Huawei under pressure from Trump
San Francisco – Top U.S. universities are ditching telecom equipment made by Huawei Technologies and other Chinese companies to avoid losing federal funding under a new national security law backed by the Trump administration. U.S. officials allege Chinese telecom manufacturers … Continue reading Huawei under pressure from Trump
BP invests in Chinese electric vehicle charging platform
London – BP (BP.L) said on Thursday it had invested in Chinese start-up PowerShare, which links electric vehicle drivers to charging points and helps power suppliers balance distribution. The PowerShare application, which is used in cities such as Shanghai, will … Continue reading BP invests in Chinese electric vehicle charging platform
Tech hub Shenzhen estimates 7.5-percent GDP growth
Shenzhen – South China’s technological powerhouse Shenzhen estimated Friday that its GDP rose about 7.5 percent year-on-year to surpass 2.4 trillion yuan (354 billion U.S. dollars) in 2018. The city in Guangdong Province sets this year’s GDP growth target at … Continue reading Tech hub Shenzhen estimates 7.5-percent GDP growth
BT receives telecom license in China
London/Beijing – BT Group, formerly British Telecom, has become the first international telecoms company to be granted licenses from the China Ministry of Industry and Information Technology. The nationwide operating license allows a new company, BT China Communications Limited, to … Continue reading BT receives telecom license in China
China’s economy cools in fourth quarter
Beijing – China’s economic growth cooled slightly in the fourth quarter from a year earlier as expected, weighed down by weak investment and faltering consumer confidence as Washington piled on trade pressure, leaving 2018 growth the weakest in 28 years. … Continue reading China’s economy cools in fourth quarter