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The world's largest contract chipmaker said last week it was unable to fulfil customer demand driven by the surge in AI services
Chinese manufacturers are selling vast quantities of "non-lethal, but militarily useful equipment to Russia", such as drones, body armour and helmets, customs data shows
Officials in Tokyo fear retaliation from China over its move to restrict sales of advanced microchips, so coordination of moves is still being discussed with Washington
Treasury Secretary Janet Yellen and the State Bank of Vietnam Governor announced the agreements in a statement as Yellen wrapped up a visit to Hanoi, amid a push to boost bilateral ties
Over a dozen state agencies said regions would be urged to increase annual car purchase quotas and efforts made to support sales of second-hand vehicles
The world's largest contract chipmaker, which saw Q2 revenue down 13.7% on last year, says the global economic recovery has been weaker than expected
Cybersecurity experts said the government-backed "Labyrinth Chollima” hackers squad was responsible for the digital cash theft attempt
Ambassador Xie Feng told the Aspen Security Forum that China did not want a trade or tech war but would definitely respond if the United States imposes more restrictions on its chip sector
Chinese carmakers' exports of passenger cars to Russia in January-May 2023 rose over five-fold year-on-year to almost $3.6 billion, according to Chinese customs statistics
Total e-CNY transactions hit 950 million but the digital currency only accounted for 0.16% of China's cash in circulation at the end of last month
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With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors
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PaymentsCan China Take Place of SWIFT System? Analysts Say ‘No’There is no global payment system that is strong enough to act as an alternative to SWIFT and enable Russia to evade sanctions
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MarketsChina Becomes World’s Second-Biggest Bitcoin Mining HubThe Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.
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Market InsightsHere’s How China Can Win the Tech War With USAThe Chinese government is doubling down on incentives for innovation, which it believes to be the cornerstone of its future growth and international position.
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Fintech InsightsAsia Becomes the Epicentre of Global NFTsAsia is the frontrunner in the NFTs craze with Central and Southeast Asia accounting for 35% of the $22 billion in global trade
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