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The U.S. Commerce Department on Monday proposed banning Chinese software and hardware for vehicles with a built-in internet connection, a move that would in effect ban Chinese vehicles from the US market, Financial Times reported. The rule follows concerns from the Biden administration about Chinese companies collecting data on American drivers and infrastructure as well as the potential for foreign
American workers hold key positions throughout China’s domestic chip industry, helping manufacturers develop new chips to catch up with foreign rivals. Now, those workers are in limbo under new U.S. export control rules that prohibit U.S. citizens from supporting China’s advanced chip development, The Wall Street Journal reported. At least 43 senior executives working with 16 publicly listed Chinese semiconductor
The People’s Bank of China has declared all digital currency activities illegal, and has vowed to crack down on the market, CNBC reported. According to CNBC, the People’s Bank of China said services offering trading, order matching, token issuance, and derivatives for virtual currencies are strictly prohibited. Overseas crypto exchanges providing services in mainland China are also illegal. It appears
Recently, Financial Times posted an article titled: “Gaming crackdown threatens China’s esports dominance, warn players”. In the article, it says that Beijing introduced gaming regulations last week that limited players under 18 to only three hours of online games per week. The article astutely points out that the limitation is going to blunt China’s professional eSports teams because they will
From an American perspective, China can look like a very strange place. While the Asian country has absorbed many Western traits into its culture, China is still different in many ways. I experienced this recently when I came across news of a new public transit vehicle being tested in China. The vehicle's technically known as the Transit Elevated Bus (TEB)
China loves its high-speed rail lines. Now the country is boasting that it is even faster and cheaper to go from one end to the other, with the "longest" high-speed rail line in the world -- a staggering 2,298 kilometer stretch of metal that reaches from north to south across the nation. The new trains move at 186 mph and run
My father is in China at the moment and he's on the high speed train between Shanghai and Hangzhou. Here's the train at the station in Shanghai. The speed is very impressive... 302 km/h or 188 mph. That's pretty quick.