Robert Rubin famously launched a “strong dollar policy” for the US in the 1990s, helping to establish a narrative of American economic strength for the latter half of that decade. Chinese President Xi …
Monthly Archives For February 2024
Battery swapping is taking off in China — and it could help rescue the EV revolution in the US
Battery swapping in China might help rescue America’s EV revolution. Anxieties over range and charging are putting drivers off going electric.
‘I’m Singaporean!’: TikTok CEO fires back at GOP senator pressing him about possible ties to China
Sen. Tom Cotton (R-AR) repeatedly asks TikTok CEO Shou Zi Chew, who is from Singapore, whether he is Chinese and a member of the Chinese Communist Party.
China accounted for 10 per cent of Meta’s sales in 2023 as Chinese brands seek global exposure
China accounted for 10 per cent of Meta’s total revenue of US$134.9 billion, up from 6 per cent in the previous two years, according to financial results The country also accounted for a larger proportion…
China chip maker YMTC says its tech not for military use after Pentagon list
China’s top memory chip maker YMTC said on Saturday its technology is not for military use after it was added to a Pentagon list of entities assisting China’s military.
Strong iPhone sales help Apple return to growth, but its stock falls on cautious guidance
However, with sales falling more than 13% in the all-important Chinese market, and a warning of weakness in iPhone sales over the current quarter, the company’s stock dipped in extended trading. The iPhone maker reported…
China’s Qianhe Capital Management says star fund manager to step down
SHANGHAI, Feb 3 (Reuters) – China’s Qianhe Capital Management said on Saturday its … is the latest high-profile Chinese business executive to be investigated or detained. The Federal Energy …
China launches powerful Jielong-3 rocket, paves way for more commercial missions
A small but powerful Chinese rocket capable of sending payloads at competitive costs delivered nine satellites into orbit on Saturday, Chinese state media reported, in what is gearing up to be another busy year for…
Insight: How North Korean eyelashes make their way to West as ‘made in China’
Millions of dollars in sales of North Korean false eyelashes – marketed in beauty stores around the world as “made in China” – helped drive a recovery in the secretive state’s exports last year.
DICT: China hackers breached gov’t emails, sites
The DICT said hackers believed to be operating in China breached into the email systems and internal websites of several government agencies that used Google Workspace.
Apple stock falls even after earnings beat Wall Street’s expectations
Apple’s shares fell during after-hours trading even after the company’s earnings beat Wall Street’s expectations.
China Says Philippine Vessel ‘Illegally’ Landed on Disputed Atoll
SHANGHAI (Reuters) – China said on Saturday a small civilian vessel from the Philippines had “illegally placed itself on the beach” of an atoll in the South China Sea that both countries claim. The vessel,…
IMF Predicts China Economy Slowing Over Next Four Years
The International Monetary Fund says China’s economic decline is likely to continue over the next four years as the world’s second largest economy deals with a range of challenges from a rapidly aging population,
