To help convert to China in a self-sufficient “technological superpower,” the ruler Communist Party is pushing the world’s largest e-commerce company to take on the complicated and expensive task of designing its own computer integrated circuits – a business unlike anything Alibaba Group has done before. Its three-year-old microchip development unit T-Head introduced its third […]
Tag: China
Six events that will mark 2022
High-risk choices for Joe Biden in U.S, An unprecedented soccer World Cup and an expected resurgence of festivals: these will be some of the events expected for 2022. Winter games under tension in Beijing The world elite of winter sports has an appointment at the Olympic Games in Beijing, from February 4 to 20, for […]
Pyrotechnic imports from China fell 85% for year-end parties
Did you also feel that this Christmas there were fewer explosions for fireworks what other years? According to import figures collected by the Lima Chamber of Commerce (CCL), this situation could be replicated this New Year’s Eve. According to the CCL’s Foreign Trade Research and Development Institute (Idexcam), fireworks imports to Peru reached a total […]
Foreign companies fear new law to import food into China
Bringing wine, chocolate or coffee to China may be even more difficult starting Saturday, with new import rules hampering international companies from placing food and beverages on the world’s largest market. Chinese consumers consumed $ 108 billion of imported products in 2020, a number expected to rise in 2021 given the 30% year-on-year increase in […]
China sees “unprecedented” difficulty in stabilizing trade in 2022
Updated on 12/31/2021 04:41 am China faces a difficulty “unprecedenteds “to stabilize trade next year, as the favorable conditions that boosted export growth this year will not be sustainable, according to a trade ministry official. The rise in exports could slow as rival countries regain their production capacities and the inflation that boosted export values […]
The 3 pillars of Chinese expansion in Latin America in two years of pandemic
With the sale of millions of doses of vaccines, Beijing is giving a boost to its pharmaceutical industry and at the same time, analysts say, deepening its influence in Latin America and the Caribbean. It is what has been labeled as “covid diplomacy”, the sale and donation of masks, respirators, protective equipment and vaccines to […]
Xian Strives to Reduce COVID-19 Cases in Worst Outbreak in China This Year
The Xian Industrial and Technology Center in China reported more than 100 new COVID-19 cases on Thursday, bringing its count of locally transmitted infections to the highest of any Chinese city this year. Xian reported 155 new local cases by December 29, official data showed. That brings its number of local infections to more than […]
Near zero interbank lending due to pressure from China
The cost of some types of short-term interbank lending fell to almost zero last week as China’s monetary policymakers are pushing banks to lend more to give a boost to slowing economic growth. But corporate demand for loans remains weak. The annualized interest rate that Chinese banks paid to borrow from other banks that use […]
Chinese tech moguls lose $ 80 billion in 2021
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It has been a record year for China’s internet moguls, but not in the way that most would have expected. The 10 richest tech moguls in the country lost $ 80 billion in combined net worth in 2021, according to the Bloomberg Billionaires Index, amid crackdown by Chinese regulators. The drop represents nearly a quarter […]
China admits difficulties in supplying food to the confined city of Xian
Updated on 12/29/2021 10:45 am The Chinese authorities admitted that they are having trouble guaranteeing food supplies to residents of Xian, a city that has been confined for a week. Those responsible admitted that “the low number of workers and the logistics and distribution difficulties”Is causing difficulties in delivering basic supplies to the population. The […]