US stocks were poised for a steep retreat from record highs on Wednesday, as techs came under dual pressure from worries about US export curbs on China and Donald Trump’s stance on Taiwan. Futures on…
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ASML’s Surging China Sales Underscore US Threat of Tighter Curbs
ASML’s surging sales to China in the second quarter accounted for nearly half of the Dutch company’s revenue, revealing the limited impact of US export restrictions so far as the Biden administration considers even tougher…
China manufacturing outpaces economy for third straight quarter
CHINA’S manufacturing sector grew faster than the overall economy for a third quarter in a row, underscoring how industry and exports are driving growth in the world’s second-largest economy. Read more at The Business Times.
It looks like the party’s over for luxury goods in China
Luxury retailers say they’ve been hit by slumping sales in China, while tourism spending in Japan booms.
It looks like the party’s over for luxury goods in China
Luxury retailers say they’ve been hit by slumping sales in China, while tourism spending in Japan booms.
Luxury brands feel the sting as Chinese growth slows
The prolonged downturn in luxury spending in China is unlikely to reverse this year, analysts and executives warn, deepening a rout which has wiped almost $200 billion off the sector’s value in recent …
China Duty Free Group among top 500 China brands, leads travel sector again
The World Brand Summit and China’s 500 Most Valuable Brands news release event in Beijing, June 19, 2024. [Photo courtesy of organizers] China Duty Free Group (CDFG), a subsidiary of China Tourism …
‘Garbage time’: China’s slump spins out new meme of economic despair
China’s sputtering economy has prompted a dire, new shorthand online for pessimism about the prospects for any turnaround for jobs, incomes and opportunity: “the garbage time of history.”
Fewer than 20 Chinese EV brands will be profitable by 2030 but Beijing set to dominate global auto market
The rapid expansion of China’s electric vehicle industry is facing a major correction by the end of the decade, with nearly nine in 10 existing brands on the chopping block.
China’s Communist Party charts technology- and security-focused development for reviving the economy
China’s people are keeping a tight rein on spending … Since taking power in 2012, Xi has sought to strengthen the party’s controls over business and society, launching crackdowns on corruption, the …
Analysis-Luxury brands feel the sting as Chinese growth slows
A big portion of that – about 85 billion euros – was from LVMH, which was overtaken by ASML in June as Europe’s second most valuable listed company.Analysts at JPMorgan said signs of improving …
Bill Ackman’s IPO and X stardom collide
Plus, a shocking bankruptcy court ruling for private equity lawyers and Intel venture arm’s big bets in China raise US alarms …
China’s counter-intuitive semiconductor exports surge goes unnoticed
China’s aggressive automotive exports caught the world’s attention, hitting a record high in the first half of 2024 but starting to slow down after tariffs imposed by Europe and the United States. However,
