Lacklustre sales at the end of 2025 will bode ill for the Chinese electric vehicle (EV) domestic market this year, reports the South China Morning Post, with low-priced carmakers under pressure to offer further price cuts amid an adjusted trade-in subsidy mechanism. A bleak outlook could also prompt authorities to rein in a discount war as few assemblers […]
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US President Donald Trump has blocked US photonics firm HieFo Corp’s $3 million acquisition of assets in New Jersey-based aerospace and defense specialist Emcore, citing national security and China-related concerns, reports Reuters. In an order released by the White House, Trump said HieFo was “controlled by a citizen of the People’s Republic of China” and that its 2024 acquisition […]
Beijing has announced it will restore a 30-year-old tax on contraceptive drugs and condoms in a bid to cut sales of contraceptives and thereby boost birthrates. The announcement follows a recent move to waive all hospital fees for child delivery. China is struggling with a low birth rate, and despite Beijing’s best efforts to reverse […]
Nvidia has told Chinese clients it aims to start shipping its second-most powerful AI chips to China reports Reuters citing inside sources. The shipments will likely begin before the Lunar New Year holiday in mid-February. The US chipmaker plans to fulfil initial orders from existing stock, with shipments expected to total 5,000 to 10,000 chip modules—equivalent to […]
The US Trade Representative Office said it had determined that Beijing’s drive for dominance in the semiconductor sector is “unreasonable and discriminatory”, reports the South China Morning Post. It labelled Chinese chips as a direct threat to US commerce. In a formal notice of action filed with the Federal Register, the agency said the US is […]