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: Takeaway
The EU has announced tariffs of 79% on all ceramic table and kitchenware from China, up from a range between 13.1-36.1% previously. This follows an investigation by the European Commission that it said found Chinese ceramics were owned, controlled or guided by “authorities”, receiving preferential financing, land and raw materials. The result of this was […]
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Taking off
China’s civil aviation authority has proposed a regulatory change to allow the domestically produced passenger jet, the C919, to use runways as narrow as 30m found in smaller airports. 45m is the global standard, but Boeing and Airbus do also use 30m ones for their 737s and A320s in some circumstances. The announcement by the […]
The new year has begun with renewed talk from Beijing of boosting consumption—that is, getting people to buy stuff—but all signs appear to be heading the other way. The latest news, for example, includes a continuation of the property sector slump with January sales figures from the 100 largest developers down 27% from a year […]
Panama’s Supreme Court has ruled that contracts to operate two ports on the Panama Canal held by Panama Port Company (PPC), a subsidiary of Hong Kong’s CK Hutchinson, are unconstitutional and therefore void. The PPC, which is operated by Hutchinson, owned by billionaire Li Ka-shing, has been running the ports on either end of the […]