Evergrande Group, once the biggest property developer by sales, was ordered by a Hong Kong court to begin its liquidation process, which may take up to five years to complete. The Shenzhen-based company had tried to buy time to implement its debt-restructuring plan and deliver more apartments to its customers since Top Shine Global, one […]

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More Japanese and German firms with operations in China expect the Chinese economy to deteriorate in 2024 than think the opposite, two surveys show. About 39% of Chinese branches of Japanese firms said the Chinese economic situation will worsen this year while only 25% anticipated an improvement, according to a survey of 1,713 firms by […]

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Hoping to improve stock market sentiment, Chinese authorities have unveiled a series of new measures – including a liquidity injection into the banking sector, which has already shown results with a short-term boost to the Chinese stock markets on Wednesday. Other measures, including a call to state-owned enterprises (SOEs) to boost their listed shares, will […]

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After falling 12.2% this year, Hong Kong’s stocks rebounded 2.63% on Tuesday on news that Beijing may mobilize about 2 trillion yuan (US$278 billion) through offshore entities to support beaten-down Chinese stocks. The Hang Seng Index, the benchmark of Hong Kong markets, increased 392 points to close at 15,353 on Tuesday. But it is still […]

The post China mulls market rescue as tears of regret flow appeared first on Asia Times.

The European Union will ask its members to screen foreign direct investment (FDIs) and potentially block countries such as China and Russia from getting access to their sensitive technologies in the chip, artificial intelligence (AI) and quantum computing sectors. The EU will announce its European Economic Security Package (EESP) on Wednesday to ask all EU […]

The post EU to ringfence more high tech areas from China appeared first on Asia Times.

Beijing has kept progress of the discussion about building a new gas pipeline from Russia to China slow, as issues such as the gas price, a proposed new branch and a potential partnership in downstream businesses still linger. The feasibility study of the “Power of Siberia 2” project, designed to deliver 50 billion cubic meters […]

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The good news, according to Yuan Xin, vice-president of the Population Association of China, is that the reduction in the national headcount this year will be milder due to a cultural preference for having a baby during the Year of the Dragon. In China, some families prefer to have a baby in the Year of […]

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Evidence has accumulated that, despite the United States’ export controls, China’s military-related firms, research centers and universities can still acquire Nvidia’s high-end artificial intelligence (AI) chip. Technology experts say the Biden administration has failed so far to stop small distributors from reselling and smuggling the chips into the Chinese underground markets. The US Commerce Department’s […]

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A minority political group in Taiwan, which now controls eight key seats in the Legislative Yuan, is demanding reform of the lawmaking body as a precondition for partnership with the ruling Democratic Progressive Party (DPP).  After the Democratic Progressive Party (DPP) won a third consecutive four-year term at the January 13 election, the Taiwan People’s […]

The post Taiwan’s new kingmaker holds the key to war and peace appeared first on Asia Times.

Beijing is worried by news that the Biden administration is conducting a survey of the extent of use of Chinese chips in critical industries in the United States. In a phone call on Thursday, Chinese Commerce Minister Wang Wentao told US Commerce Secretary Gina Raimondo that China is seriously concerned by Washington’s latest move to […]

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Political tensions in the Taiwan Strait have risen recently as about 20 million Taiwanese voters prepare to elect their president and lawmakers on Saturday. China’s Taiwan Affairs Office’s spokesperson Chen Binhua said Taiwanese people should not vote for Democratic Progressive Party (DPP)’s presidential candidate Lai Ching-te, because Lai’s “Taiwan independence” approach is dangerous and will […]

The post Beijing reminds Taiwanese to pick the ‘right’ leaders appeared first on Asia Times.

A Chinese company has made a 72-qubit superconducting quantum chip with foreign machines as the United States’s curbs failed to slow China’s development in this area. Origin Quantum, a Hefei-based quantum computer maker, on January 6 officially launched its third-generation quantum computer called Wukong, which uses the name of the Monkey King in Chinese mythology […]

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China has recently arrested a foreign consultant, who was accused of collecting state secrets in the country and passing them to the United Kingdom’s spying agency.  The arrested person, surnamed Huang in Mandarin or Wong in Cantonese, was in charge of an overseas consulting agency, according to an announcement made by the Chinese Ministry of […]

The post China arrests foreign consultant who ‘spies for MI6’ appeared first on Asia Times.

Nvidia, the world’s largest graphic chips supplier, reportedly will mass produce three reduced artificial intelligence (AI) chips for China’s customers in the second quarter of this year. The California-based company originally planned to unveil three AI chips – H20, L20 and L2 – for the Chinese markets last November but the launch was delayed to […]

The post Nvidia chips for China dumbed down but lean and mean appeared first on Asia Times.

China’s choices of immersion deep-ultraviolet (DUV) lithography systems that it can buy from ASML have narrowed in the wake of the Netherlands’ tightening of export rules.   ASML said in a recent statement that the Dutch government has partially revoked its license for the shipment of NXT:2050i and NXT:2100i lithography systems to China from the beginning […]

The post High-end DUV ban: China’s damage coming into focus appeared first on Asia Times.

The ruling Democratic Progressive Party (DPP) in Taiwan is leading in the polls for the coming presidential election by 3-5 percentage points but it’s unclear whether such an advantage can last until election day on January 13. Media and research institutions on Tuesday released their last polls before the election. Under election rules they will […]

The post Ruling DPP can still lose Taiwan’s presidency appeared first on Asia Times.

Beijing is criticizing the United States for passing a budget bill that will require the US defense department to boost military training and provide cybersecurity support for Taiwan. It’s the first time that the US openly suggested such cooperation for Taiwan since the enactment of the Taiwan Relations Act in 1979. As of October 2021, […]

The post China decries US law on training Taiwan’s military appeared first on Asia Times.

A California-based consulting firm and its two researchers were sanctioned by the Chinese government over their work related to human rights issues in northwestern China’s Xinjiang region. In accordance with its Anti-Foreign Sanctions Law, China will freeze the mainland property of Kharon as it has long collected Xinjiang-related sensitive information and provided so-called evidence for […]

The post US research firm curbed over alleged Xinjiang spying appeared first on Asia Times.

China has vowed to sanction Lockheed Martin, the world’s and America’s largest defense contractor, for a fifth time after Washington approved on December 16 a US$300 million arms deal that will link Taiwan’s tactical information system with that of NATO allies. The new system will help improve Taiwan’s command, control, communications and computer (C4) capabilities […]

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A rising number of Chinese chip design firms are placing orders with chip packaging companies in Malaysia in a bid to diversify their supply chains and protect their operations against intensifying US chip export controls. These Chinese firms are reportedly engaging Malaysian chip packaging service providers to assemble a type of graphic processing unit (GPU) […]

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