Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "China


25 mentions found


Signage for the Shanghai Stock Exchange in Pudong's Lujiazui Financial District in Shanghai, China, on Jan. 29, 2024. Asia-Pacific stock markets rose Monday ahead of a private survey on China's manufacturing sector. The Caixin manufacturing survey will follow official data from Friday that showed China's manufacturing sector unexpectedly contracted in May. Investors will also focus on India markets as exit polls over the weekend suggested Prime Minister Narendra Modi and his Bharatiya Janata Party-led alliance was set for a rare third consecutive term in power.
Persons: Narendra Modi Organizations: Shanghai Stock Exchange, Investors, Bharatiya Janata Party Locations: Lujiazui, Shanghai, China, Asia, Pacific, India
European markets are poised to start the month higher Monday as investors look ahead to the European Central Bank's latest interest rate decision later this week. The U.K.'s FTSE 100 was last seen 63 points higher at 8,340, according to IG data, while Germany's DAX was up 173 points at 18,652. France's CAC was 62 points higher at 8,041and Italy's MIB was up 359 points at 34,893. The move would mark the first time the ECB has cut rates ahead of the U.S. Federal Reserve. U.S. stock futures also started the month in positive territory, coming off the back of a strong May in which all three major averages notched their sixth positive month in seven.
Persons: Germany's DAX, China's Organizations: Central, CAC, ECB, U.S . Federal Locations: Spain, France, Germany, Asia, Pacific
Chinese companies like social media giant TikTok and IT giant Lenovo are already globally competitive behemoths with compelling products. Admittedly, it's not a new move for Chinese companies to invest outside of China. Related storiesThis means Chinese companies will set up facilities overseas under their own brand or subsidiaries. In 2022, the German government blocked Chinese companies from taking stakes in two German chip companies, citing national security concerns and concerns over technology transfer. But even in today's complex geopolitical environment, Chinese companies are expected to continue venturing away from home, per EY.
Persons: , Chris Pereira, it's, It's, Pereira, Loletta Chow Organizations: Service, Lenovo, Chery, Business, Intelligence, EV, US, EY, EY China Overseas Investment Network, & $ Locations: China, New York, Asia, New York City, Swiss, Southeast Asia, Europe, Africa, America, Qatar, Spain, Norway, EY China
A Chinese flag in Pudong's Lujiazui Financial District in Shanghai, China, on Sept. 18, 2023. China has alleged that the British Secret Intelligence Service MI6 turned two staff members of unnamed Chinese central state organs into spies for the British government, its State Security Ministry said in a statement on Monday. The ministry said the case against the two spies, a married couple, is under further investigation. In January, China revealed an espionage case in which it said MI6 used a foreigner in China to collect secrets and information. Britain in April charged two people with providing prejudicial information to China and last month charged three people with assisting Hong Kong's foreign intelligence service in Britain.
Persons: Hong Organizations: British Secret Intelligence Service, State Security Ministry Locations: Lujiazui, Shanghai, China, Britain
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailANZ says China needs to do more to support domestic economic recoveryRaymond Yeung, chief economist at ANZ, says "simply relying on a strong manufacturing sector for certain products … might not be able to drive economic momentum."
Persons: Raymond Yeung Organizations: ANZ Locations: China
Read previewDonald Trump says his trade policy would be a way to protect the US from exploitation. Yet, by applying a base tariff on virtually all foreign goods, he's starting a "war against trade itself," Alan Wm. Related stories"Economists agree that high tariffs broadened and deepened the Great Depression, when US unemployment reached 25 percent and we nearly lost our democracy," the distinguished visiting fellow wrote. That's why I think we're going to be entering into a trade war next year." For instance, the new 50% tariffs on Chinese semiconductors may seem extreme, but they target a trade that's just below $1 billion a year, he said.
Persons: , Donald Trump, Alan Wm, Wolff, Trump, Trump's, Kenneth Rogoff, Leland Miller, Biden, Waller, they're Organizations: Service, Peterson Institute for International Economics, Republican, Business, Trump, Peterson Institute, Biden Locations: Britain, China, Beijing, America
The prominent OPEC+ oil producers' alliance is awaiting concrete central bank action on interest rates before factoring in the potential impact on the energy demand landscape, according to Saudi Arabia's energy minister. The production strategy decisions come at a time when OPEC's own forecasts show a 2.25 million barrel-per-day increase in demand, according to the Monthly Oil Market Report of May. Energy costs spiked worldwide in the wake of Russia's full-fledged invasion of Ukraine, aggravating the economic downturn that followed the Covid-19 pandemic. Global institutions have previously mentioned energy prices as underpinning inflationary concerns. In turn, the piled-on inflation has muzzled oil demand.
Persons: Prince Abdulaziz bin Salman, Organizations: Organization of, Petroleum, Monthly Locations: OPEC, Saudi, China, Ukraine
Western leaders are embarking on an extraordinary stretch of summitry this week, which could give them a chance to project unity to adversaries who increasingly view the West as something to be defied, disregarded or even repudiated. On one level, D-Day and NATO are inspiring bookends: the first, a nostalgic commemoration of the Allied victory over Nazi tyranny; the second, a 75th birthday party for the alliance that grew out of the ashes of World War II. In between, there is a Ukraine peace conference in Switzerland and a Group of 7 leaders’ summit in Italy. Yet beneath the pride and pomp, there will be nagging doubts, not least about the direction of American politics. President Biden will travel to France and Italy (he is expected to skip the Switzerland forum), but he is squeezing in the diplomacy amid an election-year battle against former President Donald J. Trump, whose victory in November would call into question the very survival of the alliance that Western leaders are spending so much time celebrating.
Persons: Biden, Donald J, Trump Organizations: NATO Locations: Normandy, Washington, Ukraine, Gaza, China, United States, Switzerland, , Italy, France
China's Defense Minister Dong Jun speaks during the 21st Shangri-La Dialogue summit in Singapore on June 2, 2024. Nhac Nguyen | AFP | Getty ImagesSINGAPORE — China's defense minister, Adm. Dong Jun, vowed that anyone who aims to separate Taiwan from China will face "self-destruction." "Anyone who dares to separate Taiwan from China will only end up in self-destruction," he said. In response to questions, Dong reiterated China's position that Taiwan is part of China and said Beijing is committed to peaceful reunification. "These kinds of behavior sends very wrong signals to the Taiwan independence forces and make them become very aggressive.
Persons: Dong Jun, Nhac Nguyen, Dong, Lai Ching, , Bastian Giegerich, Ferdinand Marcos Jr, Thomas Shoal Organizations: China's, AFP, Getty, SINGAPORE, Democratic Progressive Party, Abrams, U.S, International Institute for Strategic Studies, Liberation Army Locations: Singapore, Taiwan, China, Beijing, U.S, Philippine, South, Philippines, Manila
Huawei, a Chinese telecommunications company, has become one of the world's biggest tech names. It started off manufacturing equipment before venturing into smartphones and more. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementHuawei has become one of the world's biggest, most controversial tech companies over nearly 40 years.
Persons: Organizations: Huawei, Apple, Service, Business Locations: Chinese, China
Ukraine's President Volodymyr Zelensky speaks during the 21st Shangri-La Dialogue summit at the Shangri-La Hotel in Singapore on June 2, 2024. SINGAPORE — Ukrainian President Volodymyr Zelenskyy on Sunday accused China of helping Russia to disrupt an upcoming peace summit by pressuring other countries not to attend. Zelenskyy, speaking at the Shangri-La Dialogue in Singapore, said that Russia is using Chinese influence in Asia to disrupt the summit. "Unfortunately, regrettably, Russia, using Chinese influence on the region, using Chinese diplomats, does everything to disrupt the peace summit," he said, according to a translation of his remarks, without giving specific examples. Zelenskyy also accused Russia of threatening other nations with blockades of goods such as agricultural exports, chemical products and high energy prices.
Persons: Volodymyr Zelensky, Volodymyr Zelenskyy, Vladimir, Putin, Zelenskyy Organizations: SINGAPORE —, CNBC, Chinese Foreign Ministry Locations: Singapore, SINGAPORE, China, Russia, Ukraine, Switzerland, Asia, regrettably, Moscow
Hong Kong CNN —China on Monday accused Britain of recruiting a married couple employed by the Chinese central government to spy for its MI6 intelligence service, as the two countries trade allegations of espionage. Those charges in the United Kingdom came after China’s MSS said in January it had detained the head of a foreign consultancy who had allegedly spied for MI6. Under Xi Jinping, China’s most authoritarian leader in decades, the country’s notoriously secretive spy agency has drastically raised its public profile and broadened its remit. In its latest statement Monday, the MSS detailed its allegations against the married couple. According to the MSS, foreign spies are omnipresent and infiltrating everything – from mapping apps to weather stations.
Persons: Hong, Xi, Wang, , , Zhou, Organizations: Hong Kong CNN, Ministry of State Security, Conservative Party, China’s, , CNN, Britain’s Foreign, Secret Intelligence Service, CIA Locations: Hong Kong, China, British, United Kingdom, Britain
CNN —Former President Donald Trump has joined TikTok, the fast-growing social media platform with ties to China that Trump has publicly embraced even though he railed against it as president. “The president is now on TikTok,” White said at the start of the video. But Trump now says he opposes a nationwide TikTok ban, adding that such a policy would only alienate young Americans and benefit Meta. The Biden campaign, for its part, also has a presence on TikTok and has continued to post on the platform even as the Biden administration has supported a nationwide TikTok ban. TikTok has filed a legal challenge to the law Biden signed in April that would ban the app unless it finds a new owner.
Persons: Donald Trump, Trump, Dana White, , , ” White, Taylor Budowich, “ MAGA, Joe Biden, Trump’s, Biden, TikTok, Organizations: CNN, UFC, MAGA Inc, “ MAGA INC, Facebook, New Locations: China, Newark , New Jersey, Trump’s America, United States, New York
"Improving domestic ecommerce market share should lead to better monetization eventually," Yao said. The investment firm expects Douyin to match PDD's market share of 21% next year, and surpass it by reaching 22% in 2026. Tencent's WeChat Video Account platform is expected to retain about 2% to 3% of GMV market share through 2026, the Goldman analysis said. The video streaming platform last month reported e-commerce GMV grew by 28.2% year-on-year in the first quarter to 288.1 billion yuan ($40,55 billion). The firm forecasts Kuaishou's e-commerce GMV revenue will grow by 25% this year, although livestreaming revenue — which has accounted for about a third of total revenue — is expected to drop due to a high base.
Persons: James Yang, Bain, Joe Tsai, Emily Tan, Yang, Alibaba, Goldman Sachs, Ronald Keung, David Ma, China's, Morgan Stanley, Eddy Wang, Kenneth Fong, JD, David Beckham, Alex Yao, monetization, Yao, Tmall's GMV, Douyin, Alibaba's, Tencent's, Goldman, Sophie Huang, — CNBC's Michael Bloom Organizations: Bain and Company, PDD Holdings, Goldman, UBS, JPMorgan China, ByteDance, Hong Locations: China, Hong Kong, Asia, U.S, Alibaba, 2Q24, 2Q24E
OPEC+, a group of 23 oil-producing nations led by Saudi Arabia and Russia, will convene on Sunday to decide on the next phase of production policy. The influential Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+, on Sunday agreed to extend their official crude output agreement into 2025. The coalition will produce a combined 39.725 million barrels per day next year, according to a table published by the OPEC Secretariat. Speaking to CNBC, analysts and OPEC+ delegates had previously signaled a high likelihood that the oil producers' alliance would extend its existing supply cuts. Until the end of June, OPEC+ producers are performing a combined 5.86 million barrels per day of supply cuts, of which 2 million barrels per day represented unanimous commitments under OPEC group policy that span this year.
Organizations: of, Petroleum, Sunday, CNBC, Institution, OPEC's, Energy Locations: Saudi Arabia, Russia, OPEC, Angola, UAE, China, Paris
Singapore CNN —China’s support to Russia will extend the war in Ukraine, President Volodymyr Zelensky said Sunday, as he called on countries across the Asia-Pacific to join an upcoming peace summit he accused Russia of trying to thwart. It comes ahead of the international peace conference on Ukraine slated to be held June 15-16 in Switzerland. “With China’s support to Russia the war will last longer. When asked later about China’s statement it would not attend the peace summit, the Ukrainian leader accused Russia of using Chinese diplomats to disrupt it. “Time is running out” including for Ukrainian children taken by Russia, Zelensky told a packed hall during an address on the closing day of the three-day security meeting.
Persons: Volodymyr Zelensky, Zelensky, China –, ” Zelensky, , Putin, of National Defense Dong, ” Dong, Lloyd Austin, Dong, Russia ”, Vladimir Putin, , Austin, Prabowo Subianto, José Ramos, Pat Ryder, Joe Biden Organizations: Singapore CNN —, of National Defense, CNN, China’s Ministry of Foreign Affairs, Criminal, Ministry of Foreign, US Defense, Horta, Ukraine, Pentagon, Twitter Locations: Singapore, Russia, Ukraine, Asia, Pacific, China, Switzerland, Beijing, Kharkiv, The Hague, United States, Timor
According to the CCP's plan, by 2020, China was supposed to have "achieved iconic advances in AI models and methods, core devices, high-end equipment, and foundational software." Censorship requirements may slow China's AI development and limit the commercialization of domestic models, but they will not stop Beijing from benefiting from AI where it sees fit. We're not seeing a huge gap between the models Chinese companies have been able to roll out. The current price war is a race to the bottom, similar to what we've seen in the Chinese technology space before. A race to the bottom may simply beggar China's AI ecosystem.
Persons: Xi Jinping, China doesn't, there's, Beijing's, Reva Goujon, We're, It's, ChatGPT, Xie Huanchi, couldn't, you'll, , Kenneth DeWoskin, it's, Matt Sheehan, they're, chatbot, Sheehan, Ernie Bot, There's, Alibaba, ByteDance's, Paul Triolo, Albright, we've, haven't, DeWoskin, Sam Altman, Elon Musk Organizations: Chinese Communist Party, CCP, Intelligence, Cyberspace Administration, Getty, Freedom, University of Michigan, Deloitte, CAC, Carnegie Endowment, International Peace, Baidu, Bloomberg, Companies, Brookings Institution, Beijing, The Commerce Department Locations: China, Beijing, China's, Hong Kong, Xinhua, , Washington, Brussels, Berlin, Taiwan, US, Xinjiang
OPEC+ to extend deep oil production cuts into 2025
  + stars: | 2024-06-02 | by ( Anna Cooban | ) edition.cnn.com   time to read: +2 min
CNN —The Organization of the Petroleum Exporting Countries and its allies — a group of leading oil producers known as OPEC+ — agreed Sunday to extend a voluntary production cut of 2.2 million barrels of crude oil a day into 2025. The group also released its 2025 production requirements for member and nonmember countries, which were essentially the same as this year’s. Despite the OPEC+ cuts, equivalent to about 5.7% of global crude supply, and ongoing tensions in the Middle East, global oil prices have fallen by about 10% since hitting a five-month high in early April. The IEA expects global supply to increase by just 580,000 barrels per day this year. Sunday’s OPEC+ decision coincides with Saudi Arabia selling some more shares in its oil company Aramco.
Persons: , Russia —, Brent Organizations: CNN, of, Petroleum, United, Emirates, Brent, West Texas, International Monetary Fund, International Energy Agency, IEA, Saudi, Aramco Locations: OPEC, Saudi Arabia, Russia, United States, , Syria, China, Europe, Paris, Riyadh
This year, Washington finalized a long-delayed plan to give Palau hundreds of millions of dollars in aid over two decades. Hours before diplomats gathered at the U.S. Embassy in Palau to toast the agreement, the island nation was hit by an enormous cyberattack. And there were hundreds of documents detailing the close relationship between Palau and Taiwan. Palau is one of the few countries in the world that recognize Taiwan as an independent democracy. Beijing has enticed other countries, like Nauru, another Pacific nation, to sever ties with Taipei.
Organizations: U.S, Embassy, Navy Locations: Palau, United States, China, Washington, U.S, Taiwan, Beijing, Nauru, Pacific, Taipei
A Chinese spacecraft landed on the far side of the moon Sunday to collect soil and rock samples that could provide insights into differences between the less-explored region and the better-known near side. The landing module touched down at 6:23 a.m. Beijing time in a huge crater known as the South Pole-Aitken Basin, the China National Space Administration said. The mission is the sixth in the Chang'e moon exploration program, which is named after a Chinese moon goddess. It is the second designed to bring back samples, following the Chang'e 5, which did so from the near side in 2020. The moon program is part of a growing rivalry with the U.S. — still the leader in space exploration — and others, including Japan and India.
Persons: Organizations: China National Space Administration, U.S, NASA Locations: Beijing, Aitken, China, Japan, India, United States, America
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina continues to support Russia in a 'limitless' relationship, says NATO military committee chairNATO Military Committee chair Rob Bauer says China has not condemned Russia's attack on Ukraine, and explains why this is hypocritical.
Persons: Rob Bauer, Russia's Organizations: China, NATO Locations: Russia, China, Ukraine
Just ask Ross Stores: America’s largest off-price retailer reported earnings and revenue that beat analysts’ forecasts last week. The US Labor Department releases April figures on job openings, quits, hires and layoffs. The US Commerce Department releases April figures on new orders for manufactured goods. The US Commerce Department releases April data on exports and imports. Friday: The US Labor Department releases May data gauging the state of the job market, including monthly payroll growth, wage gains and the unemployment rate.
Persons: Ross, , ” Adam Orvos, ” TJX, TJ Maxx, LVMH Moët Hennessy Louis Vuitton, ” Clayton Allison, Allison, ” Allison, Brown Forman, Campbell Organizations: CNN Business, Bell, Washington CNN, Companies, Ross Stores, Marshalls, Burberry, Prime Capital Investment Advisors, CNN, Walmart, P Global, Institute for Supply Management, CrowdStrike, Hewlett Packard Enterprise, Body, US Labor Department, US Commerce Department, Bank of Canada, Autodesk, Smucker, DocuSign, Vail Resorts, European Central Bank Locations: Washington, North America, Europe, Australia, Americas, Zumiez
Soldiers inspect debris from a balloon sent by North Korea that landed in Incheon, South Korea on June 2, 2024. She compared North Korea’s actions to South Korea’s years-long practice of sending balloons with anti-North Korea leaflets the other way. North Korea is almost completely closed off from the rest of the world, with tight control over what information gets in or out. Earlier this year a South Korean research group released rare footage that it claimed showed North Korean teenagers sentenced to hard labor for watching and distributing K-dramas. But the situation in North Korea deteriorated in the following years and diplomatic talks fell apart – prompting strict rules to snap back into place.
Persons: Kim Jong Un’s, Kim Yo Jong –, , Organizations: CNN, Korea’s, Chiefs, Staff, United Nations Command, Korean Central News Agency, North Locations: Korea, Seoul, South Korea, Gyeonggi, Chungcheong, Gyeongsang, North Korea, Incheon, Korean, China
The Floating Traffic Jam That Freaked Us All Out
  + stars: | 2024-06-02 | by ( Peter S. Goodman | ) www.nytimes.com   time to read: 1 min
Southern California appeared to be under siege from a blockade. Rubberneckers flocked to the water’s edge with binoculars, trying to count the ships that stretched to the inky horizon. This was what it looked like when the global economy came shuddering to a halt. It was October 2021, and the planet had been seized by the worst pandemic in a century. Basic geography itself seemed reconfigured, as if the oceans had stretched wider, adding to the distance separating the factories of China from the superstores of the United States.
Locations: Southern California, Los Angeles, Long Beach, Calif, China, United States
The competing strains on U.S. global power came into sharp focus at a security conference on Sunday, where China accused the United States of stoking tensions around Taiwan and the South China Sea, and President Volodymyr Zelensky of Ukraine was seeking greater support for his embattled country. This year, the United States Defense Secretary Lloyd J. Austin III and China’s defense minister, Adm. Dong Jun, held talks, something the top defense officials from the two countries have not always done at this gathering. But Admiral Dong made clear that China remained deeply antagonistic to U.S. influence and alliance-building across Asia, especially American support for Taiwan, the island democracy that Beijing claims as its territory. “These malign intentions are drawing Taiwan to the dangers of war,” Admiral Dong told the meeting after making an oblique but unmistakable reference to U.S. military and political support for Taiwan. “Anyone who dares split Taiwan from China will be smashed to pieces and court their own destruction.”
Persons: Volodymyr Zelensky, Lloyd J, Austin III, Dong Jun, Admiral Dong, Organizations: United States Defense, Taiwan Locations: China, United States, Taiwan, South China, Ukraine, Singapore, U.S, Asia, Beijing
Total: 25