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China
Huawei Loses Fight Against Exclusion in Sweden
In Sweden, Chinese tech company Huawei has also failed to overturn its ban from providing 5G infrastructure on appeal.
The United States has accused the Chinese company of spying for the Chinese government for years. The company…
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Iron Ore Prices Rise Further on Optimism About Chinese Demand
The price of iron ore rose further on Monday after last week's strong rally. The further easing of the corona measures in China continued to provide optimism about a pick-up in economic activity and demand for steel in China.
…
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Beijing Denounces US Secretary of State’s China Speech
The Chinese Ministry of Foreign Affairs has criticized the China speech by US Secretary of State Antony Blinken. He is accused by a spokesperson of, among other things, spreading false information and defamation about Beijing's policies.…
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Lenovo Computer Maker Extends Lead Over Rival HP
Chinese computer maker Lenovo has increased its lead over its American competitor HP in the PC market. In the first quarter of this year, the group had a worldwide market share of 22.7 percent.
At the same time, HP saw its market…
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Biden Willing To Use Force To Defend Taiwan
US President Joe Biden says the United States is willing to use force to defend Taiwan against China. He calls that a promise that the country has imposed on itself.
Biden's spokesman toned down his words shortly after the…
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Chinese Tech Companies Help Hong Kong Stock Exchange to Solid Profit
The Hong Kong stock exchange posted a solid gain on Tuesday, led by Chinese technology companies. Hopes that the Chinese government will take less strict action against the big tech companies were further fueled after a meeting between the…
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China Waives Asian Cup Due to Corona
The Asian national team football championship will not be held in China next year. The Asian Football Association AFC had to look for a new location for the four-yearly tournament after the Chinese association returned to the organization…
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Starbucks is Lowering Sales in China Due to Lockdowns
American coffee chain Starbucks has seen sales in China fall in the past quarter due to the corona lockdowns in the country. However, despite declining sales in China, the group recorded record sales due to strong sales and price increases…
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