China-US


China, US trade associations team up for dialogue on chips

China, US trade associations team up for dialogue on chips

(ATF) Chip stocks have rallied since China’s major trade association for the sector said it will set up a working group with its US-based counterpart, as analysts expect the tie-up to help fill a gap for dialogue as US President Joe Biden has shown no sign yet that he wants …

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US and India tighten the screws on Huawei

US and India tighten the screws on Huawei

(ATF) The Biden administration this week amended licenses for companies to sell to Huawei, adding new restrictions preventing companies from supplying items that can be used with 5G devices, while India is expected to put Huawei on a procurement blacklist, according to reports on Thursday March 11. The US changes …

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Xi calls for open world economy; Biden counsels patience

Xi calls for open world economy; Biden counsels patience

(ATF) China’s President Xi Jinping called for an increased G20 global economic role and warned against a new Cold War, while US President Joe Biden recommended “strategic patience” in US-Chinese relations on Monday January 25.Speaking at a virtual meeting of the World Economic Forum – the annual gathering normally held …

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Chinese telecom firms request another NYSE delisting reversal

Chinese telecom firms request another NYSE delisting reversal

(ATF) China Mobile, China Telecom and China Unicom have made an apparently coordinated request to the New York Stock Exchange (NYSE) to reverse an earlier decision to delist their shares, providing yet another twist to a confusing saga for investors. The NYSE – after a series of bizarre policy reversals …

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Alibaba 'dismayed' over Uighur facial recognition technology

Alibaba 'dismayed' over Uighur facial recognition technology

Chinese tech giant Alibaba has sought to distance itself from a facial recognition software feature devised by its cloud computing unit that could help users to identify members of the country's Muslim Uighur minority.The issue is highly controversial – and risky – because the Trump Administration has been imposing US …

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Luckin Coffee to pay $180m penalty for fraud charges: US SEC

Luckin Coffee to pay $180m penalty for fraud charges: US SEC

Luckin Coffee Inc has agreed to pay a $180 million penalty to settle accounting fraud charges for "intentionally and materially" overstating its 2019 revenue and understating a net loss, US regulators have said.The US Securities and Exchange Commission (SEC) fine on the China-based rival to Starbucks comes after it said …

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US tightens pressure on Chinese firms listed on Wall Street

US tightens pressure on Chinese firms listed on Wall Street

(ATF) Chinese firms listed in the USA are feeling the heat as senior US regulators are investigating why Chinese firms listed on US stock exchanges don't have ‘open books,’ with their accounts open to scrutiny by auditors like other listed companies are required to do.But news out of China late …

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Yatsen Holding revives China IPO sentiment

Yatsen Holding revives China IPO sentiment

(ATF) Shares of Yatsen Holding, the parent company of China-based beauty 'unicorn' Perfect Diary, jumped 66% in their US market debut on November 19, adding to a host of blockbuster initial public offerings (IPOs) this year.The successful listing helped to allay concerns about IPOs for Chinese companies in the US, …

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