A US ban on investment in certain sensitive technologies in China will have a limited impact since these areas have become less reliant on American funds in recent years, according to Chinese scientists.block US dollars from flowing to Chinese semiconductors and microelectronics
It also claims the countries are exploiting or have the ability to exploit certain US outbound investments, including certain intangible benefits to help companies succeed. The government of US President Joe Biden has announced steps to restrict certain US investments in China. on investments in Chinese electronic design automation software or semiconductor manufacturing equipment; the design, fabrication or packaging of advanced integrated circuits; and the installation or sale of supercomputers.
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New US curbs on tech investments target China, serve notice to American industryChina hawks in Congress think the Biden executive order does not go far enough, but Beijing sees it as confirmation that the US is intent on containing China. Read more at straitstimes.com.
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Chinese healthcare stocks hit by stepped up anti-graft crackdownSHANGHAI : A year-long slump in China's healthcare stocks has accelerated this week as an anti-corruption campaign gathers pace, threatening the sales of some drug makers and medical equipment producers.The CSI Medical Services Index has lost more than 2 per cent this month, taking losses for the year to
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Struggling Chinese graduates return to hometowns as job market sagsBEIJING :A growing number of Chinese graduates are abandoning the bright lights of the country's mega-cities, with state media reporting almost half are returning to their hometowns within six months of graduation amid a sagging job market.Feeling the pinch of rising housing costs and a slowing economy, the j
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