China Resources

Biden Blacklists China’s Ymtc, Crackdowns on AI Chip Sector

The Biden administration on Thursday added Chinese memory chipmaker YMTC and 21 “major” Chinese players in the artificial intelligence chip sector to a trade blacklist, broadening its crackdown on China’s chip industry. YMTC, long in the crosshairs of the U.S. government, was added to the list over fears it could divert American technology to previously […]

U.S. Solar Installations to Fall 23% This Year Due to China Goods Ban - Report

New U.S. solar installations are on track to fall by nearly a quarter this year, with panel imports stalled by a ban on goods from China’s Xinjiang region over forced labor concerns, according to a market report released on Tuesday. The dour forecast by industry trade group the Solar Energy Industries Association and research firm […]

Saudi Arabia Signs Huawei Deal, Deepening China Ties on Xi Visit

Saudi Arabia and China showcased deepening ties with a series of strategic deals on Thursday during a visit by President Xi Jinping, including one with tech giant Huawei, whose growing foray into the Gulf region has raised U.S. security concerns. King Salman signed a “comprehensive strategic partnership agreement” with Xi, who received a lavish welcome […]