Policy & Markets

WuXi AppTec removed from the US Defense Department blacklist; shares rise

Source: SCMP; Tue, Nov 10, 2026

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Removal from the list of military-linked companies eased investor worries, and analysts see it as a possible path for other Chinese firms facing similar problems.

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SCMP reports lawmakers are demanding answers on the national-security risks and control of advanced chip exports to China. Treasury Secretary Bessent blamed the Commerce Department for not restricting Nvidia chips, and Commerce Secretary Lutnick agreed to testify on export controls. Trump and Xi are due to meet in Shenzhen next week.

Policy & MarketsHotSCMP11-14

Bessent: US and China agree to set up an AI dialogue; experts say their views on safety differ

According to US Treasury Secretary Bessent, the US and China agreed to set up an AI dialogue to guard against shared security risks. SCMP quotes experts saying Washington worries about losing control of systems while Beijing prioritises stability and content rules, which could cloud the dialogue ahead of the APEC summit.

Policy & MarketsSCMP11-14

Jensen Huang quits as Nvidia CEO; Nvidia's China staff and analysts watch for tighter chip curbs

SCMP reports CFO Colette Kress will serve as interim CEO. Many of Nvidia's Chinese employees believe US political pressure was the main reason. Separately, analysts say China could cap rare-earth sales if the US widens chip curbs. These are reported views and analyst judgments, not official findings.

Policy & MarketsSCMP11-13

WuXi AppTec removed from the US Defense Department blacklist; shares rise

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