Hints and tips:
Related Special Reports
...Huawei’s 7nm Ascend 910b chip is considered by analysts and industry experts to be among the most promising alternatives to Nvidia’s market-leading AI processors....
...Even with the waiver, South Korean chipmakers will not be able to import extreme ultraviolet (EUV) machines required to produce the world’s most advanced memory chips....
...The other is made up of two European subsidiaries of the Chinese state-backed power company Shanghai Electric....
...Exports rose 334 per cent to 243,000 cars. The group reported margins for its auto business of 23.02 per cent last year, 2.63 percentage points higher compared with the previous year....
...Some experts also point out that nearly one-third of Chinese EV exports last year were cars that Tesla, a US company, produced at its factory in Shanghai....
...The commission is also proposing tighter national controls on investments and exports....
...Longer term, the industry has called on the UK and EU to open discussions on legally relinking their carbon markets, avoiding the need for CBAM on Britain’s exports to the EU....
...The Hague is pressing Brussels to co-ordinate export controls after being isolated last year....
...Last year China overtook Japan as the world’s biggest auto exporter, with data from Shanghai-based advisory firm Automobility showing Chinese auto exports have nearly quintupled since 2020 to approach 5mn...
...As a result of western sanctions, Russia has become dependent on China not only as an importer but also as the main customer for its exports....
...Following the export ban, billions of dollars have poured into the Indonesian nickel industry, particularly from Chinese mining groups....
...A European Commission investigation of Chinese imports may lead to higher tariffs on cars coming in. But European carmakers say this may not be enough....
...With European carmakers set to increase imports of cheap Chinese batteries amid a supply glut in China, analysts at UBS project that Chinese battery companies’ market share in the EU will increase from 30...
...The source of China’s predicament can be traced to Europe where the EU — one of its key export markets — has imposed the world’s first ever tax on emissions of carbon-intensive imports starting with cement...
...But for its developed country trading partners, the prospect of China’s low-cost imports flooding their markets and wiping out jobs in important industries such as the automotive sector and solar and wind...
...Brussels argues that its car industry is being harmed by artificially cheaper imports. The EU’s recent decision to limit silicon chip technology exports has also stoked tensions....
...Tesla already exports electric cars to Europe from its Shanghai gigafactory, although those numbers might fall following the opening of a facility in Berlin last year, said analysts....
...BYD took about a 37 per cent market share of China’s EV sales in the first seven months of 2022, reflecting year-on-year sales growth of 75 per cent, according to data from Shanghai consultancy Automobility...
...Last month it announced a preliminary restructuring deal with the Export-Import Bank of China, but is yet to agree terms with other creditors such as India, Japan and France....
...Exports to the EU were one of the great hopes for the industry after the US limited access by levying heavy tariffs on Chinese car imports while offering subsidies for domestically produced EVs....
...Property investment fell 7.9 per cent year on year in the first half of 2023, while metrics from retail sales to exports have disappointed expectations. JPMorgan declined to comment....
...Albanese — who has been dubbed “Airbus Albo” by local media for his globetrotting schedule — begins a three-day state visit with a trade show in Shanghai on Saturday....
...“So now we have to simply acknowledge [how we co-operate] in a world with different systems.”...
...The editorial team can be reached at techasia@nex.nikkei.co.jp....
...Applied Materials said in a statement to newswires that it “is co-operating with the government and remains committed to compliance and global laws, including export controls and trade regulations”....
International Edition