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PricewaterhouseCoopers (PwC), one of the four largest global accounting firms, is expected to face a fine of at least 1 billion yuan (US$138 million) in China as it stands accused of overlooking misconduct by the collapsed China Evergrande Group for more than a decade.
Semiconductor Manufacturing International Corp (SMIC), the world’s third largest chip-foundry after Taiwan’s TSMC and South Korea’s Samsung, is reportedly struggling to increase the production yield of an artificial intelligence (AI) chip for Huawei Technologies.
The Chinese government is expected to unveil tax and fiscal reforms next month that will allow local governments to explore new tax sources to offset their losses in land sales revenue.
Beijing has expressed serious concerns following Washington’s proposal of a set of detailed rules that would restrict and monitor United States investments in China for artificial intelligence, semiconductors and quantum computing.
The Biden administration should strengthen its sanctions and export controls against China, which at present aren’t strong enough to stop Chinese firms from shipping dual-use products to Russia and accessing American technologies, according to a Trump-era US trade official who was known as a “China hawk.”
The United States is stepping up its efforts to prevent China from accessing advanced chip technologies that can make gate-all-around (GAA) transistors and high-bandwidth memory (HBM) chips.
China has launched an anti-dumping investigation into pork imports from the European Union after the bloc decided to impose new tariffs on Chinese electric vehicles.
The European Union’s new tariffs imposed on Chinese electric vehicles (EVs) will not greatly impact imports from China, according to the view of a former general counsel of the Office of the United States Trade Representative (USTR).
The Chinese government says the recent stabbing of four Americans by a man in northeast China’s Jilin province is an isolated case and hopes the attack will not affect normal people-to-people exchanges between China and the US.