Chinese Telecom operators are showing significant growth in their 5G business. Reports shared by China Telecom showed that the company gained 37.8 million 5G subscribers by the end of the first half of 2020. However, this number is equal to 11% of its overall mobile customer base, states Telecoms.com. According to the 2020 H1 financial […]
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For millions of people in the U.S. who use the Chinese app WeChat, it’s a lifeline to friends, family, customers and business contacts in China. That lifeline is now under attack by an executive order from President Donald Trump that could ban the app in the U.S. as early as mid-September, potentially severing vital relationships. […]
One of China’s COVID-19 vaccine candidates now in late-stage development, named Ad5-nCoV, just received a patent by the country’s authorities. The vaccine candidate “is safe and induces an immune response,” China Global Television Network (CGTN) said on their Twitter page. The vaccine is a recombinant adenovirus inactivity vaccine co-developed by CanSino, led by Chinese military […]
NEW YORK (AP) — President Donald Trump’s bans on two popular Chinese social media apps — TikTok and WeChat — are the latest moves in an escalating U.S.-China rift, and point to a future where technology and innovation are increasingly walled behind political barriers. In China, the Communist Party has long limited what foreign tech […]
BEIJING (AP) — They have the largest economies in the world. They spend more than anyone else on their militaries. From high-tech chips to control of the high seas, their interests are closely intertwined. The ongoing sharp deterioration in U.S.-China ties poses risks to both countries and the rest of the world. In the latest […]
The Chinese Ministry of Transport recently released data that shows the TEU traffic at the 8 largest ports in China has decreased by 5.4% year on year, between January and June 2020, and the main cause of this decrease is due to the pandemic. In the monthly issue of the NCFI (Ningbo Containerized Freight Index), […]
China reported Coronavirus found on frozen food packages imported from three Ecuadorian plants, sparking fears of transmission through frozen food products. China’s General Administration said that imports from those providers will be halted. The General Administration said that the virus samples were found on the inside of one shipping container, and on the outside surface […]
By JOE McDONALD AP Business Writer BEIJING (AP) — As the coronavirus spread, the world’s richest communist dug into his deep pockets. Jack Ma, founder of e-commerce giant Alibaba Group and a member of the ruling Communist Party, helped to pay for 1,000 ventilators delivered to New York in April. Ma’s foundation also is giving […]
Volkswagen is spending 2 billion euros ($2.2 billion) to expand its presence in China’s electric car industry in the biggest foreign investment announced since the country’s economy began to reopen following the coronavirus pandemic. Volkswagen AG said Friday it will buy control of its electric vehicle venture with a Chinese partner in a 1 billion […]
BEIJING (AP) — China’s commerce ministry says it will take “all necessary measures” in response to new U.S. restrictions on Chinese tech giant Huawei’s ability to use American technology, calling the measures an abuse of state power and a violation of market principles. An unidentified spokesperson quoted Sunday in a statement on the ministry’s website […]