China’s BYD, the world’s largest maker of electric vehicles, operates an electric business factory … [+] in California. (Xinhua/Li Ying via Getty Images) Xinhua News Agency via Getty...
Tag: China
Pelosi’s Taiwan Visit Is Another Blow To Global Tech
TAIPEI, TAIWAN – AUGUST 03: Speaker of the U.S. House Of Representatives Nancy Pelosi (D-CA), left, … [+] poses for photographs after receiving the Order of Propitious Clouds with Special ...
Beijing’s Blockade Of Taiwan Is The Latest Sign Washington Needs To Streamline Its Defense Trade With Allies
China’s live-fire exercises around Taiwan in response to a visit by House Speaker Nancy Pelosi are being described as a de facto blockade, foreshadowing the strategy Beijing could one day use to force...
Why Not To Worry, China Chip Stocks Rally, Week In Review
China Last Night KraneShares Week in Review Asian equities ended a volatile week mostly higher as China released mixed economic data showing that the services economy expanded above expectations while...
China suspends climate and military ties with US
Beijing announced on August 5 that it would halt cooperation with the US in climate and military-related areas due to US House Speaker Nancy Pelosi’s visit to Taiwan. Furthermore, China decided to san...
Taiwan’s trade with China is far bigger than its trade with the U.S.
Apple supplier Foxconn, also known as Hon Hai Precision Industry, is based in Taiwan but has factories across mainland China. Sopa Images | Lightrocket | Getty Images BEIJING — Data show that Taiwan d...
Alibaba Beats As Hong Kong Internet Rebounds & Defense Stocks Fall
China Last Night KraneShares Alibaba Q2 Earnings Overview Alibaba beat on the big three numbers investors and analysts care about: Revenue, Adjusted Net Income, and Adjusted EPS. YES, year over year, ...
Copper Worth Nearly Half a Billion Dollars Goes Missing in China
(Bloomberg) — A group of Chinese companies are investigating why a commodities storage site in northern China is holding only one third of the copper concentrate they were financing, according t...
China Carries Out Biggest-Ever Military Drills Around Taiwan
Topline The Chinese military on Thursday carried out missile strikes as part of its biggest-ever military drills surrounding Taiwan, just a day after a U.S. delegation led by Speaker Nancy Pelosi visi...
Congress Is Giving Billions To The U.S. Semiconductor Industry. Will It Ease Chip Shortages?
Semiconductor chips are made by etching microscopic patterns in silicon wafers. Many “fabs” use 300 … [+] mm diameter wafers and make chips in batches of a few hundred to thousands a...
How To Buy Better Time
All of us think that timing is exact, that it will always be there on our smartphones or watches. But these devices are not foolproof. Electromagnetic storms, foreign interference with satellites, and...
Hong Kong Internet High In Advance Of Alibaba’s Results As Caixin Services PMI Exceeds Expectations
China Last Night KraneShares Key News Asian equities had a positive day on light summer volumes except for Mainland China. Pelosi’s Taiwan visit did not spark World War III as some had feared. Plane t...
Bitcoin falls short of $25K as US, China tensions over Taiwan grow
Bitcoin (BTC) posted a local top of $24,600 on July 30 before closing three consecutive daily red candles. Peak to trough losses over this period came in at $1,800, or 7%. Today, August 3, sees some r...
China Mints New Billionaire Amid Military Tension
A security officer wearing a face mask walks in front of the Shanghai Stock Exchange building in … [+] Shanghai in 2020. (AP Photo) ASSOCIATED PRESS China minted a new billionaire on Wednesday e...
Starbucks (SBUX) Q3 2022 earnings beat estimates
An employee hands a bag to a customer at the drive-thru of a Starbucks coffee shop in Hercules, California, on Thursday, July 28, 2022. David Paul Morris | Bloomberg | Getty Images Starbucks on Tuesda...
Risk Off Ahead Of Taiwan Trip
China Last Night KraneShares Key News Northern Asia equities, i.e., Japan, China, Hong Kong, Taiwan, and South Korea, had a significant risk-off day while Southern Asia held up surprisingly well. Nanc...
U.S. And Chinese Stocks Plunge As Tensions Escalate Before Pelosi’s Visit To Taiwan
Topline Global stocks tanked ahead of House Speaker Nancy Pelosi’s planned visit to the democratically governed island of Taiwan on Tuesday, a move which has led to rising tensions with China and that...
Stock Market Today: Dow Futures Slip as Pelosi Goes to Taiwan, BP Stock Surges
Text size House Speaker Nancy Pelosi is set to arrive in Taiwan Tuesday. Chip Somodevilla/Getty Images Stocks were slipping Tuesday amid rising geopolitical tensions, as House Speaker Nancy Pelosi is ...
Battleships Are Back! Navy Abruptly Boosts DDG/CG Building Targets For 2045
A notional Navy rendering of DDG(X), America’s future super-sized surface combatant. U.S. Navy Battleships are back! In little more than five months, the shape of America’s future Navy fleet cha...
Oil Plunges as China Slowdown Spurs Concern Over Demand Outlook
(Bloomberg) — Oil slumped as poor manufacturing figures across the globe fueled concerns that a global slowdown may sap demand for crude. Most Read from Bloomberg West Texas Intermediate briefly...
Mainland Markets Shake It Off, Hong Kong Holds Up
China Last Night KraneShares Key News Asian equities had a positive start to the week except for Taiwan, which was off a touch. Mainland China media is reporting Nancy Pelosi is likely to visit Taiwan...
China Banks May Face $350 Billion in Losses From Property Crisis
(Bloomberg) — China’s banks face mortgage losses of $350 billion in a worst-case scenario as confidence plunges in the nation’s property market and authorities struggle to contain deepening turm...
Loss Ballooned At China Tavern Chain Helens Amid Lockdowns
Women wearing face masks look at a smartphone as they stand on a street corner in Beijing on July 6. … [+] Residents of parts of Shanghai and Beijing have been ordered this month to undergo furt...
China Home Sales Plunge in July, as Mortgage Revolt Deters Buyers
A nascent two-month recovery in China’s home sales ended in July, as a widespread mortgage revolt over concerns that ailing property developers wouldn’t be able to deliver still-unfinished apartments ...
US Futures Dip as Fed Comments, China Stir Caution: Markets Wrap
(Bloomberg) — US equity futures fell Monday and Asian stocks headed for a choppy start, hampered by the challenges swirling around China and a reminder from Federal Reserve officials that their ...