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Business Maverick: China chip stocks tumble as Biden expands technology curbsChinese semiconductor stocks slumped after fresh US curbs on China’s access to American technology added to a disappointing start to the earnings season, stoking concerns that the industry’s downturn is far from over.
Source: dailymaverick - 🏆 3. / 84 Read more »
War with China 'absolutely' not an option, but bolstering defences: Taiwan - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.War between Taiwan and China is 'absolutely not an option', Taiwan President Tsai Ing-wen said on Monday, as she reiterated her willingness to talk to Beijing and also pledged to boost the island's defences including with precision missiles.
Source: SABCNews - 🏆 37. / 51 Read more »
China to expand high-level opening-up to contribute more to world economy: spokesperson - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.China's opening door will never close, but will open wider to contribute more to the robust, sustainable, balanced and inclusive growth of the world economy, a spokesperson of China's Foreign Ministry said on Sunday in commenting on an official report that China has ranked the first in average contribution to the global economic growth over the past 10 years.
Source: SABCNews - 🏆 37. / 51 Read more »
US tries to hobble China chip industry with new export rules - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The Biden administration published a sweeping set of export controls on Friday, including a measure to cut China off from certain semiconductor chips made anywhere in the world with US equipment, vastly expanding its reach in its bid to slow Beijing's technological and military advances. ...economic sabotage/jealousy...what happened to economic freedom espoused by the 'leader of the free world'!
Source: SABCNews - 🏆 37. / 51 Read more »