China

China Wants Its Very Own Bordeaux Region on Edge of Gobi Desert

(Bloomberg) — China, a fast-growing wine market, plans to turn a northern region on the edge of the Gobi desert into a center of top quality wine production to compete with international brands and boost the local economy.

The Ningxia region has had a wine industry on the eastern foothills of the Helan Mountains since the early 1980s. The area, lying at a similar latitude to the Bordeaux region in France, has more than 200 vineyards with annual production of 130 million bottles, or a quarter of the country’s output, Zhao Yongqing, a vice governor of the region, told a press conference in Beijing.

But local brands have been unable to keep up with the changing tastes of domestic consumers and their desire for different types and qualities of wine. Sales of domestic wines have been losing out to overseas brands, which have increased their market share over the past

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Taiwan says its chip firms will adhere to new U.S. rules blacklisting China supercomputing entities By Reuters

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© Reuters. FILE PHOTO: Flags of Taiwan and U.S. are placed for a meeting in Taipei

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TAIPEI (Reuters) – Taiwan said on Wednesday its chip companies will adhere to U.S. rules after Washington added seven Chinese supercomputing entities last week to an economic blacklist and after a Taipei-based chipmaker halted orders from one of the entities named.

The U.S. Commerce Department said the seven Chinese entities were “involved with building supercomputers used by China’s military actors, its destabilizing military modernisation efforts, and/or weapons of mass destruction programs.”

Companies or others listed on the U.S. Entity List are required to apply for licenses from the Commerce Department that face tough scrutiny when they seek permission to receive items from U.S. suppliers.

Tech-powerhouse Taiwan’s firms are major suppliers of semiconductors globally, and Economy Minister Wang Mei-hua said they would follow Taiwanese and U.S. rules.

“Our companies, whether producers or exporters,

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6 China ETFs From 3 Sectors That Emerged Winners in June

The second quarter of 2020 was the best quarter for Wall Street since 1998 despite coronavirus-led lockdowns in various parts of the globe. The unprecedented stimulus measures by global central banks and governments made this possible.

Though the market momentum was especially upbeat in the middle of the quarter, it slackened a bit in June. Rising coronavirus cases with the unlocking of economies disturbed the momentum occasionally in June.

Interestingly, if we screen the top-performing ETFs of June, we will have a host of China ETFs in the top 15 list. These funds come mainly from the technology, healthcare and clean energy segments. Let’s tell you what made these ETFs winners in June.

Technology

The coronavirus-led social distancing trend has given a boost to technology all over the world. People indulged in the work-learn-entertainment-from-home trend. As a result, Chinese Internet and tech ETFs that house stocks like Tencent, Alibaba, JD.Com,

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