China will propose changes to the rules of the World Trade Organization (WTO), but the country’s ambassador to the bloc also warned its partners not to use the reforms as an opportunity to try to squeeze China, Reuters reports. Zhang Xiangchen, China’s representative at the WTO, made the comments during a WTO conference in Paris on Friday, […]
Category: Brief
An ongoing investigation by Chinese regulators into three of the world’s largest semiconductor companies has uncovered convincing signs of anti-competitive behaviour, said officials in Beijing. The probe, targeting South Korea’s Samsung and Hynix and US-based Micron Technology, has made “important progress” but officials are yet to provide specific claims of competition violations. “The anti-monopoly investigation […]
The municipal government of Beijing is setting aside billions to invest in cash-strapped private companies, primarily in the technology sector, that face financial risks from having pledged shares to borrow funds, Caixin reports. Beijing’s deputy mayor, Yin Yong, said on Monday that of the over 150 private listed companies in the city, “most…have engaged in […]
American businesses and households will only pay 4.5% more after the US raises tariffs on $250 billion of Chinese goods to 25% in January, concludes a new report by European Union research group EconPol analysed by Bloomberg. The remaining 20.5% cost will hit the pockets of Chinese producers, the report says, fulfilling one of President […]
A Chinese company has received approval to build a $2 billion industrial park at a former US military outpost in the Philippines, according to a Financial Times report, another sign that the government of Rodrigo Duterte is strengthening ties with Beijing. The project announcement comes as Xi Jinping heads to the Philippines later this week […]