[ad_1] The Biden administration is pushing China to change an industrial policy that poses a threat to U.S. jobs, Treasury Secretary Janet Yellen said Monday after ending four days of talks with Chinese officials. She also said she and Chinese officials had “difficult conversations” about national security, including American concerns that Chinese companies are supporting … Read more
[ad_1] The Biden administration has reached an agreement to provide Intel with up to $8.5 billion in direct funding and $11 billion in loans for computer chip plants in Arizona, Ohio, New Mexico and Oregon. Intel said the new funding, as well as additional investments, will create a combined 30,000 manufacturing and construction jobs. President … Read more
[ad_1] Washington — Americans could lose access to TikTok within months if a bill that seeks to force its Beijing-based parent company ByteDance to sell its stake is signed into law. But the popular video-sharing app’s potentially swift demise depends on whether the bill can overcome a number of hurdles. Lawmakers have long tried to … Read more
[ad_1] Apple CEO Tim Cook on doing business in China Apple CEO Tim Cook on doing business in China 03:46 Beijing — Chinese state-backed experts have found a way to identify people who use Apple’s encrypted AirDrop messaging service, according to the Beijing municipal government. AirDrop allows users to send content to Apple devices in close … Read more
[ad_1] Shanghai — China’s first domestically built cruise ship set sail on its maiden voyage from Shanghai on Monday, a sign of the nation’s growing prowess in sophisticated construction as it seeks self-sufficiency in key technologies. The Adora Magic City left port on its first commercial cruise late afternoon, en route to South Korea and Japan. … Read more
[ad_1] Jimmy Lai, a media tycoon and champion of free speech and democracy, went on trial in Hong Kong Monday after a year-long delay in the proceedings. He’s been charged with several crimes, including colluding with foreign forces, but supporters around the world say his real offense has been criticizing China’s ruling Communist Party and … Read more
[ad_1] Huawei’s latest phone, the Mate 60 Pro, is generating buzz among tech aficionados in China. But in the U.S. the new device is spurring concern, along with an investigation by the U.S. Department of Commerce. At issue for American officials is the technology inside the Huawei phone, which reportedly includes an advanced 7-nanometer processor … Read more
[ad_1] Apple’s gold-plated stock suffered a rare setback this week, with the technology giant’s market value sinking roughly $200 billion amid reports that China is banning government employees from using iPhones. Apple shares fell 3% Thursday and are down more than 5% for the week, although they nosed up in early trading Friday. Despite that … Read more
[ad_1] Iran and Saudi Arabia were among six countries set to join Brazil, Russia, India, China and South Africa in the BRICS economic bloc from next year, the group announced Thursday, in a move that will likely throw more scrutiny on Beijing’s political influence in the Persian Gulf. The United Arab Emirates, Argentina, Egypt and … Read more
[ad_1] Whereas the U.S. continues to grapple with elevated prices, China is dealing with the opposite problem. In July, the world’s second largest economy slipped into deflationary territory, with consumer prices declining 0.3% from a year earlier. The decline in consumer prices sets China apart in more ways than one. In the post-COVID era, many … Read more