China economy: Lutnick should ban Chinese memory maker CXMT from US, Sen. Cotton notes
Those same three businesses control the lion's share of the DRAM market, but CXMT has made inroads. According to Counterpoint using the most recent reporting available, the business's share of the DRAM market leapt from just 4% to 10% by revenue in just a year…
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In today's China economy news, those same three businesses control the lion's share of the DRAM market, but CXMT has made inroads, according to CNBC World. According to Counterpoint using the most recent reporting available, the business's share of the DRAM market leapt from just 4% to 10% by revenue in just a year, from the second quarter of 2025 to the same quarter of 2026.
Key points
- CXMT is already on the Pentagon's "1260H" list, which identifies several dozen Chinese firms with ties to Beijing's military.
- While the business's HBM capabilities are nascent, according to Counterpoint, Reuters said that the business was to begin production of the chips.
- List does not come with stringent restrictions for US businesses, But Chan notes.
- And in July, the business went public and its stock price surged.
China economy: the details
And in July, the business went public and its stock price surged, making it the most valuable business listed in China at the time. While the business's HBM capabilities are nascent, according to Counterpoint, Reuters said that the business was to begin production of the chips, even though yields are low at just 20% to 30%. CXMT is already on the Pentagon's "1260H" list, which identifies several dozen Chinese firms with ties to Beijing's military.
List does not come with stringent restrictions for US businesses, But Chan notes.
Why traders are watching China economy
China is the world's largest commodity importer, so its growth outlook and policy decisions affect metals, oil and the currencies of trading partners such as Australia and New Zealand.
Stimulus measures or weak data from China can quickly shift sentiment in Asian markets, industrial commodities and the Australian dollar.
Market reaction and data
Crypto prices at the time of writing, from Binance spot data (2026-11-12 10:14 UTC):
| Asset | Last price (USDT) | 24h change | 24h high | 24h low |
|---|---|---|---|---|
| Bitcoin (BTC) | 73,426.33 | -0.42% | 74,811.45 | 73,260.00 |
| Ethereum (ETH) | 2,043.78 | -0.58% | 2,103.78 | 2,035.83 |
What to watch next for China economy
Watch for Chinese activity data, policy support announcements from Beijing and moves in the yuan and commodity-linked currencies.
Key scheduled releases on the economic calendar:
- GBP GDP m/m on Thu Nov 12, 07:00 UTC, forecast 0.0%, previous 0.1%
- USD Core PPI m/m on Fri Nov 13, 13:30 UTC, forecast 0.3%, previous 0.7%
- USD PPI m/m on Fri Nov 13, 13:30 UTC, forecast 0.4%, previous 1.3%
Follow every update in our Top 10 Breaking Market News, read Ukrainian defense tech startup hits $6 billion valuation as market participants bet on battle-tested drones or see all of today's top market news.
FAQ
What is the latest China economy news?
Those same three businesses control the lion's share of the DRAM market, but CXMT has made inroads.
Why does China matter for forex traders?
China's demand for raw materials and its trade links make its economy a key driver for commodity currencies like the Australian and New Zealand dollars.
Where does this information come from?
This report is based on coverage from CNBC World, checked against market data where available. It is a summary for information only and not investment advice.
Risk warning: This article is for information only and is not investment advice. Trading forex, CFDs, stocks and crypto carries a high risk of losing money. Prices move fast – check live quotes before you trade.
