China says Micron chips pose a security risk
The China Cyberspace Agency investigates Micron After China’s cyber authority claimed that Micron Technology Inc.’s devices had failed cybersecurity tests, the company’s sales in a crucial market were put in…
Tesla raises prices in China.
The company raises prices on China’s best-selling premium models. It follows this week’s price increases by Tesla for the Model 3 and Model Y in China and other markets, including…
Volkswagen’s profit beats expectations.
The automaker aims to rebuild China with its lineup. In the first quarter, Volkswagen AG outperformed forecasts thanks to increasing shipments and robust demand in the US and Europe, which…
Taiwanese firms reduce their presence in China.
Taiwan’s new investment in China fell 10.4% in the first quarter. The newest indication of how escalating tensions between Washington and Beijing are altering global supply chains is the fact…
Iron ore price drops
Investors have experienced a smooth start to the peak of the construction season. Investors’ concerns over China’s poor steel demand and the reopening of a significant Australian port caused iron…
China’s AI stocks sink
State media sources advised officials to increase oversight of potential speculation. The Economic Daily stated on Monday (Apr. 10) that the ChatGPT concept industry has displayed “signs of a valuation…
China tests Micron chips.
Shares of the American chipmaker fell A major US memory chip manufacturer, Micron Technology Inc., has started an import cybersecurity evaluation, opening a new front in the ongoing US-China semiconductor…
China’s recovery is taking longer than expected.
China’s recovery is taking longer, so Citi is pushing back its stock rebound forecasts. As a result of China’s slower-than-anticipated economic recovery, Citi analysts have revised their projections for a…
JD.com stock fell
Quarterly revenue growth fell sharply compared to last year. JD.com Inc.’s stock price dropped after the company revealed a steep decline in year-end sales growth due to Chinese consumers’ spending…
ChatGPT sparks buying of Chinese stocks.
AI stock rises after lagging behind benchmarks The global buzz surrounding the ChatGPT tool has made its way to China’s stock market, sending stocks related to artificial intelligence skyrocketing after…