Morning Bid: China profits eyed as Xi meets US biz chiefs:
reuters.com/markets/asia/global-markets-view-asia-graphic-pix-2024-03-26/
Quick Glance: China Profits in Focus as Xi Meets US Business Leaders
- Chinese industrial profits and Australian inflation take center stage in the Asian and Pacific economic calendar.
- President Xi Jinping will meet with U.S. business leaders to discuss economic, business, and political spheres.
- Insights into the profitability of Chinese industrial firms and Australian consumer inflation are anticipated.
- Japanese officials express concerns over the yen as significant economic developments unfold in China and Australia.
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| Last Updated | Mar 27 |
| Total Articles | 4 |
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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
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 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/
Taiwan reports Chinese military activity after Blinken leaves Beijing: Taiwan reported renewed Chinese military activity near the island on Saturday with 12 ...
reuters.com/world/asia-pacific/taiwan-reports-chinese-military-activity-after-blinken-leaves-beijing-2024-04-27/
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.
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.
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/
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
Paid articlePaid 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
TSMC aims to produce ultra-advanced 1.6-nm chips by 2026 : TAIPEI -- Taiwan Semiconductor Manufacturing Co. says it will start production of ultra-advanced ...
asia.nikkei.com/Business/Tech/Semiconductors/TSMC-aims-to-produce-ultra-advanced-1.6-nm-chips-by-2026
Paid articlePaidQuick Glance: TSMC to Produce Ultra-Advanced 1.6-nm Chips by 2026
- Taiwan Semiconductor Manufacturing Co. announced at the North America Technology Symposium in California that it will start production of ultra-advanced 1.6-nanometer chips by 2026 to secure its leadership over the next decade.
- TSMC unveiled its A16 technology at the symposium, emphasizing that the introduction of 1.6-nm chipmaking technology can greatly improve logic chip density and performance.
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
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’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
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
Xi warns Blinken: Stop being two-faced: America is “saying one thing and doing another,” Chinese leader cautions top US diplomat.
politico.eu/article/china-xi-jinping-us-antony-blinken-stop-being-two-faced-biden/
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
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
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/
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
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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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.
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
Paid articlePaid 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
Paid articlePaid 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
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
Chinese President Xi to Visit Hungary on May 8-10, Minister Says: Chinese President Xi Jinping will visit Hungary from May 8 to 10 as part of a trip to Europe ...
bloomberg.com/news/articles/2024-04-25/chinese-president-xi-to-visit-hungary-on-may-8-10-minister-says
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
Paid articlePaid
Blinken meets Xi, and Supreme Court Considers Presidential Immunity: Plus, Haiti gets a new government.
nytimes.com/2024/04/26/podcasts/us-china-weinstein.html
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/
Blinken Meets With Xi as U.S. Pressures China to End Support for Russia: Secretary of State Antony Blinken urged China to cut back its support for Russia’s ...
wsj.com/world/blinken-meets-with-xi-as-u-s-pressures-china-to-end-support-for-russia-96e831e0
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/
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’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
Paid articlePaid 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
Reuters World News: Blinken in China, Trump immunity, Haiti violence and Russian censors
reut.rs/3vZMHJ7
India’s leaders must deal with three economic weaknesses: For growth to become more sustainable, it needs to be broader based
economist.com/special-report/2024/04/22/indias-leaders-must-deal-with-three-economic-weaknesses
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/
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
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
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's young feeling the squeeze of cost of living are finding homes in older cities
abc.net.au/news/2024-04-27/china-young-finding-homes-ageing-cities-cost-living-unemployment/103767786
Why elections in India, the world’s largest democracy, are crucial to watch: As India heads to the polls this week, in what will be the biggest democratic ...
pbs.org/newshour/world/why-elections-in-india-the-worlds-largest-democracy-are-crucial-to-watch
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/
These are the places where Chinese-owned TikTok is already banned: is in the cross hairs of authorities in the
scmp.com/news/world/united-states-canada/article/3260539/these-are-places-where-chinese-owned-tiktok-already-banned
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.
Xpeng’s flying car affiliate AeroHT closes in on airworthiness certification as Chinese EV maker targets fourth-quarter presales
scmp.com/business/china-business/article/3260577/xpengs-flying-car-affiliate-aeroht-closes-airworthiness-certification-chinese-ev-maker-targets
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
The US relationship with China is entering a dangerous era: China and the US are seeking to improve relations amid fears the powers are on a collision course.
businessinsider.com/us-relationship-china-dangerous-era-xi-jinping-blinken-meeting-2024-4
How does China feed its population? | NZZ: For Xi Jinping, food security is a top priority. However, China's dependence on food imports is growing - a risk in ...
nzz.ch/international/wie-ernaehrt-china-seine-bevoelkerung-nzz-ld.1827429
Climate summit in Berlin: A world without coal: In times of tight national coffers, the question remains where the billions for the climate will come from ...
zdf.de/nachrichten/politik/ausland/petersberger-klimadialog-finanzierung-100.html
Blinken tells China it's in their interest to stop helping Russia : NPR's Steve Inskeep speaks with U.S. Secretary of State Antony Blinken following his talks ...
npr.org/2024/04/26/1247405942/antony-blinken-tells-china-stop-helping-russia
Williams-Sonoma must pay almost $3.2 million for violating FTC's 'Made in USA' order
apnews.com/article/williams-sonoma-fine-ftc-made-usa-10313984e90fa206d219ed0546a2b9a2
Biden places politics over strategy in US Steel sale: Eight years ago, then-president Barack Obama made a decision that has undermined US standing and influence ...
asiatimes.com/2024/04/biden-places-politics-over-strategy-in-us-steel-sale/
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/
Take Five: Fed straight ahead: A U.S. Federal Reserve meeting and Apple and Amazon reporting results will keep investors' focus in the days ahead on the global ...
reuters.com/business/take-five/global-markets-themes-graphic-2024-04-26/
What to read about India’s economy: Can it emulate China’s past manufacturing success—and should it even try?
economist.com/the-economist-reads/2024/04/22/what-to-read-about-indias-economy
Xi tells Blinken US, China must be ‘partners, not rivals’: Chinese President Xi Jinping on Friday told top US diplomat Antony Blinken that the world’s two ...
english.alarabiya.net/News/world/2024/04/26/xi-tells-blinken-us-china-must-be-partners-not-rivals-
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
A Megaraptor Emerges From Footprint Fossils, Study Suggests: A series of foot tracks in southeastern China points to the discovery of a giant velociraptor ...
nytimes.com/2024/04/24/science/velociraptor-fossil-china.html
Handbags and China demand boost sales at Hermes: Maker of Birkin bags beats expectations with strong demand for leather goods and jewellery as it defies luxury ...
cnaluxury.channelnewsasia.com/obsessions/handbags-and-china-demand-boost-sales-hermes-244561
Pursuing Rapprochement Between China, Japan, and South Korea: Restarting the trilateral could be a remedy for the growing geopolitical rift and help ensure ...
thediplomat.com/2024/04/pursuing-rapprochement-between-china-japan-and-south-korea/
Choose between stability and ‘downward spiral’ China tells Blinken during Beijing trip
cnn.com/2024/04/25/world/stability-spiral-china-blinken-intl-hnk/
Hamas and Fatah officials head to China for talks as Israel pummels Gaza: Fatah delegation is led by senior official Azzam Al Ahmed and Moussa Abu Marzouk is ...
trtworld.com/middle-east/hamas-and-fatah-officials-head-to-china-for-talks-as-israel-pummels-gaza-17934867
German and American China policy in comparison: Now the friendly thing is over: Chancellor Scholz was just in China and flattered the Communist Party leadership ...
spiegel.de/ausland/us-aussenminister-antony-blinken-in-china-a-13290ec9-8282-46e9-88d8-2e7328468b99
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
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
Nissan, Mazda roll out new models for China as they aim for comeback: Nissan Motor and Mazda Motor unveiled new cars tailored for Chinese drivers on Thursday ...
reuters.com/business/autos-transportation/nissan-unveils-four-concept-cars-fuel-china-comeback-2024-04-25/
Hermes 1st quarter sales jump 17% on strong China demand: Birkin bag maker Hermes reported a 17% surge in first-quarter sales on Thursday ...
reuters.com/business/retail-consumer/hermes-q1-sales-jump-17-growth-across-regions-2024-04-25/
China's largest auto show showcases all-electric future, local brands dominate: China's largest auto show opened in Beijing on Thursday with the biggest names ...
reuters.com/business/autos-transportation/chinas-largest-auto-show-showcases-all-electric-future-local-brands-dominate-2024-04-25/
The Brief – When little Olaf meets big Xi: German Chancellor Olaf Scholz's recent visit to China is an example of a “do-it-alone” foreign policy appr
euractiv.com/section/eu-china/opinion/the-brief-when-little-olaf-meets-big-xi/
After Zhao Leji’s Visit, What’s Next for China-North Korea Relations?: Recently, North Korea’s relations with Russia have seemingly outpaced ties with China ...
thediplomat.com/2024/04/after-zhao-lejis-visit-whats-next-for-china-north-korea-relations/
Ad group WPP trails rivals with decline in organic revenue: Britain's WPP became a clear laggard among global ad companies with a drop in organic revenue drop in ...
reuters.com/business/media-telecom/ad-group-wpp-reports-16-drop-first-quarter-organic-growth-2024-04-25/
Singapore Hedge Fund APS Says Founder to Step Down as CIO: APS Asset Management Pte founder Kok-Hoi Wong is preparing to step down as chief investment officer of ...
bloomberg.com/news/articles/2024-04-26/singapore-hedge-fund-aps-says-founder-to-step-down-as-cio
Paid articlePaid What US should do next on national security: The US Congress just passed — and Biden signed — a major national security bill. The bill has four main provisions: ...
asiatimes.com/2024/04/what-us-should-do-next-on-national-security/
Toyota sells more than ten million vehicles for the first time: Sales of e-cars almost tripled in the past financial year to 116,654. However ...
diepresse.com/18403111/toyota-verkauft-erstmals-mehr-als-zehn-millionen-fahrzeuge
Nord Stream sabotage: China calls for international investigation: Beijing on Friday called on the United Nations to open an investigation into explosions that ...
berliner-zeitung.de/news/nord-stream-sabotage-china-fordert-internationale-untersuchung-li.2209925
Paid articlePaid A brutal elimination round is reshaping the world’s biggest market for electric cars
cnn.com/2024/04/24/business/china-ev-industry-competition-analysis-intl-hnk/
Asia-Pacific States Must Divorce Their Industry Friends for a Strong Global Plastics Treaty
thediplomat.com/2024/04/asia-pacific-states-must-divorce-their-industry-friends-for-a-strong-global-plastics-treaty/
Veteran Hong Kong teacher fired and who lost pension over 2019 unrest Facebook posts wins appeal against ‘harsh and oppressive’ decision
scmp.com/news/hong-kong/law-and-crime/article/3260586/veteran-hong-kong-teacher-fired-and-who-lost-pension-over-2019-unrest-facebook-posts-wins-appeal
North Koreans forced to process seafood that ends up in U.S., investigation reveals
pbs.org/newshour/show/north-koreans-forced-to-process-seafood-that-ends-up-in-u-s-investigation-reveals
Apple Sinks From First to Fifth Place in Chinese Smartphone Market: Analytics company Canalys has released its latest report on China's smartphone market for ...
macrumors.com/2024/04/26/apple-sinks-fifth-place-china-handset-market/
Quick Glance: Apple deepens ties with China amidst supply chain shifts
- Apple is increasing the number of China-based suppliers and Chinese manufacturing sites while decreasing the number of suppliers from Taiwan, the U.S., Japan, and South Korea.
- The company is navigating a balancing act between politics and business by expanding its production in Southeast Asia and India.
- This trend is evident in Apple's latest official supplier list, highlighting China's growing importance.
China is pushing couples to have more babies for the good of the country. Many young people are saying no
abc.net.au/news/2024-04-25/fertility-rates-in-china-dropping/103654528
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