Industry groups are pushing back proposed changes to U.S. export controls regulations which are aimed at curbing the sale of high technology chips to Chinese companies, highlighting the role played by chips in addressing the COVID-19 pandemic. Nine industry groups have urged U.S. Commerce Secretary Wilbur Ross to allow public comments before allowing the rules…
The joint venture is aimed at coming up with solutions and implementing breakthroughs in advanced technologies. On Tuesday, in a joint announcement China’s Tus-Holdings along with Russia-China Investment Fund (RCIF) stated they plan on a joint tech collaboration which will see them investing $1.28 billion in Russia’s Tushino Project Technology Park. In its statement, RCIF…
China Evergrande Group has allocated $239.53 million for 6 hi-tech projects undertaken by the Chinese Academy of Sciences, which includes areas such as surgical robotics, graphene, artificial intelligence, unpiloted aircraft, and health engineering. On Thursday, China Evergrande Group, a property developer, stated it plans on investing $239.53 million into six high-tech projects by the Chinese…
The move is aimed at appeasing concerns related to widening trade deficits between the two countries.
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