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☆ 'The worst is over': Tech investors are bullish on investing in China again
▼ + stars: | 2023-02-07 | by ( Sheila Chiang | ) www.cnbc.com time to read: +5 min

Liu Ranyang | China News Service | Getty ImagesTech investors say the worst is over as China reopens and exits its zero-Covid policy. The firm raised nearly $500 million for a new China tech fund set to close by early this year — more than earlier plans for $400 million. Tech companies see government supportInvestors are not worried of new challenges on the regulatory front. Gobi's Tang said, "I do think that they're going to do everything they can to try to spur the economic growth. "There's still a lot to catch up [in semiconductor tech] for China.

☆ New China Rule Threatens to Disrupt U.S. Solar Ambitions
▼ + stars: | 2023-01-31 | by ( Sha Hua | Phred Dvorak | ) www.wsj.com time to read: 1 min

SINGAPORE—A plan by China to restrict exports of key solar manufacturing technology could delay attempts to build up a domestic solar supply chain in the U.S., industry experts say. China’s Ministry of Commerce and Ministry of Science and Technology are considering adding advanced technology used in the production of ingots and wafers, some of the building blocks of solar panels, to a list of technologies that are subject to export controls.

☆ Japan's chip equipment makers in the dark about new China export restrictions
▼ + stars: | 2023-01-30 | by ( ) www.reuters.com time to read: +3 min

TOKYO, Jan 30 (Reuters) - Japanese makers of semiconductor manufacturing machinery and materials used to make chips said on Monday they had yet to hear from Japan's government about export restrictions that could directly or indirectly affect their business in China. Without knowing the details of any new restrictions it is impossible to know their impact, he said. Its statement followed a Bloomberg report that the United States had secured a deal with the Netherlands and Japan. Among them was Tokyo Electron Ltd (8035.T), Japan's biggest semiconductor manufacturing machinery maker. Shares of Japanese semiconductor equipment makers were mostly flat on Monday, with Tokyo Electron up 0.68% while Advantest Corp (6857.T) fell 0.32%.

☆ German finance minister warns against quick decoupling from China
▼ + stars: | 2023-01-22 | by ( ) www.reuters.com time to read: +1 min

BERLIN, Jan 22 (Reuters) - Germany must reduce its dependence on China gradually as decoupling from the Chinese market would costs jobs in Europe's biggest economy, Finance Minister Christian Lindner was quoted as saying on Sunday. "Decoupling our economy from the Chinese market would not be in the interest of jobs in Germany," Lindner was quoted as saying by the Welt am Sonntag newspaper. He said that gradually other world regions and markets would have to become more important for German business over the coming years and decades, Welt reported. "The political conditions must be improved for this," Lindner said. Reporting by Riham Alkousaa, editing by Emma-Victoria FarrOur Standards: The Thomson Reuters Trust Principles.

☆ With new China travel restriction in place, Asian Americans urge nuanced caution
▼ + stars: | 2023-01-09 | by ( Kimmy Yam | Kimmy Yam Is A Reporter For Nbc Asian America. | ) www.nbcnews.com time to read: +5 min

Following the Biden administration’s implementation of a new Covid-19-related travel requirement for passengers flying in from China, Asian American advocates and experts are urging caution and nuance amid years of heightened anti-Asian violence. Several Asian American organizations and leaders have expressed concern over the requirement of a pre-departure negative Covid test from those flying in from the country. “What I would ask everyone to do is, again, be careful not to conflate the virus with an ethnicity or a group of people,” said John C. Yang, president and executive director of Asian Americans Advancing Justice | AAJC. But some groups like Stop AAPI Hate, a nonprofit that tracks incidents of hate and discrimination against Asian Americans and Pacific Islanders, strongly opposed the policy. The group pointed to previous travel restrictions under the Trump administration in January 2020 that coincided with a rise in hate incidents against the racial group.

☆ Germany's new China strategy 'guided by ideology', ambassador says
▼ + stars: | 2023-01-08 | by ( ) www.reuters.com time to read: +2 min

FRANKFURT, Jan 8 (Reuters) - Plans for a tougher China strategy by Germany are "guided by ideology" and reflect a Cold War mentality that could put cooperation between the world's second- and fourth-largest economies at risk, China's ambassador to Berlin was quoted saying. "The paper gives the impression that it is guided primarily by ideology. It is not based on the common interests of Germany and China." Germany is working on a new strategy taking a more sober look at its relations with China and aiming to reduce its dependence on Asia's economic superpower. To me, this smells suspiciously of a Cold War mentality," Ken said.

[1/2] People line up at a makeshift fever clinic set up inside a stadium, amid the coronavirus disease (COVID-19) outbreak in Beijing, China December 19, 2022. "We stand ready to help any country in the world with vaccines, treatments, anything else that we can be helpful with," he said. "We want China to get COVID right," Blinken said earlier this month. “China faces a very challenging system in reopening,” Powell said, adding that its manufacturing, exporting and supply chain remain critical. Officials set up health centers and apps that told people with symptoms how to avoid infecting others, he said.

☆ China's CATL to provide EV batteries for Honda starting in 2024
▼ + stars: | 2022-12-08 | by ( ) www.reuters.com time to read: +1 min

[1/2] People walk past the R&D centre of Contemporary Amperex Technology Ltd (CATL) in Ningde, Fujian province, China, December 16, 2016. REUTERS/Jake Spring/File PhotoTOKYO, Dec 8 (Reuters) - Honda Motor Co (7267.T) said on Thursday that Chinese battery giant CATL (300750.SZ) would supply batteries for seven years for its electric vehicles (EV) in China. The Japanese automaker said the Chinese firm would provide 123 GWh worth of batteries starting in 2024 through 2030 for the Honda's e:N Series. Honda said at that time it would launch its first EV with a CATL battery in China in 2022 and would expand the partnership with stable EV battery supply globally in the future. It unveiled the second model of its new China-only EV lineup in November as part of its effort to roll out the e:N Series.

☆ Germany must trade with China warily, economy minister says
▼ + stars: | 2022-11-23 | by ( ) www.reuters.com time to read: +2 min

BERLIN, Nov 23 (Reuters) - No one is suggesting Germany should stop trading with China, but Beijing's investments in critical sectors must be examined closely, German Economy Minister Robert Habeck said on Wednesday. "Nothing speaks against continuing to maintain economic relations with China," Habeck said at a conference organised by the Sueddeutsche Zeitung newspaper in Berlin. "That means in the critical sectors of our economy, we have to judge and prohibit the strategic influence of critical investments," Habeck said. Germany is seeking to reduce its dependence on Beijing and is developing a new China strategy, but it could be a tricky task with deep trade ties between Europe's and Asia's biggest economies. From a European point of view, the Act is a violation of the World Trade Organization's rules that cannot be accepted in the long term, the minister said.

☆ China's Fosun to raise $561 million from mining sale stake as part of asset selldown
▼ + stars: | 2022-11-06 | by ( ) www.reuters.com time to read: +1 min

Nov 7 (Reuters) - China's Fosun International Ltd (0656.HK) said on Monday it would raise $561 million by selling part of its shares in Zhaojin Mining Industry Co (1818.HK) as part of its ongoing string of asset sell-downs. The company, through one of its units, is offloading 654.1 million Zhaojin Mining shares for HK$6.72 each, a 1.8% discount from the closing price on Nov. 4. Fosun had owned about 22.85% of Zhaojin Mining's shares and will retain a 2.85% stake in the Hong Kong listed company. The transaction announced on Monday is the second time Fosun has sold Zhaojin stock and has raised $663.73 million from both deals. Fosun, controlled by billionaire entrepreneur Guo Guangchang, was once one of China's most aggressive dealmakers overseas, buying high-profile assets including resort brand Club Med.

☆ Japan's Honda launches new EV model in China
▼ + stars: | 2022-11-05 | by ( ) www.reuters.com time to read: +1 min

TOKYO, Nov 5 (Reuters) - Japan's Honda Motor Co (7267.T) unveiled the second model of its new China-only electric vehicle (EV) lineup on Saturday, targeting the fast-growing, battery-driven car segment in the world's largest auto market. It began selling the first model in China in April. "Honda is transforming itself into an electric brand in China with a series of unique and diverse electric mobility products that only Honda can offer," said Honda CEO Toshihiro Mibe in a statement. Honda laid out a target to roll out 30 EV models globally and produce some 2 million EVs a year by 2030 earlier this year. Last year, it said it would introduce only electrified vehicle models in China after 2030, including battery electric, hydrogen fuel-cell or petrol-electric automobiles.

☆ Honda launches new EV model in China
▼ + stars: | 2022-11-05 | by ( ) www.reuters.com time to read: +1 min

☆ China's alarming decline could tank the stock market, take down the global economy, and spark a dangerous showdown with the US
▼ + stars: | 2022-10-30 | by ( Linette Lopez | ) www.businessinsider.com time to read: +14 min

In the Western capitals and boardrooms, it appears the horror of Beijing's transformation has finally settled in, and the lure of China's economic future is fading. Economic dangerIf you want a clue to just how far China's economy has fallen, look no further than Beijing's attempts to hide information about the country's growth. Beyond the short-term signs of trouble, there are more enduring signs pointing to China's economic distress. That's a big if, and even if Beijing is successful, the slow-moving blob of debt will choke off economic growth for years to come. Xi has tightened his grip on China's economy and government from education to public health.

☆ Venture capitalists are betting on a part of China’s chip industry safe from U.S. bans
▼ + stars: | 2022-10-28 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

The U.S. this month imposed new restrictions to maintain a lead over China in advanced chip technology. That gap leaves a large market opportunity far more insulated from U.S. restrictions — and one that Chinese startups can tap, some venture capitalists said. He claimed WestSummit-backed GigaDevice Semiconductor is one of the Chinese companies well-positioned to capture the mature market. "However, chip-making is a mature technology that has been developed many years. Looming risksDespite the large market opportunity, early-stage investment in Chinese chip startups still face risks from potential lawsuits and the complexity of the technology itself, Vertex's Tay said.

BEIJING/HONG KONG, Oct 25 (Reuters) - Global credit rating agency Moody's downgraded Fosun International Ltd (0656.HK) by one notch on Tuesday and revised its outlook to "negative" from "ratings under review" amid concerns over the firm's accelerated asset sales. Fosun and its units had earlier cut stakes in firms such as New China Life Insurance (601336.SS) and Shanghai Yuyuan Tourist Mart Group (600655.SS). Fosun, controlled by billionaire entrepreneur Guo Guangchang, was once one of China's most aggressive dealmakers overseas, buying high-profile assets including resort brand Club Med. Fosun's cash on hand at the holding company level is insufficient to cover its short-term debt maturing over the next 12 months, Moody's added. Fosun also expects to gradually repay the outstanding senior notes and increase borrowings from banks, the report said.

BEIJING/HONG KONG, Oct 25 (Reuters) - Global rating agency Moody's downgraded Fosun International Limited (0656.HK) by one notch on Tuesday and revised its outlook to 'negative' from 'ratings under review', after the firm divested more assets to ease liquidity and debt burdens. "Moody's expects Fosun to face difficulties in refinancing its sizable short-term debt in public bond markets, both onshore and offshore, given the current weak market sentiment," the rating agency said. Fosun's cash on hand at the holding company level is insufficient to cover its short-term debt maturing over the next 12 months, Moody's said. Fosun's management also plans to gradually repay the outstanding senior notes and increase borrowings from banks, the report said. The company did not make any comments on the Bloomberg story or the Citigroup report in response to queries from Reuters.

☆ Temasek-backed Vertex set to raise nearly $500 mln for new China-focused fund
▼ + stars: | 2022-10-18 | by ( ) www.reuters.com time to read: +2 min

BEIJING/HONG KONG, Oct 18 (Reuters) - Venture capital firm Vertex Ventures, backed by Singapore state investor Temasek, is set to raise nearly $500 million for a new fund that will invest in efforts to step up China's domestic tech development, a senior executive said. The new fund's size will exceed an initial target of $400 million, compare with an earlier, similar fund that raised $275 million, said Tay Choon Chong, managing partner at Vertex Ventures China. Register now for FREE unlimited access to Reuters.com Register"China is pivoting from relying on imported technologies to its own tech know-how," Tay said. The latest Vertex fund comes amid a slowdown this year in U.S. dollar-denominated fundraising by China-focused venture capital and private equity firms. While looking for investment opportunities involving companies developing advanced technologies, Vertex will also look for firms that have potential in reducing Beijing's reliance on foreign suppliers, Tay said.

German and Chinese national flags fly in Tiananmen Square ahead of the visit of German Chancellor Angela Merkel in Beijing, China, May 23, 2018. German investment and trade in China hit record levels in the first half of 2022 and big business says there's no question of pulling back from the world's second-biggest economy. A spokesperson for the economy ministry said it was closely following the investment behaviour of German companies as part of its strategic considerations on how to deal with China. The economy ministry declined to comment when asked about a meeting next year, or the remarks about Habeck. Reuters reported last month that the economy ministry was considering curbing export and investment guarantees as part of its new China strategy.

☆ White House scrambles to contain fallout from new China chip export rules: Report
▼ + stars: | 2022-10-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhite House scrambles to contain fallout from new China chip export rules: ReportThe Biden administration is reportedly struggling to tackle unintended consequences of its new China semiconductor export controls. CNBC's 'Squawk Box' team reports.

☆ Applied Materials cuts quarterly revenue estimate on new China export curbs
▼ + stars: | 2022-10-12 | by ( ) www.reuters.com time to read: +1 min

Oct 12 (Reuters) - Semiconductor manufacturing equipment maker Applied Materials Inc (AMAT.O) said on Wednesday new export curbs related to China's chip industry may result in a revenue hit of over $1 billion in the fourth and first quarters. Under the new regulations, U.S. companies must cease supplying Chinese chipmakers with equipment that can produce relatively advanced chips unless they first obtain a license. Applied Materials now expects fourth-quarter net sales to be about $6.4 billion, plus or minus $250 million, compared with prior outlook of $6.65 billion, plus or minus $400 million. The company also expects the new regulations to impact net sales in the first quarter of fiscal 2023 similar to the current quarter. Register now for FREE unlimited access to Reuters.com RegisterReporting by Arunima Kumar in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

☆ Applied Materials cuts quarterly revenue, profit estimates on new China export curbs
▼ + stars: | 2022-10-12 | by ( ) www.reuters.com time to read: +1 min

Oct 12 (Reuters) - Applied Materials Inc (AMAT.O) said on Wednesday export curbs related to China's chip industry would result in a net sales hit of $250 million-$550 million in the quarter ending Oct. 30, with a similar impact expected in the following three months. Register now for FREE unlimited access to Reuters.com RegisterApplied Materials said the regulations would reduce its fourth-quarter net sales by about $400 million, plus or minus $150 million. Adjusted profit is expected to be $1.54 to $1.78 per share, down from an earlier forecast of $1.82 to $2.18. "Applied is pursuing additional export licenses and authorizations where needed," the company said in a statement. Register now for FREE unlimited access to Reuters.com RegisterReporting by Arunima Kumar and Yuvraj Malik in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

☆ Stacy Rasgon: Memory caps and supercomputer companies will face headwinds from China restrictions
▼ + stars: | 2022-10-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStacy Rasgon: Memory caps and supercomputer companies will face headwinds from China restrictionsStacy Rasgon, Bernstein Research senior chip analyst, joins 'Closing Bell' to discuss chip stocks falling after new China restrictions.

☆ New China ETFs test investor appetite amid Sino-U.S. tech war, market rout
▼ + stars: | 2022-09-23 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Aly SongSHANGHAI, Sept 23 (Reuters) - Five Chinese tech-focused ETFs launched on Friday, testing investor appetite for chipmakers, new materials producers and machine tool manufacturers amid an escalating Sino-U.S. tech war, and a global rout in tech shares. Two of the ETFs will invest money into the stocks of the 50 biggest chipmakers listed on Shanghai's STAR Market, including Semiconductor Manufacturing International Corporation (SMIC) (0981.HK) and Montage Technology Co (688008.SS). read moreIt also comes amid heightened geopolitical tensions and tech rivalries between China and the United States. The Biden administration took fresh steps in recent weeks to support domestic tech sectors and cut economic reliance on China, sending shares in Chinese biotech and new energy lower. Shanghai's tech-focused STAR Market - which Beijing hopes will fund China's tech self-sufficiency - has tumbled roughly 30% this year.

☆ Explozie spectaculoasă a unui pod din China (VIDEO)
▼ + stars: | 2020-12-29 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: 1 min

Printr-o explozie controlată, a fost distrus un pod nefuncţional din provincia chineză Hunan. New China TV a difuzat momentul exploziei pe Twitter. Construcția, cu o lungime de 250 de metri și o lăţime de 10 metri, a fost evaluată ca una nesigură din cauza numeroaselor reparații. Ca urmare a exploziei, bucăți din pod au fost aruncate la zeci de metri distanţă, iar mijlocul acestuia s-a scufundat în întregime în apă. Un nou pod peste râu a fost construit în apropiere şi deja este dat în exploatare.

Organizations: New Locations: chineză Hunan, New China

Search resuls for: "New China"

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