Chinese tech giants including Alibaba, Baidu, and Tencent are testing new computer chips for artificial intelligence (AI) after the U.S. has cut off supplies last month of market-leading chips by U.S. producer Nvidia. The companies have about enough Nvidia processors to last through this year, people familiar told the Financial Times. After that, they will......
Last month, the average price of new homes across 100 Chinese cities edged up 0.3 percent, more than doubling March’s increase of 0.14 percent, according to a new survey by the China Research Academy.
Auto companies around the world face an imminent shortage of the rare earth minerals essential to making everything from anti-lock braking sensors to windshield wiper motors, executives have warned the Trump administration, Reuters reported.
There were quite a lot of what Donald Trump might describe as “bad things” taking place in Washington over the past week, to include the worsening of relations with China shortly after what appeared to be an agreement had been reached over tariffs.
Ports and ocean freight carriers are bracing for a wave of rushed business after Donald Trump temporarily cut China’s tariff rate from 145 percent to 30 percent for 90 days.
In March, China continued reducing its portfolio of U.S. treasury securities, dropping it behind the U.K. as the largest foreign owner of U.S. debt.
China is aggressively asserting its presence in Latin America, hoping to secure political friends and allies—as well as lucrative economic deals and contracts for resource development—in a region the U.S. has long viewed more as trouble than as opportunity.
Asset managers are converting more of their dollar-based assets into investments in Europe, the Financial Times reported.
Huawei, China’s leading maker of computer chips, and two of its affiliated companies are nearing completion of three factories in Huawei’s home city of Shenzhen that will further break the country’s dependence on foreign technologies, the Financial Times was first to report.
The Trump administration has abolished a rule, slated to take effect 15 May, that banned exporting AI chips.