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China
Chinese Tech Companies Rise on Cautious Wall Street
Stock markets in New York rose slightly on Tuesday after the loss a day earlier. The Chinese technology companies listed on Wall Street were among the strongest risers due to easing concerns about social unrest in China over the strict…
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Loss of Six Million iPhones Due to Unrest in Chinese Factory
The unrest at the large iPhone factory in Zhengzhou, China, threatens to saddle Apple with a production shortfall of about six million iPhones Pro this year.
This is reported by the Bloomberg news agency based on sources close to…
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Reuters: China’s Central Bank Comes to the Rescue of the Real Estate Sector
China's central bank will provide cheap loans to financial firms to buy bonds issued by ailing developers. This is reported by the Reuters news agency based on anonymous insiders. It would be the most extensive support from the Chinese…
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Xiaomi Suffers From Less Demand for Mobile Phones
The Chinese electronics group Xiaomi has seen turnover fall sharply in the third quarter. A worldwide drop in demand for smartphones bothered the company.
Less desire to buy on the home market due to the many corona lockdowns in…
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China Would Like to Fine Ant Group of Jack Ma (Alibaba) of Billion Yuan
The Chinese authorities are preparing to fine the Ant Group of the Chinese billionaire Jack Ma 18.2 billion yuan. That says the Reuters news agency based on several anonymous sources.
The move would also herald the end of…
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Nvidia Comes With Slower AI Chip to Circumvent Export Ban to China
Chip builder Nvidia has proposed a new processor, especially for the Chinese market. The chip is slower than other high-end products from the company to circumvent a United States ban.
Nvidia is one of the companies affected by the rising…
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TikTok: Chinese Employees Can View European Data
TikTok says in its new privacy policy that employees can view user data in several countries, including China. This immediately raises fears that the government could also misuse the data there.
In the new policy, which goes into…
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Sources: US Wants More Cooperation With EU on Sanctions Against China
The United States is in talks with the European Union to also cooperate more in the area of sanctions against China.
For example, the administration of President Joe Biden wants to use the information exchange and enforcement…
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