Chinese consumers are tightening their belts across sectors from beauty products to jewelry, though are still spending big on restaurants, as a list of headwinds signal growing uncertainty about the …
Monthly Archives For August 2023
Structural Change Underway in China Property: McCormack
“We think there is a structural change underway in China’s property sector.” James McCormack, managing director, global head of sovereigns at Fitch Ratings, discusses China’s credit rating and his …
Chinese smartphone brand shipments rise in 2Q23; volume to continue picking up in 2H23, says DIGITIMES Research
According to DIGITIMES Research’s statistics and analyses, second-quarter 2023 smartphone shipments by China-based smartphone vendors exhibited a 7.4% on-quarter growth but a 6.1% on-year decline. In …
Estée Lauder’s Big Bet on China Is Looking Not So Pretty
Estée Lauder’s longtime chief, Fabrizio Freda, is under pressure to show he can turn around the beauty giant’s key China and U.S. businesses.
China to keep halogenated rubber anti-dumping duty until probe is over
China’s commerce ministry said on Wednesday it will continue to impose anti-dumping duties on imports of halogenated rubber originating in the United States, the European Union and Singapore from Sunday.
JPMorgan hikes EM default forecast as Country Garden drives China contagion fears
JPMorgan expects the China property sector to account for nearly 40% of all high yield default volumes in emerging markets in 2023.
China military action to US stopover would be election interference, Taiwan VP says
Any Chinese military action in response to the stopovers in the U.S. by Taiwan Vice President William Lai would be an attempt by Beijing to interfere in the island’s elections, Lai said during a trip…
Janet Yellen inadvertently ate hallucinogenic mushrooms in China – and started a trend
I was not aware that these mushrooms had hallucinogenic properties. I learned that later,’ the US Treasury secretary told CNN
China New-Home Prices Drop at Faster Pace as Slowdown Worsens
China home prices dropped for a second month in July, a further sign of the deepening property slowdown that’s weighing on the world’s second-largest economy.
Yen treads on intervention zone; kiwi, Aussie dollars hit by China woes
The China gloom saw the Australian and New Zealand dollars … as they have been last year in their rhetoric against defending a weakening yen, with Finance Minister Shunichi Suzuki saying on Tuesday …
Founder of Huobi crypto exchange thought to be tenant of new US$128 million mansion in Hong Kong’s Kowloon Tong
A 11,692 square feet house in Kerry Properties’ Mont Verra project in Beacon Hill has been leased to a person named Li Lin, public record shows Li Lin, founder of Huobi Global, sold all his…
Biden’s executive order on China shows why A.I. is so different from other technology
A.I. is creating new challenges for the U.S. effort to stop China’s military from obtaining advanced technology.
China adopts interim AI rule requiring technology to back the communist system
China on Tuesday implemented a new interim regulation requiring providers of artificial intelligence services to support the communist system and prevent the technology from subverting state power, according to the text of the administrative measure.
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