Blockchain is shaking up the financial sector and, given the popularity of bitcoin exchange-traded funds, regulators will need to step up their game when it comes to consumer protection and oversight, …
Monthly Archives For March 2024
Apple drops to fourth place in China’s smartphone sales
Counterpoint publishes comparative figures of the growth or decline of individual brands within China, but that’s a nonsense. It shows Huawei growing by 64%, while Apple dropped a huge 24%, but the …
Apple iPhone sales plunge 24% in China as Huawei smartphone business resurges, report says
Analyst firm Counterpoint Research said in a note Tuesday that iPhone sales plunged 24% in the period, as Apple faced stiff competition from local smartphone firms. Several rival Chinese smartphone …
China Sets Robust Economic Growth Goal but No Big Stimulus
Premier Li Qiang targets growth of about 5 percent this year but signals continued reluctance to use deficit spending for economic stimulus.
China’s New Economic Agenda, a Lot Like the Old One: Takeaways
At the National People’s Congress on Tuesday, China’s leaders set an ambitious goal for growth, exactly the same one as last year.
Soldiers, cops, cameras: China’s security state on show for Two Sessions
The entirety of the Chinese security state is on display in central Beijing this week, as the ruling Communist Party holds its biggest political confab of the year: the Two Sessions. It’s a highly …
China to step up quantum computing, AI in tech self-sufficiency drive
China will formulate plans to develop emerging industries including quantum computing and continue striving to achieve self-sufficiency in technology, a government work report said.It will also step …
China Boosts Military Spending By 7.2% Amid Anti-Corruption Probe, Vows To Deter Taiwan ‘Separatist Activities’
China has announced a significant increase in its military spending for 2024. This decision comes amid an ongoing anti-corruption probe within the People’s Liberation Army (PLA) and escalating …
China raises defense budget by 7.2% as it pushes for global heft and regional tensions continue
While the U.S. defense budget has declined to about 12% of government spending, the proportion China spends remains obscure because of the many civilian-military collaboration projects it runs, from …
China is laying out ambitious growth goals for 2024, and even Beijing knows they’ll be hard to hit
China’s premier, Li Qiang, announced a 5% economic growth target for 2024.The ambitious goal faces headwinds like a property crisis, deflationary pressure, and a demographic crisis.Economists suggest …
China National People’s Congress: Beijing aims for 5% growth in 2024
The National People’s Congress, China’s highest legislative body, holds its annual meeting this week at the Great Hall of the People near Tiananmen Square.
Oil steadies on OPEC+, underwhelming China reforms
Oil steadied on Tuesday after falling in the previous session as the prospect of a tighter market due to OPEC+ supply restraint offset concern over Chinese growth and uncertainty over the pace of …
Map Shows US Aircraft Carrier Near South China Sea Hotspots
The USS Theodore Roosevelt plotted a course past Taiwan and the Philippines as both grappled with flare ups with neighboring China.
