China restriction of iPhones could spell trouble for Apple’s earnings; Bank of America projects a potential impact of $0.34 per share.
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China is pushing ahead with dedollarization, hoarding gold for a 10th straight month after slashing Treasury holdings to a 14-year low
China’s gold stockpiling comes amid the country’s bid to erode the dollar’s global dominance, as well as growing economic uncertainty within the Asian state.
The China Model Is Dead
For that, economists agreed, China would need to liberalize its financial sector and relax the hand of the state on private enterprise. Early in his tenure, Xi seemed to accept these imperatives. In …
Kelly Evans: Why China is turning into a liability for American companies
One of my bigger regrets from college is that I couldn’t — because of scheduling and other conflicts — go on a six-week trip the business school was offering to China. This was back in…
WHO warns of rising global trend of COVID-19; Chinese expert advocates for increasing stockpile of antiviral medicine
the WHO’s technical lead on COVID-19, said. Zhuang Shilihe, a medical expert based in Guangzhou, South China’s Guangdong, suggested that China should also strengthen its monitoring on COVID-19, …
Shenzhen to discharge water from its reservoir
The government has warned that there is a risk of flooding in some parts of the New Territories, saying it’s been informed by Shenzhen authorities …
How China gets free intel on tech companies’ vulnerabilities
German industrial control system tech firm Phoenix Contact also denied giving China vulnerability information, writing in a statement, “We make sure that potential new vulnerabilities are handled with …
Bank of China opens branch in Saudi Arabia
BEIJING (APP) – Bank of China (BOC), one of four biggest state-owned commercial banks, has opened its first branch in Riyadh, the capital of Saudi Arabia, which will further expand the use of the yuan…
China: Rising Debt, Lower Growth and Financial Imbalances Test Shift to Consumption-led Economy
The risk of policy mistakes has increased as China’s authorities try to tackle financial imbalances, including high local government debt, while shifting towards a consumption-led growth model.
Apple Tumbles, Drags Wall Street Lower as Fears Grow Over China IPhone Curbs
Apple suppliers and companies with large China exposure including Broadcom, Qualcomm and Texas Instruments fell between 1.2% and 2.8%. The iPhone maker’s drop also pulled down the three main U.S.
China names veteran economic planner Yang Yinkai to Communist Party’s top financial policy body
Government website confirms Yang Yinkai is now deputy head of the powerful Central Financial and Economic Affairs Commission’s general office, where he will work under Vice-Premier He Lifeng, his …
China Bans Government Officials from Bringing iPhones and Imported Devices to Work
Follow Financial World on MSN to see more of our exclusive content. US National Security Alert: Huawei’s Mate 60 Pro Chip Raises Eyebrows Amid Sanctions Europe Moves Towards Ensuring Independence from …
China’s renminbi hits 16-year low after exports tumble in August
Trade turbulence and property sector woes, combined with sluggish consumer sentiment, led prices to fall in July. Factory activity slowed for a fifth consecutive month in August. China’s official economic growth target for this year…