President Xi Jinping has spoken out against unilateral sanctions and trade barriers – reiterating China’s support for globalisation as the international economic environment turns more protectionist – in an article published on the opening day of a high-profile supply chain expo. Wednesday’s piece in Qiushi – the leading theoretical journal of the ruling Communist Party…
As its sales continue to crater in the US and Europe, Tesla’s reliance on China — its second-largest market and biggest production hub — is growing. But thanks to a surge in far more price-competitive and lucrative offerings from Chinese EV manufacturers like BYD, Tesla’s woes look poised to metastasize there as well. Its market…
Jiang Enzhu, the first head of the central government’s liaison office in post-handover Hong Kong, famously likened understanding the city to reading a challenging book – one that demands serious attention and effort. At the time, his words served as a cautionary note to mainland officials. Now, Hong Kong having marked the 28th anniversary of…
Chinese officials are arguing for cryptocurrency regulations to deal with seized assets. Despite a trading ban, Chinese local governments have reportedly been selling seized crypto assets through private companies. While mainland China continues to uphold its cryptocurrency ban, Hong Kong is pushing to become a cryptocurrency hub. Once the leading cryptocurrency trading and mining hub,…
Nvidia (NVDA) CEO Jensen Huang reportedly met with Chinese officials in Beijing after the chipmaker disclosed a $5.5 billion loss due to new US chip trade restrictions on exports to China, which sent the stock tumbling on Wednesday. Moor Insights & Strategy founder, CEO, and chief analyst Patrick Moorhead joins Morning Brief with Madison Mills…
(Bloomberg) — China wants to see a number of steps from President Donald Trump’s administration before it will agree to trade talks, including showing more respect by reining in disparaging remarks by members of his cabinet, according to a person familiar with the Chinese government’s thinking. Most Read from Bloomberg Other conditions include a more…
Hong Kong’s Democratic Party, once a powerful opposition force in the city’s political landscape, is a step closer to disbanding after nearly all of the members attending an extraordinary meeting authorised the leadership to go ahead with the plan. Chairman Lo Kin-hei said on Sunday that more than 110 people attended the 1½-hour meeting, with…
Hong Kong’s Democratic Party, once a powerful opposition force in the city’s political landscape, is a step closer to disbanding after nearly all of the members attending an extraordinary meeting authorised the leadership to go ahead with the plan. Chairman Lo Kin-hei said on Sunday that more than 110 people attended the 1½-hour meeting, with…
(Bloomberg) — Chinese shares plunged and sovereign yields neared an all-time low as investors braced themselves for the fall-out of a spiraling trade conflict between the world’s two largest economies. Most Read from Bloomberg A closely-watched gauge of Chinese shares listed in Hong Kong tumbled 13.8%, putting it into a bear market. Hong Kong’s Hang…
Walmart (WMT) was summoned by Chinese officials for attempting to pass U.S. tariff costs onto suppliers, but it’s hardly alone in its approach. McDonald’s is splitting its teams to conquer beef, chicken, and beverages. Starbucks (SBUX) is encouraging customers to sip their coffee in comfy seats and charge their phones – as long as they…