Tags: China

China Creates $47.5 Billion Chip Fund Amid Semiconductor Battle With Joe Biden

China Creates $47.5 Billion Chip Fund Amid Semiconductor Battle With Joe Biden

China has launched its largest semiconductor investment fund to date to boost its domestic chip industry.


Starbucks Refuses to Discount Drinks as Price War Mounts in China's Booming Coffee Sector

Initially reluctant to engage in price wars in China's competitive coffee market, Starbucks now faces pressure to adapt as local budget-friendly rivals gain traction, prompting a surge in discount coupons.

China’s ‘Big Fund’ Launches 3rd Local Chip Industry Funding Worth $47.5 Billion

China launched the third phase of its ‘Big Fund’ program supporting local semiconductor manufacturers with an estimated value of $47.5 billion.

China Evergrande EV Shares Surge as Liquidators Sell Stake for Major Shareholders

China Evergrande New Energy Vehicle Group's stock price doubled when trading restarted on Monday, May 27.


Latest News

Samsung Plans Using Own Exynos Chips for Galaxy Smartphones as Part of Cost-Cutting Effort
Chinese Premier Li Qiang welcomed Samsung's investment in China before a historic summit involving South Korea and Japan.
ASML, TSMC's 'Kill Swith' Can Disable Chip Machines if China Invades Taiwan
ASML and TSMC, leading chipmakers, have installed a "kill switch" feature to remotely disable advanced chipmaking machines in the event of a Chinese invasion of Taiwan.
Exiled Chinese Billionaire Guo Wengui Faces Fraud Charges for $1 Billion Scam in NYC
Self-exiled Chinese billionaire Miles Guo Wengui faced court over his fraud charges, with prosecutors alleging him of financing his luxurious lifestyle.
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China has recently cracked down on "bad behavior" content, suspending super-wealthy social media influencers to discourage extravagance and materialism.
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The Singapore Food Agency (SFA) recalled two walnut products from China over prohibited sweetener content, urging caution while conducting proactive testing.
Alibaba Says It Considers Selling Convertible Bonds to Raise $5 Billion, Then Its Hong Kong Shares Suddenly Dropped
Hong Kong-listed shares of Alibaba dropped more than 5% on Thursday after news broke that the Chinese e-commerce giant was considering issuing convertible notes to get $5 billion.
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JPMorgan Asia Pacific CEO Sjoerd Leenart says China has a major role in driving the global economy, asserting that doing business in China is important.
South Korea, Japan, China Confirmed to Meet Next Week for First Time Since 2019
South Korea, Japan, and China are set to undergo a trilateral summit in Seoul on May 27, the first time the three nations held such talks in five years.
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The threat of potential retaliatory tariffs from China on luxury cars from the EU and US has intensified amid escalating trade tensions, impacting European automakers like Mercedes-Benz and BMW.
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Chinese scientists at Tianjin University developed a cost-effective aluminum alloy with remarkable strength and heat resistance, revolutionizing aerospace and industrial applications.
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