China Fines PwC for Its Role in Evergrande Collapse
In China, local regulators imposed a six-month business suspension and a record fine of 441 million yuan ($62 million) on PwC’s auditing unit in the mainland of this Asian country.
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S&P Global Ratings Economist Says About China’s Ability to Deal With Property Crisis
Paul Gruenwald, global chief economist at S&P Global Ratings, says that the current state of affairs in the Chinese real estate market is the biggest factor of risk in reducing the economic growth target of this Asian country and notes that Beijing does not seem to be going to make any significant changes to overcome […]
Huawei Unveils Mate XT Tri-Fold Handset
Huawei Technologies on Tuesday, September 10, presented the world’s first commercial tri-fold smartphone called Mate XT.
China Faces Growth of Deflation Risk
In China, core inflation has fallen to a level that is the lowest in more than three years, amid which calls have begun to spread for increased efforts to boost household spending.
Washington Releases New Chip-Related Export Controls
The administration of the President of the United States Joe Biden is presenting a draft of new export control measures for the supply of critical technologies.
PDD Holdings Reportedly Accumulates $38 Billion Cash Stockpile
The media reports that PDD Holdings, which ownership structure includes Temu, a company operating in the e-commerce area, is currently sitting at $38 billion in cash.
China Warns Japan of Consequences for Possible New Chip Restrictions
China has stated to Japan that it is ready to take restrictive retaliatory measures if Tokyo continues to reduce the scope of sales and service of equipment necessary for the production of chips.
Realme Plans 100 Million AI Handset Shipments in Coming Years
In China, the local smartphone manufacturer Realme intends to ship 100 million artificial intelligence devices over the next three years.
Where Are Contactless Payments Heading?
We all remember 2020 when the pandemic threat made contactless the new black. The fewer objects you touch, the less risk of infection. The payments industry was one of the most impacted sectors since cash was listed among the main virus transmitters. However, the world has rebounded from the Covid narratives and most economic sectors […]
DBS Leverages PBOC’s Carbon Emission Reduction Facility to Issue RMB 500M Green Loan
The green loan provided by DBS will help Envision Energy develop a 100-megawatt wind turbine farm in the Henan province in northeastern China.
China’s Economy Fails to Rebound
In the current quarter, the downturn continues in the space of China’s economic system.
Huawei Reportedly Readies New AI Chip to Challenge Nvidia in China
The media reports that Chinese technology giant Huawei is currently approaching the introduction of its new artificial intelligence chip.
China’s Consumer Prices Demonstrate Growth
In July, China recorded an increase in consumer prices, the pace of which turned out to be higher than preliminary expectations regarding the degree of intensity of this indicator.
Ant Group Invests in AI Startup Mita
Ant Group led a funding round for the startup Mita Network Technology, which operates in the space of the artificial intelligence industry and specializes in the development of search engines and digital tools for writing texts.
Chinese Chipmaker SMIC Reports Q2 Earnings
Semiconductor Manufacturing International Corp (SMIC) on Thursday, August 8, released information on the financial results of its activities in the second quarter of the current year.
China Reports Exports and Imports Data
In July, China recorded an increase in imports, which exceeded preliminary expectations for the dynamic of this indicator, while the pace of export activity turned out to be less optimistic compared to forecasts.
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