44 m. ago In retaliatory move, China blocks EU companies from medical device contracts

China has barred European companies from major Chinese government medical device contracts, hitting back against similar EU restrictions imposed on Chinese firms last month. In a notice on Sunday, the Ministry of Finance said that European Union companies without operations in China were excluded from government medical device contracts valued at more than 45 million yuan (US$6.3 million). Taking effect on Sunday, the restriction does not apply to EU-funded companies operating in China. Non-EU...

Politics

34 h. ago Chinese robot maker Dobot’s humanoid cooks steak from 1,800km away using VR

A humanoid robot from the Chinese firm Shenzhen Dobot successfully cooked a steak – even sprinkling salt with its fingers – while being remotely controlled by an operator 1,800km away using a virtual reality (VR) headset. A video of the feat, published on Friday on the company’s official WeChat account, showcased its latest technology – which could eventually disrupt how humans perform housework, conduct surgeries, inspect nuclear plants and even explore outer space. The cooking was performed by...

Politics

3 d. ago ‘Better than expected’: Chinese firms in Vietnam upbeat over US tariff deal

Chinese manufacturers in Vietnam breathed a sigh of relief on Wednesday, after Washington and Hanoi agreed a “better than expected” trade deal that will reduce US tariffs to 20 per cent and bring an end to three months of uncertainty. Most Chinese exporters are likely to continue operating in the Southeast Asian nation in the wake of the agreement, with firms viewing the final tariff rate as manageable, analysts and businesspeople in the country told the Post. US President Donald Trump announced...

Economics

3 d. ago Mainland digital yuan partner signs deal to develop stablecoin tech in Hong Kong

A Beijing-based fintech services provider, which has provided billing systems for China’s digital yuan, has signed a strategic partnership with a Hong Kong firm to tap stablecoin and virtual asset business opportunities, in the latest sign of mainland interest in the city’s recent moves to license cryptocurrency issuers. Shenzhen-listed North King Information Technology said on Wednesday that it had struck a deal with Hong Kong-listed GoFintech Quantum Innovation to develop infrastructure to...

Politics

3 d. ago Mainland Chinese digital yuan partner to develop stablecoin tech in Hong Kong

A Beijing-based fintech services provider, which has provided billing systems for China’s digital yuan, has signed a strategic partnership with a Hong Kong firm to tap stablecoin and virtual asset business opportunities, in the latest sign of mainland interest in the city’s recent moves to license cryptocurrency issuers. Shenzhen-listed North King Information Technology said on Wednesday that it had struck a deal with Hong Kong-listed GoFintech Quantum Innovation to develop infrastructure to...

Politics

3 d. ago Chinese tech firms are gaining fast on Silicon Valley in AI race: report

Chinese tech firms are gaining fast on Silicon Valley in AI race: report  New York Post

Economics

4 d. ago Chinese firms eye Hong Kong listings after mainland investors’ buying spree

A slew of mainland-listed Chinese technology companies are speeding up fundraising plans in Hong Kong to capitalise on the upbeat market sentiment. Hong Kong’s equity market has been buoyed by mainland investors’ record buying of HK$731.2 billion (US$93.1 billion) of stocks in the first half of the year, according to Hong Kong Exchanges and Clearing (HKEX) data and Bloomberg on Monday. The buying spree, driven by attractive valuations and a re-rating of China’s technology sector, has led to a...

Economics

4 d. ago Is Luckin Coffee the new Starbucks? What to know about Chinese firm’s move to NJ, NYC

Is Luckin Coffee the new Starbucks? What to know about Chinese firm’s move to NJ, NYC  Bergen Record

Politics

4 d. ago Pentagon reliant on Chinese suppliers and ‘not prepared’ for war, report warns

The US defence industrial base remains dependent on Chinese suppliers despite efforts to decouple – and that raises concerns over war readiness, according to a report by data analytics firm Govini. Chinese firms still made up 9.3 per cent of the primary contractors, or Tier 1 suppliers, involved in major US defence programmes across nine critical sectors in 2024, Govini said in its annual National Security Scorecard. “The United States is not prepared for the war that we may have to enter if...

Events

5 d. ago Two Chinese chip firms plan $1.7 billion IPOs, bet US export curbs to spur growth

Two Chinese chip firms plan $1.7 billion IPOs, bet US export curbs to spur growth  Reuters

Economics

5 d. ago An Industrial Policy With American Characteristics: To Compete Like China, America Should Build Like China

An Industrial Policy With American Characteristics: To Compete Like China, America Should Build Like China  Foreign Affairs

Events

6 d. ago Tariffs will ‘negatively impact’ MBTA rail car construction, Chinese firm says

Tariffs will ‘negatively impact’ MBTA rail car construction, Chinese firm says  Boston Herald

Economics

6 d. ago Ghana at loggerheads with China over rampant illegal gold mining

China and Ghana, Africa’s largest gold producer, are embroiled in a diplomatic row over the rampant problem of illegal gold mining, known as “galamsey”. As global gold prices soar, a growing number of Chinese firms are investing billions of dollars in Ghana’s lucrative gold sector. However, the alleged involvement of Chinese nationals in illicit mining operations has ignited major debate. It has prompted the Chinese ambassador to Ghana, Tong Defa, to push back against accusations that Chinese...

Events

9 d. ago Chinese firm Dobot develops robotic arm capable of lifting 30kg at record speed

Chinese robotics company Shenzhen Dobot has developed a new product that can deliver a high payload at record speed. The CR 30H series, consisting of three models, is a six-axis robotic arm that can lift as much as 30 kilograms at speeds of 300 degrees per second, the fastest in the industry for such a payload, according to a company statement on Friday. In addition, the machine is able to remain stable, with a vibration range of less than 0.3 millimeters under a full load, allowing it to...

Politics

1 week ago Beijing vows retaliation after Taiwan blacklists Chinese tech firms, including Huawei (TSM:NYSE)

Beijing vows retaliation after Taiwan blacklists Chinese tech firms, including Huawei (TSM:NYSE)  Seeking Alpha

Politics

1 week ago Zelensky tells Nato Chinese firms among Russia’s suppliers aiding war on Ukraine

Chinese defence companies are part of the network helping Russia sustain its war against Ukraine – a war “crucial” to European security, Ukrainian President Volodymyr Zelensky said at the Nato summit on Tuesday. While Russia poses a long-term threat to Europe, it is not just Russia alone, Zelensky told the summit’s defence industry forum, held in The Hague. Zelensky said that the continent was facing a “network of state and non-state actors” that are “assuring the course of aggression”. “This...

Events

1 week ago China voices 'strong dissatisfaction' over EU ban on Chinese firms in medical device tenders

China voices 'strong dissatisfaction' over EU ban on Chinese firms in medical device tenders  Seeking Alpha

Politics

1 week ago China could retaliate after EU bars Chinese firms from medical device tenders

China could retaliate after EU bars Chinese firms from medical device tenders  TradingView

Politics

1 week ago China opposes EU’s protectionist move against Chinese medical devices firms: MOFCOM

China opposes EU’s protectionist move against Chinese medical devices firms: MOFCOM  Global Times

Economics

1 week ago Chinese AI firm DeepSeek reportedly using shell companies to try and evade U.S. chip restrictions — allegedly procured unknown number of H100 AI GPUs after ban, but Nvidia denies the claim

Chinese AI firm DeepSeek reportedly using shell companies to try and evade U.S. chip restrictions — allegedly procured unknown number of H100 AI GPUs after ban, but Nvidia denies the claim  Tom's Hardware

Politics