The Chinese government is dramatically pumping up its investment in the development of semiconductors. The state-run Shanghai Integrated Circuit Industry Investment Fund has expanded one of its three funds more than 11-fold to RMB 6 billion in a move aimed at injecting more capital into more than 20 semiconductor firms. Semiconductors are clearly the link […]
Category: Investment
A contract held by a Hong Kong company to operate ports at the Panama Canal was found to have violated the Panama constitution and not serve the public interest, reports Reuters. The country’s Supreme Court decision therefore voided the deal made in the 1990s. The court issued its verdict on Thursday, but it did not formally […]
Labubu toymaker Pop Mart plans to establish its European headquarters in London, reports the South China Morning Post. This came as UK Prime Minister Keir Starmer met the company’s founder during a high-profile China visit aimed at rebuilding Britain’s economic ties with China. “London stands at the heart of the global creative ecosystem, and we are thrilled to plant our European roots there,” Wang said in a […]
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AstraZeneca to invest $15BN in China
UK drugmaker AstraZeneca will invest $15 billion in China through 2030 to expand medicines manufacturing and research and development, reports Reuters. The announcement was made as British Prime Minister Keir Starmer visited Beijing. The announcement marks the biggest deal so far during the trip, as Britain seeks to strengthen ties with Beijing at a time of […]
Pop Mart extended its rally in Hong Kong on Wednesday after unveiling an accelerated push into the US market, reports the South China Morning Post. The rise underscores how overseas expansion is helping the Chinese toymaker offset lingering pressures at home, says the Post. The maker of Labubu figurines plans to open more than 20 new […]