Business

US ban worries cloud China’s hopes for chip self-sufficiency

By Reuters, published by US News Shanghai/Hong Kong – Shares of China’s SMIC <0981.HK> fell by over a fifth today (Sept. 7) after news of potential US sanctions against the chipmaker, wiping about HK$31 billion ($4 billion) off its market value and prompting analysts to predict doom if a ban is implemented. On Friday, Reuters

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India bans 118 Chinese apps in new backlash over border dispute

By Channel NewsAsia New Delhi: India today (Sept. 2) banned 118 Chinese apps as it stepped up economic hostilities over an increasingly bitter border showdown between the giant neighbours. The Information Technology Ministry said the apps – including services provided by China Internet giant Tencent – promoted activities “prejudicial to sovereignty and integrity of India,

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US orders China to close consulate in Houston — China vows retaliation

By agencies, published by Channel NewsAsia Copenhagen: The US State Department said today (July 22) that the closing of China’s consulate in Houston was to protect Americans’ intellectual property and private information, a move that has further strained the already tense relations between the world powers. Spokeswoman Morgan Ortagus said that under the Vienna Convention,

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Three Indian soldiers killed in clashes along border with China in the Himalayas

(CNN)Three Indian soldiers were killed during a “violent face-off” with Chinese troops along the countries’ de facto border in the Himalayas late Monday (June 15), the Indian army said in a statement. The incident occurred during a “deescalation process” underway in the Galwan Valley in the disputed Aksai Chin-Ladakh area, where a large troop build

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Xi urges preparedness for military combat amid coronavirus epidemic

Reuters and published by Msn.com Beijing (Reuters) – President Xi Jinping said today (26.5.2020) China would step up its preparedness for armed combat and improve its ability to carry out military tasks as the coronavirus pandemic is having a profound impact on national security, state television reported. China’s performance in fighting the new coronavirus has

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Indian media report Chinese military build-up along the Himalayan border

THE border tensions between China and India have escalated once again, after hundreds of Chinese troops crossed into Indian territory. Soldiers of the Chinese People’s Liberation Army (PLA) breached the Indian border at multiple locations in the northern Himalayan region of Ladakh, Legal Insurrection news website quoted Indian media as saying on Saturday, May 23,

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