chinese exports to re-enter the Indian market. The government is working diligently to process pending applications from local companies that want to import electronics components, footwear, everyday household items, steel products, raw materials, and other finished goods. These imports need certification of the
Pfizer CEO Seeks Stronger U.S.-China Biopharma Links
Pfizer CEO Albert Bourla highlighted the significant role of China in the global pharmaceutical industry during a speech at the National Committee on U.S.-China Relations Gala in New York. He emphasised that China’s rapid development in biopharma has transformed the global competitive landscape by achieving remarkable speed, lower costs, and
