China News
BofA Securities analyst Lorraine Hutchinson reiterated a Buy rating at Lululemon Athletica Inc. (NASDAQ:LULU) with a price target of $355. The analyst says that the data shows that LULU’s sales in China have picked up momentum in the third quarter to date, following a slowdown in the second quarter. Notably, Meritco’s data shows that Lululemon’s…
As the U.S. continues to strengthen restrictions on advanced technology in China, U.S.-based chip equipment manufacturers are reportedly telling suppliers to find alternatives to Chinese-made components. Chip equipment makers, including California-based Applied Materials (AMAT) and Lam Research (LRCX), have told suppliers they worry risking their vendor status for using certain components supplied by China, the…
The presidential race between Donald Trump and Kamala Harris comes as geopolitical tensions escalate on multiple fronts. In the 16th report of an in-depth series, Holly Chik looks at how the next stage in the tech rivalry with China might play out. The growing support across the political divide in Washington for curbs on China’s…
The United States on Monday called out Russia and China at the United Nations Security Council for “shamelessly protecting” and emboldening North Korea to further violate UN sanctions as Pyongyang pledged to accelerate building up its “nuclear force”. “Russia and China have shamelessly protected Pyongyang from any reprisal, or even condemnation of its actions,” said…
Three Chinese astronauts successfully touched down on Earth after returning home from space. Ye Guangfu, Li Cong and Li Guangsu were on a six month mission aboard China’s Tiangong space station, according to Space.com. During the mission, they conducted tasks such as studying ancient microbiomes, breaking China’s record for the longest spacewalk and installing protective…
GENEVA (AP) — China has moved forward with a complaint at the World Trade Organization that alleges the European Union has improperly set anti-subsidy tariffs on new Chinese-made electric vehicles. The Chinese diplomatic mission to the WTO said Monday it “strongly opposes” the measures and insisted its move was designed to protect the EV industry…
Shares of fast-food company Yum China (NYSE:YUMC) jumped 9.1% in the morning session after the company reported strong third-quarter earnings that significantly blew past analysts’ sales and EBITDA estimates. Notably, the same-store sales growth improved on strong contributions from both the KFC and Pizza Hut brands as the company continued to optimize pricing while introducing…
Chinese aircraft carrier CNS Shandong (17) sailed into the Philippine Sea accompanied by two escorts and conducted flight operations there on Monday, according to a Japan Joint Staff Office (JSO) release. This is the third time that Shandong has deployed to the Philippine Sea this year. Meanwhile, People’s Liberation Army Navy (PLAN) ships and a…
GENEVA (AP) — China has moved forward with a complaint at the World Trade Organization that alleges the European Union has improperly set anti-subsidy tariffs on new Chinese-made electric vehicles. The Chinese diplomatic mission to the WTO said Monday it “strongly opposes” the measures and insisted … Source link
