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Tingshu Wang - 1 Tim Cook - 1 Apple - 1 Brian Niccol - 1 Niccol - 1 Matthew Friend - 1 Jean - 1 Jacques Guiony - 1
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☆ China consumer slowdown weighs on U.S. earnings again
  + stars: | 2024-11-05 | by ( Sonia Heng Evelyn Cheng | Sonia Heng | In Sonia-Heng | ) www.cnbc.com   time to read: +4 min
Tingshu Wang | ReutersFrom Apple to Starbucks , U.S. consumer brands are reporting yet another quarter of China sales declines. Apple last week reported Greater China sales fell slightly to $15.03 billion in the three months ended Sept. 28, down from $15.08 billion in the year-ago period. The quarterly sales decline reduced Apple's China revenue share to 15.8% of total net sales, down from 16.9% in the year-ago period. Low consumer confidenceU.S. sportswear giant Nike said that Greater China revenue for the quarter ended Aug. 31 fell by 4% year-on-year to $1.67 billion. In Europe, luxury giant LVMH also felt the drag from the China market.
Persons: Tingshu Wang, Tim Cook, Apple, Brian Niccol, Niccol, Matthew Friend, Jean, Jacques Guiony, Isaac Stone Fish, Cummins, Walt, Fish Organizations: Reuters, Apple, U.S, Starbucks, Nike, Carrier, Coca Cola, RTX Corporation, Honeywell, Walt Disney, Caterpillar Locations: Chengdu, Sichuan province, China, U.S, what's, Hong Kong, Macao, Taiwan, Greater China, Europe, Asia, Japan, COVID, Japan Asia
☆ Analysis: China keeps up campaign to pressure critics abroad despite Western backlash
  + stars: | 2023-05-10 | by ( Matt Spetalnick David Brunnstrom Michael Martina | Matt Spetalnick | David Brunnstrom | ) www.reuters.com   time to read: +6 min
WASHINGTON, May 10 (Reuters) - China is facing a growing backlash from the United States and other Western governments over its controversial efforts to pressure dissidents and their advocates abroad, but Beijing has appeared undeterred. Authorities in the U.S., Canada, Britain and elsewhere recently have taken a hard line, including with expulsions, indictments, arrests and probes, against Chinese operations they say are aimed at intimidating critics and pursuing officials accused of corruption living abroad. Among Beijing's alleged tactics are threats of harm, online harassment and clandestine operations on foreign soil to hunt pro-democracy activists. Beijing responded within hours by ordering a Canadian diplomat in Shanghai to leave over what it called Ottawa's "unreasonable actions". Despite the latest diplomatic spat between China and Canada, “I don't think that you can say that these particular actions are harming the business relationship," said Sarah Kutulakos, the executive director of the Canada China Business Council.
☆ Open-source software braces for trade war
  + stars: | 2023-02-27 | by ( Pete Sweeney | Thomson Reuters | Asia Economics Editor Pete Sweeney Joined Reuters Breakingviews In Hong Kong In September Previously He Served As Reuters' Chief Correspondent For China Economy | ) www.reuters.com   time to read: +6 min
HONG KONG, Feb 27 (Reuters Breakingviews) - The open-source software movement has been an unprecedented driver of global innovation and productivity growth. As with most Chinese handset makers, founder Ren Zhengfei relied on Android’s open-source code to run his company’s smartphones. Beijing has reciprocated, per a Nikkei report, by instructing its own tech companies not to incorporate ChatGPT into their platforms - a rare example of a mutual firewall. Dividing the world into competing open-source camps would mark another reverse for free trade. Follow @petesweeneypro on TwitterCONTEXT NEWSRegulators have told major Chinese tech companies not to offer ChatGPT services, the Nikkei news service reported on Feb. 22 citing sources with direct knowledge, causing shares in Chinese companies building chatbots to fall.
☆ Analysis: Republicans cry weakness, others see sense in Biden's China protest response
  + stars: | 2022-11-30 | by ( David Brunnstrom Michael Martina Trevor Hunnicutt | David Brunnstrom | Michael Martina | ) www.reuters.com   time to read: +6 min
On Monday, the White House said it backed the right of people to peacefully protest in China but stopped short of criticizing Beijing as protesters in multiple Chinese cities demonstrated against heavy COVID-19 measures. The Republican response was swift. Senator Ted Cruz called White House response "pitiful," adding in a tweet: "At a potentially historic inflection point, Dems shill for the CCP." Beyond this, say analysts, the U.S. wants to avoid language that allows China to pin the protests on U.S. interference. Daniel Russel, who served as the top U.S. diplomat for East Asia in the Obama administration, said the Biden White House would be focused on the next steps by Chinese authorities.
☆ China to punish internet users for ‘liking’ posts in crackdown after zero-Covid protests
  + stars: | 2022-11-30 | by ( Laura He | ) edition.cnn.com   time to read: +5 min
Hong Kong CNN Business —Internet users in China will soon be held liable for liking posts deemed illegal or harmful, sparking fears that the world’s second largest economy plans to control social media like never before. China’s internet watchdog is stepping up its regulation of cyberspace as authorities intensify their crackdown on online dissent amid growing public anger against the country’s stringent Covid restrictions. For the first time, it states that “likes” of public posts must be regulated, along with other types of comments. This year, the country’s strict zero-Covid policy and Xi’s securing of a historic third term have sparked discontent and anger among many online users. “Cyberspace policing by Chinese authorities is already beyond measure, but that does not stop brave Chinese citizens from challenging the regime,” he said.
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