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Consider the following:But as tensions rise between the US and China, Apple may be stuck in the middle. Visual China Group via Getty ImagesApple's dependency on China goes back 2 decadesChina was admitted to the World Trade Organization in 2001. The same year China joined the WTO, Apple began manufacturing in China. Apple turns its flirtatious eye to IndiaAs problems continue to mount in China, Apple is making a — perhaps long-overdue — shift to become less dependent on China. Apple is also increasing its production of iPhones in India but is still miles behind China in terms of both volume and speed.
Persons: Tim Cook, Apple, Luke Lloyd, Varney, Lloyd, Stuart Varney, Barack Obama, Donald Trump, Joe Biden, Evan Vucci, Tim Cook's, Goldman Sachs, Cook, Xi, There's Organizations: Apple, Service, Street Journal, China Development Forum, Visual China, Getty, World Trade Organization, WTO, Strategic Wealth Partners, Fox Business, Co, country's Communist Party, US, AP, Micron Locations: China, India, Wall, Silicon, South Carolina, AP China, iPhones
Goldman Sachs has identified a number of Chinese stocks to buy after the government announced a number of major fiscal stimulus measures this week. The bank added that it expects Chinese stocks to "trade better" in the coming months. Goldman screened for buy-rated stocks in several areas related to China's policy announcement, including internet giants Tencent and JD , as well as its medical platform JD Health . In real estate, Goldman is buy-rated on property software company Beike and on mobile components company BYD Electronic as well as online recruitment firm Kanzhun . Search engine giant Baidu and drinks company China Resources Beer are also picks of the bank, and appear on its Asia-Pacific conviction list of top buy-rated stocks.
Persons: Goldman Sachs, Kinger Lau, Goldman, — CNBC's Michael Bloom, Clement Tan Organizations: country's Communist Party, Tencent, Baidu, China Resources Locations: China, Asia
BEIJING — Former Chinese President Hu Jintao was led out of the country's Communist Party Congress Saturday in a moment of unexpected drama during an otherwise highly choreographed event. The “Two Safeguards” assure Xi’s “core” status within the party and the party’s centralised authority over China. It is widely expected that Xi Jinping will hold onto his status as general secretary and head of China’s armed forces. “With Xi Jinping being so prominent, and the party so omnipresent, whenever something goes wrong in China the party will be blamed, and Xi Jinping will be blamed,” he said. In his closing remarks, president Xi said that the Chinese Communist Party, now in its 100th year, was still in its prime.
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