China 23 results

China Begins Stockpiling Chips, Chip-Making Machinery

Currently, many manufactures are dealing with a shortage of semiconductors, which are especially vital for tech manufacturing. China, dealing with both the current shortage and increasing tech bans from the U.S., is now taking steps to ensure it will have enough available domestically. Last year, Chinese companies bought nearly $32 billion of equipment for computer chip manufacturing from ...

Trump Strengthens Order Barring Investment in Chinese Firms

Since 2018, the Trump administration has been engaged in a trade war with China, due to disputes over issues like Chinese tech companies posing threats to American national security. These issues have continued well into and throughout 2020, and even as his term is set to end soon, the President is still taking steps to bolster his stance against China. On Monday, the administration strength...

Major U.S. Chip Supplier to Invest $200M In Taiwan

Taiwan has been a major hub for computer chip manufacturing for many American-based companies. Now, a major chip supplier is helping to keep this dominance running with a massive new investment. Entegris announced on Monday their plans to construct a new $200 million plant in Taiwan. Company president and CEO Bertrand Loy said that construction was slated to begin early next year and would be ...

Companies Will Continue to Move Supply Lines from China After Election, Experts Say

With the 2020 presidential election less than two weeks away, the economy and manufacturing have been important topics for both candidates. However, despite the difference they may have, experts like PwC Chairman Tim Ryan believes that one thing will remain the same: the shifting of supply lines out from China. Ryan noted that while it was President Trump’s trade war with China that drew ...

Trump Threatens New Tariffs On China

All 3 major indices took a dip Friday as President Trump threatened more tariffs on China in retaliation for the COVID-19 outbreak and Beijing's handling of information in the early stages of the pandemic. Trump has been quite candid about his concerns regarding China’s role in the COVID-19 pandemic’s origins and in statements made Thursday indicated that making sure there are appropriate ...

China’s March Exports Fall As Pandemic Goes Global

The COVID-19 is continuing to make its way around the globe after its outbreak in China late 2019-early 2020. However, while the country is over the peak of their infections, their economy is still struggling, as exports fell for the third month in a row. In March Chinese exports fell by 6.6% compared to the previous year, hitting $185.1 billion. However, this is an improvement compared to ...

Chinese Manufacturing Struggles to Rebound Amid Outbreak

As the coronavirus outbreak continues to spread through China and globally, the Chinese manufacturing sector has taken a massive hit. Despite efforts from those in Beijing to try and boost production, experts still claim it may take months for things to return to normal. In fact, most of the issues come not from the virus itself, but the measures put in place to fight it. China has begun ...

China to Offer Nearly 700 Tariffs Exemptions Amid Coronavirus

The coronavirus outbreak which has been spreading through China has sent ripples in the global economy. This outbreak has also occurred amidst the ongoing trade war between China and the United States. Now, the Chinese government is looking to find some relief. This past Tuesday, the country announced that it would allow importers to apply for exemptions on nearly 700 types of goods from the ...

Copper Prices Continue to Drop Due to Virus Concerns

The price of copper has continued to dip in response to the recent coronavirus outbreak. The resource, which is used by economists as a measure of overall global economic health, has seen it’s price dip by around 13% since mid-January. For 13 days straight, the prices have continued to fall to a low not seen since last September. Copper is a very important resource for a wide variety of ...

EU’s New Trade Commissioner Aims To “Reset” With U.S.

As trade negotiations between the United States and China continue, the European Union is also seeking to hash out their own trade disputes with the Trump administration. The new Trade Commissioner for the European Union, Phil Hogan, hopes that his efforts can potentially lead to a “reset” after nearly three years of continuing tariffs. The Trump administration has claimed its tariffs are ...