The Biden administration approved more than $23 billion worth of licenses for companies to ship U.S. goods and technology to blacklisted Chinese companies in the first quarter of 2022, a Republican lawmaker said on Tuesday. The data comes amid growing pressure on the administration of Democratic President Joe Biden to further expand a broad crackdown […]
China
The U.S. Commerce Department and other government agencies approved about 69.9% of export license applications involving China in the 2022 budget year, according to written testimony made public ahead of a U.S. House hearing Tuesday. Under Secretary of Commerce for Industry and Security Alan F. Estevez will tell the House Foreign Affairs Committee that the […]
In the past, spies used to rely on pen and paper to communicate their secrets. The risk of physical interception was high, but the evidence could be destroyed by simply burning the paper. With the rise of digital communication, spies have new challenges to navigate. The risk of interception may have been reduced, but data […]
A set of bumper earnings reports from the likes of Baidu Inc and other Chinese internet giants isn’t impressing hedge funds and other investors who have cut exposure to the stocks and seem to be waiting for more good news. For the now, investors remain wary of a market overshadowed by simmering Sino-U.S. tensions over […]
JPMorgan is proposing a new Asia credit index with slashed China weighting in parallel to its existing $85 billion Asia credit index, two sources said, amid growing geopolitical tensions and dimming appetite for Chinese property bonds. For the new index, JPMorgan has suggested the weighting of China be cut to close to 30% compared with […]
Rare discounts offered by Chinese battery giant CATL to automakers have accelerated a plunge in lithium prices, and the market is set to drop a further 25% with supply growth outpacing demand, analysts and traders say. After a frenzied rush by electric vehicle makers to secure raw materials over the past two years, which drove […]
The United States will likely limit the level of advanced semiconductors made by South Korean companies in China, a senior U.S. official said. In October, South Korea’s Samsung Electronics and SK Hynix, the world’s top memory chip makers, received a one-year reprieve from U.S. export restrictions aimed at thwarting Beijing’s technological ambitions and blocking its […]
Nio plans to build its first battery plant in China to produce big cylindrical cells similar to those used by Tesla, two people familiar with the matter said, as the Chinese EV maker seeks to cut its reliance on CATL for supplies. The plant underscores Nio’s ambition to ramp up its presence in the electric […]
China’s Ministry of Science and Technology said on Friday said it saw the potential of ChatGPT-like tech and would be pushing for the integration of artificial intelligence into Chinese society and the economy. “(This technology) has the potential to be applied in many industries and fields,” Chen Jiachang, who heads the ministry’s high-tech department, told […]
The global buzz around Microsoft chatbot ChatGPT has spread to China, shoring up stocks in artificial intelligence (AI) related firms and prompting a flurry of local companies to announce rival projects. Like Microsoft and Google，Chinese tech giants such as Baidu and Alibaba as well as smaller start-ups have been working on AI projects for years. […]