1.US Approves equipment exports to S. Korean chip factories in China The Biden administration has granted Samsung Electronics and SK Hynix permission to acquire the necessary equipment to maintain and grow their chip-making operations in China. This move provides these companies, the world’s largest memory makers, an indefinite waiver from the broader restrictions that previously […]
1.Chinese train tickets were fully sold within a second for National Day holiday This year, the Mid-Autumn Festival and National Day holiday will span eight consecutive days from 29th September to 6th October. On Friday, 15th September, the sale of train tickets for the Mid-Autumn Festival on 29th September will officially commence. As per the […]
1. While China’s trade falls in July, year-to-date figures remains stable In July, China’s imports and exports were USD 482.92 billion, down 13.6%. Exports were USD 281.76 billion, down 14.5%; imports were USD 201.16 billion, down 12.4%. The trade surplus was USD 80.6 billion, narrowing by 19.4%. In local currency terms, the results do look better. […]