US lawmakers probe Chinese role in Ford’s Michigan battery plant. Four Chinese firms face scrutiny for involvement in design and construction. Concerns rise over foreign influence amid US-China tensions. US House committee chairs, Mike Gallagher and Cathy McMorris Rodgers, have called on the Biden administration to investigate four Chinese companies linked to Ford Motor’s upcoming … Read more
Special Assistant to Prime Minister on China Pakistan Economic Corridor (CPEC) Khalid Mansoor on Friday said that Prime Minister Imran Khan has interacted with a variety of Chinese state-owned and private companies which expressed the desire to establish a $3.5 billion reprocessing park in Gwadar and a $350 million textile cluster near Lahore. Khalid Mansoor, … Read more
BEIJING: Beijing has tightened the rules on overseas listings by Chinese firms in a series of new regulations that increase scrutiny of companies seeking to raise funds on foreign stock markets. China has stepped up scrutiny of major overseas listings after a controversial New York IPO by ride-hailing giant Didi Chuxing went ahead this year, despite … Read more
BEIJING: The National Bank of Pakistan (NBP) is ready to facilitate the Chinese companies relocate their businesses and industrial units to Pakistan under the China-Pakistan Economic Corridor (CPEC) framework, a bank official said. “As we are about to enter into the second phase of CPEC, which is more focused on industrial cooperation, we are again … Read more
BEIJING: A delegation from the China Petroleum Pipeline Engineering Company (CPP) and China Zhenhua Import and Export Company called on Pakistan’s Ambassador to China Moin ul Haque at the embassy. Led by Qi Huang, general manager of CPP, and comprising senior executives from China Zhenhua, the delegation discussed their plan to invest in the development … Read more
RIYADH: Saudi Arabia announced on Wednesday that it will cooperate with Chinese firms over the digital transformation in the kingdom. During an event held in the Saudi capital of Riyadh, the kingdom announced the establishment of the Saudi-Chinese eWTP Arabia Capital Fund to support Saudi’s emerging technology companies. With a capital of 1.5 billion Saudi … Read more
China has accused the United States of “suppressing” Chinese companies and threatened retaliation after US President Joe Biden expanded the list of blacklisted companies to prevent Americans from investing in Chinese companies. According to the report, Joe Biden extended the list to 59 Chinese companies two days ago, which are out of the reach of … Read more
The Republican lawmakers in the United States wanted to expand the limitations against the export of chip-making tools to China. As per reports, this action arrives after the US government recently added seven new Chinese supercomputing-based entities to its trade blacklist. Michael McCaul of Texas, the top Republican on the House Foreign Affairs Committee, and … Read more
Countries across the world are suffering from a global chip shortage which affected many firms in the world. According to the reports, this global chip shortage finally hits China’s home appliance industry. Chinese company “Midea Group” stated that, Chinese home appliance sector is now also suffering from a global shortage. The firm added that the … Read more
The Government of Japan has made it clear to the Trump administration that it will not be joining the US plan to bar China from telecommunications networks. According to the details, the local media of Japan reported that Tokyo has denied joining the US plan to exclude Chinese firms from telecommunications networks. The U.S. State … Read more
