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☆ U.S. companies lacking confidence about Chinese economic policy outlook, analyst says
▼ + stars: | 2023-08-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. companies lacking confidence about Chinese economic policy outlook, analyst saysNick Marro, global trade lead at EIU, discusses the outlook for China's economy and foreign investment in the country as uncertainty about China's economic policy path persists.

Persons: Nick Marro Organizations: U.S

China operates talent programs at various levels of government, targeting a mix of overseas Chinese and foreign experts. China has previously said its overseas recruitment through the TTP aimed to build an innovation-driven economy and promote talent mobility, while respecting intellectual property rights, according to the state-run Xinhua news agency. It said that anyone who recommends a candidate who is then selected for the talent programs would receive "diamonds, bags, cars, and houses". In some cases, these people said, those experts will be offered roles at Chinese chip companies' overseas operations. ($1 = 7.1475 Chinese yuan renminbi)Reporting by Julie Zhu, Fanny Potkin, Eduardo Baptista and Michael Martina; editing by David CrawshawOur Standards: The Thomson Reuters Trust Principles.

Persons: Florence Lo, Xi Jinping, Qiming, Dean Boyd, Nick Marro, Chen Biaohua, Chen, Ma Yuanxiao, Dawei Di, Di, Zhuji, Julie Zhu, Fanny Potkin, Eduardo Baptista, Michael Martina, David Crawshaw Organizations: REUTERS, Washington, Reuters, China, Ministry of Industry, Information Technology, U.S . Commerce Department, Xinhua, Ministry of Science, Technology, U.S, government's National Counterintelligence and Security Center, Economist Intelligence, China Center for Information Industry Development, China Semiconductor Industry Association, Qiming, Massachusetts Institute of Technology, Harvard, Stanford, HK, LinkedIn, Hangzhou Juqi Technology, Fortune, Beijing Institute of Technology, BIT's School of Integrated Circuits, Electronics, Britain's University of Nottingham, University of Hong, BIT, Communist Party's Organization Department, Zhejiang University, Communist Party, Thomson Locations: China, HONG KONG, SINGAPORE, WASHINGTON, U.S, China's, Qiming, Beijing, Hangzhou, ResearchGate, University of Hong Kong, Ma, Zhejiang, Wenzhou, Cambridge

☆ What Qin Gang's disappearance means for U.S.-China relations
▼ + stars: | 2023-07-28 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +2 min

U.S. officials greet Qin Gang, then China's foreign minister, ahead of a meeting with U.S. Secretary of State Antony Blinken (not pictured) in Beijing on June 18, 2023. Leah Millis | Afp | Getty ImagesBEIJING — The flurry over Qin Gang's disappearance and removal from the position of foreign minister has little impact on U.S.-China relations, analysts said. China officially announced his dismissal from the foreign minister role on Tuesday. China's foreign ministry has declined to shared why Qin had to leave his position. watch nowWhile Wang's return to the foreign minister role is unusual, his promotion to top diplomat had also come contrary to expectations of retirement.

Persons: Qin Gang, Antony Blinken, Leah Millis, Qin Gang's, Qin, China's, Wang Yi, Xi Jinping, Nick Marro, Xi, Wang, Jeremy Chan, Anna Ashton, Biden Organizations: U.S, Afp, Getty, Communist Party, Economist Intelligence Unit, Eurasia Group Locations: Beijing, BEIJING, China, Eurasia, Northeast Asia, U.S

☆ Elon Musk: CEOs flock to China as risks to trade and investment rise
▼ + stars: | 2023-05-31 | by ( Michelle Toh | ) edition.cnn.com time to read: +8 min

To drum up business, Chinese leaders have urged foreign companies to invest more in the country, promising them an open and level playing field. “The interests of the United States and China are intertwined like conjoined twins,” he was quoted as saying by the foreign ministry. Over time, “there will be less trade” between China and the United States, Dimon predicted. The move was seen as retaliation for restrictions the United States has imposed on Chinese chipmakers. The interests of the United States and China are intertwined like conjoined twins.

Persons: Elon, Laxman, Jamie Dimon, Qin Gang, Tesla, Elon Musk, Musk, ”, Warren Buffett, Dimon’s, Dimon, That’s, Bain, “ who’s, ” Michael Hart, Ben Cavender, Nick Marro, Tim Cook, Cook, Marro, ‘, ” —, Sophie Jeong, Martha Zhou Organizations: Hong Kong CNN, Tesla, Starbucks, JPMorgan, Apple, Samsung, Aramco, Volkswagen, HSBC, Standard Chartered, Foreign, China's Ministry of Foreign Affairs, Reuters, China’s Foreign, Shanghai’s Communist Party, Bloomberg, Group, American Chamber of Commerce, CNN, British, of Commerce, China Market Research Group, US, Micron, Economist Intelligence Unit, “ Companies, China Development Forum Locations: Hong Kong, China, Beijing, United States, Shanghai, Taiwan, Washington, New York, American, Xinjiang

☆ US-China trade defies talk of decoupling to hit record high in 2022
▼ + stars: | 2023-02-08 | by ( Juliana Liu | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Trade between the United States and China hit a record high in 2022, even as political tension heightened between the world’s top two economies. The bilateral goods trade between the countries rose to $690.6 billion last year, according to official US data, which was released Tuesday. Exports to China increased by $2.4 billion to $153.8 billion, while imports of Chinese products rose by $31.8 billion to $536.8 billion according to the US Bureau of Economic Analysis. “Supply chains are sticky, particularly those linked to China,” Nick Marro, lead analyst for global trade at the Economist Intelligence Unit, told CNN. In October 2022, his administration imposed sweeping new curbs designed to curtail China’s access to technology critical to its growing military power.

☆ Casinos in Macau, the Vegas of the East, have managed to renew crucial gaming licenses. But there's a hefty catch — they need to pump in $15 billion into non-gaming sectors.
▼ + stars: | 2022-12-19 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Macau's six casino operators pledged to invest nearly $15 billion in non-gaming sectors. In return for the investments, Macau's government has renewed their gaming licenses. Gaming licenses for the six major casino operators had expired back in June, throwing into question Macau's future as a gambling hub. The new 10-year gaming licenses come into effect on January 1, 2023. Among the six gaming companies, Sands China has committed to spending the most in non-gaming projects — about 27.8 billion patacas, or $3.5 billion.

☆ China's Covid controls are pushing companies to diversify away from a 'start-stop economy'
▼ + stars: | 2022-11-03 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

After a Covid outbreak at a Foxconn factory in Zhengzhou, China, some workers chose to go home. Vcg | Visual China Group | Getty ImagesBEIJING — China's decision to maintain Covid controls is pushing companies to look to factories outside the country, according to The Economist Intelligence Unit. Beijing's stringent Covid controls helped the country resume work while the rest of the world still struggled with the pandemic in 2020. watch nowOver the weekend, some Foxconn workers reportedly forced their way out of Covid controls at the factory. JPMorgan analysts predicted that just 5% of Apple's global iPhone 14 production would move to India this year.

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