Huawei Hisilicon falls out of top 25 global chip vendor rankings

Tech 04/16/22, 19:45

Research firm Gartner on April 14 released its list of the world’s leading chip vendors, which sees HiSilicon, a Chinese fabless semiconductor company wholly owned by Huawei, slipping out from the top 25.Andrew Norwood, research vice president at Gartner, said, “HiSilicon’s revenue declined 81%, from 8.2 billion dollars in 2020 ...

US and Japan reaffirm alliance amid China and North Korea concerns

China 04/16/22, 16:19

U.S. lawmakers traveling to Japan on Saturday, April 16, reaffirmed a working alliance to jointly confront the threat posed by North Korea and China amid growing global tension. The six lawmakers, led by South Carolina Republican Senator Lindsey Graham, met with Japanese Prime Minister Fumio Kishida, who agreed that they should ...

Chinese mobile phone maker’s sales reduced to zero in Russia

Economy 04/16/22, 03:20

Shenzhen-based smartphone maker AGM saw its sales in the Russian market fall to zero in the first two weeks after Russia invaded Ukraine. In an interview with the South China Morning Post on Tuesday, April 12, AGM co-founder Austin Ding said the price of AGM mobiles doubled and even tripled overnight ...

Tencent to block access to unapproved foreign games

Tech 04/16/22, 03:18

Tencent Holding Ltd. announced on Wed, April 13, that it will shut down a gamer-focused accelerator service app that allowed Chinese gamers to access unapproved foreign games on overseas platforms. The Chinese gaming giant said that from May 31, 2022, it will update its current accelerator service on both mobile and ...

U.S. firms face more inventory costs as new supply congested in China

Economy 04/16/22, 03:01

The pandemic outbreak and Chinese government measures used to curb the spread have resulted in logistics and transport disruption in and out of China. As U.S. port congestion has eased and supply chains have begun to unravel, U.S. corporations have increased their inventory levels. On a monthly basis, data from Trading Economics ...

China keeps trading with Russia despite sudden slump in export

Economy 04/16/22, 02:59

China's General Administration of Customs reported its March trade on April 13. According to the statistics, Beijing's overall trade with Moscow increased in March year-on-year, but its shipments to Russia slumped. Chinese customs data showed the second-largest economy's trade with Russia rose 12.76% in March to 11.67 billion dollars. However, China ...

China’s central bank keeps key rate unchanged

Economy 04/16/22, 02:55

The People's Bank of China (PBOC) on Friday, April 15, unprecedentedly left its one-year medium-term loan rate of 2.85% unchanged, contradicting popular expectations of more easing to support the country’s Covid-inflicted economic slowdown. The PBOC also introduced 150 billion yuan (23.5 billion dollars) worth of medium-term lending facility loans. This came ...

U.S. to ensure Chinese invasion of Taiwan’ never happens’

China 04/16/22, 02:50

U.S. National Security Advisor Jake Sullivan, on April 14, said that the situation in Taiwan is different from that in Ukraine and that the U.S. side will take all possible measures to ensure that a Chinese invasion of Taiwan does not occur. Jake Sullivan had a meeting with David Rubenstein, President ...

China sends its most advanced fighter jet to patrol East and South China Sea

China 04/16/22, 02:35

China has begun sending its most cutting-edge fighter aircraft, the J-20, to patrol the contested East and South China Sea. At a news briefing on Tuesday, April 12, Ren Yukun, a senior official from the state-owned Aviation Industry Corporation of China (AVIC) - the J-20's manufacturer -  stated that these advanced ...

China must take sides in Russia-Ukraine war: Secretary of State Blinken

China 04/16/22, 02:13

Since the beginning of the Russian-Ukrainian war, China has stayed out of the international condemnation of Russia's actions in Ukraine, refusing to use the term "invasion" to describe Russia's actions.  U.S. Secretary of State Antony Blinken, on April 14, said that China's lack of consistency in Russia's invasion of Ukraine is ...

U.S. adds 12 Chinese firms to potential delisting list

Economy 04/16/22, 01:28

The U.S. Securities and Exchange Commission (SEC), on Tuesday, April 12, added 12 Chinese firms to the potential delisting list over the next three years. These additions bring the total number of firms subject to delisting from the U.S. stock exchanges to 23. The move came as China is revising the provisions ...

U.S. expresses concerns about possible pact between China and Solomon

China 04/15/22, 23:37

The Pentagon said on Thursday, April 14, that the possible security agreement between China and Solomon Islands leaves the opportunity for the Chinese military to deploy its troops to the Pacific nation. South China Morning Post reported that Pentagon spokesman John Kirby told a press conference, “We believe that signing such ...

Top US lawmakers arrive in Taiwan on unannounced trip

U.S. 04/15/22, 22:41

A group of six bipartisan U.S. lawmakers arrived in Taiwan on Thursday, April 14, for an unannounced visit. Reuters commented that this trip is "in a show of support to the island in the face of Chinese pressure." In recent years, China has frequently deployed fighter jets into Taiwan's Air defense ...

Shanghai residents unable to access medical help amid lockdown: report

News 04/15/22, 22:06

Bloomberg reported on April 14 that a recording of an 82-year-old Shanghai-based man who desperately asked a local official for medical help but failed. The elderly man, identified by state media as Yu Wenming, says in a phone call, "I can't stand it now. I've finished all my medication." He added, ...