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China Industrial Profits Drop as Demand From Overseas Stalls: China’s industrial companies’ profits fell in March as exports flagged and deflationary pressures ...
bloomberg.com/news/articles/2024-04-27/china-industrial-profits-decline-as-demand-from-overseas-stalls
China Carbon Permits to Benefit Clean Energy, Hasten End of Coal Plants - Bloomberg
bloomberg.com/news/articles/2024-04-25/china-s-carbon-milestone-to-benefit-clean-energy-providers
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Huawei retakes crown in China handset market as Apple sinks to fifth: TAIPEI/TOKYO -- Huawei has returned to the top of China's smartphone market after ...
asia.nikkei.com/Business/China-tech/Huawei-retakes-crown-in-China-handset-market-as-Apple-sinks-to-fifth2
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Quick Glance: Huawei regains dominance in China's smartphone market as Apple drops to fifth position
- Following an ambitious comeback, Huawei has regained the top spot in China's smartphone market, while Apple has dropped to fifth in shipments in Asia's largest economy.
- The latest figures for the first quarter of 2024, released by analytics company Canalys, reveal that Huawei shipped 11.7 million smartphones in China, marking a 70% increase from the previous year when the company was working to revitalize its handset business amidst U.S. sanctions.
Key issues discussed by Blinken in talks with Chinese leaders: U.S. Secretary of State Antony Blinken met his Chinese counterpart Wang Yi and Chinese leader Xi ...
reuters.com/world/key-issues-discussed-by-blinken-talks-with-chinese-leaders-2024-04-26/
Quick Glance: Xi and Blinken Clash Over China's Backing to Russia
- Xi orders China’s biggest military reorganisation since 2015.
- He emphasizes that China is not afraid of competition as long as it is based on common progress.
- China is willing to cooperate with the US, provided it is mutual.
- A five-point consensus was reached to stabilize relations between the two countries.
China's first-quarter industrial profits rise at slower pace: China's industrial profits posted smaller gains for the first quarter compared to the first two ...
reuters.com/world/china/chinas-first-quarter-industrial-profits-rise-slower-pace-2024-04-27/
Philippines denies deal with China over disputed South China Sea shoal: The Philippines on Saturday denied a Chinese claim that the two countries had reached an ...
reuters.com/world/asia-pacific/philippines-denies-deal-with-china-over-disputed-south-china-sea-shoal-2024-04-27/
China’s Hands Are Tied in Fighting US Over TikTok: Hello, this is Josh Xiao in Singapore.
bloomberg.com/news/newsletters/2024-04-26/china-s-hands-are-tied-in-fighting-us-over-tiktok
Porsche Profit Slumps 30% on Model Renewals, China Downturn: Porsche AG’s profit plummeted during the first quarter for the weakest result since listing in ...
bloomberg.com/news/articles/2024-04-26/porsche-profit-slumps-30-on-model-renewals-china-downturn
China 2024 Growth Outlook Raised to 4.8%, Deflation Risk Lingers: Analysts upgraded their forecast for China’s growth this year after a better-than-expected ...
bloomberg.com/news/articles/2024-04-24/china-2024-growth-outlook-raised-to-4-8-deflation-risk-lingers
Is China a democracy? A historian explains. | NZZ: China calls itself a "democratic dictatorship of the people". What does that mean? Is China a democracy - or a ...
nzz.ch/international/ist-china-eine-demokratie-ein-historiker-erklaert-nzz-ld.1825416
Musk's X says posts of Australia bishop stabbing don't promote violence: Elon Musk's social media platform X defended publishing posts showing a bishop in ...
reut.rs/3UczrZH
US wants allies to cut chip-related China exports amid Huawei alarm : Washington urges Japan, South Korea and the Netherlands to tighten supply of tools and ...
ft.com/content/4ecea0a7-a5cd-40b0-8a24-b72c1c1a8996
U.S. chip bans not meant to hobble China's growth, Blinken says: U.S. export controls on sending advanced computing chips to China are not meant to hold back ...
reuters.com/technology/us-chip-bans-not-meant-hobble-chinas-growth-blinken-says-2024-04-26/
Congress tells China: sell TikTok or we’ll ban it: Only America’s courts can save the video app now
economist.com/business/2024/04/24/congress-tells-china-sell-tiktok-or-well-ban-it
China’s ties with Russia are growing more solid: Our columnist visits a future Russian outpost in China’s most advanced spaceport
economist.com/china/2024/04/25/chinas-ties-with-russia-are-growing-more-solid
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Nothing off the table in US response to China overcapacity, Yellen says: The Biden administration is not taking any options off the table to respond to China's ...
reuters.com/world/nothing-off-table-us-response-china-overcapacity-yellen-says-2024-04-25/
NATO chief Stoltenberg says it's 'not too late for Ukraine to prevail' against Russia
france24.com/en/europe/20240425-nato-chief-stoltenberg-says-it-s-not-too-late-for-ukraine-to-prevail-against-russia
Quick Glance: Nato Chief Stoltenberg in Eurofighter Looping over MV
- Nato Secretary-General Jens Stoltenberg takes a flight in a Eurofighter in Laage, accompanied by the Commodore of the Tactical Air Force Wing 73.
- The Eurofighters serve as air defense and traffic police, quickly responding to alerts and operating over the Baltic Sea.
- Stoltenberg participates in a one-hour flight involving aerial refueling, interception maneuvers, and a rendezvous with Swedish Gripen fighter jets.
- Stoltenberg is impressed by the experience, praises the pilots, and emphasizes the importance of the Laage air base for NATO.
China vs. USA: TikTok controversy could strengthen democracy: China's stance on TikTok could inadvertently promote digital ethics and pave the way for stricter ...
t-online.de/digital/kolumne-nicole-diekmann/id_100392090/china-vs-usa-tiktok-kontroverse-koennte-demokratie-staerken.html
Quick Glance: ByteDance Would Consider Closing TikTok in US Over Sale, Sources Claim
- ByteDance would prefer to cease TikTok operations rather than engage in a sale if all legal avenues are exhausted to combat potential legislation banning the platform in US app stores, as per four sources.
- Despite TikTok's massive popularity with over a billion users, it remains unprofitable, contributing a small fraction to ByteDance's overall revenues and daily active user base.
- ByteDance stated on Thursday in a release on Toutiao, a media platform it possesses, that there are no intentions to sell TikTok, in response to claims from The Information about ByteDance exploring sale scenarios for TikTok's US operations excluding the recommending algorithm for user videos.
- As of December, ByteDance's valuation stood at $268 billion when it proposed a buyback of approximately $5 billion in shares from investors.
China summons German ambassador after spying arrests: The German ambassador to China was summoned by Beijing on Thursday in response to several arrests in ...
reuters.com/world/europe/china-summons-german-ambassador-after-spying-arrests-2024-04-25/
China should have confidence to talk to us, Taiwan's president-elect says: China should have the confidence to talk to Taiwan's legally elected government ...
reuters.com/world/asia-pacific/taiwans-president-elect-appoints-new-team-says-islands-security-difficult-2024-04-25/
China’s young people are rushing to buy gold: They seek security in troubled times
economist.com/china/2024/04/25/chinas-young-people-are-rushing-to-buy-gold
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Could Australia ban X (formerly Twitter) or is it untouchable? The worst-case scenario for Elon Musk
abc.net.au/news/2024-04-25/elon-musk-x-versus-australia-on-sydney-church-stabbing-video/103761694
Taiwan happy with US aid package, China objects to arms sales: Taiwan President Tsai Ing-wen said on Wednesday she was happy the U.S. Congress had passed a ...
reuters.com/world/asia-pacific/taiwan-happy-with-us-aid-package-china-objects-arms-sales-2024-04-24/
German spy agency warns companies against being too "naive" on China: Germany's domestic spy agency told companies on Wednesday they should be on guard against ...
reuters.com/world/europe/german-spy-agency-warns-companies-against-being-too-naive-china-2024-04-24/
Why China risks US sanctions arming Russia: Survival: US secretary of state Antony Blinken fired a warning salvo toward China during a G7 foreign ministers’ ...
asiatimes.com/2024/04/why-china-risks-us-sanctions-arming-russia-survival/
Treasurer Jim Chalmers wants stronger foreign investment rules. What does that mean?
smh.com.au/national/treasurer-jim-chalmers-wants-stronger-foreign-investment-rules-what-does-that-mean-20240425-p5fmge.html
Chinese Tourists Are Again Embracing International Travel in 2024: Countries that have relaxed entry requirements are best poised to reap the economic rewards in ...
bloomberg.com/news/articles/2024-04-24/chinese-tourists-are-again-embracing-international-travel-in-2024
‘Extraordinary’: Meghan Markle hits new low: COMMENT
news.com.au/entertainment/celebrity-life/royals/extraordinary-meghan-markle-hits-new-low/news-story/856fbdf4d7fb4cdcb81b1eaae67389d2
Reuters World News: Blinken in China, Trump immunity, Haiti violence and Russian censors
reut.rs/3vZMHJ7
China stands by economic data, says defence spending 'transparent': China defended the veracity of its economic numbers and asserted its military spending was ...
reuters.com/world/china-stands-by-economic-data-says-defence-spending-transparent-2024-04-25/
Desmond Shum on how Xi Jinping beat down China’s red aristocrats: It took one of their own to do it, says the businessman and author
economist.com/by-invitation/2024/04/22/desmond-shum-on-how-xi-jinping-beat-down-chinas-red-aristocrats
China’s young people are rushing to buy gold: They seek security in troubled times
economist.com/china/2024/04/25/chinas-young-people-are-rushing-to-buy-gold
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Why China is unlikely to restrain Iran: Officials in Beijing are looking out for China’s interests, not anyone else’s
economist.com/china/2024/04/25/why-china-is-unlikely-to-restrain-iran
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Chinese cognac sales drive Remy Cointreau to Q4 sales beat: Remy Cointreau reported a far smaller-than-expected fall in fourth-quarter sales on Friday ...
reuters.com/business/retail-consumer/remy-cointreau-reports-better-than-expected-q4-sales-2024-04-26/
China passes tariff law as tensions with trading partners simmer: China on Friday passed a law leaving its biggest trade partners in no doubt that it can hit ...
reuters.com/world/china/china-passes-tariff-law-tensions-with-trading-partners-simmer-2024-04-26/
The Five Futures of Russia: And How America Can Prepare for Whatever Comes Next: And how America can prepare for whatever comes next.
foreignaffairs.com/russian-federation/five-futures-russia-stephen-kotkin
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Eurozone economy grows surprisingly strongly: The Purchasing Managers' Index rose by 1.1 points to 51.4, the highest level in eleven months ...
diepresse.com/18396920/wirtschaft-der-eurozone-waechst-ueberraschend-stark
China Creates 'Neucyber,' Its Version of a Neuralink Brain Chip: China has reportedly developed a brain-computer interface chip called Neucyber that allows a ...
pcmag.com/news/china-creates-neucyber-its-version-of-neuralink-brain-chip
How much worse can US-China relations get?: Our podcast on markets, the economy and business. This week, the future of trade between the two countries
economist.com/podcasts/2024/04/25/how-much-worse-can-us-china-relations-get
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Chinese firms are expanding in South-East Asia: This new business diaspora is younger, better-educated and ambitious
economist.com/asia/2024/04/25/chinese-firms-are-expanding-in-south-east-asia
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Why a stronger dollar is dangerous: It sets the stage for a nasty new Trump-China clash, among other things
economist.com/finance-and-economics/2024/04/23/why-a-stronger-dollar-is-dangerous
Huawei sales are soaring in China as Apple sinks: Huawei is not only making a roaring comeback in China, it is also on the verge of overtaking Apple in the ...
cnn.com/2024/04/23/tech/huawei-apple-smartphone-sales-china-hnk-intl/
The tech wars are about to enter a fiery new phase: America, China and the battle for supremacy
economist.com/international/2024/04/25/the-tech-wars-are-about-to-enter-a-fiery-new-phase
West is best? How we stack up against Australia: Running a quick stock take on the NZ and Aussie economies, Australia comes out on top.
newsroom.co.nz/2024/04/23/west-is-best-how-we-stack-up-against-australia/
US House of Representatives passes bill to ban TikTok unless it divests from China
lemonde.fr/en/united-states/article/2024/04/20/us-house-of-representatives-passes-bill-to-ban-tiktok-unless-it-divests-from-china_6669028_133.html
Quick Glance: San Francisco's Real Estate Market in Turmoil
- The city of San Francisco, once seen as the shining star of the West Coast, is now on the verge of collapse, with seemingly no one raising the alarm.
- In particular, the city's housing market has been severely impacted over the past year, with prices plummeting and homeowners fleeing en masse.
- Jamie Dimon, CEO of JPMorgan Chase, did not hold back in his comparison of San Francisco's issues to those of New York City, stating that the Bay Area is 'in far worse shape.'
- San Francisco is failing in all aspects, leading to a quiet collapse of its housing market, where once luxurious properties are now being offered at significant discounts.
New ASML boss Fouquet must navigate US/China chip war: ASML's new boss Christophe Fouquet faces a tricky balancing act in helping to steer Europe's biggest tech ...
reuters.com/technology/new-asml-boss-fouquet-must-navigate-uschina-chip-war-2024-04-25/
The Delusion of Peak China: America Can't Wish Away Its Toughest Challenger: America can't wish away its toughest challenger.
foreignaffairs.com/china/delusion-peak-china-united-states-evan-medeiros
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We Tested the BYD Seal—the Car That Explains Why Tesla Just Cut Its Prices: A world-class saloon for the people, from China’s biggest name in EVs ...
wired.com/review/review-byd-seal-2024/
China Car Show Latest: Cutthroat Market, Expansion Plans: Slowing demand for electric vehicles, heightened trade tensions and questions about whether Western ...
bloomberg.com/news/articles/2024-04-25/china-car-show-latest-flashy-models-rolled-out-to-win-customers
How strong is India’s economy?: It isn’t the next China, but it could still transform itself and the world
economist.com/leaders/2024/04/25/how-strong-is-indias-economy
Chinese fast-fashion app Shein will face tougher EU tech rules: Europe tightens scrutiny of China-based tech companies.
politico.eu/article/chinese-fast-fashion-app-shein-will-face-tougher-eu-tech-rules/
Banning TikTok would hit China’s tech ambitions and deepen the global digital divide
cnn.com/2024/04/24/tech/tiktok-ban-bytedance-split-the-world-further-intl-hnk/
Quick Glance: TikTok Ban Threat: ByteDance Prefers Closure Over Sale, Insiders Say
- ByteDance, the owner of TikTok, would prefer to shut down its loss-making app rather than sell it if all legal options to fight legislation to ban the platform from app stores in the US are exhausted, said four sources.
- TikTok accounts for a small share of ByteDance’s total revenues and daily active users, so the parent would rather have the app shut down in the US in a worst-case scenario than sell it to a potential American buyer, they said.
- ByteDance would not agree to sell one of its most valuable assets – its “secret source” – to rivals, said the four sources, referring to the TikTok algorithm.
- After facing challenges regarding bans, the short-form video app has encountered partial and attempted prohibitions in the US and other nations.
Auto China: China's car manufacturers play in a different league: Car manufacturers from Europe want to prove at the “Auto China” trade fair in Beijing that they ...
wiwo.de/unternehmen/auto/automesse-in-peking-chinas-autohersteller-spielen-in-einer-anderen-liga-/29773666.html
No Substitute for Victory: America’s Competition With China Must Be Won, Not Managed
foreignaffairs.com/united-states/no-substitute-victory-pottinger-gallagher
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How China Can Keep the Global Electric Vehicle Market Aloft: BloombergNEF expects the country’s plug-in car sales to approach 10 million this year.
bloomberg.com/news/newsletters/2024-04-23/how-china-can-keep-the-global-electric-vehicle-market-aloft
Kering Warns Profit to Tumble Following Gucci Woes in China: Kering SA warned that profit will plunge in the first half of the year after wealthy shoppers curbed ...
bloomberg.com/news/articles/2024-04-23/kering-warns-profit-to-tumble-following-gucci-woes-in-china
Quick Glance: Kering Faces Profit Decline Amid Gucci Sales Drop
- Kering expects a significant decline in profits in the first half of 2024, leading to an 8.5% drop in shares.
- Gucci's sales, the major brand share of Kering, declined by 18% on a comparable basis, mainly due to weak sales in the Chinese market.
- The company plans to continue investing in the long-term elevation of its brands, particularly Gucci, although this is challenging amidst aesthetic changes.
- Kering anticipates improved sales performance in the second half of the year, but does not expect significant improvement at Gucci in the second quarter.
The green energy ‘big bets’ Australia needs to go after: Sun Cable cofounder: Sun Cable’s cofounder wants Australia to think bigger about the green energy switch ...
smh.com.au/business/the-economy/the-green-energy-big-bets-australia-needs-to-go-after-sun-cable-cofounder-20240419-p5fl8z.html
Tesla offers zero down payments on Model 3, Model Y in China: Tesla Inc has offered zero down payments on its Model 3 and Model Y vehicles in China ...
reuters.com/business/autos-transportation/tesla-offers-zero-down-payments-model-3-model-y-china-2024-04-24/
Germany's Scholz sounds alarm over far-right China spy allegations: German Chancellor Olaf Scholz said on Wednesday allegations that the aide to a prominent ...
reuters.com/world/europe/german-far-right-politician-vows-not-quit-after-aide-accused-spying-china-2024-04-24/
Quick Glance: German Far-Right MEP's Aide Arrested for Alleged Chinese Espionage
- The individual named Jian G. stands accused of sharing information about negotiations at the European Parliament with a Chinese intelligence service and spying on Chinese opposition figures in Germany, according to federal prosecutors.
- Jian Guo is listed as an accredited assistant to MEP Maximilian Krah, the far-right AfD party's lead candidate for the upcoming EU-wide elections on the European Parliament's website.
- The suspect was apprehended in Dresden on Monday and authorities conducted searches at his residences.
- Expressing concern, the AfD addressed the allegations.
Thai c.bank minutes show economy expanding, uncertainty remains: Thailand's economy is projected to grow at a faster pace in 2024 than 2023 supported by private ...
reuters.com/markets/asia/thai-cbank-minutes-show-economy-expanding-uncertainty-remains-2024-04-24/
No limit to how low the yen will go: TOKYO - Who needs Las Vegas or Macau when betting on how low the yen can go is the best game anywhere? It’s not where ...
asiatimes.com/2024/04/no-limit-to-how-low-the-yen-will-go/
VW staff cuts: Volkswagen pays up to 450,000 euros in severance pay: VW is fueling its job cuts with high severance payments. According to WirtschaftsWoche ...
wiwo.de/unternehmen/auto/sparprogramm-bei-volkswagen-vw-zahlt-bis-zu-450-000-euro-abfindung/29757096.html
Foreigners add net $32.7 bln to EM portfolios in March -IIF: Foreigners added about $32.7 billion to their emerging market portfolios in March ...
reuters.com/markets/foreigners-add-net-327-bln-em-portfolios-march-iif-2024-04-23/
Toyota partners with Tencent to appeal to young Chinese drivers: Toyota Motor on Thursday said it will partner Chinese gaming and social media leader Tencent in ...
reuters.com/markets/asia/toyota-says-partner-with-tencent-china-2024-04-25/
Investigation process is being examined: Krah's China course is even offensive to AfD politicians
n-tv.de/mediathek/videos/politik/Krahs-China-Kurs-stoesst-selbst-AfD-Politikern-auf-article24899909.html
Pro-China party wins Maldives election in landslide, media say: Maldives voters handed President Mohamed Muizzu's party a landslide win at parlimentary ...
reuters.com/world/asia-pacific/pro-china-party-wins-maldives-election-landslide-media-say-2024-04-22/
Quick Glance: Pro-China Party Secures Overwhelming Victory in Maldives Election
- President Mohamed Muizzu's PNC party wins by a landslide in Sunday's election, gaining control of parliament with a supermajority.
- The PNC, with three additional seats from allies, secures 70 out of 93 seats, signaling a shift towards China from India.
- Official results confirmation is expected soon, with the new assembly set to take office in early May.
- The election serves as a pivotal moment for Muizzu's agenda of closer economic ties with China following his previous win in the presidential election.
Exclusive: China turns the heat up on cross-border investments in local govt debt, sources say
reuters.com/world/china/china-turns-heat-up-cross-border-investments-local-govt-debt-sources-say-2024-04-23/
China can't quit coal by 2040, researchers say, despite global climate goals: China's coal consumption will fall by just one-third by 2040, according to a report ...
reuters.com/world/china/china-cant-quit-coal-by-2040-researchers-say-despite-global-climate-goals-2024-04-23/
Australia secures takedown order for terror videos, which Elon Musk wants to fight
theregister.com/2024/04/23/australia_x_terror_video_takedown/
Chinese professor at Tokyo university missing after trip home: BEIJING -- A professor at Tokyo's Asia University has gone missing after temporarily ...
asia.nikkei.com/Spotlight/Society/Chinese-professor-at-Tokyo-university-missing-after-trip-home
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Top US diplomat back in China seeking pressure but also stability : US Secretary of State Antony Blinken returned Wednesday to China on his second ...
english.alarabiya.net/News/world/2024/04/24/top-us-diplomat-back-in-china-seeking-pressure-but-also-stability-
Lynas Rare Earths' revenue slumps, misses expectations: Australian miner Lynas posted a slump in third-quarter sales revenue on Wednesday ...
reuters.com/markets/commodities/australias-lynas-rare-earths-q3-sales-revenue-falls-58-2024-04-23/
VW, BMW and Mercedes continue to fall: “The German car manufacturers are in a trap”
fr.de/wirtschaft/vw-bmw-mercedes-stuerzen-ab-china-verbrenner-markt-schrumpft-e-auto-boom-93032787.html
Micron secures $13bn in US support to expand chipmaking capacity: Idaho-based memory chipmaker is latest beneficiary of funding from 2022 Chips Act
ft.com/content/084c5cce-3734-4c28-8cab-ee1ecaa7e402
JPMorgan China names new heads of China securities unit: JPMorgan Chase & Co appoints Lu Fang to chair the board of its China securities arm ...
reuters.com/business/finance/jpmorgan-china-names-new-heads-china-investment-banking-arm-2024-04-23/
The German chancellor’s awkward meeting with China’s boss: It is time for Xi Jinping to accept that Germany isn’t America’s puppet
economist.com/europe/2024/04/18/the-german-chancellors-awkward-meeting-with-chinas-boss
Copper Nears $10,000 as Investors Bet on Rising Global Demand: Copper edged closer to $10,000 a ton after an April rally fueled by bets that a recovering global ...
bloomberg.com/news/articles/2024-04-22/copper-nears-10-000-as-investors-bet-on-rising-global-demand
Morning Bid: Tanking Tesla reports, Europe business beats: A look at the day ahead in U.S. and global markets from Mike Dolan
reuters.com/markets/us/global-markets-view-usa-2024-04-23/
Quick Glance: Overview: Tesla Stocks Plummet, Europe Business Surpasses Expectations
- World markets have brightened slightly this week, but Tesla is facing a critical earnings test, while Europe's business pulse has surprisingly been lively this month.
- Following the worst week on Wall Street since 2022, relief from easing Middle East tensions helped stabilize the situation on Monday. The chip giant Nvidia made a modest recovery from losses as Big Tech megacaps gear up for quarterly earnings releases.
- As the first of the 'Magnificent 7' Vanguard stocks, electric vehicle giant Tesla will report on Tuesday, having plummeted by a substantial 43% year-to-date and nearly 60% over the past two years amidst fierce price competition, declining EV demand, and governance/product concerns.
- While Big Tech jitters define this month's market fluctuations, investors will closely watch the upcoming results for a clearer perspective.
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