USA: Huawei’s research arm cuts jobs
Santa Clara/Hong Kong – China’s Huawei Technologies laid off more than two-thirds of the 850-strong workforce at its Futurewei Technologies research arm in the United States, after being blacklisted by the government. Futurewei, which has offices in Silicon Valley and … Continue reading USA: Huawei’s research arm cuts jobs
U.S.: Consumer Tech Sales To Surpass $400 Billion
Arlington, VA – The growing popularity of streaming services, artificial intelligence (AI)-enabled emerging devices and in-vehicle technology will help drive the U.S. consumer tech industry to a record-breaking $401 billion in retail revenues in 2019 – 2.2% growth year over year … Continue reading U.S.: Consumer Tech Sales To Surpass $400 Billion
China: Xi urges Trump to ease North Korea sanctions
Beijing/Washington – Chinese President Xi Jinping urged U.S. President Donald Trump last month to show flexibility in dealings with North Korea and ease sanctions on the country “in due course,” China’s Foreign Ministry said on Friday. A senior U.S. official … Continue reading China: Xi urges Trump to ease North Korea sanctions
Trade war wake-up call for Chinese companies
Dalian – China’s economy is faring relatively well despite the difficulties brought by the China-US trade war, executives and experts said at the ongoing Summer Davos 2019 in Dalian, Northeast China’s Liaoning Province on Monday. One outcome of the trade war could … Continue reading Trade war wake-up call for Chinese companies
Business leaders warn on cost of Huawei ban
Washington/Beijing – The head of the US-China Business Council, whose members include major US chipmakers that are suppliers to Huawei Technologies Co Ltd, said that the ban on the Chinese telecom giant would come at a cost to US businesses, … Continue reading Business leaders warn on cost of Huawei ban
Counting the Global Cost of the U.S.-China Trade War
Washington/Beijing – The U.S.-China trade war has entered a dangerous new phase. Tariffs are up and there’s the threat of more to come. A quick fix is still possible, with Presidents Donald Trump and Xi Jinping set to meet at the G-20 … Continue reading Counting the Global Cost of the U.S.-China Trade War
IMF warns of trade dispute disruptions
Beijing – Escalating disputes between China and the United States could significantly weaken sentiment in business and financial markets, disrupt global supply chains and create an economic drag this year, the International Monetary Fund warned on Friday. The IMF research, … Continue reading IMF warns of trade dispute disruptions
U.S. trade war: China plans tit-for-tat response
Hong Kong – China is exhibiting some worrying trade war restraint. A popular nationalist tabloid suggested this week that Beijing could retaliate against Washington using the country’s grip on rare-earth supplies, U.S. debt or American business on the mainland. A … Continue reading U.S. trade war: China plans tit-for-tat response
Foxconn’s Gou wants to be peacemaker
Taipei – The chairman of Apple supplier Foxconn said on Monday he wanted Beijing to recognize the existence of Taiwan, as he outlined his plans to be the peacemaker between China, the United States and the self-ruled island Beijing sees … Continue reading Foxconn’s Gou wants to be peacemaker
USA: Iran oil waiver has no impact on China trade talks
Washington – U.S. Secretary of State Mike Pompeo says Washington’s decision to end Iran oil waivers to China will not have a negative impact on the latest trade talks between the world’s two leading economies. “We have had lots of … Continue reading USA: Iran oil waiver has no impact on China trade talks