SHENZHEN, China (Reuters) - Chinese budget phone maker Honor has signed partnerships with major chip suppliers such as Intel and Qualcomm after being spun off from under-fire parent Huawei Technologies in a bid to save it last year, it said on Friday.
Huawei had sold Honor to a consortium of 30 of the sub-brand s agents and dealers in November to help it resume sourcing components restricted by U.S. sanctions. As Chief Executive George Zhao launched its first phone model since the split, Honor said in a statement it now has its own deals with some tech firms. These include AMD, MediaTek, Micron Technology, Microsoft, Samsung, SK Hynix, and Sony.
22 January 2021
Authors: Nguyen Khac Quoc Bao and To Cong Nguyen Bao, UEH
A surge in exports is a major factor in 2.91 per cent GDP growth that Vietnam experienced in 2020. Strong trade and economic growth are a result of the country’s successes in controlling COVID-19 and the rapid execution of balanced support packages for its economy.
There was a record overall trade surplus of US$19.1 billion in 2020. The United States and China are the two largest export markets, by 24.5 per cent and 17.1 per cent respectively over this period, with total trade of US$76.4 billion and USD 48.5 billion. Vietnam’s exports to the United States are soaring, with a trade surplus of US$62.7 billion compared to US$10.5 billion in 2010 whereas Vietnam still has a trade deficit with China at US$35.4 billion.
BEIJING, Jan 20 Jack Ma, the billionaire founder of Chinese internet behemoth Alibaba, made his first public appearance in over two months in an online video today, ending weeks of speculation about his whereabouts. Ma one of China’s richest people with a fortune estimated at around US$58.
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Liu Zheng/The Associated Press
China imposed sanctions on nearly 30 former Trump administration officials moments after they left office on Wednesday.
In a statement released just minutes after President Joe Biden was inaugurated, Beijing slapped travel bans and business restrictions on Trump’s secretary of state, Mike Pompeo, national security adviser Robert O’Brien and U.N. ambassador, Kelly Craft.
Economist sees ‘partial recovery’ in the relationship and more cooperation under new US leadership, while business group warns of the damage that could be caused by a further escalation in tensions.