BUSINESS
According to Reuters, as global competition in the semiconductor industry continues to intensify, China's chip sector is accelerating efforts to achieve technological breakthroughs. Analysts say that although Huawei is advancing architectural innovations and packaging technologies, it remains constrained by critical equipment shortages and structural limitations in the global supply chain.
Behind the Timing of Didi Global’s $1.2-billion Fine
News analysis Chinese ride-hailing company Didi Global was hit with a $1.2 billion fine on July 21...
35% of Truckers Say 2022 Will Be ‘Drastically’ Less Profitable Because of Fuel Prices: Survey
Owner-operators of trucking companies are not feeling particularly optimistic in their outlook as to...
3 Evergrande Real Estate Executives Asked to Resign Over Unstable Loans
Evergrande Group, the embattled Chinese real estate giant, has once again become the focus of international...
With Both Small and Large Banks in Trouble, Will China’s Debt Crisis Blow Up?
A banking crisis in China’s Henan Province has seen hundreds of thousands of people unable to access...
A US Railway Strike Is Two Days Away, Unless Biden Intervenes
The United States may face an immediate and severe crisis if a looming strike by railway worker unions...
Crypto Miners, Tesla Drivers, Asked to Power Down Amid Texas Electricity Crisis, Heat Wave
The Texas power authority has asked businesses, which includes some of the largest crypto mining operations...
Alibaba and Tencent Stocks Plunge After Latest Fines
HONG KONG (AP) — Shares of Chinese technology firms Alibaba and Tencent fell sharply on Monday, July...
US Stocks Waver as Earnings Reports for Companies Begin
NEW YORK (AP) — Stocks wavered in morning trading on Wall Street Tuesday, July 12 as traders brace for...
China Experiencing Worst Capital Flight in 7 Years, Manufacturers Also Hit Hard
Reeling from unrelenting COVID lockdowns, travel restrictions and movement curbs, China’s national economy...