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China’s ban on Micron puts South Korea in the worst of both worlds – The Diplomat

Advertising Beijing’s recent decision to ban the use of US firm Micron’s semiconductors in critical infrastructure equipment has further embroiled South Korea in a US-China conflict over the development of China’s domestic semiconductor industry. However, it also affects how the United States and its allies deal with economic coercion. The controversy surrounding Micron is rooted

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China’s output falls for the second month in a row

China’s manufacturing activity contracted for the second straight month in May, the latest sign that the country’s economic recovery is slowing, according to official data released on Wednesday. According to the National Bureau of Statistics, the official Manufacturing Purchasing Managers’ Index – a key indicator of manufacturing output – fell to 48.8 this month, below

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Saudi Arabia in talks to join China’s Brix Bank

A new development bank, the Shanghai-based lender better known as the “BRICS Bank”, is in talks with Saudi Arabia to admit the country as its ninth member. sanctions. The addition of the kingdom will strengthen ties between the bank, created by the world’s largest emerging economies as an alternative to the Western-led Bretton Woods institutions,

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Deciphering China’s Chip War Escalation – The Diplomat

Advertising In the ongoing technology struggle between the United States and China over the semiconductor industry, the US has caused massive disruptions to the semiconductor supply chain. The main goal is clear: to ensure that while the world moves forward, China stays behind. Washington October 2022 export bans have undermined the purchasing as well as

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