Posts Tagged ‘sanctioning’
China threatens more retaliation after sanctioning US entities of one of South Korea’s biggest shipbuilders
The moves are a marked escalation in a long-standing dispute between the world’s two largest economies over maritime dominance [HONG KONG] China has threatened further retaliatory measures against US curbs on its shipping sector, after sanctioning American entities of a South Korean shipping giant. The Ministry of Commerce said on Tuesday (Oct 14) that it…
Read MoreUS sanctioning China oil terminal threatens Sinopec run cuts
The overall impact on China’s crude demand should be short-lived as traders re-route cargoes to other ports [BEIJING] US sanctions on a key Chinese oil import terminal are redirecting crude flows and threatening run cuts at several state-owned refineries. Last week’s blacklisting of the Rizhao Shihua Crude Oil Terminal, which handles about 9 per cent…
Read MoreUS weighs sanctioning Huawei’s secretive Chinese chip network
THE Biden administration is considering blacklisting a number of Chinese semiconductor firms linked to Huawei Technologies after the telecom giant notched a significant technological breakthrough last year, sources familiar with the matter said. Such a move would mark another escalation in a United States campaign to ringfence and curtail Beijing’s artificial intelligence and semiconductor ambitions.…
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