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Huawei Plans to Build Chip Plant Without US Technology: Financial Times

November 01, 2020 10:09 AM

NEW YORK (BLOOMBERG) - Huawei Technologies plans to build a chip plant in Shanghai without using American technology, as China's biggest tech company by sales seeks a new strategy to overcome increasingly tight US sanctions, the Financial Times reported.

China's factory activity growth slows slightly in October

November 01, 2020 5:00 AM

BEIJING • China's factory activity expanded at a slightly slower pace last month but was still above analysts' expectations, suggesting a continuing economic recovery as the country rebounds from the coronavirus shock.

Will companies really ditch China?

As the coronavirus pandemic has plunged much of the world economy into turmoil, you've probably heard a lot about what might happen to "supply chains," the vast networks of manufacturing and shipping that help create and deliver all those plastic toys, iPhones, cars, pills, pants, yogurt, and N95 face-masks you've been waiting on.

The future of global supply chains is an especially important question for China, the world's manufacturing powerhouse. Some countries and companies now worry about relying too much on any single supplier for consumer and medical goods, let alone one where the government hid the first evidence of what became a global pandemic and sometimes enforces trade and investment rules in seemingly arbitrary ways. The US-China trade war — and the vulnerabilities it reveals for manufacturers — certainly don't help.

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Calls to go local hailed but obstacles remain

May 29, 2020 5:00 AM

Prime Minister Narendra Modi has urged Indians to "go vocal for local" and support domestic manufacturing in a bid to ease job losses and growing economic distress triggered by the coronavirus pandemic and near two-month lockdown, which is being eased.

Clogged cooling system likely caused gas leak at Indian plant

May 16, 2020 5:00 AM

VISAKHAPATNAM (India) • A clogged cooling system was the likely cause of a temperature surge in a storage tank which led to a gas leak at a chemical plant in India, killing 12 people, three state government investigators told Reuters.

Few firms in India resuming operations despite govt approval

April 27, 2020 5:00 AM

It is difficult to spot a vehicle or a human being at Manesar Industrial Model Township, an industrial area in India with about 2,000 factories.

Coronavirus: Few companies in India have re-started, despite government's green light for resumption

April 25, 2020 10:41 PM

NEW DELHI - It is difficult to spot a vehicle or a human being at Manesar Industrial Model Township, an industrial area with around 2,000 factories.

China's Feb factory activity contracts at record pace

March 01, 2020 5:00 AM

BEIJING • China's factory activity contracted at the fastest pace ever last month, even worse than during the global financial crisis, highlighting the colossal damage from the coronavirus outbreak on the world's second-largest economy.

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