China: Historic breakthrough for CPU developer
Loongson Technology, a leading Chinese chip company based in Beijing, unveiled on Thursday its first fully self-developed CPU (central processing unit) architecture that uses an original instruction set, which has been hailed as a “historic breakthrough” by industry insiders. The … Continue reading China: Historic breakthrough for CPU developer
Sinovac to reach two billion vaccine doses annually
BEIJING – China’s Sinovac Biotech conformed its third production plant for its COVID-19 vaccine was ready and had started manufacturing procedures for bulk vaccine ingredient, doubling its annual capacity to 2 billion doses. A Sinovac spokesman said the third facility, … Continue reading Sinovac to reach two billion vaccine doses annually
Chinese celebs avoid buying western fashion brands
BEIJING – China’s top ride-hailing app dropped Swedish fashion retailer H&M from its listings as Chinese celebrities stopped endorsing foreign labels in a growing uproar over Western accusations of forced labour in Xinjiang. H&M faced a public backlash in China … Continue reading Chinese celebs avoid buying western fashion brands
Blacklisted Chinese firms plan lawsuits
BEIJING – Chinese companies targeted by a sweeping investment ban imposed by former President Donald Trump are considering suing the U.S. government after a federal judge suspended a similar blacklisting for Beijing-based smartphone maker Xiaomi. Lawyers familiar with the matter … Continue reading Blacklisted Chinese firms plan lawsuits
Baidu Plans to Raise Capital in Hong Kong
BEIJING/HONG KONG – Baidu, Chinese search engine and AI giant, is planning to raise at least HK$28 billion ($3.6 billion) by selling 95 million shares in a secondary listing on the Hong Kong stock exchange, the latest US-traded Chinese tech … Continue reading Baidu Plans to Raise Capital in Hong Kong
China sets growth target of more than 6 percent
SHANGHAI – China set an economic growth target of more than 6% this year, but warned of uncertainties over the global recovery from the COVID-19 pandemic as it set out a plan to achieve its long-term goal of becoming a … Continue reading China sets growth target of more than 6 percent
Low Mekong water levels of concern
Bangkok/Vientiane – The Mekong River has fallen to a “worrying level”, in part due to outflow restrictions from Chinese hydropower dams upstream, the Mekong River Commission (MRC) said on Friday, calling on Beijing to share all of its water data. … Continue reading Low Mekong water levels of concern
Chinese New Year: Food Packages for the family
SHANGHAI – Chinese unable to re-unite with loved ones this Lunar New Year are sending them a taste of home instead, using food packages to bridge the distance, as coronavirus warnings in some regions put a stop to the usual … Continue reading Chinese New Year: Food Packages for the family
China: Canadian tourists temporarily bared from entry
BEIJING – China has temporarily banned entry of foreign nationals traveling from Canada, even if they hold valid Chinese residence permits for work, the Chinese consulate in Toronto said. “All foreign nationals who hold valid Chinese residence permits for work, … Continue reading China: Canadian tourists temporarily bared from entry
U.S. ban on China firms could affect bonds
LONDON – U.S. curbs on investors owning securities from a number of Chinese companies could affect as much as $60 billion worth of bonds and spark hefty outflows through forced selling, JPMorgan wrote in a note to clients. Donald Trump’s … Continue reading U.S. ban on China firms could affect bonds