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CNBC's Evelyn Cheng - 7 — CNBC's Evelyn Cheng - 5 Evelyn Cheng - 4 Piper Sandler - 1 Nancy Lazar - 1 Lazar - 1 It's - 1 Terry Woychowski - 1
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Search resuls for: "CNBC's Evelyn Cheng"


25 mentions found


☆ Tech companies are heavily exposed to China, putting gains at risk, Piper Sandler says
  + stars: | 2024-04-24 | by ( Sarah Min | ) www.cnbc.com   time to read: +1 min
Tech stocks are heavily exposed to China, which could put gains at risk, according to Piper Sandler. Tech companies are especially vulnerable to any weakness in China, with semiconductor businesses notably generating more than 30% of their sales in the country, the note read. In April, the VanEck Semiconductor ETF (SMH) has dropped about 7%, underperforming the S & P 500's more than 3% decline during the same period. "S & P large caps have near-record exposure to a China that is wobbly economically, with an increasingly authoritarian Heavy Hand of regulation," Lazar wrote Wednesday. S & P Global Ratings this week noted the country could be in for a new wave of bond defaults that could come as soon as next year, further fueling those worries.
Persons: Piper Sandler, Nancy Lazar, Lazar, — CNBC's Evelyn Cheng Organizations: Tech, Street Journal, VanEck Semiconductor, Devices, Intel Locations: China, Beijing, Shanghai
☆ Why a small China-made EV has global auto execs and politicians on edge
  + stars: | 2024-03-22 | by ( Michael Wayland | ) www.cnbc.com   time to read: +12 min
The rise of BYD and other Chinese automakers led Tesla CEO Elon Musk in January to warn that Chinese automakers will "demolish" global rivals without trade barriers. Caresoft, an engineering benchmarking and consulting firm, has already torn down one China-built BYD Seagull and is preparing to do another. Michael Wayland / CNBCThe consulting firm tore apart the BYD Seagull piece by piece to benchmark the small EV against vehicles from other startups and traditional automakers. Its initial study of the BYD Seagull found it to be efficiently and simplistically designed, engineered and executed, but with unexpected quality and anticipated reliability. Growing concernsBYD's rise comes at a precarious time for global auto industry dynamics.
Persons: It's, Terry Woychowski, Warren Buffett, —, BYD, Tesla, Elon Musk, Caresoft Bernstein, Nissan, Michael Wayland, Caresoft, simplistically, Woychowski, Mathew Vachaparampil, CNBC BYD, Stellantis —, Donald Trump, Zach Gibson, Jennifer Granholm, Republican Sen, Marco Rubio, Trump, –, GM Dong, Tang, Marin Gjaja, Gjaja, Ford, you've, Evelyn Cheng, Dylan Butts Organizations: Shanghai International Automobile Industry, National Exhibition, Convention Center, Visual China, Getty, U.S, General Motors, Caresoft, Alliance for American Manufacturing, Overseas, Chevrolet, Nissan Leaf, Bolt, Chicago Federal Reserve, BYD, CNBC, Cox Automotive, Seagull, Tesla, Toyota Motor, Nissan Motor, Honda Motor, Hyundai, Kia, — GM, Ford, Chrysler, U.S ., Washington , D.C, Bloomberg, Republican, North American Free Trade, Republicans, Buick, SAIC, GM, GM Dong Yue Motors Co, Detroit Locations: Shanghai, LIVONIA, Mich, –, China, Europe, Latin America, Detroit, Texas, Germany, Japan, U.S, Livonia , Michigan, America, XPENG, Mexico, Thailand, Brazil, Indonesia, Hungary, Uzbekistan, ., Washington ,, United States, Marco Rubio of Florida, Yantai, Shandong Province
☆ 'Hong Kong is China's Hong Kong': Beijing hits back at U.S. for 'slandering' city's new security law
  + stars: | 2024-03-21 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com   time to read: +2 min
The flags of China and Hong Kong displayed in rows. China's embassy hit back against U.S. criticism of Hong Kong's new national security law on Thursday, saying the U.S. should "respect China's sovereignty." Hong Kong lawmakers passed a new national security law on Tuesday which critics say grants the government more power to quash dissent. "Hong Kong is China's Hong Kong. Hong Kong affairs are purely China's internal affairs, which no country is in the position to point fingers at or interfere in," a spokesperson said on Wednesday.
Persons: Hong, Hong Kong's, Vedant Patel, John Lee, Wang Yi, — CNBC's Evelyn Cheng, Clement Tan Organizations: U.S . State Department, Kong's Legislative, China's, Beijing, China - Locations: China, Hong Kong, U.S, China's, Hong Kong . Hong Kong, Kong's, China - U.S
☆ Alibaba shares jump 4% in premarket trade after it hikes share buyback program by $25 billion
  + stars: | 2024-02-07 | by ( Arjun Kharpal | ) www.cnbc.com   time to read: +2 min
Shares of Alibaba jumped in premarket trade, as the company missed market expectations for revenue in the December quarter, but announced it is increasing the size of its share buyback program by $25 billion. U.S.-listed shares in the Chinese e-commerce giant were more than 4% higher in pre-market trade. Here's how Alibaba did in its fiscal third quarter, compared to LSEG estimates:Revenue: 260.35 billion Chinese yuan ($36.6 billion) versus 262.07 billion yuan expected. On top of its structural changes, Alibaba also scrapped the hotly-anticipated spinoff of its cloud computing business last year. More recently, two of Alibaba's co-founders, Jack Ma and Joe Tsai, in January bought shares worth around $200 million in the Chinese e-commerce giant.
Persons: Alibaba, Pinduoduo, Eddie Wu, Daniel Zhang, Alibaba's, Jack Ma, Joe Tsai, Evelyn Cheng Organizations: Revenue, Alibaba Locations: Suqian City, Jiangsu Province, China, premarket, U.S, Beijing
☆ China's youth unemployment rate still high at 14.9%
  + stars: | 2024-01-17 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's youth unemployment rate still high at 14.9%Excluding people still in school, the unemployment rate for young people aged 16 to 24 was 14.9%, while the rate in cities in December was 5.1%. CNBC's Evelyn Cheng reports.
Persons: CNBC's Evelyn Cheng
☆ Top China, U.S. military leaders hold first meeting in more than a year
  + stars: | 2023-12-22 | by ( Clement Tan | ) www.cnbc.com   time to read: +4 min
Other Southeast Asian countries such as Brunei, Indonesia, Malaysia, and Vietnam also claim parts of the South China Sea. "The key to developing a healthy, stable, and sustainable military-to-military relationship is ... a correct understanding of China," China's Defense Ministry said in a readout of the Brown-Liu virtual call. China has consistently maintained its claim over self-governed Taiwan and the majority of the South China Sea. The U.S. has documented more than 180 coercive and risky air intercepts against its aircraft in the region between 2021 and 2023, according to its latest China Military Power Report. This includes their bilateral Defense Policy Coordination Talks, Military Maritime Consultative Agreement talks, and opening lines of communication between the leaders of the respective military commands in the South China Sea and the broader Pacific.
Persons: Cope, Charles Brown, Liu Zhenli, Joe Biden, Xi Jinping, General Brown, General Liu, Nancy Pelosi, Brown, Liu, — CNBC's Evelyn Cheng Organizations: Air Force, Clark Air Base, U.S, Joint Chiefs of Staff, Economic Cooperation, Biden, Beijing, U.S ., Defense Ministry, U.S . Defense Department, People's Liberation Army, Maritime, Eurasia Group Locations: Philippines, Mabalacat, Pampanga, Asia, San Francisco, Eurasia, China, Taiwan, Beijing, Singapore, Manila, South China, Brunei, Indonesia, Malaysia, Vietnam, United States, The Hague, U.S, South
☆ China's retail sector is recovering, but real estate continues to drag down growth
  + stars: | 2023-11-15 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's retail sector is recovering, but real estate continues to drag down growthChina reported better-than-expected retail sales and industrial data for October, with retail sales growing 7.6% compared to a year ago. CNBC's Evelyn Cheng reports.
Persons: CNBC's Evelyn Cheng Locations: China
☆ U.S. crude oil prices fall below $78 a barrel to their lowest since July
  + stars: | 2023-11-07 | by ( Spencer Kimball | ) www.cnbc.com   time to read: +2 min
An oil pumpjack pulls oil from the Permian Basin oil field in Odessa, Texas, on March 14, 2022. U.S. crude prices on Tuesday fell below $78 a barrel to hit the lowest point since July as weak global economic data overshadowed concerns that the Israel-Hamas war could erupt into a broader regional conflict. Beijing's crude oil imports rose by volume and value in October, but the country's overall exports fell more than expected, indicating slowing global demand. The data out of China offset the effect of Saudi Arabia's and Russia's oil output cuts, which lifted oil prices earlier in the week. Oil prices had spiked in the week following Hamas' devastating terrorist attacks on Israel on concerns that the war could escalate into a broader regional conflict that disrupts oil supply.
Persons: Brent, Neel Kashkari, Kashkari, — CNBC's Evelyn Cheng Organizations: West Texas, Minneapolis Federal, Bloomberg Television, CNBC PRO Locations: Odessa , Texas, Israel, China, Minneapolis, U.S, Saudi, Riyadh, Moscow
☆ The EU is focusing its China EV probe on production-side subsidies
  + stars: | 2023-09-26 | 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 EmailThe EU is focusing its China EV probe on production-side subsidiesValdis Dombrovskis, EU trade commissioner, says the investigation is concerned with the "risk of injury" to the EU's electric vehicle industry, among other things. CNBC's Evelyn Cheng reports.
Persons: CNBC's Evelyn Cheng Organizations: China EV Locations: China
☆ Nio's new smartphone will focus on connectivity
  + stars: | 2023-09-21 | 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 EmailNio's new smartphone will focus on connectivityNio is the first high-end Chinese electric car brand to release its own smartphone. CNBC's Evelyn Cheng reports.
Persons: Evelyn Cheng
☆ China's real estate sector is still in a period of 'adjustment,' says statistics bureau
  + stars: | 2023-09-15 | 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 EmailChina's real estate sector is still in a period of 'adjustment,' says statistics bureauHowever, the National Bureau of Statistics of China said the country's advanced manufacturing and services sectors are growing. CNBC's Evelyn Cheng reports.
Persons: CNBC's Evelyn Cheng Organizations: National Bureau of Statistics Locations: China
☆ Chinese EVs are now seen posing a 'real threat' to Europe's auto industry
  + stars: | 2023-09-06 | by ( Hannah Ward-Glenton | ) www.cnbc.com   time to read: +3 min
Bloomberg | Bloomberg | Getty ImagesChinese electric vehicles pose "a real threat" to the European car industry, according to Christian Kames, managing director at financial advisory firm Lazard. Kames spoke from the IAA Mobility Conference in Munich, where the number of Chinese companies has soared since the last event. watch nowThe increase in Chinese companies in attendance shows that these firms "really have the European market … as the next market they want to conquer," Kames said. European companies are 'ready to engage'European auto manufacturers are well aware of the competition brought about by Chinese companies, Christian Kames told CNBC. "[European carmakers] get it now, that the Chinese [automakers] are a real threat.
Persons: Christian Kames, Lazard, Kames, Warren Buffet, carmaker BYD, Xpeng, Brian Gu, Luca De Meo, Monday, De Meo, China's, Chris Reitermann, CNBC's Evelyn Cheng, Reitermann Organizations: Munich, Bloomberg, Getty, IAA, IAA Mobility, CNBC, UBS, Renault, Ogilvy Asia Pacific Locations: Munich, Germany, Asia, Europe, Hangzhou, China, Swiss, European, Greater China
☆ 'Pain trade': UBS CIO warns of bear trap as Chinese stocks rise
  + stars: | 2023-08-30 | by ( Lucy Handley | ) www.cnbc.com   time to read: +2 min
The recent rally in Chinese stocks could catch investors out, according to a UBS chief investment officer, who warned of a "pain trade." He added that, if the positive news continues, Chinese markets could climb further. Tactical trade However, Zuercher said there could be a "tactical trade" over the coming weeks or months, as hedge funds potentially suffer. I do think a lot of hedge funds are also probably mispositioned in this area," Zuercher said. Hedge funds often use a long-short strategy, where they buy stocks in the same sector, betting that one will go up and the other down.
Persons: Gina Raimondo, Adrian Zuercher, CNBC's, Zuercher, — CNBC's Evelyn Cheng, Elliot Smith Organizations: UBS, U.S Locations: Asia, Pacific, U.S
☆ China halts release of youth unemployment data, reports other big data misses
  + stars: | 2023-08-15 | 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 EmailChina halts release of youth unemployment data, reports other big data missesCNBC's Evelyn Cheng discusses China's suspension of youth unemployment data, and other July economic data that missed expectations.
Persons: Evelyn Cheng Organizations: China
☆ China's youth unemployment hit another record high in May
  + stars: | 2023-06-15 | 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 EmailChina's youth unemployment hit another record high in MayOn the other hand, unemployment across all age categories in China is still quite low, suggesting that the overall situation is not as dire as what young people are facing, CNBC's Evelyn Cheng reports.
Persons: CNBC's Evelyn Cheng Locations: China
☆ Flights between China and Middle East almost back to pre-Covid levels: Nomura
  + stars: | 2023-05-31 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFlights between China and Middle East almost back to pre-Covid levels: NomuraThere has been a lot of "warming up" between China and the Middle East and an increase in capital flows between the two. CNBC's Evelyn Cheng reports.
Persons: CNBC's Evelyn Cheng Organizations: Nomura Locations: China, Middle
☆ Chinese startups are confident they can retain assets despite the Silicon Valley Bank fallout
  + stars: | 2023-03-13 | 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 EmailChinese startups are confident they can retain assets despite the Silicon Valley Bank falloutSome Chinese startups have stored capital that they raised from U.S. dollar investors through Silicon Valley Bank, but there's confidence that they'll be able to maintain and retain their assets, CNBC's Evelyn Cheng reports.
☆ China's new foreign minister says relations with U.S. have 'entirely deviated' from a rational path
  + stars: | 2023-03-07 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's new foreign minister says relations with U.S. have 'entirely deviated' from a rational pathChina's new foreign minister Qin Gang says the U.S. must "hit the brakes" or "there will surely be conflict and confrontation." CNBC's Evelyn Cheng reports.
☆ China says policies for cross-border withdrawals have not changed
  + stars: | 2023-03-07 | 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 EmailChina says policies for cross-border withdrawals have not changedChinese regulator, the State Administration on Foreign Exchange, says rules on withdrawing money from China have not changed. The comments come after billionaire investor Mark Mobius said Beijing was "restricting the flow of money out of the country." CNBC's Evelyn Cheng reports.
☆ Growth in China's real estate sector will face an 'uphill battle,' says government work report
  + stars: | 2023-03-06 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGrowth in China's real estate sector will face an 'uphill battle,' says government work reportCNBC's Evelyn Cheng discusses the headwinds that China's economy faces, as highlighted in the government's work report released on Sunday.
☆ China eases Covid restrictions on travel within the country
  + stars: | 2022-12-08 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina eases Covid restrictions on travel within the countryPeople in China no longer need to show negative virus tests or health codes to travel to different parts of the country. CNBC's Evelyn Cheng reports.
☆ China says progress has been made in vaccinating elderly population
  + stars: | 2022-11-29 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina says progress has been made in vaccinating elderly populationWhile China did not announce any big changes to its zero-Covid policy, officials said more people over 80-years-old are receiving their booster shot. CNBC's Evelyn Cheng reports.
☆ People in China are losing patience with Covid controls as protests break out
  + stars: | 2022-11-28 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPeople in China are losing patience with Covid controls as protests break outChina has had stringent Covid controls in place for nearly three years and it will be a process for it to get out of its current situation and reopen. CNBC's Evelyn Cheng reports.
☆ European markets head for lower open as Covid protests in China continue
  + stars: | 2022-11-28 | by ( Holly Ellyatt | ) www.cnbc.com   time to read: 1 min
European markets are heading for a lower open on Monday as investors keep a close eye on unrest in China as protests against strict Covid measures and lockdowns erupted over the weekend. The unrest came as infections surged, prompting more local Covid controls, while a central government policy change earlier this month had raised hopes of a gradual easing. Youth unemployment has neared 20%. Hong Kong stocks led losses in a negative Asia-Pacific session on Monday amid the unrest in China over its continued zero-Covid policy. Oil futures hovered around new 2022 lows as demand concerns over the world's second-largest consumer of oil weighed on prices.
☆ China cuts quarantine time for international travelers by two days
  + stars: | 2022-11-11 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina cuts quarantine time for international travelers by two daysTravelers to China no longer have to stay at a centralized quarantine facility for seven days upon arrival. The new rules stipulate a five day quarantine, followed by three days of home observation. CNBC's Evelyn Cheng reports.
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