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While China and the US have resumed communication in various fields, Washington's containment of China in the high-tech sector is unchanged, with the US House…
Nvidia, Intel, and Micron summoned to testify before Congress by the House of Representatives' China committee, causing stock prices to drop. This increased scrutiny comes as the committee focuses on tech giants with ties to China and their potential political pressure. These companies rely heavily on China for revenue, but the US government is tightening export restrictions on AI chips, impacting them. The move reflects efforts to scrutinize US companies with operations in China, with implications for the upcoming election.
WASHINGTON: The top Republican and Democrat on the US House of Representatives' China committee on Thursday (Jan 4) asked the Biden administration to consider adding China's Quectel Wireless to a list of Chinese military companies. Inclusion on the Treasury Department list would bar US entities from buying
WASHINGTON: The top Republican and Democrat on the US House of Representatives' China committee on Thursday (Jan 4) asked the Biden administration to consider adding China's Quectel Wireless to a list of Chinese military companies. Inclusion on the Treasury Department list would bar US entities from buying
David Mahon says despite considerable challenges, the Chinese economy is recovering, and will offer the strongest and most investible market for the rest of the decade