US chip-export ban throws wrench into China AI works

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Server racks with telecommunication equipment in a server room. Photo: iStock

The development of China’ s artificial intelligence sector is anticipated to be slowed in the coming few years with the United States’ brand new ban on exports of several sophisticated chips made by -nvidia and AMD, say Chinese IT specialists. Nvidia said last Friday it had been informed from the US government that it must stop conveying […]

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Upsides, downsides to welcoming digital nomads

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Should your community welcome digital nomads – individuals who work remotely, allowing them freedom to bounce from country to country? Our research has found that workers are eager to embrace the flexibility of not being tied to an office. And after experiencing economic losses due to the Covid-19 pandemic, cities and countries are concocting ways […]

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China waiving African debt isn’t about refinancing

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In mid-August, China’s Ministry of Foreign Affairs produced news with a series of announcements. Wang Yi, Beijing’s most senior diplomat, promised intensive debt relief for some from the world’s poorest nations. The announcement has been made at the ministerial meeting of the Forum for China Africa Cooperation. In addition to raising food assistance to the continent, […]

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On Labor Day, a mixed review of US unions’ role

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Anyone who has ever glanced at a dictionary sees that a word can have more than one definition. The English word “ labor, ” for example , evokes work in a few contexts (“ labor of love” ) and unions in others (“ labour leader” ). The particular American holiday called Labor Day demonstrates the word’ t fluidity. The holiday was created at the urging […]

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How to make EVs without China’s supply chain

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Two electrifying moves in recent weeks have the potential to ignite electric vehicle demand in the United States. First, Congress passed the Inflation Reduction Act, expanding federal tax rebates for EV purchases. Then California approved rules to ban the sale of new gasoline-powered cars by 2035. The Inflation Reduction Act extends the Obama-era EV tax […]

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China’s energy crisis pushes shift from green to coal

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Two months of scorching heatwaves plus drought plunged Tiongkok into an energy security crisis. The southwest province of Sichuan, for example , relies on dams to generate around 80% of its electricity, with growth in hydropower crucial for China and taiwan meeting its net-zero by 2060 emissions target. Sichuan suffered from power shortages right after low rainfall and extreme […]

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US-China audit agreement not yet a done deal

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China and the United States have signed an agreement to solve the accounting disputes of US-listed Chinese firms but both sides have different understandings of the approach of cooperation. The United States’ Public Company Accounting Oversight Board (PCAOB), the China Securities Regulatory Commission (CSRC) and China’s Ministry of Finance last Friday signed a statement of […]

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Thailand grapples with allowing more Chinese landowners

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Thailand has been a popular expatriate destination for investment and retirement for decades, yet foreign land possession has long been restricted. Foreigners can own a maximum of 49% of any kind of condominium development and so are restricted from owning most freehold properties. Yet Thailand will be keen to attract wealthy international investors — particularly these from China. Thailand’s […]

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Huawei’s profits collapse as US sanctions bite

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Huawei Technologies, the particular Shenzhen-based telecommunication products maker, has introduced a change in business strategy to focus more on the results than generating revenue after its net margin declined by almost 50% in the 1st half of 2022 when compared to same period a year ago. Huawei’s founder, Chief Executive Ren Zhengfei, wrote in an internal […]

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Japan, Korea defy US with big Russian energy deals

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SEOUL – US-led efforts to reduce and contain Russia’s energy-centric economy experienced their latest blows yesterday – produces dealt by its two leading East Asian allies. Within the latest sign from the unwillingness of US-allied capitals to sever energy ties along with Russia, South Korea and Japan are usually, respectively, entering plus maintaining energy works with Russian […]

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