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Nvidia's Key Market China Wants To Beat US Embargo, Boosts Chipmaking Machinery Imports by 14%

In 2023, China witnessed a significant 14% increase in imports of chipmaking machines, reaching nearly $40 billion, despite a general decline of 5.5% in total imports. This surge, one of the largest since 2015, reflects Chinese chip companies’ efforts to build new semiconductor factories and boost national capabilities amidst U.S.-imposed export controls. These restrictions have hampered Chinese access to advanced chipmaking machinery, slowing the development of the country’s high-tech sector, B ....

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Alibaba Shares Tumble Wednesday

Alibaba Group Holding Limited (NYSE:BABA) and other Hong Kong stocks plummeted to a 14-month low Tuesday following a report on China’s economic growth falling short of expectations and declining home prices. The Hang Seng Index dropped 2.8% to its lowest point since November 2022, marking the steepest one-day decline in six months. The broader indexes IShares China Large-Cap ETF (NYSE:FXI) and KraneShares Trust KraneShares CSI China Internet ETF (NYSE:KWEB) fell 3% – 4% Tuesday. Alibaba stock fe ....

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