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10.03.26 - 16:21
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Archer Accuses Flying Taxi Rival Joby Of Depending On Chinese Suppliers (ZeroHedge)
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Archer Accuses Flying Taxi Rival Joby Of Depending On Chinese Suppliers
Authored by Andrew Moran via The Epoch Times,
Flying taxi maker Archer Aviation has alleged that its rival Joby Aviation has been misleading regulators and investors for years by hiding its connections to China.
In a March 9 filing in federal court in California, Archer accused Joby of running a manufacturing unit in Shenzhen, China, for more than a decade that received government grants intended to spur technological development and of carrying out fraudulent business practices that gave it an improper competitive edge.
“Joby has falsely presented itself as a domestically rooted, American-made, fully vertically integrated aviation company while covertly relying on its Chinese manufacturing subsidiary,” Archer alleged in the filing.
The lawsuit alleges that the company later hid aerospace components shipped from that facility by falsely labeling thousands of pounds of imported components as mundane consumer goods such ...
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10.03.26 - 15:18
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China issues second warning on OpenClaw risks amid adoption frenzy (SCMP)
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China's cybersecurity agency on Tuesday issued a second warning about security and data risks tied to OpenClaw, despite a rush among local governments and tech companies to adopt the artificial intelligence agent amid a nationwide frenzy.
At a time when major Chinese cloud service providers were touting easy deployment of OpenClaw to capitalise on its popularity, improper installation and use of the agent had also led to severe security risks, said the National Computer Network Emergency......
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10.03.26 - 13:00
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As Trade Growth Surged, Goldman′s One-Delta Desk-Head Asks "Is China Done Exporting Deflation?" (ZeroHedge)
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As Trade Growth Surged, Goldman's One-Delta Desk-Head Asks "Is China Done Exporting Deflation?"
China's trade growth accelerated sharply in January-February (exports: +21.8% yoy, imports: +19.8% yoy) and came in well above consensus expectations, prompting Goldman's Rich Privorotsky to ask:
Rebounding aggressively. China exports were strong and CPI came in hot earlier in the week, prompting the question: is China done exporting deflation?
Government data showed that exports soared 22% during the period, compared with a 7.2% median estimate from Wall Street analysts surveyed by Bloomberg. Imports jumped nearly 20%, according to a statement released Tuesday by the General Administration of Customs. The trade surplus came in at $214 billion, an all-time high for the January-February period.
Notably, both months are combined to smooth out any distortions caused by the Lunar New Year holiday.
Trade flows show China is becoming less reliant on the US market. Exports to the US fell 11%, ...
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