Category: Chinese
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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…
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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…
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22% of new cars sold in Israel are Chinese
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Relations between Israel and China have deteriorated in recent months. China’s state media has adopted an unsympathetic tone toward Israel, and Chinese government spokesmen are strongly critical of Israel’s actions. There is a worrying security rapprochement between China and Iran, which was reflected in the meeting between the defense ministers…
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Hong Kong’s Bitcoin ETFs May Open To Mainland Chinese
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Richard Byworth, managing partner at SyzCapital, has sparked rumors suggesting that Hong Kong-listed Bitcoin ETFs may soon be available to investors from mainland China. Byworth’s remarks to X, formerly known as Twitter, highlight ongoing discussions about the possibility of integrating these ETFs into the Stock Connect system. This integration could…
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Chinese President Xi Jinping begins charm offensive in Europe amid growing uncertainty about future U.S. support for allies
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Chinese President Xi Jinping has embarked on a three-country trip Trip to Europe Sunday with the continent divided over how to deal with Beijing’s growing power and the rivalry between the United States and China. European automakers are losing ground Supported Chinese electric cars. Diplomats are worried Alleged Chinese spies…