China private factory gauge grows again in sign of stabilization

China’s manufacturing activity expanded for a second straight month, according to a private survey, a further sign of stabilization after Beijing unleashed a stimulus package to shore up the economy. The Caixin manufacturing purchasing managers index rose to 51.5 last month, the highest since June, according to a statement released by Caixin and S&P Global … Read more

Exclusive-Latest US strike on China’s chips hits semiconductor toolmakers

By Karen Freifeld and David Shepardson (Reuters) – The U.S. will launch its third crackdown in three years on China’s semiconductor industry on Monday, restricting exports to 140 companies including chip equipment maker Naura Technology Group, among other moves, according to two people familiar with the matter. The effort to hobble Beijing’s chipmaking ambitions will … Read more