U.S. approves licenses for Huawei to purchase auto chips

U.S. officials have approved license applications worth hundreds of millions of dollars for China’s blacklisted telecom company Huawei to buy chips for its growing auto component business, two people familiar with the matter said. Huawei, the world’s largest telecommunications equipment maker, has been hobbled by trade restrictions imposed by the Trump administration on the sale… Read More U.S. approves licenses for Huawei to purchase auto chips

U.S. diplomat Wendy Sherman set to visit China on July 25, 26

U.S. Deputy Secretary of State Wendy Sherman will visit China next week as part of a larger Asia trip, the State Department said on Wednesday, marking the highest-level visit by a U.S. official to China in months. Sherman, the State Department’s second-ranked official, will meet with officials including State Councilor and Foreign Minister Wang Yi,… Read More U.S. diplomat Wendy Sherman set to visit China on July 25, 26

U.S. President Joe Biden withdraws Trump-administration executive orders seeking ban of TikTok and WeChat, orders new review

President Joe Biden on Wednesday withdrew a series of Trump-era executive orders that sought to ban new downloads of WeChat and TikTok, and ordered a Commerce Department review of security concerns posed by those apps and others. The administration of former President Donald Trump had attempted to block new users from downloading the apps and… Read More U.S. President Joe Biden withdraws Trump-administration executive orders seeking ban of TikTok and WeChat, orders new review

U.S. removes Chinese tech company Xiaomi from blacklist

The U.S Department of Defense will remove China’s Xiaomi Corp from a government blacklist, a court filing showed, marking a noteworthy reversal by the Biden administration of one of Donald Trump’s last jabs at Beijing before exiting office. The filing stated that the two parties would agree to resolve their ongoing litigation without further contest,… Read More U.S. removes Chinese tech company Xiaomi from blacklist

U.S. President Joe Biden holds first phone call with China’s President Xi Jinping amid tense relations

U.S. President Joe Biden and his Chinese counterpart Xi Jinping held their first telephone call as leaders, with Biden saying a free and open Indo-Pacific was a priority and Xi warning confrontation would be a ‘disaster’ for both nations. Biden also underscored his “fundamental concerns about Beijing’s coercive and unfair practices, its crackdown in Hong… Read More U.S. President Joe Biden holds first phone call with China’s President Xi Jinping amid tense relations

New York Stock Exchange to proceed with delisting of three Chinese telecom companies in new reversal

The New York Stock Exchange said on Wednesday it will delist three Chinese telecom companies, confirming its latest reversal on the matter a day after U.S. Treasury Secretary Steve Mnuchin told the NYSE chief he disagreed with an earlier decision to reverse the delistings. The latest move, which is effective January 11, marks the third… Read More New York Stock Exchange to proceed with delisting of three Chinese telecom companies in new reversal

U.S. President Donald Trump signs executive order banning transactions with eight Chinese apps

U.S. President Donald Trump on Tuesday signed an executive order banning transactions with eight Chinese software applications, including Ant Group’s Alipay mobile payment app, the White House said, escalating tensions with Beijing two weeks before President-elect Joe Biden takes office. The move is aimed at curbing the threat to Americans posed by Chinese software applications,… Read More U.S. President Donald Trump signs executive order banning transactions with eight Chinese apps

New York Stock Exchange reverts on delisting of three Chinese telecom companies

The New York Stock Exchange said it no longer intends to delist three Chinese telecom giants that have been targeted by U.S. President Donald Trump’s outgoing administration, in a shock reversal of an announcement made only last week. The exchange said in a statement it had made the decision “in light of further consultation with… Read More New York Stock Exchange reverts on delisting of three Chinese telecom companies