President Xi Jinping has shifted focus towards private sector giants such as BYD, Huawei, and Alibaba to boost China’s technological self-reliance amidst the ongoing technology war with the U.S. This move highlights a significant change in the Chinese leadership’s perception of the private sector’s role in economic growth. Source link
BEIJING: China‘s government accused Washington on Tuesday of pursuing “technology hegemony,” as the United States has begun stepping up pressure on tech giant Huawei by blocking access to American suppliers. The Biden administration has stopped approving renewal of licenses to some U.S. companies that have been selling essential components to the Chinese company, according to … Read more
China which is already suffering from a poor image in corporate ethics, has hit another blow as Chinese companies have violated the laws of the land in Bangladesh causing loss to the exchequer. Bangladesh authorities have found that a Chinese company China Road & Bridge Corporation (CRBC), a subsidiary of China Communications Construction Company (CCCC) … Read more
The move follows border tensions between India and China in which 20 Indian soldiers were killed. India had in April made prior government clearance mandatory for all Chinese foreign direct investment. SynopsisThe move largely directed at Chinese companies makes prior registration with Competent Authority mandatory for any bidder from these countries before they apply for … Read more