Investment strategy: Not a time to play the hero David Woo voices skepticism about the smooth passage of the debt ceiling deal and ponders the motivations behind Kevin McCarthy’s actions. He discusses the performance of GPM’s portfolio trades and a bullish outlook on gold due to the debt ceiling situation. Ukraine: What next and to […]

The post Don’t underestimate China’s ability to catch up with the West appeared first on Asia Times.

The Chinese Communist Party (CCP) has softened its stance on Taiwan matters and highlighted peaceful reunification in advance of the 49th G7 Summit, which will be held in Japan’s Hiroshima on May 19-21. Chinese media also stress that China will face a huge crisis if it has to divide its army to fight against the […]

The post Beijing cools Taiwan issues ahead of G7 Summit appeared first on Asia Times.

China has ordered a Canadian diplomat to leave the country after a Toronto-based Chinese diplomat was expelled and accused of trying to intimidate a lawmaker. The Chinese Foreign Ministry announced on Tuesday that Shanghai-based Canadian envoy Jennifer Lynn Lalonde has to leave China by May 13. It said the move is a reciprocal countermeasure to […]

The post China, Canada expel each other’s diplomats appeared first on Asia Times.

China will require all locally used artificial intelligence (AI) chatbots to censor their content, making it comport with the ruling Communist Party’s core socialist values. The Cyberspace Administration of China (CAC), the country’s internet watchdog, on Tuesday (April 11) started a one-month public consultation for a set of new rules that will forbid AI chat […]

The post China’s early AI chatbots more patriotic than smart appeared first on Asia Times.

China will have to pay more to buy coal from Mongolia, which says it will stop shipping its solid fuel to China directly from February and instead sell it through auctions.  Mongolia will also use border price, instead of pithead price, to sell its coal starting Wednesday, meaning that the new price will include the transportation […]

The post China gets burned as Mongolia breaks coal link appeared first on Asia Times.

Just as the supply-chain crisis appears to be stabilizing, a new set of laws in southern Africa threatens one of the world’s essential commodities. Last month, Zimbabwe banned the export of raw lithium. The material is a vital part of batteries that power everything from smartphones to electric vehicles. Zimbabwe is home to the world’s […]

The post Get ready for a new wave of resource nationalism  appeared first on Asia Times.

Public hospitals in key Chinese cities have been overrun by Covid patients with fever after Beijing announced last week its plan to adopt the “living with the virus” strategy. People have been seen queuing up for an admission to hospitals in cities including Beijing, Guangzhou, Wuhan and Shijiazhuang in the past few days. Health officials […]

The post China’s hospitals overrun after Covid rules eased appeared first on Asia Times.

Once again Covid and China’s policy for combating it are causing a lot of excitement. Hong Kong stock markets were up on Tuesday after an unconfirmed social media post said China was preparing to “reopen its border” in March next year. The Hang Seng Index jumped 5.23% to 15,455 points. Tencent surged 10.6% while Meituan […]

The post Stocks jump, workers run away over China Covid tales appeared first on Asia Times.

China is expected to slightly relax its quarantine rules after the Chinese Communist Party (CCP)’s 20th National Congress although its “zero-Covid” policy is expected to continue. CCP General Secretary and Chinese President Xi Jinping said in the opening speech of the Party Congress on Sunday (October 16) that the government had to continue its epidemic control […]

The post Hints of a shift in China’s ‘zero-Covid’ policy appeared first on Asia Times.

Hundreds of top engineers and executives working for Chinese chip companies are facing a tough decision about whether they should stay in mainland China amid the United States’ sanctions. They include those who were born in China but hold US passports after finishing their studies and gaining their working experience in America. Chinese media said […]

The post China-based US chip experts face stay-go dilemma appeared first on Asia Times.

Chinese pundits are divided over Washington’s proposed plan to restructure America’s industrial supply chain by decoupling with China. Chen Feng, a writer for Guancha.cn, or The Observer, writes that US companies will not be able to relocate their high-value production lines from China to nearby countries such as India and Vietnam, which he says lack […]

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China’s DJI, the world’s largest drone maker, has been accused by the United States of having ties with the Chinese army after its products were reportedly used by Russian troops to invade Ukraine. On October 4, the United States Department of Defense (DoD) blacklisted 13 Chinese companies, including DJI, BGI Genomics and China State Construction […]

The post US blacklists China’s DJI drones for alleged PLA ties appeared first on Asia Times.

A startup set up by a former Huawei executive in Shenzhen has drawn Washington’s attention as it will reportedly supply chips to US-sanctioned Huawei Technologies. Established in June 2021, Shenzhen Pengxin Micro Integrated Circuit Manufacturing Co Ltd will receive its ordered chip-making machines next year and start producing 28 nanometer (nm) chips in 2025, media reports said.  […]

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China’s top cybersecurity authority has accused the US National Security Agency (NSA) of stealing information from a top Chinese university through a trojan virus, an allegation that threatens to escalate already high and rising bilateral tensions. China’s National Computer Virus Emergency Response Center (CVERC) claimed in a recent report that NSA’s Office of Tailored Access […]

The post China drops the gauntlet on NSA’s serial cyberattacks appeared first on Asia Times.

China has expressed its strong opposition to a new US Federal Communications Commission (FCC) decision to ban three Chinese telecom companies from selling equipment to its internet development fund. On Tuesday, the FCC said it had put Chinese telecom firms China Unicom (Americas), Pacific Networks Corp and its wholly-owned subsidiary ComNet (USA) on its “Covered […]

The post US pulls the plug on more China telecos appeared first on Asia Times.

US-China tensions have spiked again with the US Senate’s passage of the 2022 Taiwan Policy Act, which if enacted will see Washington allocate billions of dollars to fortify Taiwan’s defenses against a potential Chinese invasion. Qiu Kaiming, director of the Taiwan Work Office of the Chinese Communist Party (CCP) Central Committee, said Wednesday the Taiwan issue has become more […]

The post US-China keep rumbling and grumbling over Taiwan appeared first on Asia Times.

China’s government has reiterated its determination to realize national reunification with Taiwan after media reports said the United States was considering unveiling a sanctions package against China over its treatment of the self-governing island. According to a Reuters report citing sources familiar with the discussions, the Biden administration is now mulling a series of sanctions […]

The post US-China at a weaponized breaking point over Taiwan appeared first on Asia Times.

Shares of China’s contract drug makers have been under pressure since US President Joe Biden signed an order that urges drug makers to reduce reliance on foreign labs. On Monday (September 12), Biden signed an executive order to coordinate a whole-of-government approach to advance biotechnology and biomanufacturing, jointly referred to as the “bioeconomy,” to address […]

The post Chinese biomed firms take ill on Biden’s decoupling order appeared first on Asia Times.

Xi Jinping will visit Kazakhstan before landing in Samarkand, Uzbekistan, on Thursday for the Shanghai Cooperation Organization (SCO) Summit, marking the leader’s first trip outside of China since the start of the global pandemic in January 2020. China, Russia, India and Central Asian leaders will meet face-to-face at the SCO Summit in Uzbekistan on Thursday […]

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The development of China’s artificial intelligence sector is expected to be slowed in the coming few years by the United States’ new ban on exports of several high-end chips made by Nvidia and AMD, say Chinese IT experts. Nvidia said last Friday it had been informed by the US government that it must stop exporting […]

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