The Commerce Department wants to expand export controls to majority-owned subsidiaries of Chinese companies. That could trigger cascading effects -- and challenges. In this week's Big Picture, @eliotchen.bsky.social looks into subsidiaries of Huawei and SMIC that may be affected.
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Retailers in China, foreign and domestic, are suffering - but not Walmart. Its China sales are surging, thanks to the performance of its Sam’s Club outlets. Walmart’s China sourcing operations also remain indispensable, despite criticism from both Trump and Xi’s administrations.