Even though policymakers in Beijing may be putting up a sanguine show, not all is well with China’s economy. Its latest official data reveals that prices in China fell 0.7% from a year earlier in February, marking the first time in more than a year that the economy is in the grip of deflation. Also…
By Rishi Kant (Reuters) – Micron Technology forecast quarterly revenue and profit below Wall Street estimates on Wednesday, sending shares lower as weak demand for consumer-centric products such as personal computers and smartphones impacts the chipmaker’s business. The market for dynamic random-access memory (DRAM) chips, which account for most of Micron’s revenue, remains sluggish because…
(Bloomberg) — China’s major technology stocks have been left behind in this year’s global frenzy over artificial intelligence, and a lack of demand for actual AI usage coupled with geopolitical pressures make it unlikely they can cash in anytime soon. Most Read from Bloomberg The Nasdaq 100 has soared more than 75% since ChatGPT was…
DELRAY BEACH, Fla., Nov. 27, 2024 /PRNewswire/ — Future of EV Manufacturing Market size is projected to grow from 15,707 thousand units in 2024 to 46,315 thousand units by 2035, at a CAGR of 10.3%, according to a new report by MarketsandMarkets. The future of electric car manufacturing is driven by advances in modular and flexible assembly…
By Liangping Gao, Ellen Zhang and Marius Zaharia BEIJING/HONG KONG (Reuters) – China’s central bank has shifted to a more aggressive easing stance, but its policy weapons don’t have the key enemy to economic growth in their line of sight: the persistently weak consumer demand. The liquidity injections and the lower borrowing costs flagged by…
By Kevin Yao BEIJING (Reuters) – Chinese policymakers will likely step up measures to at least help the economy meet an increasingly challenging growth target for 2024, analysts and policy advisers say, with a sharper focus on boosting demand to fight persistent deflationary pressures. Official data showed the world’s second-largest economy slowed broadly in August,…