Taiwan authorities raided ten Chinese semiconductor companies for illegal poaching of chip engineers and other tech talents as the chip war between Taipei and Beijing worsened. The raids were conducted in Taiwan’s capital Taipei and the semiconductor hub, Hsinchu. This is the second time in three months that such raids […]
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Bangladesh authorities unearth tax evasion by Chinese firms
Chinese companies are reportedly violating local laws in Bangladesh which is leading to loss to the exchequer, a media report said on Tuesday. This report adds to the already poor image of corporate ethics practised by Chinese firms who are found breaching laws in several countries. In December 2021, Bangladesh […]
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Beijing vows to protect interests of Chinese firms in event of US sanctions
Amid the uncertainty surrounding the impact of sanctions on Russia on global companies, China on Wednesday assured to protect the rights and interests of national companies in the event of unilateral sanctions by the US. “China opposes any form of unilateral US sanctions and will resolutely protect the legitimate rights and interests of Chinese companies and individuals,” Chinese foreign ministry spokesperson Zhao Lijian told reporters […]
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Chinese firms to set up USD 3.5bn reprocessing park in Pakistan’s Gwadar
Chinese companies are ready to establish a USD 3.5 billion reprocessing park in Pakistan’s Gwadar within two to three years, reported Dawn. Pakistan’s Prime Minister Imran Khan, who is in Beijing on a four-day tour, also signed an agreement on industrial cooperation with China, on Friday to facilitate investment from China and other parts […]
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International alliance of MPs calls for blacklisting of Chinese firms over Uyghur ‘atrocities’
An international cross-party network of legislators across the European Union, the United Kingdom, India, Australia and Canada have called on their governments to block investors from bankrolling firms perpetrating forced labour abuses in China’s Xinjiang province. This comes after reports emerged that HSBC has held shares in a subsidiary of the Xinjiang Production and Construction Corps […]