U.S. grants Huawei another 90 days to buy American
Washington – The United States will extend a reprieve that permits China’s Huawei Technologies to buy components from U.S. companies to supply existing customers, the Commerce Department said on Monday, but it also moved to add more than 40 of … Continue reading U.S. grants Huawei another 90 days to buy American
China, U.S. court ASEAN to strengthen Indo-Pacific ties
Bangkok – China and the United States are on a mission to strengthen ties with allies and expand their influence in Southeast Asia this week as their trade war enters a second year. US Secretary of State Mike Pompeo arrived … Continue reading China, U.S. court ASEAN to strengthen Indo-Pacific ties
U.S., China trade talks show no progress
Shanghai/Washington – U.S. and Chinese negotiators wrapped up a round of trade talks on Wednesday without visible signs of progress and put off their next meeting until September, extending an uneasy truce between the world’s two largest economies for at … Continue reading U.S., China trade talks show no progress
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