Archive for October 2nd, 2021

Huawei appeals Sweden’s ban on company for selling 5G gear

02-Oct-2021 Intellasia | Reuters | 6:37 AM

Huawei said on Friday it had filed an appeal against a ruling by a Swedish court in June that upheld a ban on the Chinese company for selling 5G equipment in the country. The [...] » More

Huawei hopes smart hospitals with 5G and AI can offset shrinking smartphone business

02-Oct-2021 Intellasia | AFP | 6:37 AM

A day after Meng Wanzhou, the chief financial officer of Huawei Technologies Co, returned to China with a hero’s welcome, the telecoms equipment maker organised a media [...] » More

China’s Guangdong slashes foreign investment barriers amid challenges from coronavirus pandemic, US tensions

02-Oct-2021 Intellasia | South China Morning Post | 6:37 AM

China’s southern Guangdong province, the nation’s biggest manufacturing hub, has loosened foreign investment barriers to attract more multinational companies, [...] » More

Beijing names Uygur Alken Tuniaz acting chair of Xinjiang amid provincial reshuffle

02-Oct-2021 Intellasia | South China Morning Post | 6:37 AM

Beijing has named Alken Tuniaz acting chair of the Xinjiang region in far western China, replacing Shohrat Zakir who is stepping down at age 68. Tuniaz, 59, was one of [...] » More

China owed $385bn    including ‘hidden debt’ from poorer nations, says report

China owed $385bn including ‘hidden debt’ from poorer nations, says report

02-Oct-2021 Intellasia | Theguardian | 6:37 AM

Researchers have identified debts of at least $385bn (GBP 286bn) owed by 165 countries to China for “Belt and road initiative” (BRI) projects, with loans [...] » More

China’s Guangdong to hike electricity prices amid power shortage

02-Oct-2021 Intellasia | ANI | 6:37 AM

Amid rising concerns over a power shortage in the country, China’s manufacturing powerhouse Guangdong Province said it will widen the “peak-to-valley” price [...] » More

China power crisis weighs on manufacturing activity, drops to lowest level since coronavirus outbreak

02-Oct-2021 Intellasia | South China Morning Post | 6:37 AM

Activity in China’s manufacturing sector contracted in September due to “low sentiment of high energy-consuming industries”, data released on Thursday [...] » More

China ‘willing to work’ with next Japanese prime minister Fumio Kishida, but watches cautiously to see if dove will turn hawkish

China ‘willing to work’ with next Japanese prime minister Fumio Kishida, but watches cautiously to see if dove will turn hawkish

02-Oct-2021 Intellasia | South China Morning Post | 6:37 AM

China has cautiously welcomed Fumio Kishida’s election as the new leader of Japan’s ruling Liberal Democrats, a victory that paves the way for the former foreign [...] » More

Blinken denounces jailings after China frees Canadians

Blinken denounces jailings after China frees Canadians

02-Oct-2021 Intellasia | AFP | 6:37 AM

US Secretary of State Antony Blinken said Thursday that the alleged taking of prisoners for political purposes was “totally unacceptable” after China released two [...] » More

China most active country in stalling NGOs applications at UN: Expert

02-Oct-2021 Intellasia | ANI | 6:37 AM

China is the most active country in stalling NGOs applications at the United Nations even if the organisations engage in the most innocuous and uncontroversial activities, an [...] » More

China power crisis: Guangdong raising electricity prices for industrial users by 25 per cent in peak hours

02-Oct-2021 Intellasia | South China Morning Post | 6:37 AM

As a power crisis continues to pummel China, its southern manufacturing hub of Guangdong province is raising electricity prices as much as 25 per cent during peak-demand [...] » More

State-owned FAW Jiefang pledges to invest $4.6 billion building electric vehicle research bases, zero carbon-emissions factory

02-Oct-2021 Intellasia | South China Morning Post | 6:37 AM

FAW Jiefang, the commercial unit of China’s oldest carmaker, has upped the ante in the eco-friendly vehicle segment by pledging to spend 30 billion yuan (US$4.6 [...] » More

Chinese onshore stocks outrank offshore securities traded in HK, New York as top choice for global funds, Invesco survey shows

02-Oct-2021 Intellasia | South China Morning Post | 6:37 AM

China’s onshore stocks remain a top option for global investors who see a resilient growth outlook in the world’s second biggest economy, according to a survey [...] » More

China orders energy firms to secure supplies amid power crisis: report

02-Oct-2021 Intellasia | AFP | 6:37 AM

China’s top state-owned energy companies have been ordered to ensure there are adequate fuel supplies for the approaching winter at all costs, a report said on Friday, [...] » More

China hikes 2021 rare earth quotas by 20pct to record highs

02-Oct-2021 Intellasia | Reuters | 6:37 AM

China hiked its annual rare earth output quotas on Thursday by 20 percent year-on-year to their highest levels on record, as it seeks to ease tight supply for manufacturers. [...] » More