Foxconn reported a slide in November revenue, with a “portion of shipments being impacted” by the Covid outbreak in Zhengzhou, where it makes iPhones.
Monthly Archives For December 2022
Deutsche Bank upgrades Estee Lauder, says cosmetics stock will get a boost from China reopening in 2023
The firm said the increased likelihood Beijing will ease Covid restrictions next year raises confidence in the stock.
China cuts fines on a range of ride-hailing violations to help bolster the industry’s legal framework after Didi’s debacle
The transport ministry and five other agencies made revisions to the rules covering the administration of online taxi-booking business operations The revisions did not change existing penalties …
Series of “Overseas Talents’ China Visit to Shenzhen” Events Successfully Held
Academicians and experts from six countries gather together, exploring ways to trigger innovation with talents.SHENZHEN, CHINA, Dec. 06, 2022 (GLOBE NEWSWIRE) — A series of “Overseas Talents’ China …
In a Turbulent Time for China, Xi Projects Unity at an Ex-Leader’s Funeral
Paying tribute to President Jiang Zemin, China’s leader, Xi Jinping, urged the nation to rally around himself, a week after protests tested his authority.
Chinese FTX investors scramble to recoup losses, but Beijing’s anti-cryptocurrency stance leaves little hope
Crypto investors with thousands of dollars stuck in FTX are left with little chance for remedy in a country that has banned the digital assets China was the third-largest market for FTX, which …
US national security demands divestment from Communist China
A genomics group working to engineer super soldiers for the People’s Liberation Army. A dronemaker whose technology is used to monitor concentration camps. A cloud computing service whose facial …
China’s pension wealth management market sees steady operation
China’s pension wealth management market has seen steady operation since the country launched the pilot program last year, market data showed. The first four pilot retirement savings wealth management …
US Risks Stoking Inflation If Carbon-Linked Tariffs Hit China
China’s steel and aluminum exports are under attack once again, as the US and European Union weigh new tariffs linked to carbon emissions.Most Read from Bloomberg‘Huge, Missing and Growing:’ $65 Trill …
China’s Factories Struggle With Slow Dismantling of Covid Curbs
Before October, Qiang had about 30 workers in his garment factory in Guangzhou’s Haizhu, a district often dubbed the apparel manufacturing capital of China. After more than a month of Covid lockdowns, …
Nanjing students protest against campus lockdown as China eases Covid-19 curbs
Students protested against a lockdown at a university in eastern China, highlighting continued anger as huge numbers of people across the country still face restrictions despite the government easing …
China Repeats Claim to Taiwan Strait as U.S. Ally Eyes Naval Presence
The U.S. sails naval assets through the strait on a near-monthly basis to assert navigational rights. In September, a frigate from the Royal Canadian Navy and a U.S. Navy destroyer conducted their only joint transit…
Factbox: Saudi-China energy, trade and investment ties
Saudi Arabia is China’s top oil supplier, making up 18% of China’s total crude oil purchases, with imports totalling 73.54 million tonnes (1.77 million barrels a day) in the first 10 months of 2022, …
