Caixin China Biz Roundup: What Does the U.S. CHIPS Bill Mean for China?
Aug 11, 2022 07:02 PM

World Largest Small Commodity Hub Hits Pause for Covid Control

After finding 500 cases, eastern China’s Yiwu suspends nonessential public services and restricts residents’ movements for three days

Aug 12, 2022 03:32 AM

Crypto Lender Tied to Chinese Rig Giant Throws Miners a Lifeline

China’s Bitmain Technologies, Antpool mining and Singapore’s Antalpha offer low-interest loans amid bitcoin downturn

Aug 12, 2022 02:38 AM

Top China Chipmaker Defies U.S. Sanctions With Earnings Beat

SMIC reports net income of $514.3 million for the second quarter on revenue of $1.9 billion even as semiconductor demand crumbles

Aug 12, 2022 02:20 AM

China’s Climate Envoy Blames U.S. for Beijing’s Decision to Halt Climate Talks

Xie Zhenhua rejects U.S. counterpart John Kerry’s criticism of the move, which was made in response to Nancy Pelosi’s Taiwan visit, saying Washington is actually ‘fully responsible’

Aug 11, 2022 07:51 PM

Gallery: Celebrating the Life of Designer Issey Miyake

Japan’s renowned designer Issey Miyake has died aged 84 in Tokyo, after a lifetime of pioneering work in fashion, perfume and exhibition curation. The style icon has worked with Guy Laroche and Hubert de Givenchy in Paris, and was celebrated for his bold pleated clothing designs

Aug 11, 2022 07:47 PM

Caixin China Biz Roundup: What Does the U.S. CHIPS Bill Mean for China?

How $280 billion of support for America’s semiconductor companies could change the global chip industry; Beijing’s latest white paper on the Taiwan issue; and Kuaishou’s ambitions in chipmaking and cloud services

Aug 11, 2022 07:02 PM

Gallery: Tourist Towns’ Covid Shutdowns

Tibet closed its famous Potala Palace on Tuesday following an outbreak of Covid-19, while Xinjiang and Hainan have locked down high-risk areas over the past few days. Authorities in the three regions have detected thousands of local infections this month

Aug 11, 2022 06:15 PM

Biden ‘Cautious’ on China Tariffs After Pelosi’s Taiwan Trip, Commerce Chief Says

Secretary of Commerce Gina Raimondo says the U.S. president is considering what to do with the Trump-era tariffs because he doesn’t want to hurt American workers

Aug 11, 2022 05:34 PM

Ant-Backed Startup Dana Bags $250 Million From Sinar Mas, Alibaba

The 5-year-old company will use the funds to invest in new tech and roll out more financial services in one of the world’s fastest-growing fintech markets, its CEO says

Aug 11, 2022 03:22 PM

China’s Provinces Vow to Meet GDP Targets Despite Growth Slump

At least 10 local governments explicitly say they will strive to hit their targets, and at least another seven said they’ll keep the goals in mind and do their best

Aug 11, 2022 03:14 PM

Dozens in China Infected With New ‘Langya’ Virus Carried by Shrews

The 26 patients, mainly farmers, had fevers and reported fatigue, cough, loss of appetite and aches

Aug 11, 2022 03:08 PM

Shanghai Composite Index Rose 1.6% on Thursday

Shenzhen Component Index closed up 2.05%

Aug 11, 2022 03:03 PM

CX Daily: Five Things to Know About China’s Scandal-Struck Chip Industry ‘Big Fund’

Beijing releases a white paper on the heightened Taiwan issue

Aug 11, 2022 09:07 AM

Analysis: How Will Biden’s CHIPS Bill Alter the Global Landscape?

New $280 billion American policy to bolster domestic semiconductors is already sending ripples through the industry worldwide

Aug 11, 2022 05:17 AM

Kuaishou Dives Into Cloud Services and Chipmaking

Short video giant expands beyond original consumer focus and jumps on the tech industry’s bandwagon for in-house semiconductor development

Aug 11, 2022 03:44 AM
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