US Commerce Secretary Gina Raimondo on Saturday called on lawmakers, Silicon Valley and US allies to prevent China from obtaining semiconductors and cutting-edge technologies critical to national security. At an annual national defense forum in Simi Valley, California, Raimondo called Beijing “the biggest threat we’ve ever had” and stressed: “China is not our friend.” The … [Read more…]
US Commerce Secretary Gina Raimondo on Saturday called on lawmakers, Silicon Valley and US allies to prevent China from obtaining semiconductors and cutting-edge technologies critical to national security. At an annual national defense forum in Simi Valley, California, Raimondo called Beijing “the biggest threat we’ve ever had” and stressed: “China is not our friend.” The … [Read more…]
An employee works on a production line for producing steel structures at a factory in Huzhou, Zhejiang province, China, May 17, 2020. Picture taken May 17, 2020. China Daily via Portal/File Photo Rights Acquire China’s private PMI unexpectedly rises in November Manufacturing activity is declining in Japan and stabilizing in South Korea Weak global demand … [Read more…]
Patrick T. Fallon/Bloomberg/Getty Images/File Charlie Munger has died at the age of 99. Hong Kong CNN – Chinese social media users are mourning the death of billionaire investor Charlie Munger. The vice chairman of Berkshire Hathaway died “peacefully” in a California hospital on Tuesday morning, the investment firm said in a press release. A cause … [Read more…]
Monday, November 27, 2023, 12:26 a.m. EST Beijing Stock Exchange asks major shareholders of listed companies not to reduce their holdings: Portal The Beijing Stock Exchange has urged major shareholders of listed companies not to reduce their holdings even if they are entitled to do so, Portal reported. Citing people familiar with the matter, Portal … [Read more…]
Apple supplier Foxconn said it plans to invest more than $1.5 billion in India in an unspecified construction project to meet its “operational needs.” Foxconn already has several projects in the works in India, including factories in the states of Karnataka and Telangana. Foxconn is a key Apple supplier and plays a crucial role in … [Read more…]
Bloomberg/Getty Images Signage at the offices of Zhongrong International Trust Co. in Beijing, China, on Monday, August 21, 2023. Hong Kong CNN – The The problems of one of China’s largest private financial conglomerates have deepened as Zhongzhi is now the focus of a criminal investigation. Beijing police have launched an investigation into Zhongzhi Enterprise … [Read more…]
Photographers take photos near a large screen showing stock prices on the Tokyo Stock Exchange (TSE) after the market opened on October 2, 2020 in Tokyo, Japan. Portal/Kim Kyung-Hoon/File Photo Acquire License Rights SYDNEY, Nov 24 (Portal) – Asian stocks were dragged lower by China on Friday as Wall Street, closed for a holiday, was … [Read more…]
44 minutes ago Nikkei 225 briefly hits its 33-year high, its highest level since May 1990 Japan’s Nikkei 225 briefly touched its 33-year high on Monday morning, while the benchmark Nikkei 225 hit a high of 33,848.98 intraday. This surpassed the previous high of 33,753 on March 7 and is the highest since May 1990. … [Read more…]
Kia officially unveiled the EV5 in China at the 2023 Guangzhou International Auto Expo. The electric vehicle was unveiled at the Chengdu Motor Show earlier this year and was available to order in the country starting at 159,800 yuan (~$22,162). However, the company just announced that the EV5 will be available starting at 149,800 yuan … [Read more…]