Tag: Chinas

US squeezes China’s biggest chip-maker SMIC

By Leo KelionTechnology desk editor image copyrightSMIC/Getty Images The US Department of Commerce has written to American suppliers of China’s biggest chip manufacturer, warning them of “unprecedented risks” that their products could be used by the Chinese military. The letter reminds the firms they must apply for licences to ship controlled items to Shanghai-based SMIC. But it does not appear… Read more →

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‘One day everyone will use China’s digital currency’

Image copyright Chandler Guo Image caption Chandler Guo at one of his cryptocurrency mines Chandler Guo was a pioneer in cryptocurrency, the digital currencies that can be created and used independently of national central banks and governments. In 2014 he set up an operation to produce one of those currencies, Bitcoin, in a secret location in western China. “Mining” Bitcoin… Read more →

China’s Star market aims to take on the Nasdaq

Image copyright Getty Images Image caption China’s Star market launched a year ago this week in Shanghai The Star market, China’s answer to the Nasdaq, celebrates its first anniversary this week. The tech-heavy stock market was set up at the request of President Xi Jinping as relations with the US began to sour. Officially called the Shanghai Stock Exchange Science… Read more →

Kweichow Moutai: ‘Elite’ alcohol brand is China’s most valuable firm

Image copyright Getty Images A drinks maker has become China’s most valuable publicly-listed company, overtaking the country’s biggest bank. Kweichow Moutai is a luxury spirit favoured by Chinese politicians and businesspeople looking to impress. The company’s share price has risen dramatically this year, pushing its value to new highs. Despite producing one of China’s most prestigious brands, few people will… Read more →