China News Updates

Government, Business, Technology, Safety

Treasury Breach Adds to US-China Cybersecurity Tension

News of the latest incursion follows the White House announcement on Dec. 27 that nine telecommunications firms had been breached by a state-sponsored Chinese hacking group.

January 2, 2025
Government, Business, Fuel

US Oil Exports to China Dwindle as Demand Wanes

U.S. crude exports to China plunged by almost half this year as shifts in the nation’s economy weighed on demand and it bought more barrels from other countries including Russia and Iran.

December 27, 2024
Government, Business, Technology, Equipment, Fuel

China Races to Ship Batteries to US Before Tax Changes

Shipments of lithium-ion batteries to the U.S. jumped by 27% to $1.9 billion in November from a year earlier. The export tax rebate for batteries was cut to 9% from 13%.

December 20, 2024
Government, Business, Technology, Equipment, Autonomous

Court to Rule on TuSimple Governance, Cash Pile Fate in Q1

The Delaware Chancery Court ruled that TuSimple co-founder and former CEO Xiaodi Hou’s challenge to board selections and governance changes had enough merit to win the court’s time.

December 19, 2024
Business, Technology, Equipment, Fuel

China's CATL Plans Expansion of Battery Swapping for EVs

XIAMEN, China — The world’s largest maker of batteries for electric vehicles said Dec. 18 it will get into battery swapping in China in a big way starting next year.

December 18, 2024
Government, Business, Technology

Biden to Announce Chinese Semiconductor Probe in Coming Days

President Joe Biden’s administration is set to initiate a trade investigation into Chinese semiconductors in the coming days, as part of a push to reduce reliance on a technology that U.S. officials believe pose national security risks.

December 17, 2024
Government, Business, Fuel, Logistics

Tanker Rates Hit by OPEC+ Delays, Weak China Demand

The Baltic Exchange’s TD3C Index, which reflects rates for VLCCs on the Middle-East-to-Asia route, dropped to so-called Worldscale 39.05 on Dec. 13.

December 16, 2024
Government, Business, Technology

US Raises Tariffs on Imports of Some Chinese Technology

BANGKOK — The Biden administration plans to raise tariffs on solar wafers, polysilicon and some tungsten products from China to protect U.S. clean energy businesses.

December 12, 2024
Government, Business, Technology

China Benefits as Europe’s Big Battery Ambitions Are Failing

Europe’s bid to build a homegrown battery industry to break China’s dominance in electric vehicles is failing.

December 10, 2024
Government, Business, Technology, Safety

US Agencies Issue Guide to Thwart Cyberthreats From China

Guide recommendations will help network engineers and security personnel strengthen visibility and harden network devices against bad actors affiliated with China.

December 6, 2024