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VIEs are a way to sidestep restrictions in certain Chinese industries deemed sensitive, such as energy, technology and telecoms
Star’s disappearance and concerns about tighter Communist Party controls caused investors to pull the plug on new productions, insiders say
KUALA LUMPUR: Malaysia's exports stayed above the RM80bil mark in August though there was a dip due to a decline in palm oil exports. Imports rose to a new high on higher purchases of iron and steel.
PETALING JAYA: The operators of Smart Tunnel says the recent instances of flooding that occurred in Cheras, Subang and Puchong were outside the coverage areas of their flood mitigation system.
HONG KONG: Shares of Chinese hardware companies fell sharply on Friday, led by computer maker Lenovo Group Ltd which lost more than a fifth of its value. It was not immediately clear what was the cause, but the declines follow a Bloomberg Businessweek report that U.S. tech companies' systems had been infiltrated by malicious chips inserted by Chinese intelligence agents.
SEOUL: Samsung Electronics Co Ltd said quarterly operating profit likely surged by a fifth to a record high, with its chip unit bolstered by robust demand from data centres and gains in production yields.
KUALA LUMPUR: Worries over foreign fund outflows plagued global markets on Friday as US Treasury yields surged to seven-year highs even as the US economy roared ahead, stoking fears of inflation and interest rate hikes.
US vice president Mike Pence sharply criticised what he said was China's theft of US technology on Thursday.