Eduardo Jaramillo is a staff writer at The China Project. He holds a Bachelor’s degree in History and East Asian Studies from Bowdoin College, and a Master of Arts in Asian Studies from Georgetown University. He has spent a combined two-and-a-half years in Taiwan and China, and now lives in the Logan Circle neighborhood of Washington, D.C.
The Beijing Stock Exchange, marketed as a place for high-tech SMEs to thrive, has seen lackluster daily trading and fundraising numbers so far in 2023, and this doesn’t bode well for China’s tech competitiveness.
For years, China’s sovereign wealth fund has made investments in large private American investment funds that finance startups and companies working on strategic or sensitive technology in the U.S. — but regulators have yet to investigate these activities.
2022 was a tough year for the ‘Big Fund’ that was set up to make China’s semiconductor industry self-reliant, but it rounded out the year with an investment in a silicon wafer manufacturer, and is set to ramp up big time in 2023.
A new set of rules for education and tutoring companies brings no respite for the once-booming sector, which has been suffering since a government crackdown began in 2021.
The U.S. defense budget for 2023 has been approved, and it has removed some earlier provisions that were sure to anger Beijing. But the legislation still has China firmly in its sights.
A range of Chinese tech security and telecom companies has just been sanctioned by regulators in the U.S., the U.K., and Australia, including Hikvision and Dahua. It seems a sign of things to come.
Protests against COVID restrictions have broken out in major cities all over China.
The ongoing COVID-zero policy is making life very hard for China’s restaurants, including the biggest player in China’s hotpot market, Haidilao, which has announced losses for the first half of the year.
Amid China’s worst heatwave since the beginning of modern record-keeping, authorities have drafted drone companies to seed clouds and cause rainfall. Drones are now playing a growing role in China not only to confront extreme weather events, but in a range of other applications.