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The coordinated cyberattacks have been blamed on Chinese hacking groups APT 31 and APT 27 by Russian cybersecurity outfit Kaspersky
The PBOC has opened a new front, following wars fought against speculators and unwelcome price moves in China's stock and currency markets
Companies in China have been testing cargo drones that can carry loads of up to 2 tonnes, while helicopter taxis are planned near Shanghai
A 5.3 tremor rocked Tokyo on Friday, a day after a 7.1 quake shook Kyushu and sparked a national emergency warning. Kyushu is home to chip plants run by Sony and TSMC, but damage was believed to be limited
Some 73 companies are now on the US blacklist. New additions include Rare Earth Magnesium Technology Group in Hong Kong and Century Sunshine Group, which make magnesium fertilizer and alloy products.
SMIC lags behind rivals in its advanced chip production capabilities, which observers say could limit its ability to fully capitalise on the AI boom
The Federation of Thai Industries has warned that cheap Chinese imports are killing local manufacturers, with hundreds of firms forced to close every month in the first half
Over half of all vehicles sold in China last month were either new pure electric vehicles (EVs) or plug-in hybrids, industry data has revealed
Russia and China are looking at bilateral barter deals, as a way to avoid use of international banking systems, which can be monitored, trade sources say
As well as market volatility, investors were also spooked by the prospect of Donald Trump’s possible return to office and a likely US-China trade war
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Southeast AsiaCan Singapore Oust Hong Kong To Be Asia’s Fintech Leader? -
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With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors
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PaymentsCan China Take Place of SWIFT System? Analysts Say ‘No’There is no global payment system that is strong enough to act as an alternative to SWIFT and enable Russia to evade sanctions
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MarketsChina Becomes World’s Second-Biggest Bitcoin Mining HubThe Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.
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Market InsightsHere’s How China Can Win the Tech War With USAThe Chinese government is doubling down on incentives for innovation, which it believes to be the cornerstone of its future growth and international position.
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Fintech InsightsAsia Becomes the Epicentre of Global NFTsAsia is the frontrunner in the NFTs craze with Central and Southeast Asia accounting for 35% of the $22 billion in global trade
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