SMIC had been rumored to have developed the means to produce 7nm process tech for some time, but Huawei's Kirin 9000S was one of the first examples of it being put into production. But the 9006C looks to be a different story.

An investigation into the underlying silicon's origin showed, that "analysis confirms with high confidence that the HiSilicon Kirin 9006C is indeed manufactured by TSMC, dispelling debates about SMIC involvement."

under sanction SMIC not able to manufacture 5nm processor although CCP claimed that they made it.

When the 14-inch ultralight first appeared in early December, the presence of a 5nm processor spurred furious speculation that China's domestic semiconductor manufacturing capability was far more advanced than previously thought.

This speculation was understandable as just a few months earlier, Huawei had launched the Mate 60 Pro smartphone powered by a 7nm system on chip apparently manufactured by China's Semiconductor Manufacturing International Co. (SMIC).

Did Huawei's domestic fab partners somehow develop the means to mass produce a 5nm laptop chip in spite of US sanctions designed to prevent just that? No, they most certainly did not.

According to a teardown of Huawei's Qingyun L540 notebook by testers at TechInsights, the mysterious 5nm Kirin 9006C processor it contained was actually manufactured by Taiwan Semiconductor Manufacturing Co, not from a Middle Kingdom manufacturer.

Teardown finds Huawei's 5nm notebook processor was made in Taiwan, not China
Stockpiled TSMC silicon from 2020 shock! Teardown finds Huawei's 5nm notebook processor was made in Taiwan, not China. Fri 5 Jan 2024
CCP "cheat".🤣🤣

Chinese stocks slide as Fitch downgrades 4 major asset managers
China's bluechip Shanghai Shenzhen CSI 300 index was the worst performer in Asia on Thursday, losing 1.4% and hovering above a five-year low, while the Shanghai Composite index dropped 0.9%.

Fitch downgraded the ratings of four Chinese state-owned asset managers by one level, and put three of the four firms on watch for more potential downgrades.

The ratings agency cited increasing pressure on the four from an ongoing slump in the property market, as well as increased uncertainty over the government's ability to support the finances of the asset managers. This in turn presented uncertainty over the ability of the state-backed firms to snap-up non-performing assets from the open market, which bodes poorly for China's financial markets.

The downgrade presents another blow to sentiment towards China, and also comes a few weeks after Moody's (NYSE:MCO) warned of a potential downgrade to China's sovereign rating.

Posted by foongsh > 3 hours ago | Report Abuse

Posted by IDQWE001 > 1 hour ago | Report Abuse

Resolve real estate risks by easing of restrictive property policies, with full relaxation on home buying curbs in second-tier cities. Property prices still dropping from 26 to 50%.🤣🤣

only silly fool like qqq thinking property prices dropped so much and keep on saying no effect. Useless CCP could not resolve the real estate bubble even trying very hard for years. worse than 3rd world countries.

Only silly fool think that negative asset is good. Lol.

Resolve real estate risks by easing of restrictive property policies, with full relaxation on home buying curbs in second-tier cities. Property prices still dropping from 26 to 50%.🤣🤣

BEIJING: China's average daily home sales during the three-day New Year holiday in 40 cities, based on floor area, fell 26 per cent compared with the same period last year, a survey showed on Tuesday.

Sales fell the most in smaller cities, dropping 50 per cent during the holiday, according to data from the China Index Academy, one of the country's largest independent real estate researchers.

"Shifts in residents' expectations and policy support are key to real estate stabilisation in 2024," the firm said.

For 2024, the firm said it expected more easing of restrictive property policies, with full relaxation on home buying curbs in second-tier cities.

Authorities in recent months have been rolling out measures to support the crisis-hit property market.

Top Chinese leaders at a key meeting in December to chart the economic course for 2024 pledged to resolve real estate risks and promote stable and healthy development of the market. - Reuters

Chinese stocks remain unloved among global funds amid concerns about banking crisis, property market risks: BofA surveys。
-Concerns about banking crisis and property market slump keep investors at bay even as valuations dive: Bank of America survey
-The pool of bulls on China has shrunk even to level below October 2022 before Beijing abandoned its zero-Covid policy

Stay with strong and solid alliance never follow the power crazy dictator evil Xi. This is the moral of the story.

Korea’s Kospi Stock Index Heads for 19-Month High

South Korea’s stock benchmark reached its highest closing level since June 2022 amid foreign investor demand for chipmakers, as the nation kept a short-selling ban in place.

The Kospi index climbed 0.6% on Tuesday. Samsung Electronics Co. and SK Hynix Inc. have been the biggest drivers of the measure’s recent gains, with the two semiconductor stocks drawing more than $3 billion in combined net inflows from overseas funds in the last quarter of 2023, boosted by optimism around artificial intelligence and improving chip demand.

Chinese yuan falls on weak PMI data
The Chinese yuan was among the worst performers for the day, falling 0.4% as official purchasing managers index data showed further deterioration in manufacturing activity.

While a private survey showed some strength in the sector, growth still remained largely modest, while employment and inflation failed to pick up substantially. The readings indicated little signs of recovery in Chinese economic activity at the end of 2023.

The PBOC set a slightly stronger daily fix for the yuan, following the dismal data. But the moved only slightly stemmed losses in the currency.

The yuan was among the worst-performing Asian units in 2023, down over 3% as a post-COVID Chinese economic recovery largely failed to materialize.

A post-COVID Chinese economic recovery largely failed to materialize in 2023, as the country grappled with deflation and sluggish stimulus measures from the government. This kept investors largely wary of Chinese markets, with stocks seeing sustained outflows through the year.

What a strength. 🤣🤣

Chinese stocks sink on dismal official PMIs
China’s bluechip Shanghai Shenzhen CSI 300 index fell 1.1%, extending an over 12% decline from 2023 as weak official PMI data pointed to sustained weakness in the world’s second-largest economy. The bluechip index also traded at a near five-year low.

The Shanghai Composite index lost 0.3% on Tuesday, while Hong Kong’s Hang Seng index slid 1.7% on losses in mainland stocks.

China’s official manufacturing PMI
China Manufacturing Purchasing Managers Index (PMI)
Latest Release:
Dec 31, 2023
Actual:
49.0
Forecast:
49.5
Previous:
49.4
shrank more than expected in December, with an average reading for 2023 also indicating contraction. The non-manufacturing PMI remained in sight of contraction in December.

While a private survey showed some signs of resilience in manufacturing activity, growth still remained largely modest on sustained weakness in offshore demand for Chinese goods.

Hong Kong fund managers and small investors lost their pants due to silly evil Xi leading towards wrong direction.

The year started on a strong note amid hopes of a post-Covid market revival, only to see the rally fizzle as a prolonged housing slump, a lack of strong stimulus and regulatory uncertainties led to a heavy selloff. The CSI 300 benchmark has lost 12% so far this year, among the world’s worst-performing major indexes and poised for a third annual decline.

Overseas funds are set to flee Chinese stocks for the fifth month in December, an unprecedented streak. While some fund managers are calling time on the rout, saying it’s time to buy the dip, many harbor doubts over the market’s longer-term allure. Corporate earnings are no longer growing at a heady pace with concerns over policy support for the private sector, and economic growth is set to moderate amid demographic headwinds.

Silly evil Xi chasing away the smart money, silly evil supporters losing their pants in CCP stock markets.

China Stock Market Sees Foreign Inflows Dry Up In Dismal Year
Overseas investors are set to record their smallest-ever annual purchases of Chinese stocks, discouraged by a plethora of concerns including a fragile economic recovery and geopolitical tensions.

Foreign funds bought just 44 billion yuan ($6.1 billion) of onshore stocks via trading links with Hong Kong on a net basis so far in 2023. That’s even after a dramatic surge in purchases Thursday amid year-end positioning adjustments, and marks the least since Bloomberg started compiling annual data for both Shenzhen and Shanghai bourses in 2017. During better times, investors would scoop up that amount in a month.

Foreign investors unwind $52 billion bet on China growth rebound

Nearly nine-tenths of the foreign money that flowed into China’s stock market in 2023 has already left, spurred by mounting doubts about Beijing’s willingness to take serious action to boost flagging growth.

Silly Xi was more interested to make his ministers disappeared. Lol

To be smart small investors shall not go against the smart money. Let qqq keep on losing his pants. Lol

Much of China’s current equity market woes are due to ongoing fragility in the country’s property sector. Around 30% of fund managers polled by Bank of America said in the December Fund Manager Survey that China’s real estate sector was now the most likely source for a systemic credit event.

The survey also showed that short-selling — betting on further equity market losses — on Chinese equities had become such a popular trade that 20% of fund managers saw it as the “most-crowded” trade in December.

CCP declared 5% growth of GDP only empty promise showed in paper got nothing to do with small investors. Silly evil Xi chasing away the smart money, silly evil supporters losing their pants in CCP stock markets.

Investors Losing Confidence In Major Institutions
While the People’s Bank has tried to maintain its efforts at making China an attractive opportunity for foreign investment, the central bank is increasingly at odds with the central government.

Having made steps to align itself more closely with foreign central banks, including the Federal Reserve and European Central Bank, under the governorship of Zhou Xiaochuan between 2002-2017, the PBoC has become increasingly sidelined since the Covid pandemic.

Since March, the central government has put the PBoC under the control of the Central Financial Commission, a party-led oversight body.

Silly evil Xi chasing away the smart money, silly evil supporters losing their pants in CCP stock markets.

China stock indices have had a tough year as growth concerns have built despite efforts by the People’s Bank of China to boost confidence in the financial system.

The Shanghai Composite is down 4.4% over the year, while the China A50 index has slumped 12% and the Hang Seng has fallen nearly 14%.

Meanwhile, the heaviest-weighted exchange traded funds that track China shares are down by similar amounts: BlackRock’s iShares MSCI China EFT MCHI is down 13.8% year to date, while iShares China Large-Cap ETF FXI is down 15.4% over the year.

Silly evil Xi's supporters need to see doctor because they went against the market trends and lost their pants.

Foreign Investors Pull $29B Out Of Chinese Equity Markets In 2023

Nearly 90% of the foreign investment inflows into Chinese equity markets in 2023 has been withdrawn as sentiment crumbles amid concerns over the country’s growth trajectory and the impact of losses from the real estate sector.

Data gathered from Hong Kong Stock Connect and interpreted by the Financial Times, showed that since peaking at $33 billion in August, net foreign investment in China-listed shares has dropped 87% to just $4.3 billion.

Silly evil Xi chasing away the smart money, silly evil supporters losing their pants in CCP stock markets.

Those who believe in strong and solid alliance making tons of money in stock markets. The moral of the story never believe in evil Xi.

the evil Xi got zero support. Lol.

The evil Xi making its evil supporters lost their pants including qqq. Lol.

Posted by foongsh > 3 minutes ago | Report Abuse

Posted by IDQWE001 > 4 hours ago | Report Abuse

Meet the Man Responsible for the Most Deaths in History

https://youtu.be/dW_ekZRGalk?si=s5j03z4eGVTEna5a

The evil who killed the most Chinese in history.

Communism is rubbish from the western, nothing to do with ancient chinese culture. CCP learned evil ethnic from the westerns killing Chinese.

Mao was ZhongDu the evil killing the most Chinese in human history.

Stocks in Taiwan closed the year 26.8% higher, marking their strongest yearly performance since 2009 and making them the second best performer behind Japan.

Closely following Taipei were Indian stocks, which have gained 20% for the year. Equities in Seoul recorded an 18.7% jump for the year.

Meet the Man Responsible for the Most Deaths in History

https://youtu.be/dW_ekZRGalk?si=s5j03z4eGVTEna5a

The evil who killed the most Chinese in history.

by 2050 Shanghai composite index back to 1000. Lol.

Silly Xi set up Shanghai Stock Market Exchange wanted to replace Wall Street, end up 10 years later still could not keep 3000 points.

Silly Xi visited Shanghai Stock Market instructed big funds and main stake holders not to sell shares but nobody care what he said. Shanghai composite index still dropped below 3000 points.

Silly Xi asked bankers and small investors to support CCP stocks end up making all bankers and small invstors lossing money due to hios silly strategy brought country to wrong direction.

Trading surplus got nothing to do with investors. Stock markets back to 1997 and 30 years ago.

Communism defination of "common prosperity" means either poor or very poor.

Bets on Xi’s Common Prosperity Agenda Led to Big Losses in 2023
-China Meidong, Li Ning, Pylon all slumped at least 68% in 2023
-‘Common prosperity’ as a theme has had its pitfalls: Artemis

Investors who bought into the idea two years ago that China’s consumer and green energy stocks stand to win big from President Xi Jinping’s renewed economic agenda would have seen their holdings pummeled in 2023.

Car dealership China Meidong Auto Holdings Ltd., sportswear manufacturer Li Ning Co. and energy storage system maker Pylon Technologies Co. have all tumbled by at least 68% in 2023, making them some of the worst-performing stocks on the MSCI Asia Pacific

Earthquake in China’s Qinghai Triggers Mudslides, Collapsing 360,000 Tofu-Dreg Buildings

https://youtu.be/z-R1YOazVUU?si=3m8RBnIgunyE3mlf

CCP buildings not designed for earthquake.

Failed to Copy or Cheat! 19,000 China's Chip Companies Collapse, 30 Disappear Each Day

https://youtu.be/yD8_G6xRpb0?si=FZPJFhEWiGPqVMY

In Gansu, 113 people had been found dead as of 9 a.m. on Wednesday (0100 GMT) and 782 were injured, authorities said. The death toll in neighbouring Qinghai rose to 21 with 186 injured and 13 missing as of 4 p.m. on Wednesday.
Seventy-eight people have been found alive in Gansu, where rescue operations ended on Tuesday afternoon, Chinese media said, as the focus shifted to treating the wounded and resettling residents as a months-long winter loomed.

Chinese earthquake victims pulled to safety in sub-zero cold

Braving sub-zero cold, rescuers on Wednesday pulled to safety victims of an earthquake that rocked a remote area in China's northwestern Gansu province, while survivors faced months of uncertainty ahead without permanent shelter.

The magnitude 6.2 earthquake jolted Jishishan county near the border straddling Gansu and Qinghai provinces a minute before midnight on Monday, sending frightened residents out of homes into the cold in the dead of the night. Roads, power and water lines and agricultural production facilities suffered damage, and the quake triggered land and mudslides.

First responders erected tents to shelter those who lost their homes, and images show people crowding around outdoor fires for warmth.

Rescuers are still searching through the rubble, but the quake currently stands as the most deadly in the country since 2014, when 617 people died in a southern China earthquake.

In Qinghai's quake-hit Haidong, Du Haiyi said his family home had been completely levelled.

The 21-year-old told Reuters he had managed to save his mother and 16-year-old sister, who were trapped under debris the night of the quake.

"My parents were pulled out from underneath this, but I don't know how," Du said. "We ran to wherever we could."

It was not immediately clear whether the search in Qinghai had ended or not.

In Gansu, more than 207,000 homes were wrecked and nearly 15,000 houses collapsed, affecting more than 145,000 people. More than 128,000 emergency supply items including tents, quilts, tent lights and folding beds, were delivered while food such as steamed buns and instant noodles were provided to the victims.

Posted by prudentinvestor > 33 minutes ago | Report Abuse

"prudentinvestor, you are welcome to open any forum topic that you are interested in."
Indeed I would. Since you think Chinese lives are more precious and you are very concerned about their well being, you should stop posting rubbish here and immediately go to Gansu to help the injured.

You are a rubbish whom decide what is rubbish.