Market trends and business perspectives
China is expanding the testing of digital yuan currency to prepare for any further restrictions on its companies by the US.
So far, US President Donald Trump has effectively banned Huawei in the US and from doing business with US suppliers globally.
Huawei is the leading Chinese telecommunications equipment provider, supplying 5G systems to many countries abroad, and it offers a successful line of smartphones. [Read more…] about China expands testing of digital currency in case US bans yuan
The Japanese government is being urged to establish an industrial espionage unit to try and stop spies stealing secrets relating to advanced technologies being developed by successful companies in the country.
According to a report on the Nikkei Asian Review website, the Liberal Democratic Party, led by current Japanese President Shinzō Abe, is formulating a list of recommendations aimed at preventing industrial espionage against Japanese companies.
As quoted by Nikkei, Akira Amari, one of the LDP’s leading members, says: “The need for intelligence capabilities is broadening beyond sensitive military-related information to a wide range of private-sector data.” [Read more…] about Japanese government urged to establish industrial espionage unit
Chinese hi-tech manufacturer Luxshare Precision Industry has bought an iPhone assembly factory from Wistron and has become bigger than Foxconn in terms of market capitalization.
Although Luxshare is well known in the industry, it’s not as famous as its Taiwanese rival Foxconn, which also goes by the name of Hon Hai Precision and has been Apple’s main contract manufacturer for many years.
Luxshare had previously been supplying individual components for iPhones but the Wistron factory purchase means that it can now provide assembled parts or complete devices. [Read more…] about Luxshare buys iPhone assembly factory and becomes bigger than Foxconn
The progress made by a relatively new Chinese chipmaker, called ChangXin Memory Technologies, could help ease the pain caused by increasingly wide-ranging US restrictions against China’s tech companies.
US President Donald Trump has already effectively banned Huawei from doing business in the country, which has led to American companies to shun the Chinese telecommunications and smartphones giant. And in the latest move, as reported by the Wall Street Journal, the Trump administration has introduced new rules prohibiting non-US companies from selling any chips made using American technology to Huawei “without a special license”.
Huawei has found it difficult to source chips and other components for its equipment, for which, in turn, the company has found fewer buyers. [Read more…] about New Chinese chipmaker’s progress could ease pain of US restrictions
China has overtaken the US as the world’s leading researcher, generating 58,990 patents in 2019 compared with America’s 57,840.
This is the first time since 1978 that the US has lost its position as the world’s leading producer of patent-winning inventions or innovations. (See animation below.)
The figures were published by the World Intellectual Property Organization, a specialized agency of the United Nations. [Read more…] about China overtakes US as world’s leading patent generator
Sales of US-manufactured cotton-harvesting machinery to China have increased by 4,000 percent, according to a report on the South China Morning Post website.
The news outlet says its own analysis shows that the increase in April of this year was “more than 4,000 percent” when compared with the same month last year.
The main reason for the dramatic increases, says the SCMP, is the possible threat of US sanctions against China which might make it impossible to import hi-tech goods. [Read more…] about Sales of US cotton-harvesting machinery to China increase by 4,000 percent
Foxconn, one of the most well known Chinese manufacturing companies as a result of its status as main supplier for Apple, is moving significant parts of its operations outside of China.
The company, which according to TechSpot reported almost $800 million net profit for the quarter ending in June, has already moved an additional 5 percent of its operations to countries other than China, bring it up to 30 percent, compared with 25 percent last year.
China is still overwhelmingly the main base for Foxconn’s manufacturing operations, representing some 70 percent of its production capacity, but the company is scouting many locations abroad. [Read more…] about Foxconn moving operations out of China
Canada is to impose tariffs on American imports in retaliation for the recent decision by the US to levy a 10 percent tax on Canadian aluminum imports.
Canada’s deputy prime minister Chrystia Freeland says that the tariffs would match the US taxes “dollar for dollar”, according to a story on Manufacturing.net.
President Donald Trump (main picture) has been expressing his dissatisfaction with the terms of the North American Free Trade Agreement since coming to office and at one point wanted to take America out of it. [Read more…] about Canada imposes tariffs on US goods in retaliation
The United States government is calling for goods made or exported to the US from Hong Kong to be relabelled “Made in China”, according to a report on the South China Morning Post.
The measure, to be introduced by US President Donald Trump, does not appear to need Congressional approval or any kind of vote.
It will mean that Hong Kong companies exporting to the US will be required to pay the same kind of punitive tariffs currently placed on goods arriving in America from mainland China. [Read more…] about US demands Hong Kong-made goods be relabelled ‘Made in China’
The US government has tightened its restrictions on doing business with Chinese telecommunications equipment supplier Huawei.
The US had already effectively banned American companies from providing a platform for Huawei, which led to the company being unable to put its products and services on the Android operating system used by the majority of smartphones around the world.
Although Android is an open-source operating system, Google, Samsung and many others have developed their own versions for their smartphones based on the original code and, therefore, can call it their own and prevent others connecting to it or using it. [Read more…] about US tightens restrictions on Huawei
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