Nvidia CEO Makes China Tour
Co-founder of Nvidia Corp. Jensen Huang went on his first trip to China in four years.
China - page 19
China Actively Buys Chip Gear to Beat US Curbs
In 2023, there was a significant increase in the volume of imports of equipment necessary for the production of microcircuits to China.
Moody’s Negatively Characterizes Asia’s Sovereign Creditworthiness
Moody’s Investors Service has made a negative outlook on the sovereign creditworthiness of the Asia-Pacific region, citing factors such as the slowdown in China’s economic growth, risks associated with the current state of affairs in the sphere of geopolitics, and tight funding as the reasons for this point of view.
Chinese Prime Minister Reports on Economic Growth
Chinese Premier Li Qiang on Tuesday, January 16, during a speech at the annual meeting of the World Economic Forum in Davos, Switzerland, said that the growth of the Asian country’s economy over the past year amounted to approximately 5.2%.
Apple Offers iPhone 15 Discount in China
For the first time in many years, Apple is offering discounts on the purchase of new iPhone smartphones in the Chinese market.
China’s Annual Exports Demonstrate Decline
China’s exports in 2023 showed a negative dynamic of the decline.
China Orders Banks to Review Cyber and Data Security
In China, local authorities have appealed to banks and insurance companies with a strong recommendation to inspect security systems, focusing in this case on issues such as data protection and anti-cybercrime tools.
Nvidia Reportedly to Launch AI Chip for China in Q2 2024
The American chip manufacturer Nvidia intends to launch mass production of microcircuits with artificial intelligence for the Chinese market, developed following the current export rules of the United States, in the second quarter of this year.
Jefferies Analysts Warn About Significant iPhone Sales Fall in China
Analysts at Jefferies Independent Investment Bank, led by Edison Lee, believe that the decline in sales of iPhone smartphones in the Chinese market will show a strengthening trend in the foreseeable future.
Ant Group Reportedly Plans to Purchase MultiSafepay
The media reports that the Chinese Ant Group is currently preparing to implement its intention to acquire the Dutch payment company MultiSafepay.
Chinese Shadow Bank Zhongzhi Files for Bankruptcy
The Chinese shadow banking giant Zhongzhi Enterprise Group Co. has filed for bankruptcy.
China’s Factory Activity Picks Up
A private gauge of factory activity in China showed an increase in December.
China Injects $50 Billion Into Some Banks
Last month, the People’s Bank of China injected almost $50 billion into policy-oriented lenders.
ASML Suspends Some China Exports
The Dutch company ASML, which specializes in the manufacture of equipment for the production of chips, announced an order received from the Netherlands government to stop supplying some of its products to China.
China’s Richest Provinces to Take Lead in Driving Economic Growth
In China, local officials have released information on their priorities for next year, which includes, among other things, promises from some of the country’s most financially secure provinces to become a driving force in stimulating the growth of the state’s economy.
Huawei Sales Approach $100 Billion in Year
In 2023, Huawei Technologies Co.’s preliminary total revenue showed growth of 9% year-on-year.
