As China sets the stage for its imperial influence on the market, representatives from Washington, and European Union (EU) will gather on Wednesday to address critical geopolitical, economic, and technological difficulties to fortify their alliance against Beijing’s determination of overtaking the digital market. As global forces suffer from a semiconductor shortage, the Trade and Technology […]
China
In a move to fortify national security, the U.S. Federal Communications Commissions (FCC) finalized Monday its latest draft of a $1.9 billion program to endorse domestic and modest telecom carriers at the expense of extracting Huawei and ZTE’s Chinese influence in the American market. As the East and the West indulge in their personal vendettas, […]
The People’s Bank of China doubled down on Friday its crackdown on all cryptocurrency mining and trading activities by instituting its latest regulation prohibiting overseas cryptocurrency exchanges from accommodating to Chinese citizens under threat of criminal penalty, yielding Bitcoin value. China’s perception of decentralized currencies is not a thing of the past. As the first […]
BEIJING (AP) — The ruling Communist Party’s campaign to tighten control over China’s industries and use less foreign technology is slashing economic growth, a foreign business group warned Thursday. The European Union Chamber of Commerce in China appealed to Beijing to reverse course and open state-dominated markets wider. Its report adds to warnings about the […]
Beijing Communications Administration released a data report revealing that by end of August, the Chinese capital obtained 45,700 5G network stations with 12 million users, according to local news agency Xinhua. Beijing fulfilled full 5G network coverage in the city’s key areas, such as the downtown core area, sub-center, and central business district. With every 10,000 […]
Chinese watchdogs backed their regulatory scrutiny on their tech sector as they spoke on Tuesday with Wall Street executives disclosing that regulations are meant to enforce tech companies, not crush them. Fang Xinghai, China’s Securities Regulatory Commission Vice Chairman, told the executives that the government’s latest conduct on tech firms was aimed to enhance their regulations, in addition to bolstering national security and data privacy. […]
In its latest regulatory maneuver, China proceeds to aim its regulatory glaze at its Big Tech giants by demanding to end a long-established practice of prohibiting each other’s connection on their sites, a move that could result in catastrophic consequences on its domestic market and China-based companies’ stakes. Beijing’s move raised the distress level amongst […]
China’s famous chipmaker Semiconductor Manufacturing International Corp. (SMIC) revealed on Friday plans to upsurge independence in the chip manufacturing sector by investing $8.87 billion to build a chip plant in the tech city of Shanghai, according to a regulatory filing with the Hong Kong Stock Exchange (HKSE). The Chinese expansion to globally take the lead […]
China’s regulatory officials revealed at a state council briefing on Tuesday that the upcoming set of regulations concerning the state’s vital information infrastructure will not be steered towards companies drafting foreign IPOs. While the magnitude of imposed regulations increased in the past couple of months, leading to an elevated reflection on China’s tech industry, the […]
Ericsson CEO, Borje Ekholm, expressed deep concerns over the U.S.-China tech war, arguing that the west might get deprived of accessing China’s R&D if global mobile standards are torn between both China’s and the West’s 6G efforts, reaching 5G network’s final stages. Swedish telecoms vendor Ericsson continuously demonstrated its unbiased stance regarding the geopolitical aspect of […]