China
Every Sainteur story on China, newest first.
China opposes a reported US plan to block remote access to American computing power
Mao Ning said such measures disrupt global industrial and supply chains and serve no party's interests, and pointed to leaders' common understandings rather than saying a new bill would violate a trade agreement.
Chinese university on the U.S. Entity List bought two Nvidia H200 chips, Reuters reports
An October 21 notice from Northwestern Polytechnical University's School of Management named Shaanxi Bosuan Network Technology as the supplier of two H200 141G PCIe cards for 874,700 yuan. Reuters put that at about $123,000 and said the university also rented more H200 access.
China's trade surplus exceeds $1 trillion for a second straight year
China's trade surplus hit $1.04 trillion through October, a second straight year over $1 trillion. October exports rose 35.2% year on year, above a 33.5% Reuters poll forecast, and imports rose 41.6%. The surplus narrowed to $105.3 billion from $133.5 billion in September.
SoftBank faces AI-strategy scrutiny at earnings after tech selloff
SoftBank ($SFTBY) faces scrutiny over its AI strategy at Q2 earnings after an AI-stock rout. Its five-year CDS spread widened to 466 basis points Friday, and China blocked its planned $5.4 billion purchase of ABB's robotics division. It spent $64.6 billion for a 13% OpenAI stake and had 10.8 trillion yen of net interest-bearing debt at the end of June.
China extends its pause on the extra 24% tariff on US goods for two months, keeps 10%
The Customs Tariff Commission tied the Nov. 10 adjustment to the Washington heads-of-state consensus and said it will watch any Section 301 shift.
China blocks SoftBank's takeover of ABB's China robotics arm as FT cites AI data fears
It's the second major deal China has blocked this year, after Meta's Manus purchase, and SoftBank is weighing whether to try again.
China has told banks to pause new stock listings as markets slide, the FT reports
Reuters couldn't verify the Financial Times report of informal guidance, and the WSJ describes a narrower step that lets deals already in process continue.
China will make banks hold 6% of foreign-currency deposits in reserve, up from 4%
China's central bank will raise the share of foreign-currency deposits banks must hold in reserve to 6% from 4% starting Nov. 15, Xinhua and Reuters reported. Reuters estimates it pulls an extra $24 billion from the financial system.
China's state-favored funds draw billions, and stocks sink deeper into a bear market anyway
Funds favored by Beijing's 'national team' took in 46 billion yuan on Thursday, the most since April 2025, but the CSI 300 kept falling Friday as stimulus hopes faded and AI trades cooled.
Alibaba slides as China's market regulator leans on online platforms over product quality
China's market regulator pressed Taobao's parent and its rivals to act as product-quality "gatekeepers." It outlined no immediate measures, but Alibaba's Hong Kong shares had their steepest intraday drop in two months, Investing.com reported.
China's blue-chip stocks hit the edge of a bear market as stimulus hopes fade
The CSI 300 fell as much as 1.6% Thursday, leaving it around 20% below its June high, as a soft earnings season, a consumer slump and AI jitters meet fading hopes for big stimulus from Beijing.
US orders DeepSeek out of federal civilian agency systems, including products built on it
A Homeland Security order bars civilian agencies from buying DeepSeek products and requires removal of DeepSeek-based tools, including third-party ones. China's foreign ministry objected.