Posted inEconomy
US WeChat ban to disrupt life
Many businesses, not just communication, likely to be affected The responses of WeChat users in the US in anticipation of a potential ban on the Chinese social messaging app by…
Posted inEconomy
China’s July CPI may rise 2.7% due to high food prices: analysts
The nation's consumer price index (CPI), the main gauge of inflation, may have risen 2.7 or 2.8 percent in July, Chinese macroeconomists estimated, and the full-year figure could be around…
Posted inEconomy
Huawei forced to halt Kirin output
Rare expression of weakness may also show firm finds ways to cope The US chip ban that is set to be effective from mid-September might spell the end for production…
Posted inEconomy
Huawei shipments set to drop due to lack of Kirin chip supply
Huawei's Kirin chips cannot be produced after September, and the company's chips are currently out of stock, a Huawei executive said on Friday. Richard Yu Chengdong, chief executive of the…
Posted inEconomy
China PV makers explore overseas markets despite pandemic disruption
Chinese photovoltaic manufacturers are actively exploring overseas markets despite disruptions from the coronavirus pandemic, which they said had some negative impact on overseas orders but was not overly serious. Li…
Posted inEconomy
China’s forex reserves score 4-month rising streak
China's foreign exchange reserves scored a four-month rising streak in July as the country made major progress in coordinating COVID-19 control and social and economic development. The country's foreign exchange…
Posted inEconomy
TikTok prepared to sue over totalitarian crackdown by ‘modern-day pirate’
In a white-knuckle move that has led analysts to label him a modern-day pirate, the Trump administration issued an executive order on Thursday blocking all US deals with TikTok's Chinese…
Posted inEconomy
ByteDance threatens to sue US govt over TikTok ban
TikTok's parent company ByteDance said on Fri that it will take to court if the US govt fails to treat it fairly and criticized the US govt for disregarding the…
Posted inEconomy
Banning WeChat is an extension of China-US trade war: expert
US President Donald Trump issued an executive order on Thursday that, beginning 45 days after the date of the order, prohibits any transaction that is related to WeChat by any…
Posted inEconomy
China’s rare earths exports drop by 44% in July amid pandemic
China witnessed a steep decline in rare earths exports in July as the global epidemic resulted in weak demand. China exported 1,620.30 tons of rare earths in July, down from…