The US telecommunications regulator said that it is adding Shenzhen-based DJI, the world’s largest drone maker, to a list of companies determined to pose “unacceptable risks” to US national security, reports the South China Morning Post. The ruling applies to all new models but not to existing ones. Addition to the Federal Communications Commission (FCC)’s covered list […]
Category: Economics & Trade
China has slapped tariffs of up to 42.7% on European producers of certain dairy products, reports the South China Morning Post. This includes cheese and cream products. Chinese investigators made a preliminary determination that the European Union provided “substantial subsidies” to the milk and dairy products industry “through programmes such as the common agricultural policy” and […]
There is a clear disconnect growing in terms of information and perceptions on the state of China’s economy, and its positioning in terms of the tech and AI revolutions. This week’s news provides many examples of this. The real estate market—the heart of China’s economy—seems to be going from bad to worse, with total sales […]
Hainan has begun “closed customs operations” for its free trade port reports Caixin, marking a milestone in China’s experiment with deeper financial and trade liberalization. In customs terms, “closed operations” mean the entire island will function as a special customs-supervised zone, where goods, capital and people can move freely between Hainan and overseas markets, while flows […]
Chinese carmaker BYD plans to build a new factory in Brazil within the next three years, reports the South China Morning Post. The new plant would dwarf BYD’s current Brazil operation, lifting output from about 600 units over a decade to up to 7,000 a year. The announcement comes after rising demand for electric buses filled […]