In May 2022, United Nations, including Michelle Bachelet, U.N. High Commissioner for Human Rights, are to visit Xinjiang, China, to investigate the allegations of serious human rights violations. This...
Tag: China
From Estee Lauder to Apple, China’s Covid restrictions take their toll
Factories in China affected by Covid lockdowns can conditionally resume work, by housing workers on-site. Pictured here is an auto parts manufacturer in Suzhou that has had 478 employees on site since...
Events in China, India Have Also Weighed on Crypto Prices
“In one remarkable stretch, Taiwan went 200 days without a COVID-19 case, and without China-style lockdowns. The secret sauce? Thanks to privacy-protecting encryption, citizens were happy to sca...
Jack Ma ‘Arrest’ and SEC’s DiDi Investigation Whack China Tech Stocks
Mainland traders will have a nasty shock on their hands when they return to their computer screens on Thursday after a long holiday. The Hong Kong market saw heavy selling here on Wednesday in Chinese...
Internet Stocks Clipped In Hong Kong, Mainland Markets To Reopen Tomorrow
China Last Night KraneShares Key News Asian equities were mixed but mostly lower overnight as Hong Kong was a significant laggard and Mainland China was closed. Growth and internet stocks were clipped...
Yum Brands (YUM) Q1 2022 earnings
Vehicles wait in line at the drive through lane of a Yum! Brands Inc. Kentucky Fried Chicken (KFC) and Taco Bell restaurant in Lockport, Illinois, U.S. Daniel Acker | Bloomberg | Getty Images Yum Bran...
Press Freedom Under Increasing Pressure Globally
On May 3, 2022, for the World Press Freedom Day, Reporters Without Borders (RSF) published their annual World Press Freedom Index, which assesses the state of journalism in 180 countries and territori...
Nio starts trial production of smart EV that could challenge Tesla’s Model 3 as it races to gain edge over rivals in China
Chinese electric car maker Nio has kicked off operations at its second factory as it races to get ahead of rivals that are struggling with a worsening supply chain bottleneck. The Shanghai-based carma...
A Man Named Ma Spooks Alibaba HK
Key News It was a quiet night in Asia as China was closed for Labor Day, Japan for Constitution Day, and many countries with Muslim populations for Eid al-Fitr, which marks the end of Ramadan fasting....
Ambani, Adani in India’s green hydrogen rush but hurdles remain
Hydrogen packs a lot more punch than lithium-based batteries. India’s federal minister Nitin Gadkari (second from left) seen here launching the country’s first green hydrogen-based advance...
China Messaging On Ukraine Shows Support For Russia’s Invasion: U.S. State Department
Vladimir Putin, Russia’s president, right, and Xi Jinping, China’s president, listen to questions at … [+] the St. Petersburg International Economic Forum in 2019. Photographer: Andrey Rud...
China Contagion Threatens to Derail the World’s Emerging Markets
(Bloomberg) — A widespread selloff in China is rippling through emerging markets, threatening to snuff out growth and drag down everything from stocks to currencies and bonds. Most Read from Blo...
Front-Runner Bongbong Marcos Could Help America’s Retail Supply Chain
MANILA, PHILIPPINES – FEBRUARY 19: Ferdinand “Bongbong” Marcos Jr., the son of the late dictator … [+] Ferdinand Marcos, and Davao city Mayor Sara Duterte, daughter of Presiden...
Profit Falls At World’s Largest EV Battery Maker CATL Even As Sales Soar 136% In First Quarter
Solar panels stand in front of Contemporary Amperex Technology’s headquarters building in China in … [+] 2020. Photographer: Qilai Shen/Bloomberg © 2020 Bloomberg Finance LP Rising global ...
China EV Maker XPeng Says Covid Affecting Supply Chain; Deliveries Drop In April From March
The XPeng Inc. P7 Wing Limited Edition electric vehicle at an XPeng dealership in Shanghai last … [+] year.Photographer: Qilai Shen/Bloomberg © 2021 Bloomberg Finance LP XPeng, one of China’s la...
China Calls Out U.S. Dollar Dominance As It Buys Russian Coal With Yuan
The first shipments of Russian coal and crude oil, paid for in yuan, will arrive in China in April and May, respectively. Chinese state media used the opportunity to denigrate the United States, claim...
China Stock Exchanges To Close May 2-4 For Labor Day Holidays
Share to Facebook Share to Twitter Share to Linkedin The Shenzhen Stock Exchange is home to many of China’s top technology companies. Photographer: … [+] Qilai Shen/Bloomberg © 2016 Bloomb...
Lockdowns and supply chain disruption to accelerate Apple’s move away from China, with India a likely beneficiary, analysts say
Apple’s value chain in China, an emblem of the country’s global role as a source of labour and assembly, has been hit hard by strict lockdowns in Shanghai and neighbouring provinces, raisi...
Is China In Decline?
TOPSHOT – A picture of Chinese President Xi Jinping is seen on a large screen during a Cultural … [+] Performance as part of the celebration of the 100th Anniversary of the Founding of the...
Bitcoin retreats toward $38K after Friday sparks losses for ‘nearly everything’ outside China
Bitcoin (BTC) fell into the May holiday weekend after late trading saw crypto losses echo “basically everything.” BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Macro keeps BTC firmly in ...
Nio Stock, Tesla’s China Rivals To Report EV Sales After Covid Lockdowns
Nio stock is due to report April EV deliveries on Sunday after Nio (NIO) briefly halted production due to Covid lockdowns in China. X Xpeng (XPEV) and Li Auto (LI) also report China EV sales on Sunday...
Dow Jones Futures: Market Correction Intensifies; Warren Buffett’s Berkshire, Tesla China EV Rivals On Tap
Dow Jones futures will open on Sunday evening, along with S&P 500 futures and Nasdaq futures, with the upcoming Fed meeting in focus. The stock market correction intensified last week, as the majo...
Beijing Capital Airport Losses Since Start Of Pandemic Hit $735 Million
Travelers walk through Beijing Capital International Airport in Beijing, China, on Saturday, May 1, … [+] 2021. Photographer: Yan Cong/Bloomberg © 2021 Bloomberg Finance LP Beijing Capital Inter...
China Distributes $2.3 Million Worth of Digital Yuan to Shenzhen Citizens: Report
The Chinese authorities will reportedly give away 15 million yuan ($2.3 million) in e-CNY to the residents of Shenzhen’s Futian district. The move aims to boost the adoption of China’s CBDC and promot...
Internet Regulation Cycle Eases As Domestic Consumption Becomes Job #1, Week In Review
China Last Night KraneShares Week in Review Asian equities registered another choppy week of trading, mirroring US and developed markets. Markets were deepest in the red on Monday as investors feared ...
Alibaba, JD.com Jump as China Pledges Stimulus to Rescue Economy
(Bloomberg) — U.S.-listed Chinese stocks rose sharply across the board in premarket trading on Friday, after Beijing’s top leadership pledged more stimulus to rescue an economy hampered by exten...
China sticks to Covid controls, Beijing luxury mall closes
Major luxury goods mall Beijing SKP, pictured here in 2021, said Friday it would close — with no reopening date specified — after the city confirmed three Covid cases in an apartment community nearby....
Is China Juicing GDP Data? Economists Can’t Help But Wonder
Security guards wear protective clothing as office workers queue for Covid-19 nucleic acid tests at a makeshift testing site on April 28, 2022 in Beijing, China. Kevin Frayer/Getty Images It’s both th...
China Leads 11% Drop In Global Smartphone Shipments; Lockdowns Cast A Shadow Over 2nd Quarter
Healthy iPhone 13 sales helped Apple increase its overall smartphone deliveries in the first … [+] quarter, Canalys said today. Photographer: SeongJoon Cho/Bloomberg © 2022 Bloomberg Finance LP ...
Unfavorable Views Of China At New High In Pew Survey Of Americans
Vladimir Putin, Russia’s president, right, answers questions as he sits beside Xi Jinping, China’s … [+] president, at the St. Petersburg International Economic Forum in 2019. Photographer...