beat

Huawei turns to mobile chip rivals to beat US pressure

TAIPEI — Huawei Technologies is seeking help from rival mobile chipmakers to withstand a U.S. clampdown aimed at crippling the Chinese tech company, sources familiar with the matter told Nikkei Asian Review.

Huawei is in talks with MediaTek, the world’s second-largest mobile chip developer after Qualcomm of the U.S., and UNISOC, China’s second-largest mobile chip designer after Huawei’s own chip unit Hisilicon Technologies, to buy more chips as alternatives to keep its consumer electronics business afloat, the sources said.

Developing its own cutting-edge chips has been a key strategy for Huawei, helping China’s biggest tech company and the world’s second-largest

Read More

Ahead of political gathering, China’s economy starts to beat

BEIJING — Signs of a resurgence in the Chinese economy have emerged thanks to the government’s efforts to escape the coronavirus-induced funk, though sluggish employment figures suggest a true recovery is still far away.

“There were positive developments in major economic indicators in April,” National Bureau of Statistics spokesperson Liu Aihua said Friday.

Industrial production grew 3.9% on the year that month, according to data published that day, marking an improvement from the 1.1% decline in March and the first increase in four months.

The output for computers rose 26% as more Chinese work from home, while integrated circuits saw

Read More

Shippers turn to Belt and Road trains to beat coronavirus shutdowns

HAMBURG, Germany — With few international flights operating and many cargo ships knocked off course by the coronavirus pandemic, businesses sending goods between Asia and Europe have turned in desperation to trains linked to China’s Belt and Road project.

“These days, many European customers are exploring rail freight on the New Silk Road as an alternative and attractive transport mode,” Tim Scharwath, chief executive of global freight forwarding at German logistics operator DHL, told the Nikkei Asian Review. “We are seeing a strong increase in volumes in both directions.”

Until recently, trains that arrived in Europe with nearly every freight

Read More

Shippers turn to Belt and Road trains to beat coronavirus lockdowns

HAMBURG, Germany — With few international flights operating and many cargo ships knocked off course by the coronavirus pandemic, businesses sending goods between Asia and Europe have turned in desperation to trains linked to China’s Belt and Road project.

“These days, many European customers are exploring rail freight on the New Silk Road as an alternative and attractive transport mode,” Tim Scharwath, chief executive of global freight forwarding at German logistics operator DHL, told the Nikkei Asian Review. “We are seeing a strong increase in volumes in both directions.”

Until recently, trains that arrived in Europe with nearly every freight

Read More