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China's Q3 economic growth exceeds consensus estimates
  + stars: | 2023-10-18 | by ( Eunice Yoon | ) 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 Q3 economic growth exceeds consensus estimatesCNBC's Eunice Yoon joins 'Squawk on the Street' from Beijing with the latest economic data out of China.
Persons: Eunice Yoon Locations: Beijing, China
Both figures were lower than what Chinese state media had earlier cited the ministry as predicting: 896 million trips and 782.5 billion yuan in domestic tourism revenue. Golden Week domestic tourism revenue was 753.43 billion yuan ($103.24 billion) — a 1.5% increase from that in 2019, according to China's Ministry of Culture and Tourism . The number of domestic tourist trips rose by 4.1% from 2019 to 826 million during the latest eight-day holiday, the ministry said. BEIJING — China's big "Golden Week" holiday saw domestic tourism rebound to around pre-pandemic levels, while overseas travel had yet to fully recover, according to official figures. That was also below earlier predictions, reported by state media, which forecast nearly 1.6 million trips across the border a day.
Persons: Morgan, Robin Xing, Morgan Stanley, Trip.com, Jane Sun, CNBC's Eunice Yoon Organizations: China, Golden, China's Ministry of Culture, Tourism, BEIJING, National Immigration Administration, China's Labor Locations: China, Beijing, Thailand, Singapore, Malaysia, South Korea, Switzerland, Spain, Turkey, France, Europe
China tightens leash on app stores, Apple yet to comply
  + stars: | 2023-09-27 | 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 tightens leash on app stores, Apple yet to complyCNBC's Eunice Yoon joins 'Squawk Box' lives from Beijing with the latest.
Persons: Eunice Yoon Organizations: China Locations: Beijing
Chinese EV upstart Zeekr heads to Europe
  + stars: | 2023-09-18 | 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 EV upstart Zeekr heads to EuropeCNBC's Eunice Yoon reports on China EV maker Zeekr, which just filed for an IPO in New York.
Persons: Eunice Yoon Organizations: China, Zeekr Locations: Europe, New York
China has not instituted any laws or regulations prohibiting government employees from using or buying foreign phones, the Chinese Foreign Ministry said Wednesday, addressing media reports that said government staffers had been banned from using Apple iPhones. "China has not issued any laws, regulations or policy documents prohibiting the purchase and use of mobile phones from foreign brands such as Apple," a Ministry of Foreign Affairs spokesperson said at a regularly scheduled briefing Wednesday in Beijing. The Foreign Ministry specifically denied the existence of any official policy barring foreign phone use but did not address the informal guidance reported by the Journal. Apple shares were down less than 1% in early trading Wednesday, a day after the company announced the new iPhone 15. The response from the Foreign Ministry spokesperson also noted unspecified "security incidents" linked to iPhones.
Persons: , Eunice Yoon Organizations: Chinese Foreign Ministry, Apple, Ministry of Foreign Affairs, Street Journal, Bloomberg, The, Foreign Ministry, Journal Locations: China, Beijing
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailArm's China risks remain in focus ahead of highly-anticipated IPOCNBC's Eunice Yoon joins 'Squawk on the Street' to report on Arm's China exposure.
Persons: Eunice Yoon Locations: China
Long wait times for visa applications are keeping people in China from traveling internationally as much as they'd like to, Jane Sun, CEO of travel booking site Trip.com , told CNBC's Eunice Yoon. For example, applications for a Schengen visa take two to six months, Sun said, "which is too long." She claimed demand for international travel from China has "far exceeded" the 2019 level, before the pandemic. Demand for domestic travel has exceeded the 2019 level by 60%, she said. As of August, the U.S. only allowed 12 round-trip passenger flights a week from China to the U.S. That was slated to increase to 18 a week starting Sept. 1, and 24 a week starting Oct. 29.
Persons: Long, Jane Sun, CNBC's Eunice Yoon, Sun Organizations: U.S Locations: China, U.S
China's Apple ban broadens to local governments
  + stars: | 2023-09-08 | 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 Apple ban broadens to local governmentsCNBC's Eunice Yoon joins 'Squawk on the Street' to discuss the launch of Huawei's latest phone, China's Apple restrictions expanding to more devices and across local governments, and whether China may expand tech bans beyond Apple.
Persons: Eunice Yoon Organizations: Apple Locations: China
China bans the use of Apple iPhones among government officials
  + stars: | 2023-09-07 | 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 bans the use of Apple iPhones among government officialsCNBC's Eunice Yoon joins 'Squawk on the Street' to discuss the new policy out of China banning government workers from using iPhones, Huawei's nearing 5G technology promise, and Chinese state media's mockery of U.S. Commerce Secretary Raimondo over Huawei policy.
Persons: Eunice Yoon, Raimondo Organizations: China, Apple, . Commerce, Huawei Locations: China
Mandel Ngan | Afp | Getty ImagesBEIJING — China's Ministry of Commerce said Thursday that restoring stability in U.S.-China trade relations is the best way to "de-risk" — a twist to a term that's become popular in international politics. That also "allows bilateral economic trade relations to better play the role of 'ballast,' stabilizing business expectations and increasing business confidence for carrying out trade and investment." In November last year, U.S. President Joe Biden and Chinese President Xi Jinping met in Bali, Indonesia, for their first in-person meeting since Biden took office. Their meeting kicked off formal plans for U.S. Secretary of State Antony Blinken and other U.S. senior officials to visit China this year. Following her meetings, the U.S. and China agreed to establish regular communication channels on commerce, export controls and protecting trade secrets.
Persons: Joe Biden, Xi Jinping, Roosevelt, Mandel Ngan, Shu Jueting, Biden, Antony Blinken, Scott Kennedy, International Studies Shu, Wang Wentao, Gina Raimondo, Shu, Raimondo, Wang, CNBC's Eunice Yoon Organizations: White, Afp, Getty, BEIJING, China's Ministry of Commerce, Ministry of Commerce, CNBC, U.S, Scott, Scott Kennedy Center for Strategic, International Studies, Commerce, Center for Strategic, . Commerce Locations: Washington ,, China, Bali, U.S, Bali , Indonesia, Beijing, Shanghai, America
Andy Wong | Afp | Getty ImagesBEIJING — U.S. Commerce Secretary Gina Raimondo has called on China to improve the predictability of the business environment for American companies in the country. "There's an appetite certainly for U.S. business to continue to do business in China," she said, adding however that "It's an unlevel playing field for U.S. business. Foreign companies in China have long complained about market access challenges including forced tech transfers and preferential treatment for local companies, especially state-owned enterprises. Gina Raimondo U.S. Commerce SecretaryThe updated law is of "great concern" to U.S. companies, Raimondo said. Foreign business organizations have noted improvements over the years in China's protection of intellectual property.
Persons: Gina Raimondo, China Nick Burns, Premier Li Qiang, Andy Wong, Raimondo, CNBC's Eunice Yoon, Biden, Stephen Olson Hinrich, Stephen Olson Organizations: Premier, of, People, Afp, Getty, U.S . Commerce, U.S, Trump, U.S . Department of Commerce's, of Industry, Security, Commerce, CNBC, Foundation, Biden, Boeing, Bloomberg Locations: China, Beijing, BEIJING, U.S, Shanghai, America, The U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. Commerce Secretary Raimondo: Retaliation is not the way to attract U.S. investmentCNBC's Eunice Yoon joins 'The Exchange' to discuss the highlights from her exclusive interview with U.S. Commerce Secretary Raimondo, signs of improved U.S. China cooperation, and concerns about Chinese retaliation against the U.S. export controls.
Persons: Raimondo, Eunice Yoon Organizations: U.S, Commerce, U.S . Commerce Locations: China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSec. Raimondo meets Chinese officials in ‘tricky’ visit as countries seek a more stable relationshipCNBC's Eunice Yoon joins 'Squawk on the Street' from Beijing with the latest news.
Persons: Raimondo, Eunice Yoon Locations: Beijing
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCommerce Secretary Gina Raimondo prepares for high-stakes China visitCNBC's Eunice Yoon joins 'Squawk Box' from Beijing with the latest news.
Persons: Gina Raimondo, CNBC's Eunice Yoon Organizations: Email Locations: China, Beijing
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina surprises with rate cuts as economy grapples with ‘confidence crisis’CNBC's Eunice Yoon joins 'Squawk on the Street' from Beijing with the latest news.
Persons: Eunice Yoon Organizations: China Locations: Beijing
Watch CNBC’s full interview with China expert Dennis Unkovic
  + stars: | 2023-08-14 | 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 EmailWatch CNBC’s full interview with China expert Dennis UnkovicDennis Unkovic, partner at Meyer, Unkovic and Scott, and CNBC's Eunice Yoon join 'Power Lunch' to discuss China's real estate market's impact on its economy and more.
Persons: Dennis Unkovic Dennis Unkovic, Meyer, Unkovic, Scott, Eunice Yoon Locations: China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina expert Dennis Unkovic weighs in on the country's failing real estate marketDennis Unkovic, partner at Meyer, Unkovic and Scott, and CNBC's Eunice Yoon join 'Power Lunch' to discuss China's real estate market's impact on its economy and more.
Persons: Dennis Unkovic, Meyer, Unkovic, Scott, Eunice Yoon Organizations: China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina Real Estate Troubles: Country Garden hits record low after profit warning as debt fears loomCNBC's Eunice Yoon joins 'Squawk on the Street' from Beijing with the latest news.
Persons: Eunice Yoon Locations: Beijing
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email‘Blatant economic coercion’: China slams Biden’s order limiting U.S. overseas tech investmentCNBC's Eunice Yoon joins 'Squawk Box' from Beijing with the latest.
Persons: Eunice Yoon Locations: China, Beijing
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTreasury Secretary Janet Yellen arrives in China as trade tensions riseCNBC's Eunice Yoon joins 'Squawk Box' from Beijing with the latest news.
Persons: Janet Yellen, Eunice Yoon Locations: China, Beijing
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. Treasury Secretary Yellen visiting Beijing to meet with Chinese leadershipCNBC's Eunice Yoon reports on U.S. Treasury Secretary Janet Yellen visiting China this week and what the White House hopes to accomplish with the high-profile visit.
Persons: Yellen, CNBC's Eunice Yoon, Janet Yellen Organizations: U.S, Treasury Locations: Beijing, China
Wagner troops withdraw from Russia following a rebellion attempt
  + stars: | 2023-06-26 | 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 EmailWagner troops withdraw from Russia following a rebellion attemptCNBC's Kelly Cobiella and Eunice Yoon join 'The Exchange' to discuss Wagner troops withdrawing from Russia, China's strategic partnership with Russia, and China's attempt to stay neutral on Ukraine.
Persons: Wagner, CNBC's Kelly Cobiella, Eunice Yoon Locations: Russia, Ukraine
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoldman Sachs joins other Wall Street banks in cutting China’s growth outlookCNBC's Eunice Yoon joins 'Squawk on the Street' from Beijing to report on Goldman Sachs becoming the latest Wall Street bank to downgrade its growth forecast for China.
Persons: Goldman Sachs, Eunice Yoon Locations: Beijing, China
Youth unemployment in China hits record 20.8% in May
  + stars: | 2023-06-15 | by ( Eunice Yoon | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailYouth unemployment in China hits record 20.8% in MayCNBC's Eunice Yoon joins 'The Exchange' to discuss growing concern over China's economic return, weakening global demand for Chinese products, and China's youth unemployment data hitting record lows.
Persons: CNBC's Eunice Yoon Locations: China
China’s central bank downplays deflation fears
  + stars: | 2023-06-09 | by ( Eunice Yoon | ) 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 central bank downplays deflation fearsCNBC's Eunice Yoon joins 'The Exchange' to report on China's economy.
Persons: Eunice Yoon
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