24 h. ago Chipmaker CXMT eyes US$42 billion Shanghai listing, sources say

Chinese memory chipmaker ChangXin Memory Technologies (CXMT) plans an initial public offering (IPO) in Shanghai as soon as the first quarter of next year, eyeing a valuation of up to 300 billion yuan ($42.12 billion), according to two sources briefed on the matter. Founded in 2016 with government backing, CXMT leads China’s strategic push to build a foothold in a global DRAM market long dominated by companies from Japan, South Korea and the United States. China’s leading manufacturer of dynamic...

Economics

31 h. ago China’s Manufacturing Dominance Leave Developing Nations With Fewer Paths to Grow

China’s Manufacturing Dominance Leave Developing Nations With Fewer Paths to Grow  The China-Global South Project

Politics

44 h. ago Peter Navarro Says U.S. Has "Incredibly High Ground" in China Trade Talks

Peter Navarro Says U.S. Has "Incredibly High Ground" in China Trade Talks  Alliance for American Manufacturing

Politics

51 h. ago Hong Kong set for IPO flurry next week with Sany leading the charge

The Hong Kong stock exchange is poised for a blockbuster day next week, as four stocks – including Sany Heavy Industry, China’s largest construction machinery manufacturer – are set to debut, positioning the city to reclaim its status as the world’s top fundraising venue this year. Among the four stocks launching on October 28, Sany Heavy Industry, already listed in Shanghai, aims to raise the highest amount, targeting up to HK$12.36 billion (US$1.59 billion) by offering 580.42 million shares in...

Politics

3 d. ago Robots take centre stage at Canton Fair, defying US tariff concerns

At the autumn session of the twice-yearly Canton Fair – China’s oldest and largest trade exhibition – which opened this week, the busiest pavilions were those showcasing robotics, smart manufacturing and new energy vehicles. At the exhibition halls in Guangzhou, the capital of southern China’s Guangdong province, cameras flashed, crowds surged and long queues formed at booths displaying hi-tech products, with concerns about the shadows cast by US tariff increases thin on the ground. The sales...

Politics

4 d. ago Overseas expansion adds fuel to Chinese energy storage firms’ hunt for bosses

Openings at overseas energy storage operations flood John Yang’s screen anytime he browses recruitment websites, with listed giants and small and medium-sized enterprises (SMEs) alike offering salaries well above those typically found in China’s manufacturing sector. “Job seeking has never felt easier. The only worry is whether the new role could last beyond next year,” joked Yang, Thailand director at a Shenzhen-based energy storage firm. Yang’s experience reflects the recent, rapid overseas...

Economics

4 d. ago Dutch seized Nexperia over fears Chinese owners planned to move chip production to China

The Dutch government believed chipmaker Nexperia’s Chinese owners planned to move its manufacturing operations to China, prompting the unprecedented seizure of the company that has sent shock waves through the global tech world. Earlier this month, authorities seized control of Nexperia’s management and ousted its Chinese CEO, Zhang Xuezheng, citing national security concerns. In response, China’s Ministry of Commerce on October 4 imposed export controls on Nexperia’s Chinese subsidiary and its...

Politics

4 d. ago Microsoft to move most of hardware manufacturing outside of China

Microsoft to move most of hardware manufacturing outside of China  https-//www.semafor.com

Events

5 d. ago Indonesia’s North Korea ties stoke worries in Seoul over jet tech leak

Indonesia’s renewed diplomatic engagement with North Korea has raised concerns in Seoul over the possible breach of sensitive technology related to the KF-21, a cutting-edge fighter jet jointly developed with the Southeast Asian nation. South Korean officials maintain that KF-21 data is protected under existing non-disclosure agreements with Jakarta. Still, critics point to Indonesia’s record on the joint project, including payment delays and leak scandals, which have undermined its...

Politics

5 d. ago China has a new 500 billion yuan ‘financial instrument’. How will it be used?

China’s top economic planner, the National Development and Reform Commission (NDRC), confirmed last month that Beijing was setting up a new “policy-based financial instrument” worth 500 billion yuan (US$70 billion). The special financing tool was first proposed in April – when trade tensions between China and the United States were rapidly escalating – to provide an extra injection of funding to accelerate domestic innovation and support the economy. It has the potential to drive trillions of...

Economics

5 d. ago Microsoft to Shift Majority of Product Manufacturing Out of China by 2026

Microsoft to Shift Majority of Product Manufacturing Out of China by 2026  Yahoo Finance

Politics

6 d. ago Microsoft is reportedly moving its Surface manufacturing out of China

Microsoft is reportedly moving its Surface manufacturing out of China  The Verge

Politics

6 d. ago Powering the future: how China plans to supercharge its EV revolution

China aims to double its electric vehicle (EV) charging capacity by the end of 2027, building 28 million facilities nationwide to tackle the uneven distribution of public networks and spur consumer spending in the auto sector. The expanded network will provide more than 300 million kilowatts of public charging capacity, enough to meet the needs of over 80 million EVs, according to a document released by the National Development and Reform Commission (NDRC). The action plan, unveiled on...

Politics

6 d. ago Will Indonesia’s plan to join Brics bank lead to heavier debt burden?

Indonesia’s plan to join the Brics-led New Development Bank (NDB) and fulfil a payment requirement for membership has spurred a debate on whether the move is feasible given the country’s strained finances to fund President Prabowo Subianto’s priority projects. Earlier this year, Prabowo announced that Indonesia was planning to join the NDB “to boost the national development transformation” after he met the bank’s chairwoman, Dilma Rousseff, in Jakarta. “The Indonesian government has decided to...

Economics

7 d. ago Swedish truckmaker Scania launches new China manufacturing hub

Swedish truckmaker Scania launches new China manufacturing hub  Reuters

Politics

7 d. ago DJI appeals inclusion on Pentagon’s ‘Chinese military companies’ list

Chinese drone maker DJI has appealed a US federal court’s decision that it should remain on the Pentagon’s blacklist of companies allegedly linked to China’s military. The Shenzhen-based company filed the appeal on Monday to the US Court of Appeals for the DC Circuit. DJI filed a lawsuit last October, arguing that it is not owned or controlled by the Chinese military and does not contribute to China’s defence industrial base. The drone manufacturer, which sells over half of all US commercial...

Events

7 d. ago USTR Calls on International Partners to Counter China’s Steel Overcapacity

USTR Calls on International Partners to Counter China’s Steel Overcapacity  Alliance for American Manufacturing

Politics

9 d. ago Shanghai to scrap all foreign investment limits on manufacturing

Mainland China’s commercial and financial hub Shanghai has pledged to remove all regulatory hurdles for foreign investors to set up manufacturing businesses, as authorities move to shore up confidence in the local and national economies despite rising US-China trade tensions. Mayor Gong Zheng said on Sunday that deepened reforms had been carried out to grant overseas companies in the fields of electric vehicles, value-added telecommunications services, biotechnology and hospitals full access to...

Economics

1 week ago China now receives $3.9 billion more in debt payments than it lends to developing nations

China now receives $3.9 billion more in debt payments than it lends to developing nations  Business Insider Africa

Economics

1 week ago Chinese local governments warned not to give AI access to sensitive information

Chinese local governments have been told they may use artificial intelligence to help decision-making, but must ensure they do not leak any sensitive data or “blindly” pursue technological superiority. New guidelines, published by the Cyberspace Administration of China and the National Development and Reform Commission on Friday, said AI models could make government more efficient and benefit the public. It listed areas where AI models could be used. These included online consultations to answer...

Events