Page 4 - Chinese Companies

Chinese telecom equipment maker ZTE begins layoffs across departments

The job cuts will also reportedly impact senior employees who have worked for the company for more than 10 years

US Air Force opposes Chinese company's corn plant for North Dakota

The U.S. Air Force has told North Dakota leaders that it believes a Chinese company's plans to build a wet corn milling plant near its Grand Forks base poses a significant threat to national security, prompting city officials to say they'll move to stop a project once touted as an economic boon. The Fufeng Group's planned $700 million facility would be 12 miles (19 kilometers) from the Grand Forks Air Force Base, a location that triggered some local concern about potential espionage. Gov. Doug Burgum and U.S. Sens. John Hoeven and Kevin Cramer all Republicans pressed the federal government in July to expedite a review of any security risk. U.S.-China business ties have become strained amid growing tensions between the two countries over security and trade issues, which often overlap. China on Monday criticized U.S. controls on technology exports as a trade violation. Fears over spying have led the U.S. armed forces to prohibited the Chinese-owned app TikTok on military devices, and

Explained: Why Chinese electronics companies are getting a break in India

A small policy relaxation outside the rubric of Press Note 3 is designed to help global and domestic electronics manufacturing build a local supply chain ecosystem

China introduces IceBurial tech amid rising number of Covid deaths

Amid the rising number of deaths in China due to COVID-19, it has introduced IceBurial technology which covers first-hand info and unique insights about China and the Chinese Communist Party

Global wealth, Indian business

Comparing India and China's Fortune 500 performance may not be entirely fair, but it offers some thought-provoking facts at a time when India is flaunted as the only decent economic game in town

Govt yet to approve BIS certificates for 160 Chinese toy companies

The delay has been mainly due to the disruptions caused by the Covid-19 pandemic in China

160 Chinese firms yet to be issued certificate for selling toys in India

The government on Friday said it has not yet issued a mandatory quality certificate to around 160 Chinese companies for selling toys in India, and the delay is due to the COVID-19 pandemic. From January 2021, India has made it mandatory to get the quality certification mark of 'ISI' from the Bureau of Indian Standards (BIS) for the sale of toys in the country. "Around 160 Chinese toy companies have applied for the BIS quality certification in the last two years. We have not yet issued to them in view of the COVID-19 pandemic," BIS Director General Pramod Kumar Tiwari told reporters. Normally, the BIS quality certification is issued after an inspection of the factories. Due to the pandemic restrictions and health concerns, the BIS officials could not visit China, he said. "Neither they invited us for inspection nor we could visit China because of the pandemic," Tiwari said. In the last two years, Tiwari said the BIS has granted the quality certificate to 29 foreign toy makers, out

Jack Ma's Ant wins approval to raise $1.5 bn capital for its consumer unit

The deal resolves a key hurdle for Ant as it seeks to meet requirements from regulators following a crackdown on its business after its record initial public offering was torpedoed in 2020

Zero Covid-19 deaths, says China, but panic spreads across globe

Dozens of hearses queue outside Beijing crematoria; firms suffer supply snags, demand falls as cases spread

US puts 3 dozen more Chinese companies on trade blacklist: Report

The move signals a hardening of US efforts to prevent China from acquiring advanced technologies

27,000 Vivo phones held by DRI over suspected violations released

The shipment, worth nearly $15 million, is unlikely to be exported as the packaging of many of the phones was damaged and the devices were switched on to check unique ID numbers, the people said

China proposes tough penalties for unfair practices adopted by tech firms

The move is another regulatory response to big tech companies' use of market dominance and advanced technology to undermine competition

Dixon to Lava, Indian firms in JV talks with Chinese electronics players

Eligible companies under the PLI scheme say they are unable to meet their production targets because of supply chain challenges

Two Chinese officers charged in plot to obstruct Huawei probe in US

Two men suspected of being Chinese intelligence officers have been charged with attempting to obstruct a US criminal investigation and prosecution of Chinese tech giant Huawei, according to court documents unsealed Monday. The two men, Guochun He and Zheng Wang, are accused of trying to direct a person with the US government whom they believed was a cooperator to provide confidential information about the Justice Department's investigation, including about witnesses, trial evidence and potential new charges. One of the defendants paid about USD 61,000 for the information, the Justice Department said. The person the men reached out to began working as a double agent for the US government, and his contacts with the defendants were overseen by the FBI. At one point last year, prosecutors say, the unnamed person passed to the defendants a single-page document that appeared to be classified as secret and that contained information about a purported plan to charge and arrest Huawei ...

Secretive Chinese chip startup may help Huawei circumvent US sanctions

The Chinese technology giant is providing support to a startup in its hometown of Shenzhen that has ordered chipmaking equipment -- including from foreign suppliers -- for a semiconductor manufacturin

Special cell to hear cases against CAs for registering Chinese shell firms

When asked what action can be taken against CAs who are found guilty, Debashis Mitra said they could be removed from their post for as long as their lifetime

UP Police unearths Rs 4,200 cr frauds linked to Chinese operators

The Uttar Pradesh Police's cyber crime wing has unearthed pan-India frauds to the tune of Rs 4,200 crore linked to criminals based in China, a senior official said on Friday. Police have tracked connection in frauds related to crypto trading, instant loan lending apps and fake job advertisements through bulk SMSes to China, UP Cyber Crime Superintendent of Police Triveni Singh said. Police had earlier this year found a link of China-based operators in cheating of crores of rupees from people across India through instant loan lending apps and part-time job offers in leading companies, he said. "We had earlier detected a scam worth around Rs 3,000 crore linked to China. But now their connection has also been established in frauds on the pretext of crypto currency trading through bogus and fake websites," Singh told PTI. "These people now created fake websites and apps for crypto trading and lure people into investing money in return for huge profits. But in reality whatever profits t

From iPhone maker to VW, China factories enter bubbles over Covid outbreak

The German automaker's factory, jointly operated with its local partner China FAW Group Co., entered a so-called "closed loop system" Thursday evening to maintain production

EV manufacturer BYD to drive in maiden e-SUV in India by end of year

BYD, which overtook Tesla this year as the world's largest EV maker, would assemble the upcoming model at Sriperumbudur near Chennai

Chinese factories flock to Mexico in a bid to avoid Trump-era tariffs

Chinese factories have flocked to areas of Mexico that border the United States in a bid to avoid tariffs imposed under the Trump administration running into millions of dollars, Nikkei Asia reported