18 h. ago Zombie fabs plague China's chipmaking ambitions, failures burning tens of billions of dollars

Zombie fabs plague China's chipmaking ambitions, failures burning tens of billions of dollars  Tom's Hardware

Events

7 d. ago China’s Domestic GPU Manufacturers Are Swiftly Making Moves In The Market; Now Advancing Toward Multi

China’s Domestic GPU Manufacturers Are Swiftly Making Moves In The Market; Now Advancing Toward Multi-Billion Dollar IPOs  Wccftech

Economics

8 d. ago Trump has a US$30 billion plan to match China at shipbuilding. Can he win?

America’s view of China as a “pacing threat” has shaped its defence priorities as the military seeks to maintain an edge over a rapidly modernising PLA. In the last of a three-part series on how US budget tensions will affect efforts to deter China, we look at Trump’s massive funding request aimed at turbocharging naval construction. Read the rest of the series here. US President Donald Trump aims to invest tens of billions of dollars to revitalise American shipbuilding, as China’s rapidly...

Politics

1 week 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

2 w. ago Hong Kong steps into currency market to defend local dollar’s peg

The Hong Kong Monetary Authority (HKMA) has stepped into the financial market for the first time since 2023 to support the weak local dollar, in an effort to thwart currency arbitrageurs who engage in so-called carry trades. The city’s de facto central bank sold US$1.2 billion worth of US dollars to buy Hong Kong currency at HK$7.85 per US dollar, according to a statement on Thursday. The action came after the local currency hit the weak end of its trading band at HK$7.85. The Hong Kong...

Politics

2 w. ago Hong Kong steps into the currency market to defend local dollar’s peg

The Hong Kong Monetary Authority (HKMA) has stepped into the financial markets for the first time since 2023 to support the weak local dollar, in an effort to thwart currency arbitrageurs who engage in so-called carry trades. The city’s de facto central bank sold US$1.2 billion worth of US dollars to buy Hong Kong currency at HK$7.85 per US dollar, according to a statement on Thursday. The action came after the local currency hit the weak end of its trading band at HK$7.85. The Hong Kong...

Politics

2 w. ago Zhejiang Sanhua shares drop in Hong Kong trading debut as IPO frenzy stalls

Chinese heating systems supplier Zhejiang Sanhua Intelligent Controls had a tepid trading debut in Hong Kong on Monday, with investors selling shares following the initial public offering (IPO) frenzy. Trading under the code 2050, the stock began trading at HK$20.95 amid a declining market, 7.2 per cent lower than its offer price of HK$22.53, in an upsized offering that raised HK$9.3 billion (US$1.2 billion). Sanhua’s lack-lustre debut was the first decline in the four billion-dollar stock...

Politics