Still, for many Chinese firms that do venture out, or wish to, concerns linger over profitability, policy uncertainties and safety – as well as vast differences in the work cultures.“It was very tough to convince or to try to explain to Chinese companies from mainland...
Under Secretary of Commerce for Industry and Security Alan Estevez was questioned about the 7-nanometre processor that SMIC made for Huawei during testimony before lawmakers Thursday. When asked by Foreign Affairs Committee Chairman Michael McCaul whether SMIC violated US controls, Estevez said “potentially, yes”.“We’ll assume...
The balance of payments equilibrium suggests that the current account surplus will be close to zero and the overall trade balance will probably show a shrinking surplus. China is still likely to witness large net exports in certain industries, but this will be counterbalanced by...
This is not surprising, given Trump’s threat to revoke “most favoured nation” trade status for China and impose a flat 60 per cent tariff on all Chinese imports. According to Bloomberg, that would slash the proportion of US imports coming from China – the...
A gauge of the cost to hedge the Chinese currency which covers the November 5 vote has climbed to the highest since 2017 relative to comparable periods. That is the spread between nine-month implied volatility on the offshore yuan and its six-month counterpart.“Jitters about...
Nvidia Corp CEO Jensen Huang’s first trip to mainland China in four years has been a goodwill gesture to the chip designer’s staff and clients in the country, which remains a key market despite tough US restrictions, analysts say.While Nvidia did not release details of...