the boards for its shares to start trading but the company was once china s largest real estate company but it has defaulted back into 2021 and it is believed to have had at least, at one point, more than $300 billion in debt. recently told investors that it lost more than $80 billion over the last two years and yesterday morning just before its shares started trading it also told us that it lost another 11.5 billion in the first six months of this year. that is still half of what it lost last year. recently the company filed for bankruptcy protection in the united states. the company has become something of a symbol of the nationwide property crisis that many feared it could spill over globally and there have been other developers warning us about a huge loss it could face as well. but for the second day, trading after the suspension was lifted, the shares are down by 14% after falling 80% yesterday. as we have been reporting, the us commerce secretary is in beijing this wee
janet yellen, the secretary of state antony blinken and us climate envoyjohn kerry, all in the last three months. but despite all of these meetings, relations between the world s two largest economies are at the most tense in years. last august, the us passed the chips act, specifically aimed at growing the domestic chip making business and blocking china s industry. beijing has responded in turn, including restricting exports of two materials, gallium and germanium, to the us, these are key ingredients in making chips, and it all comes in the same week as export controls kick in in the netherlands, preventing one of the world s biggest makers of chip making equipment from exporting without a licence, something china has complained about and analysts have said would only make us china relations worse. and this all comes as president biden prepares to visit vietnam. along with the us trying to increase production at home, vietnam has been seen as an alternative destination f
raimondo s visit is the latest in a series of top american diplomats to have visited china recently including janet yellen, antony blinken and the us climate envoyjohn kerry. all in the last three months. despite all these meetings, relations between the world s two largest economies are at their most tense in years. last august the us passed the chips act, specifically aimed at growing domestic chip making business and blocking china s industry. beijing responded in turn including restricting restricting import of materials and it all comes in the same week as export controls kick in in the netherlands preventing one of the world s biggest makers of chip making from exporting without a license, something china has complained about and analysts say would only make us china relations worse. this comes as president biden prepares to visit vietnam along with the united states trying to increase reduction at home, vietnam is seen as an alternative destination for the united state
american diplomats who have recently visited china including janet yellen secretary of state antony blinken and us climate on oyoo john kerry. all in the last three months, despite all of these meetings, relations between the world s two largest economies are at their most tense for years. last august the us passed the chipset aimed at growing the domestic chip making business and blocking the chinese industry, beijing has responded in turn including restricting exports of gaily to the us to ingredients and making chips and outcomes in the week exports controls kick in the netherlands preventing one the biggest makers of chip equipment exporting without a license, something china has complained about and analysts have said with only make us china relationships worst. this comes as president biden appears prepares to visit vietnam trying to increase production at home it has been seen as an alternative destination for the us to outsource manufacturing rather than put all it
it s part of apple s commitment to invest $430 billion into the american economy and. it also comes at a time when washington is trying to reduce its reliance on foreign trade, foreign on foreign made chips. my colleague samira hussain explains. the 56 chips apple is buying from broadcom will be designed and built in the us. it is the latest business deal between the two companies. in 2020, broadcom said it would sell $15 billion of wireless components to apple. the deal fits the brief apple set out for it self to invest more in the us economy. it also goes hand in hand with a push to get more us companies to use domestically made microchips. the supply chain disruptions during the pandemic triggered a semiconductor shortage which showed just how reliant us companies had become on chips made overseas, specifically in china and taiwan. which many us officials see as a national security concern. since then, the us has been privatising domestic production of semiconductors as it