Asset managers are converting more of their dollar-based assets into investments in Europe, the Financial Times reported.
Tag: China
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CHINA TECH GIANT IS BUILDING END-TO-END SUPPLY CHAIN FOR ADVANCED CHIPS
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.
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TRUMP ADMINISTRATION SCRAPS BAN ON EXPORTING AI CHIPS
The Trump administration has abolished a rule, slated to take effect 15 May, that banned exporting AI chips.
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ANOTHER CHINESE BREAKTHROUGH IN EV BATTERIES
CATL, the Chinese company that makes a third of the world’s batteries for electric vehicles (EVs), has announced a collection of breakthroughs that could resolve most of the concerns that keep potential car buyers from switching to electric mobility.
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SPECIAL REPORT: TRUMP’S TARIFFS, THE UPS AND DOWNS, FOR BETTER AND FOR WORSE
The U.S. has temporarily reduced its tariffs on Chinese imports from 145 percent to 30 percent and China has slashed its import fees on U.S. goods from 125 percent to 10 percent.
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TOP TREND 2024, A GOLDEN YEAR FOR GOLD: CHINESE INVESTORS SHELTER IN GOLD FUNDS AMID ECONOMIC CHAOS
Chinese investors poured the equivalent of $7.4 billion into gold-focused exchange-traded funds (ETFs) in April, a record pace as trade with the U.S. began to collapse under Donald Trump’s trade war and the country’s domestic economy continues to face an uncertain future.
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CHINA’S AUTOMAKERS CONTINUE STRONG SALES IN APRIL
Coming off a robust first quarter, China’s “new energy” vehicle makers such as BYD and Xpeng reported strong sales continued through April.
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CHINA ADVANCES SAFER NUCLEAR TECHNOLOGY THE U.S. ABANDONED IN THE 1950s
Chinese scientists have refueled a nuclear reactor without shutting it down, the first time the feat has been achieved.
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CHINA’S PRESIDENT URGES PUSH ON AI AND TOUTS “THE GLOBAL SOUTH”
During a 29 April visit to the city of Shanghai, Chinese president Xi Jinping called for continuing work to establish the country as a leader in artificial intelligence (AI) and emphasized China’s place as a leader of what he called the “Global South.”
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SPOTLIGHT: CHINA’S AUTO INDUSTRY ON THE RISE
Last month, retail auto sales in China leaped up 14.4 percent to 1.94 million vehicles, 40 percent more than in February and marking the greatest increase in any March since 2015, according to the China Passenger Car Association (CPCA).