U.S. imports of solar panels are finally picking up after months of gridlock stemming from implementation of a new law banning goods made with forced labor, according to two Chinese solar companies. A White House official confirmed the thaw in shipments at an energy conference on Monday, attributing it to clearer rules around complying with […]
China
U.S. chipmaker Nvidia Corp’s plans to sell technology to China’s Huawei would be thwarted if the U.S. government proceeds with a proposal to further restrict shipments to the blacklisted company, a draft report by a government contractor shows. The Biden administration has been considering limiting the items it authorizes U.S. companies to ship to telecoms […]
China’s science and technology policies should aim to build its strength and self-reliance, while the role of the government in pooling resources for key technological breakthroughs needed to be leveraged better, Premier Li Keqiang said on Sunday. The nation effectively countered external attempts to suppress and contain China’s development over the past five years by […]
China said the U.S. is trying to deprive it of developmental rights and perpetuate its own hegemony, the Chinese foreign ministry said on Monday. Spokesperson Mao Ning made the remarks in response to a question on TikTok being potentially a target in an upcoming U.S. bill banning some foreign technology. Two U.S. senators plan to […]
The Treasury Department is preparing a new program that could prohibit U.S. investment in certain sectors of adversarial nations, the Wall Street Journal reported on Friday citing copies of reports provided to lawmakers on Capitol Hill viewed by the newspaper. The Biden administration’s work on the new rules would in practice largely deal with U.S. […]
Canada’s commodity-heavy main stock index rose on Friday to its highest closing level in more than two weeks as encouraging economic data from major energy importer China allayed fears of a global economic slowdown. Activity in China’s services sector expanded at the fastest pace in six months in February as the removal of tough COVID-19 […]
Two U.S. senators plan to introduce legislation this week aimed at letting the government “ban or prohibit” foreign technology products such as Chinese-owned TikTok, Senator Mark Warner said on Sunday. Warner, the chairman of the Senate Intelligence Committee, said TikTok would be “one of the potentials” for review under the bill. The Democratic senator made […]
U.S. President Joe Biden and German Chancellor Olaf Scholz vowed on Friday to keep imposing costs on Russia for its war in Ukraine, now in its second year, as an EU official said any arms provided by China to Russia would trigger sanctions. Biden and Scholz met in private in the Oval Office for over […]
1. Lithium Price Slide Deepens as China Battery Giant Bets on Cheaper Inputs By now, it is out in the open that the COVID-19 pandemic played a remarkable role in hastening the global reliance on lithium for EV batteries as the world pushes to reduce carbon emissions as it marches on a path towards an […]
The Biden administration on Thursday added 37 companies to a trade blacklist, including units of Chinese genetics company BGI and Chinese cloud computing firm Inspur, in a move that promises to further ratchet up tensions with Beijing. The Commerce Department, which oversees export controls, added BGI Research and BGI Tech Solutions (Hongkong), over allegations that […]