Category: Chinese
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Taiwan says China seizes fishing boat near Chinese coast By Reuters
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By Ben Blanchard and Yimo Lee TAIPEI (Reuters) – Chinese officials boarded a Taiwanese fishing boat operating close to China’s coast near a Taiwan-controlled island late on Tuesday, then seized it and took it to a Chinese port, Taiwan’s coast guard said, in a further escalation of tensions. China views…
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UN adopts Chinese resolution with US support on closing the gap in access to artificial intelligence
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Breadcrumbs Path Links PMN Business Article author: Associated Press Edith M. Lederer Published on July 2, 2024 • Read for 3 minutes You can save this article by registering for free here. Or log in if you have an account. FILE – Fu Cong, China’s permanent representative to the United…
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Asia markets mostly rise as traders digest mixed Chinese PMI, other region’s economic data
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primeimages/E+ via Getty Images Stock markets in the Asia-Pacific region started the second half of the year on a positive note as investors digested mixed Chinese PMI data, and the data showed that confidence among large Japanese manufacturers improved to a two-year high in the second quarter amid… Improving economic…
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Economic calendar in Asia 01 July 2024 – another Chinese PMI due
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Over the weekend, China’s official PMIs for June were released: Today we get the Caixin Manufacturing PMI which was privately surveyed. This remained in expansion in May despite the National Bureau of Statistics’ manufacturing PMI falling into contraction. This image is from the ForexLive economic data calendar, You can access…
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Chinese yuan softens, USDCNY at 7-mth high on weak fix, trade jitters By Investing.com
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Investing.com — The Chinese yuan fell on Tuesday, with the key USD/CHN yuan pair hitting a seven-month high after a weak mid-term reform by the People’s Bank of China, while concerns about the trade war with the West were also present. The yuan pair, which measures the number of yuan…
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Treasury proposes ban on many investments in Chinese semiconductor production
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The United States is determined to dominate semiconductors and not let China catch up. Proposed new rules restrict US investment in key sectors The rules prohibit certain investments in advanced design, automation, manufacturing and packaging tools Quantum computers and artificial intelligence have also been targeted Proposes notification requirements for all…
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Treasury proposes ban on many investments in Chinese semiconductor production
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The United States is determined to dominate semiconductors and not let China catch up. Proposed new rules restrict US investment in key sectors The rules prohibit certain investments in advanced design, automation, manufacturing and packaging tools Quantum computers and artificial intelligence have also been targeted Proposes notification requirements for all…
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Chinese House Prices Plunge at Fastest Rate in a Decade
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Chinese property prices fell last month at their fastest rate in a decade, raising concerns about the stability of the world’s second-largest economy. According to the National Bureau of Statistics, new home prices fell by 0.7% month-on-month in May, the largest monthly decline since October 2014. The decline marks the…
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Crypto Deposits to Chinese Drug Producers’ Addresses Double in Early 2024 Compared to 2023
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Blockchain intelligence firm TRM Labs revealed that cryptocurrency deposits at cryptocurrency addresses linked to Chinese drug precursor manufacturers more than doubled in the first four months of 2024 compared to the same period in 2023. In 2023, Chinese precursor networks received over $26 million worth of cryptocurrencies, with 97% of…
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Crypto Deposits to Chinese Drug Producers’ Addresses Double in Early 2024 Compared to 2023
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Blockchain intelligence firm TRM Labs revealed that cryptocurrency deposits at cryptocurrency addresses linked to Chinese drug precursor manufacturers more than doubled in the first four months of 2024 compared to the same period in 2023. In 2023, Chinese precursor networks received over $26 million worth of cryptocurrencies, with 97% of…
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Week Ahead in FX (June 10 – 14): Fed and BOJ’s Decision on Tap, U.S. And Chinese Inflation Due
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No need to look for a 6’5 guy in finances with a trust fund and blue eyes because you can make yourself rich with all the potential market catalysts we’re telling you about this week! The Fed and Bank of Japan will drop their policy decisions for June, while Uncle…
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Chinese Police Raids Illegal $1.9B USDT Banking Operation: Report
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Chinese police forces have blown up a major underground banking operation using the popular stablecoin Tether (USDT) to facilitate transfers of up to 13.8 billion yuan ($1.9 billion). according to a report From local media house Weixin The Chengdu Municipal Public Security Bureau arrested 193 suspects in connection with the…
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Chinese Police Raids Illegal $1.9B USDT Banking Operation: Report
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Chinese police forces have blown up a major underground banking operation using the popular stablecoin Tether (USDT) to facilitate transfers of up to 13.8 billion yuan ($1.9 billion). according to a report From local media house Weixin The Chengdu Municipal Public Security Bureau arrested 193 suspects in connection with the…
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Chinese firm PANG buys four new television frequencies
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Chinese-owned Pan Africa Network Group (PANG) has purchased four new television broadcast frequencies from the Communications Authority of Kenya (CA), expanding its television network coverage in the country. Chinese company StarTimes China Africa Digital TV Media Ltd holds a 93.75 percent stake in PANG, while Excel Magic holds a 6.25…
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Asian Stocks Rise on Reports of Chinese Bond Sale: Markets Wrap
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(Bloomberg) — Asian stocks pared earlier losses as reports of a planned long-term Chinese bond sale fueled optimism that the money raised will boost the economy. Most read from Bloomberg Hong Kong’s stock index rose to its highest level since August following the news, while mainland-listed stocks trimmed declines. China’s…
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Joe Biden will double, triple and quadruple tariffs on some Chinese goods, with EV duties jumping to 102.5% from 27.5%
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President Joe Biden will double tariffs on some Chinese goods this week, unveiling the measures at a White House event framed as a defense of American workers, people familiar with the matter said. Biden will raise or add tariffs in key sectors after nearly two years of review. The total…
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Chinese electric vehicle maker Zeekr soars in IPO debut (NYSE:ZK)
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Editorial jozzeppe/iStock via Getty Images Zeekr Intelligent Technology Holding (IPO) opened trading Friday at $26 after the Chinese electric vehicle maker priced its IPO at $21 per share. Male shares (New York Stock Exchange: ZK) zoomed to $29.20 before settlement behind. The initial surge in electric vehicle stocks pushed their…