Beijing has asked some Chinese tech companies to halt orders for Nvidia’s H200 chips this week, reports Reuters, citing people familiar with the matter. The leadership is expected to mandate domestic artificial intelligence chip purchases. China’s directive to suspend orders was issued as the government considers whether, and under what conditions, to allow access to Nvidia’s […]
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China has banned exports to Japan of dual-use items that can serve military purposes, reports Caixin. The move comes amid already tense relations between the two countries following the Japanese prime minister’s recent remarks on Taiwan. Exports of such items to Japanese military users and all other end-users that could help strengthen Japanese military power are […]
South Korea has overtaken Japan as the leading destination for outbound flights from the Chinese mainland, reports Caixin. This marks a significant shift in regional tourism trends shaped by political tensions and government advisories. Between December 29 and January 4, South Korea ranked first among outbound destinations with 1,012 flights departing from the Chinese mainland, followed […]
China’s Dongfeng Motor is in talks with an investor about producing passenger cars in Turkey, reports Reuters, citing the company’s Turkish distributor. Turkey, with annual sales of 1.4 million vehicles, is a relatively large market and has custom free trade with the EU. Car imports to Turkey from China are subject to extra taxes and Chinese […]
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Furniture falls
Ikea has announced it will close seven of its 41 stores across China as it looks to shift to small-format outlets catering to a more targeted market. The move comes amidst low consumer spending and a weak property market. Ikea as a brand is in many ways symbolic of the aspirations both of China’s middle […]