Tag: china
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Trump’s Tariffs are Putting the Pinch on Bitcoin Mining Giant Bitmain
byIncreasing tensions in China-US trade relations may portend tougher times ahead for Chinese bitcoin mining hardware maker Bitmain, with shipments to one of its major overseas markets facing new tariffs since August 23. The South China Morning Post reports that Bitmain is seen by analysts as the cryptocurrency mining hardware firm with the most potential exposure to […]
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Silicon Valley is working with China to ease fears about AI
byHong Kong-Baidu has become the first Chinese company to join a US-led alliance on artificial intelligence that includes Silicon Valley’s biggest names. The Partnership on AI was established in 2016 to ease concerns about the development and use of the frontier technology. Fears over AI include the risk of machines becoming smarter than people, which Elon […]
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China is buying fewer cars. GM and VW are feeling the pain
byHong Kong-Sales in the world’s biggest auto market are falling, causing big problems for top global brands that have come to rely on it for much of their growth. China has been a source of blockbuster sales for major carmakers for years, as rapid economic growth gave millions of consumers the cash to spend on middle-class status […]
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In letter to Congress, Apple sends strongest denial over ‘spy chip’ story
byApple has doubled down on its repudiation of Bloomberg’s report last week that claimed its systems had been compromised by Chinese spies. The blockbuster story cited more than a dozen sources claiming that China installed tiny chips on motherboards built by Supermicro, which companies across the U.S. tech industry — including Amazon and Apple — have […]
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What You Should be Recycling from Your Waste
byRecycling was shaken up by China’s trash ban. On January 1, China stopped taking 24 types of waste and recyclable items like plastic and paper from overseas. China was the biggest buyer of New Zealand’s waste and recyclables. The change meant councils had to find other overseas buyers for recyclable waste, but that came with a whole new set of recycling guidelines […]
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Interpol chief Meng Hongwei vanishes on trip to China
byFrance has opened an investigation into the disappearance of Meng Hongwei, the Chinese head of the international police agency Interpol. His family have not heard from him since he left Interpol HQ in the French city of Lyon for a trip back to China a week ago, police sources say. “He did not disappear in […]
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China official says talks impossible with ‘U.S. holding knife’
by“China might prefer to wait out the current U.S. administration, rather than embarking on potentially futile negotiations,” said one analyst. China cannot hold talks with Washington on ending their escalating trade dispute while the United States “holds a knife” to Beijing’s neck by imposing tariff hikes, a Chinese official said Tuesday. The warning followed the […]
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China may reject new trade talks if more tariffs imposed: WSJ
byWASHINGTON (Reuters) – The Chinese government may decline to participate in proposed trade talks with the United States later this month if the Trump administration moves forward with additional tariffs on imported Chinese goods, the Wall Street Journal reported on Sunday, citing Chinese officials. The U.S. had proposed the talks, but at the same time […]
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Typhoon Mangkhut: Deadly typhoon lands in south China
byTyphoon Mangkhut is lashing China’s most populous province, bringing winds of up to 100 mph (162 kph). Guangdong is on its highest alert for the storm, which also hit Hong Kong, where it swayed skyscrapers and blew out windows. The death toll from the Philippines has now risen to at least 59. Most died in […]
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China to ask Wall Street for ideas on improving U.S. ties
byHONG KONG – China will ask Wall Street firms for ways to improve ties with the United States and suggestions to open up its financial sector at a day-long meeting in Beijing on Sunday, people familiar with the matter said. The Chinese government sent invitations for the hastily-convened meeting a few weeks ago as trade […]
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