trade
12/05/2024
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By Arsenio Toledo
TRADE WAR: China bans export of raw materials to U.S. for high-tech and military applications
The Ministry of Commerce of the People’s Republic of China (PRC) has announced a ban on exports to the United States of several raw materials that could be manufactured for high-tech and military applications. Among the raw materials that were banned were gallium, germanium and antimony. The Commerce Ministry announced the move after Washington, D.C. expanded […]
07/10/2023
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By Arsenio Toledo
China enacts export restrictions on two crucial metals amid escalating trade war with US
China has just instituted massive export restrictions on two metals – gallium and germanium – necessary for the manufacturing of crucial technologies. According to a notice by China’s Ministry of Commerce and General Administration of Customs, the export controls will come into effect on August 1. These restrictions also include several of their compounds. The communist nation said […]
10/31/2021
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By Virgilio Marin
China’s electronic money may bring surveillance state to private wallets worldwide
Experts warn that China’s emerging digital currency can extend the country’s surveillance activities into public and private wallets worldwide and undermine the dollar’s status as the currency of choice for global business. The Chinese Communist Party (CCP) is currently developing a digital yuan, a national digital currency that can only be owned and transacted by using computers or electronic wallets connected […]
10/16/2021
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By Virgilio Marin
South Korea to spend $450 billion in bid to become world’s leading chipmaker
South Korea plans to spend $450 billion to build the world’s biggest chipmaking base over the next decade. This is part of an overarching plan called the “K-Semiconductor Belt Strategy” which aims to make the country the world’s leading chipmaker. With this strategy, South Korea joins the U.S., China and Europe in a global race to dominate the semiconductor industry following […]
02/19/2021
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By Franz Walker
SWIFT joint venture with China’s Central Bank to internationalize digital yuan
A joint venture is reportedly in the works between SWIFT, the world’s largest electronic payment messaging system, and the department in charge of China’s proposed central bank digital currency. The move is being used as a sign that Beijing is exploring the global use of its planned sovereign digital currency, aiding in its desire to […]
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