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☆ The US relationship with China is entering a dangerous era. Time may be running out to save it.
▼ + stars: | 2024-04-26 | by ( Tom Porter | ) www.businessinsider.com time to read: +5 min

There was a risk, he said, that US-China relations could "return to a downward spiral." As such, the US-China relationship appears to have entered a dangerous period, and time may be running out to save it. The US has handed Ukraine billions in aid and military support to resist the invasion, with a new $61 billion bill passing this week. AdvertisementBlinken said he raised concerns about China's support for Russia in its invasion of Ukraine. Blinken will have to overcome several hurdles for US-China relations to improve.

Persons: —, Antony Blinken's, Xi Jinping, Wang Yi, Xi, Joe Biden, Ali Wyne, Wang, Blinken, Ian Bremmer Organizations: Service, Business, US, West, International Crisis, Russia, Eurasia Group, Bloomberg Locations: China, Ukraine, loggerheads, Taiwan, Washington, Beijing, US, Western Europe, Russia

☆ Tesla Needs to Fire Elon Musk As CEO If It Wants to Save Itself
▼ + stars: | 2024-04-24 | by ( Linette Lopez | ) www.businessinsider.com time to read: +11 min

There's only one person to blame for the company's shambolic state and only one person whose exit could save Tesla: Elon Musk. Investors want to see a concrete plan for a whole new fleet of Teslas made for a leaner, meaner EV market. The company needs a serious leader with practical ideas — no self-driving gimmicks, no blowtorches, no broken Cybertrucks, no shitposting, no video-game marathons, and no casual ketamine use. AdvertisementA true visionary CEO — which Musk has long claimed to be — would have pressed the advantage that Tesla developed in the EV market. He asserted that Tesla was not a car company but rather an AI robotics company.

Persons: Tesla, Elon, Musk, Gross, Teslas, Ross Gerber, Gerber Kawasaki, Tesla's, Gerber, Ron DeSantis, Navdeep Sodhi, innovating, —, Elon fanboys, Lex Luthor Organizations: Tesla, EV, Reuters, Bloomberg, Auto, Twitter, bungled, Sodhi, Fremont Factory Locations: Shanghai, San Jose, China, Elon, Germany, Texas, Beijing, Red, Berlin

☆ Ladakh: Herders on the front line of India-China border dispute say they’re losing grazing land – and a way of life
▼ + stars: | 2024-04-16 | by ( Simone Mccarthy | Aishwarya S Iyer | ) edition.cnn.com time to read: +16 min

For years, Lopzang Dadul herded his yaks, sheep and goats across the vast, vertiginous landscape near India’s contested border with China, following the seasons to find grazing land. All these areas are winter grazing areas of Chushul village. He says 60 of the 113 households in his village used to be nomadic; now only 10 are maintaining the tradition due to those factors and lost grazing lands. New Delhi says two sites remain contested along the Ladakh border after disengagement at other contested zones following the 2020 clash. Reduced patrolling led to an ultimate loss of control over such areas, where China grabs land “inch-by-inch,” the report said.

Persons: Lopzang Dadul, Dadul, ”, Mohd Arhaan Archer, Sushant Singh, Aksai Chin, Manoj Joshi, Singh, Rezeng, Stanzin, Phobrang, Sonam Dorje China, Sonam Wangchuk, Wangchuk, Sonam Dorje, India’s, won’t, “, Phunchok Stanzin, Namgail Phonchok, ” Phonchok, Narendra Modi –, Joshi, ‘, ’, China’s People’s, Modi’s, – Organizations: CNN, “, Getty, Policy Research, Observer Research Foundation, Gurung, Army, ” CNN, India’s Ministry of Defense, Mutual, Equal, China’s Defense Ministry, Protesters, Foreign Ministry, Bharatiya Janata Party, BJP, ‘, LAC, ”, Observers, ’ New, China’s People’s Liberation Army, PLA, Indian Army, Hindustan Times, Indian, Centre for Policy Research, Yale University Locations: China, Ladakh, India’s, India, Phobrang, AFP, Delhi, Ladakh’s Chushul, Chushul, Ladakh –, Leh, Jammu, Kashmir, Pakistan, New Delhi, Leh’s, Friends, Galwan, ” Beijing, Waseem

☆ China's Nio to expand battery swap services to gain an edge on EV infrastructure
▼ + stars: | 2024-04-05 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

Pictured here is a Nio battery swapping station in Haikou, Hainan province, China, on May 9, 2023. Bloomberg | Bloomberg | Getty ImagesBEIJING — Chinese electric car company Nio has been expanding its battery swap partnerships in a bid to gain an edge on the infrastructure side of the EV ecosystem. Nio also announced agreements earlier this year to work with two local battery companies on battery swap services. While having a large network of battery charging stations helps address those concerns, battery swapping is a faster method as it takes only a few minutes. CLSA's Luo said businesses also prefer to invest in normal charging stations than swap stations because they make a higher return.

Persons: Nio, —, JAC —, Ding Luo, Shen Fei, Shen, it's, Le, William Li, Shay Natarajan, Luo, Ford Organizations: Bloomberg, Getty, Chery, CNBC, Battery, Nissan, Sino Auto, Mobility Impact Partners, General Motors Locations: Haikou, Hainan province, China, BEIJING, U.S, San Francisco, Kyoto, Japan, Madrid, Spain, Europe, North America

☆ How Taiwan could depend on one of the cheapest naval tactics to stop a Chinese invasion
▼ + stars: | 2024-03-29 | by ( Chris Panella | ) www.businessinsider.com time to read: +5 min

An element of that strong defense, experts argue, could be one of the cheapest naval tactics: sea mines. Experts say that naval mines could be very useful for stopping China's People's Liberation Army Navy or, at the very least, creating major headaches during an invasion. "Naval mines are such a capability, complementing various other weapons." AdvertisementThat speaks to larger problems naval mines pose. But, additional capabilities would be required to fully employ a naval mine defense.

Persons: —, China's, Jonathan Dorsey, Kelly Grieco, Jennifer Kavanagh, Scott Savitz, Bernd von Jutrczenka, Hsu Shu, Dorsey, Grieco, Kavanagh Organizations: Service, Business, China's People's Liberation Army Navy, PLA, RAND, Getty, Second Mining Operations Squadron, Taiwan Locations: China, Taiwan, Baltic, Latvia, Tamsui, Azov, Ukraine, Russia, Taipei

☆ China will further enhance capital account opening, FX official says
▼ + stars: | 2024-03-29 | by ( ) www.cnbc.com time to read: +1 min

Xu Zhibin deputy administrator of the State Administration of Foreign Exchange attends a sub-forum during the Boao Forum for Asia Annual Conference 2024 on March 26, 2024. China will make it easier to move capital in and out of the country and promote financial market deregulation, a senior forex regulator said on Friday, as Beijing seeks to woo foreign investors amid heightened geopolitical tensions. "We will steadily push forward two-way capital market opening, and strengthen the connectivity between domestic and overseas financial markets," Xu Zhibin, deputy head of the State Administration of Foreign Exchange (SAFE), said at the annual Boao forum for Asia. "We will expand the variety and scope of investments to attract more investors to invest in China's financial markets." Meanwhile, overseas listings by Chinese companies have slumped, thanks to tighter scrutiny over national and data security by both Chinese and Western governments.

Persons: Xu Zhibin, Xu Organizations: State Administration of Foreign Exchange, Asia Locations: China, Beijing, Asia, U.S

BEIJING (AP) — Xiaomi, a well-known maker of smart consumer electronics in China, is joining the country's booming but crowded market for electric cars. The tech company will start taking orders for the SU7, a sporty four-door sedan, following a launch event with founder Lei Jun in Beijing on Thursday evening. Government subsides have helped make China the world's largest market for electric vehicles, and a bevy of new makers are locked in fierce competition. "I believe that one day, Xiaomi EVs will be a familiar sight on roads around the world,” he was quoted as saying in a company news release. “China is determined to dominate the future of the auto market, including by using unfair practices,” President Joe Biden said when the U.S. investigation was announced.

Persons: —, Lei Jun, Lei, Xiaomi, Le, ”, automaking, “, ” Le, Joe Biden, I’m Organizations: BEIJING, Analysts, Fitch, Sino, Insights, EU, U.S, Trade Organization, U.S . Defense Department, U.S . Locations: China, Beijing, American, U.S

☆ China-made vehicles will comprise a quarter of Europe's EV sales this year, study shows
▼ + stars: | 2024-03-28 | by ( Dylan Butts | ) www.cnbc.com time to read: +1 min

A BYD Co. Atto 3 electric sport utility vehicle (SUV) on day two of the Geneva International Motor Show in Geneva, Switzerland, on Tuesday, Feb. 27, 2024. China-made electric vehicles will make up more than a quarter of the EV sales in Europe this year, with the country's share increasing by over 5% from a year earlier, according to a new policy analysis. While most EVs sold in the EU are from Western brands such as Tesla, which manufactures and ships EVs from China, Chinese brands alone are set to account for 11% of the region's market in 2024. The findings come as the European Commission probes subsidies given to electric vehicle makers in China to determine if they unfairly undercut local companies. Non-Chinese brands that ship from China, such as Tesla and BMW, could be included in the ongoing subsidy investigation.

Persons: Tu Le Organizations: Geneva, European Federation for Transport, European Commission, BMW, Sino Locations: Geneva, Switzerland, China, Europe, France, Spain

China’s economy has struggled to recover from severe self-imposed restrictions during the COVID-19 pandemic that it lifted only at the end of 2022. But Xi said that China was again contributing to world economic growth in the double digits percentage-wise. China's economy has been bogged down by a crisis in its property market in which builders are struggling under mountains of debt, and buyers are paying off loans on apartments that may never be completed. Other issues, such as an aging population and high youth unemployment, are prompting China's leaders to lean more heavily on boosting export manufacturing to make up for weak demand at home. “The respective successes of China and the United States create opportunities for each other," Xi was quoted as saying by Xinhua.

Persons: —, Xi Jinping, Xi, ” Xi, Stephen A, Biden, Donald Trump, “, Craig Allen, China's, Antony Blinken, Janet Yellen Organizations: BEIJING, U.S, Communist Party, China's, Xinhua News Agency, Blackstone . Trade, U.S ., China Business Council, Apple, Xinhua Locations: Beijing, China, U.S, United, Washington, San Francisco, Taiwan, Hong Kong, Tibet, Xinjiang, People's Republic, United States

☆ A UPenn student started a YouTube channel. In weeks, her face was stolen on China's social media.
▼ + stars: | 2024-03-25 | by ( Matthew Loh | ) www.businessinsider.com time to read: +12 min

That message included a link to a video on Xiaohongshu, a social media platform rapidly gaining steam in China. The student started her self-empowerment channel in November and has so far published eight videos and seven YouTube Shorts. The Xiaohongshu deepfakes of other YouTubers do the same. In a matter of about 10 minutes, BI found deepfake videos of at least five caucasian women on Xiaohongshu. But at least one Chinese deepfake version of Blakely has a different agenda to share on Xiaohongshu.

Persons: —, Olga Loiek, Loiek, Vladimir Putin, Loeik, Weibo, someone's, Lyu Siwei, it's, Haibing Lu, they've, Xiaohongshu, Natasha, she's, Annie, Sophia Elena, Katyusha, China, Lana Blakely, Blakely, Elizabeth Filips, Serbia, Filips, Lyu, Vincent Conitzer, Conitzer, Lu, Lyu who's, he's, Roy, Ari Lightman, she'll Organizations: Service, Business, Kremlin, YouTube, WhatsApp, Facebook, Media, University at Buffalo, Santa Clara University, University of Pennsylvania, BI, Russia, Institute for, Oxford University, Social, Carnegie Mellon University Locations: Munich, China, Moscow, Ukraine, Santa, China's Heilongjiang, Germany, Xiaohongshu, Russian, Russia, Stockholm, Xiaohongshu London, Pakistan

☆ With Super Tuesday over, China and Xi may be praying for Trump to beat Biden
▼ + stars: | 2024-03-06 | by ( Matthew Loh | ) www.businessinsider.com time to read: +6 min

With Super Tuesday setting the US up for a Biden-Trump rematch, it looks like China has no good choices. But a rising perspective among experts on China posits that Beijing has good reason to hope Trump retakes the White House. Both President Joe Biden and Trump are expected to continue their aggression toward China, with Biden locking away US tech exports and Trump more recently threatening a 60% tariff on Chinese goods. Whichever way Beijing is betting, it's hard to say which man its preferred pick would be. AdvertisementWith close-to-clean sweeps across the board on Super Tuesday, both Biden and Trump are now all but confirmed to be their respective parties' nominees.

Persons: Trump, —, Xi Jinping, Donald Trump, Joe Biden, Biden, Chengxin, Pan, MAGA, skittish, Stanley Rosen, Agathe Demarais, Demarais, shelve, China that's, it's, Ian Ja Chong, they're Organizations: Biden, Trump, Service, China, Associated Press, University of Macau, University of Southern California's China Institute, geoeconomics, European Council, Foreign Relations, Foreign Policy, National University of Singapore, White Locations: China, Beijing, Shanghai, Ukraine, Russia, New York

☆ China, Xi Jinping Plan to Crush Elon Musk, Tesla, and the US EV Industry
▼ + stars: | 2024-02-25 | by ( Linette Lopez | ) www.businessinsider.com time to read: +13 min

If China EV Inc. were allowed to enter the US today or next year, the legacies would be gutted." The year Musk tittered at the idea of Chinese EVs overtaking Tesla, the country produced only 5,000 electric cars. It has more trade barrier protection from a China Auto Inc. onslaught, but it may not work forever. AdvertisementWe want to maintain an auto industry in the US — that's essential for jobs, national security, and for other sectors of the economy. Sure, Chinese EV makers are lean and mean, but they've never had to deal with international markets before.

Persons: Elon Musk, Warren Buffett, Le, haven't, carmakers, Jim Farley, Tesla, Xi, Andy Wong, Xi Jinping, Li Auto, BYD, Trump, Mary Lovely, Joe Biden's, Biden, it's, Lovely, they've Organizations: Tesla, Bloomberg TV, America's, GM, Ford, Sino, EV, China EV Inc, ascendance, Chery, US, Chinese Communist Party, CCP, Companies, SAIC, Energy Department, China Auto Inc, Peterson Institute, United Auto Workers, White, Auto Locations: Chinese, China, Beijing, Japan, Europe, North America, Brussels, Washington, Hungary, Mexico, Canada, America

BANGKOK (AP) — Shares were mostly higher in Asia after Chinese markets reopened Monday from a long Lunar New Year holiday. Markets will be closed Monday in the United States for President's Day. Elsewhere in Asia, Australia's S&P/ASX 200 edged 0.1% higher to 7,665.10 and the Kospi in Seoul picked up 1.2%, to 2,680.26. It also discouraged bets that a Fed move to relax conditions on the economy and financial markets could come even in May. Higher rates and yields make borrowing more expensive, slowing the economy and hurting prices for investments.

Persons: Hang Seng, Australia's Organizations: President's, Ocean, China Vanke, Dow Jones, Nasdaq, Federal Reserve, New York Mercantile Exchange, Brent, U.S Locations: BANGKOK, Asia, United States, China, Shanghai, Seoul, India

☆ China's Wang Yi tells Blinken U.S. should lift sanctions on Chinese firms
▼ + stars: | 2024-02-18 | by ( ) www.cnbc.com time to read: +3 min

US Secretary of State Antony Blinken (L) and Chinese Foreign Minister Wang Yi meet at the 60th Munich Security Conference on Feb. 16, 2024. Washington should lift sanctions on Chinese companies and individuals, and that attempts to de-couple from China would only hurt the United States, China's Foreign Minister Wang Yi told U.S. Secretary of State Antony Blinken. The United States should lift the sanctions and not harm China's legitimate development rights, Wang told Blinken on Friday on the sidelines of a Munich security conference, according to a statement from China's foreign ministry. Washington has imposed sanctions on various Chinese companies that it accuses of working with China's military despite denials from the firms. The United States does, however, maintain unofficial relations with the democratically governed island and remains its most important backer and arms supplier.

Persons: Antony Blinken, Wang Yi, Wang, Blinken, Biden, Joe Biden, Xi Jinping Organizations: Foreign, China's, U.S, Economic Cooperation, Treasury Locations: Munich, Washington, China, United States, Xinjiang, U.S, de, Ukraine, Taiwan, Asia, Beijing

Maxar Technologies Visual Investigations The $2.8 Billion Hole in U.S. Sanctions on Iran A Times investigation reveals how lax government oversight allowed shadowy oil tankers, covered by American insurance, to fund Iran’s regime. The American Club is one of only 12 major insurers of its kind, and the only one based in the United States. By then, the tankers had transported at least $2.8 billion in crude oil, based on the lowest reported prices of Iranian oil in 2023. The Treasury office has publicly enforced sanctions on the American Club only once in the past 20 years. Ultimately, the office said the American Club did “not appear to have been willful or reckless” and the case was settled.

Persons: Biden, ”, penna gabrielle toyomi, penna selene gabrielle, gabrielle, selene, lisa marianne selene, Samir Madani, Maggie Hassan, Daniel Tadros, “, Mr, Tadros, Shipowners, ” Mr, Madani of TankerTrackers.com, David Tannenbaum Organizations: Maxar, Maxar Technologies, Sanctions, U.S, White, New York Times, Times, Treasury Department, American Club, Treasury, cathay kirin, Copernicus, Planet Labs, Star, American, The Times, Revolutionary Guards Corps, Anadolu Agency, Getty, Club’s, Hamas, Bloomberg, United Against Nuclear, Nuclear, Glory, United, National Iranian Tanker, Labs, Copernicus Sentinel, Club, International Maritime Organization, AIS, Spire Locations: Gulf of Oman, American, U.S, Iran, New York, New Hampshire, United States, Hong Kong, Kharg, Kpler, China, Israel, Yemen, United Against Nuclear Iran, Nuclear Iran, United Arab Emirates, Asaluyeh, Dubai, of Oman, Persian, Oman, Cuba, Sudan, MarineTraffic, SynMax, TankerTrackers.com

☆ A photographer’s fantastical portrait of rural China during Lunar New Year
▼ + stars: | 2024-02-11 | by ( Oscar Holland | ) edition.cnn.com time to read: +6 min

CNN —In photographer Zhang Xiao’s images of the Shehuo festival, an ancient celebration still observed in parts of northern China during the Lunar New Year, rural life comes alive with something altogether more fantastical. (Lunar New Year celebrations usually last more than two weeks, with Shehuo festival taking place on the season’s 15th and final day.) “In some villages, virtually the entire population has been mobilized to produce and sell Shehuo props,” the photographer writes in his book. Shehuo performers reenact a battle between China's Eighth Route Army and Japanese forces from the Second Sino-Japanese War. “People are not focused on how to improve product quality and craftsmanship,” said the photographer, who is currently working on a documentary about life in rural China.

Persons: Zhang Xiao’s, ” Zhang, “, …, ”, Zhang Xiao, —, Zhang, Zhang Xiao “, — Zhang, reenact Organizations: CNN, roosters, dreamworld, UNESCO, Harvard University’s Peabody Museum of Archaeology & Ethnology, Eighth Route Army, Aperture, Peabody Museum Press, Peabody Museum of Archaeology, Ethnology Locations: China, Huanghuayu, Shaanxi, Henan, Huozhuang, Henan province, China’s Shandong, Chengdu, Cambridge , Massachusetts

☆ Tesla's Model 2 could be a winner in China amid EV industry consolidation: Research firm
▼ + stars: | 2024-01-30 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla's Model 2 could be a winner in China amid EV industry consolidation: Research firmTu Le of Sino Auto Insights shares his outlook on China's competitive electric vehicle industry.

Persons: Tu Le Organizations: EV, Auto Insights Locations: China

☆ Taiwan President-Elect Says He Hopes for Continued Firm US Support
▼ + stars: | 2024-01-24 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +2 min

TAIPEI (Reuters) -Taiwan president-elect Lai Ching-te said on Thursday he hopes that the United States can continue to firmly support Taiwan, as he met the first group of U.S. lawmakers to visit Taipei since he won an election earlier this month. "I also hope that the two co-chairs and our friends in the U.S. Congress can continue to support Taiwan in bolstering its self-defence capabilities." Diaz-Balart told Lai his main message was that U.S. support for Taiwan was firm, real and "100% bipartisan". "Rest assured that you have the support of the United States Congress," he said. China has repeatedly warned the United States to stop its support for Taiwan and the issue is a constant irritant in Sino-U.S. relations.

Persons: Lai Ching, Lai, Mario Diaz, Ami Bera, Diaz, Balart, Tsai Ing, Joe Biden, Ben Blanchard, Kim Coghill, Michael Perry, Raju Gopalakrishnan Organizations: Democratic Progressive Party, U.S . House, Representatives Taiwan Caucus, Republican, Balart, Democratic, ., U.S, Congress, United States Congress Locations: TAIPEI, Taiwan, United States, U.S, Taipei, China

☆ BYD: Why Hungary and Mexico could be key to the Chinese carmaker’s global domination
▼ + stars: | 2024-01-19 | by ( Michelle Toh | ) edition.cnn.com time to read: +9 min

The cars come from BYD, the Chinese carmaker that is backed by Warren Buffett and has surpassed Tesla as the world’s biggest seller of electric vehicles (EVs). 1," a shipping carrier vessel intended to export BYD vehicles, at Yantai port in eastern China's Shandong province in January. BYD Mexico did not respond to a request for comment. “The US government is not going to like that Mexico is creating a back door.”A BYD electric vehicle, operated by Vemo taxi, in Mexico City in November. But as it continues to grow overseas, BYD will have to take a more localized approach, analysts say.

Persons: Warren Buffett, Tesla, BYD, Viktor Orbán’s, Yucatán, what’s, Elon Musk, Tu Le, carmaker, Hungary —, Matthias Schmidt, ”, “, Schmidt, Bill Russo, it’s, Le, Mariceu Ethrall, It’s, “ It’s, ‘ We’re, ’ ”, Stella Li, México, ” Li, Wang Chuanfu, BYD “, Russo, they’ve, ” Russo Organizations: Hong Kong CNN, Xinhua, Getty, CNN, Tesla, BMW, Audi, European Union, Schmidt Automotive Research, EV, European Commission, Bloomberg, BYD, El Locations: Hong Kong, China, Europe, BYD, Shenzhen, Germany, Netherlands, Hungary, Mexico, North America, China's Shandong, Szeged, Komárom, France, Shanghai, Hungarian, United States, Canada, Mexico City, Mexican, Dutch, Rotterdam, California, Brazil, Indonesia, Thailand, Uzbekistan, Macao, Taiwan, Japan, what’s

BANGKOK (AP) — Shares fell Tuesday in Asia, with Hong Kong’s benchmark down nearly 2%, as jitters over Chinese markets dimmed confidence across the region. Tokyo’s Nikkei 225 index fell, snapping a New Year’s winning streak that took it to its highest level in 34 years. The dollar weakened against the Japanese yen even as a former central bank official said that the Bank of Japan is preparing to end its longstanding negative interest rate policy. The dollar bought 146.12 yen, up from 145.75 late Monday and at its highest level in more than one month. Traders are largely betting on the Fed cutting its main interest rate six or more times through 2024.

Persons: —, Meituan, Kristalina Georgieva, Kospi, Germany's DAX, It's, Brent Organizations: Dow Jones, Nikkei, Bank of Japan, Federal Reserve, Tencent, China Garden Holding, Ocean, IMF, CNBC, CAC, Traders, Fed, New York Mercantile Exchange Locations: BANGKOK, Asia, U.S, Shanghai, China, Beijing, South, Australia, Paris

☆ Robert Andrew Parker, 96, Dies; Prolific Magazine and Book Illustrator
▼ + stars: | 2024-01-12 | by ( Richard Sandomir | More About Richard Sandomir | ) www.nytimes.com time to read: +2 min

“There was a casualness in his attitude toward his work,” said Joe Ciardiello, an illustrator who was a friend of Mr. Parker’s. “So many artists can get so fussy about the correct kind of paper or the proper pen or paints. But Bob would use whatever he had — people would give him paint, he’d use cheap stuff, expensive stuff. The original plan was for Mr. Parker’s and Mr. Douglas’s hands to alternate onscreen, where they would appear to be creating van Gogh’s paintings. But they worked on only one, “Wheatfield With Crows,” before Mr. Parker’s job became copying about 100 of van Gogh’s drawings and paintings to use in the film.

Persons: ”, Joe Ciardiello, Mr, Parker’s, Bob, ” Robert Andrew Parker, William, Harriett, Cowdin, Parker, Kirk Douglas, Vincent van Gogh, van Organizations: U.S . Public Health Service, Army Air Corps, Art Institute of Chicago, Metropolitan Museum of Art, New York School, Skowhegan, of Painting, MGM Locations: Norfolk, Va, Michigan, Fort Stanton, N.M, New York City, Paris, France

☆ Citi sees a big year for stocks in 2024 with S&P 500 finishing at 5,100
▼ + stars: | 2023-12-11 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

This year's broader market rally isn't over just yet, according to Citi. "We look for further S & P 500 upside in the year ahead. Citi set a year-end target of 5,100 for the S & P 500, dependent on a $245 earnings per share estimate for the index. The S & P 500 , meanwhile, is up nearly 20% in 2023. "Our top-down sector earnings modeling continues to argue for more consistent sector level growth during 2024.

Persons: Scott Chronert, Chronert, Russell, Cyclicals Organizations: Citi, Apple, Nvidia, Microsoft, Bloomberg, Federal Reserve Locations: U.S

☆ Geely’s stalled IPO discounts global expansion
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +2 min

HONG KONG, Dec 1 (Reuters Breakingviews) - Electric-car marque Zeekr, controlled by China’s largest private auto group Zhejiang Geely, has hit a roadblock. It is putting on hold its New York initial public offering because of a mismatch in valuation expectations, Reuters reported on Thursday. It was hoped the listing would break the ice and encourage a resurgence in Chinese volumes in U.S. capital markets. Its prospectus was published in November, when global stocks recorded their best performance since 2020. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Xi Jinping, Joe Biden, Katrina Hamlin, Julius Baer’s, Una Galani, Thomas Shum Organizations: Reuters, Zhejiang, American, Tata Technologies, X, Barclays, Thomson Locations: HONG KONG, York, Mumbai, Europe, United States, China

☆ Ben Rhodes: Henry Kissinger, the Hypocrite - The New York Times
▼ + stars: | 2023-11-30 | by ( Ben Rhodes | ) www.nytimes.com time to read: +4 min

Mr. Kissinger was not uncomfortable with that dynamic. From the side of the free world, Mr. Kissinger backed genocidal campaigns — by Pakistan against Bengalis and by Indonesia against the East Timorese. The generous defense is that Mr. Kissinger represented an ethos that saw the ends (the defeat of the Soviet Union and revolutionary Communism) as justifying the means. Mr. Kissinger was fixated on credibility, the idea that America must impose a price on those who ignore our demands to shape the decisions of others in the future. Mr. Kissinger lived half of his life after he left government.

Persons: Kissinger, —, Salvador Allende, Allende’s, ”, Kissinger’s, Deng Xiaoping, Henry Kissinger Organizations: East, Soviet Union, Mr, Chinese Communist Party Locations: Vietnam, Cambodia, Laos, United States, Germany, Japan, Pakistan, Indonesia, East Timorese, Chile, Soviet, America, East Pakistan, Bangladesh, Soviet Union, China, Republic of China, Tiananmen, U.S, Taiwan

☆ 'An era in the United States has ended': The Chinese internet is alight with tributes to Henry Kissinger
▼ + stars: | 2023-11-30 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

The Chinese internet lamented the death of Henry Kissinger death on Wednesday. Just four hours after his death was announced, topics on Kissinger hit a whopping 660 million combined view count on Weibo, China's version of Twitter. "Old friends are dying, like leaves in the wind," wrote one Weibo user in a top comment, referencing a line attributed to the ancient Chinese warlord Cao Cao. Chinese leader Xi Jinping even called him an "old friend of the Chinese people" when Kissinger visited China in July. AdvertisementWith his death, and that of Berkshire Hathaway's Charlie Munger, "an era in the United States has ended," wrote one Weibo user in a heavily upvoted comment.

Persons: Henry Kissinger, Kissinger, —, Cao Cao, Guan Yu, Cao Cao's, Xi Jinping, Charlie Munger, Kissinger —, Munger, that's, Richard Nixon Organizations: Service, Weibo, Twitter, Sino, Business Locations: Weibo, China, American, Washington, Beijing, Berkshire, United States

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