Latest news with #ChineseCompanies
Tahawul Tech
a day ago
- Business
- Tahawul Tech
Hybrid AI Advantage Archives
"The US and other allies are also taking stronger measures to block Chinese companies' access to advanced chipmaking equipment and AI chips". Learn more about these Taiwanese tech blockades below. #Taiwan #China #AIChips #tahawultech
Tahawul Tech
2 days ago
- Business
- Tahawul Tech
MOBA games Archives
"The US and other allies are also taking stronger measures to block Chinese companies' access to advanced chipmaking equipment and AI chips". Learn more about these Taiwanese tech blockades below. #Taiwan #China #AIChips #tahawultech
South China Morning Post
2 days ago
- Business
- South China Morning Post
Chinese companies can spearhead a new wave of globalisation
At a recent Singapore conference on Chinese companies going global , I spoke on deglobalisation and the emerging contours of Globalisation 3.0. Perhaps more than ever, we need to look ahead to new ideas and concepts to tackle whatever the future holds. Advertisement When China started its reform and opening up in 1978, its economy, shaped by autarkic experience and self-reliance, was still 'in China for China'. In tapping world-changing market forces, the economy entered a period of 'in China for the world' as the country was recast as the world's factory. Increasingly complex value-adding industries lifted 800 million out of poverty and boosted the material wealth of our modern world. By 2020, China accounted for 35 per cent of the world's gross industrial output. Yet trade wars – which started in the first Trump administration in the United States – have once again realigned global dynamics. In today's world, it's no longer enough to do it better and more cheaply. Globalisation is entering a new era. Multipolarity is back. 'De-risking' and instability have seen companies face a new period of uncertainty and transformation. With the rise of trade barriers, tariffs and geopolitical fragmentation, Globalisation 3.0 will increasingly be digitally driven and regionally oriented. Chinese businesses urgently need to adjust their strategies and accelerate the pace at which they go global. Advertisement This means shifting from an export-driven growth model towards one characterised by a global presence, overseas investments and cross-border industrial coordination. In other words, we need a strategy for the Chinese economy to be 'in the world, for the world'. Chinese companies must go global, distributing their value chains and production systems across countries to serve international customers.
Bloomberg
2 days ago
- Business
- Bloomberg
China to Relax Urea Export Ban, Easing Global Price Pressure
China is loosening its ban on urea exports, a move likely to ease surging international prices that have been buoyed by tension in the Middle East. Limits on exports of the fertilizer will be loosened from this month, according to people familiar with matter. However, Chinese companies will still be subject to quotas and, in some instances, minimum prices for shipments, said the people, who asked not to be named as they're not authorized to talk to the media. Exports to India will still be restricted, they said.
Free Malaysia Today
3 days ago
- Business
- Free Malaysia Today
Malaysian glove makers to gain as EU targets China
The European Union accounts for almost 30% of Malaysia's total glove exports. PETALING JAYA : Malaysian glove makers are likely beneficiaries of the European Union's move to exclude Chinese companies from public tenders for medical devices, including gloves, valued at over €5 million (RM24.6 million). CIMB Securities said the exclusion could result in stronger demand from EU buyers seeking alternatives to China-sourced gloves. The EU's move is a response to its finding that EU companies do not have fair access in China as Chinese tenders have been heavily biased towards local suppliers with artificially low bids, the research house said. 'This will limit Chinese companies' access to approximately €150 billion (RM738.9 billion) annually in EU public spending within this segment. 'While tenders exceeding €5 million accounted for only about 4% of total tender count in 2023, they represented around 60% of total tender value,' it said in a note today. The EU is a strategically important market for local glove manufacturers. The bloc was Malaysia's second-largest glove export market by region in 2023, accounting for an estimated 28%–30% of Malaysia's total glove exports, said CIMB. The potential increase in demand would be an added boost for the local glove sector on top of expected expansion in the US rubber-glove market, it added. However, CIMB expects any rise in EU demand for gloves from other countries, including Malaysia, to be short-term – three-to six months at best, as the EU and China have expressed willingness to negotiate. This issue would likely be a topic of discussion during the EU-China Summit scheduled for next month. 'While we anticipate potential near-term share price re-ratings for glove stocks following this announcement, we expect Chinese glove makers to pursue workarounds, such as leveraging EU-based trading partners, or exporting from manufacturing facilities outside China,' it noted. CIMB has maintained its 'neutral' recommendation on the glove sector because of persistent challenges. This includes a 'difficult operating environment' with low sales demand, and higher costs due to the recent rise in the sales and service tax and minimum wage.
