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☆ Is India the next China? Analyst says he is 'very, very bullish' on one of them
▼ + stars: | 2023-07-03 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +2 min

India is not the new China, and the emerging superpower is marching to the beat of its own drum and could "enjoy some very high growth years," said Riedel Research Group. "Definitely prefer India over China," he continued. "China's economy [is] much larger but this is a notable shift as India has perennially underperformed China." Riedel also maintained that India is a "very different country" from what China is today and ever was. "The whole mutual fund business, the private sector banking business ... they really have a decade of growth ahead of them."

Persons: David Riedel, Riedel, Morgan Stanley, Manish Chokhani, CNBC's Organizations: Research, CNBC, P Global, Enam Holdings Locations: Mumbai, India, China, Japan, Germany

☆ India's gearing up to be the new China, but even Elon Musk is finding it hard to crack into the market. Here are 5 reasons why.
▼ + stars: | 2023-06-28 | by ( Huileng Tan | ) www.businessinsider.com time to read: +7 min

India has overtaken China as the world's most populous country, and it's pushing for foreign investments. But foreign investors keen to enter the Indian market face various barriers to entry. Earlier this year, India overtook China as the world's most populous country. Among investors keen on investing in India are Tesla and SpaceX CEO Elon Musk, and tech giant Apple. But given the huge Indian market, Tesla isn't giving up.

Persons: —, Narendra Modi's, Elon Musk, Mark Mobius, Modi —, Modi, Musk, Ashutosh Sharma, Forrester, That's, Sharma, India's, Mukesh Ambani Organizations: Service, India, Indian, Tesla, SpaceX, US International Trade Administration, ITA, Bank, World Bank, US, Reliance Industries SpaceX, Reliance, Reuters, Ambani's Locations: India, China

☆ U.S. considering new A.I. chip export restrictions for China
▼ + stars: | 2023-06-28 | 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 EmailU.S. considering new A.I. chip export restrictions for ChinaCNBC's Kristina Partsinevelos joins 'Power Lunch' to report on the U.S. considering new China export curbs on AI components.

Persons: China CNBC's Kristina Partsinevelos Locations: China

The lawsuit stemmed from Cook's comment on a Nov. 1, 2018, analyst call that while Apple faced sales pressure in markets such as Brazil, India, Russia and Turkey, where currencies had weakened, "I would not put China in that category." Rogers, based in Oakland, California, said jurors could reasonably infer that Cook was discussing Apple's sales outlook in China, not past performance or the impact of currency changes. The judge also said that prior to Cook's comment, Apple knew China's economy had been slowing and had data suggesting that demand could fall. Apple and its lawyers did not immediately respond on Tuesday to requests for comment. The case is In re Apple Inc Securities Litigation, U.S. District Court, Northern District of California, No.

Persons: Tim Cook, Yvonne Gonzalez Rogers, Rogers, Cook, Apple, Jonathan Stempel, Jonathan Oatis Organizations: Apple Inc, Apple, U.S, Norfolk Pension Fund, Apple Inc Securities Litigation, Court, Northern District of, Thomson Locations: U.S, China . U.S, Brazil, India, Russia, Turkey, China, Cupertino , California, Oakland , California, Norfolk, Norwich, England, Northern District, Northern District of California, New York

Where can a Chinese buyer purchase top-end Nvidia (NVDA.O) AI chips in the wake of U.S. sanctions? A model similar to OpenAI's GPT would require more than 30,000 Nvidia A100 cards, according to research firm TrendForce. Nvidia's more advanced H100 chips, only on the market since March, appear much harder to come by. He added the premiums currently commanded by Chinese vendors for A100 and H100 chips could collapse in the future as many of the Chinese AI startups that were driving purchases would eventually withdraw from the market. ($1 = 7.8307 Hong Kong dollars)Reporting by Josh Ye in Hong Kong, David Kirton in Shenzhen and Chen Lin in Singapore; Additional reporting by Fanny Potkin in Singapore; Editing by Brenda Goh and Edwina GibbsOur Standards: The Thomson Reuters Trust Principles.

Persons: Joe Biden's, OpenAI's, Ivan Lau, Hong, ByteDance, Vinci Chow, Charlie Chai, Josh Ye, David Kirton, Chen Lin, Fanny Potkin, Brenda Goh, Edwina Gibbs Organizations: Nvidia, SEG, Reuters, supercomputing, HK, U.S . Department of Commerce, China's, Information, Tencent Holdings, Taobao, Chinese University of Hong, Thomson Locations: HONG KONG, SHENZHEN, China, U.S, Shenzhen, Hong Kong, India, Taiwan, Singapore, Chinese University of Hong Kong, Shanghai

Economists expect such examples to become increasingly common in coming years, as a glut of university graduates and a shortage of factory labour due to an ageing workforce deepen China's job market imbalances. The industries most popular among fresh Chinese graduates, such as tech, education, real estate and finance, have all faced regulatory crackdowns in recent years. Reuters Graphics'ROLL UP YOUR SLEEVES'It is unclear exactly how many graduates are taking jobs below their skill level, but state media has acknowledged the trend. President Xi Jinping repeatedly exhorted young people to "seek hardships" in a recent state media article emphasising his suffering during the Cultural Revolution. China's education and human resources ministries did not immediately respond to requests for comment.

Persons: Thomas Peter, Liang Huaxiao, Liang, Keyu Jin, Xi Jinping, today's, Chim Lee, Jobs, Han Zhaoxue, master's, Wang, Laurie Chen, Marius Zaharia Organizations: REUTERS, Economist Intelligence Unit, Thomson Locations: Beijing, China, BEIJING, Taiyuan, Shanghai, Jining

☆ Opinion | What Americans Don’t Understand About China
▼ + stars: | 2023-05-17 | by ( Peter Coy | ) www.nytimes.com time to read: +1 min

It sometimes comes as a surprise to Europeans and Americans that Chinese people who have seen and enjoyed the best of the West nevertheless prefer China. Jin doesn’t ignore China’s faults and failings in “The New China Playbook: Beyond Socialism and Capitalism,” which was published on Tuesday. But she tells a nuanced story that deserves attention at a time of extreme tension between China and the United States. Consider this, for example: The United States is a democracy, and China isn’t, of course. Similarly, 93 percent of Chinese participants valued security over freedom; only 28 percent of Americans did so.

☆ American jailed for spying by China rubbed shoulders with senior Chinese officials, CNN reporting shows, CNN reporting shows
▼ + stars: | 2023-05-16 | by ( Nectar Gan | ) edition.cnn.com time to read: +9 min

“He’s a very famous person, known by many overseas Chinese in the southern US,” Tang said. Reports published by Chinese-language media in Texas and China’s state media show Leung’s long-running access to senior Chinese officials. In 2014, he met with the director of Jiangsu Provincial Overseas Chinese Affairs Office during a visit to Nanjing, the provincial capital. This photo shows John Leung with Wang Hua, the former director of Jiangsu Provincial Overseas Chinese Affairs Office. It also comes as American and Chinese officials are resuming high-level engagements since a dispute over a suspected Chinese spy balloon shattered efforts to mend ties earlier this year.

☆ Italy unlikely to renew China deal, but needs time, official says
▼ + stars: | 2023-05-04 | by ( Crispian Balmer | ) www.reuters.com time to read: +3 min

ROME, May 4 (Reuters) - Italy is highly unlikely to renew its Belt and Road Initiative (BRI) deal with China, which expires early next year, but needs time to discuss the issue with Beijing, a senior government official said. By contrast, Chinese exports to Italy rose to 57.5 billion from 31.7 billion over the same period, according to Italian data. The government official said Rome would use this lack of economic development as an argument for not renewing the deal. "There is no political will on my part to favour Chinese expansion into Italy or Europe," she said. (This story has been corrected to show that data refers to Chinese exports to Italy, not Chinese imports from Italy, in paragraph 6)($1 = 0.9037 euros)Reporting by Crispian Balmer; editing by John StonestreetOur Standards: The Thomson Reuters Trust Principles.

☆ Tim Cook is bullish on India being the new China for Apple. These 3 charts show there's a long way to go.
▼ + stars: | 2023-04-24 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +6 min

This first store comes 14 years after Apple first opened in China, and Cook has sometimes compared the two markets. And so I'm very, very bullish and very, very optimistic about India," Cook told investors on an earnings call in 2017. In the same year, Apple only took 6% of the market share in India compared to Android's 94%. Apple has increased iOS device sales over the years to claim 17% market share from rivals, per Counterpoint Research's data. For Cook, India could offer similar tantalizing growth.

☆ Germany's foreign minister: Parts of China trip 'more than shocking'
▼ + stars: | 2023-04-19 | by ( Alexander Ratz | ) www.reuters.com time to read: +2 min

[1/2] German Foreign Minister Annalena Baerbock speaks during a joint press conference with Chinese Foreign Minister Qin Gang (not pictured) at the Diaoyutai State Guesthouse in Beijing, China, April 14, 2023. Suo Takekuma/Pool via REUTERS/File PhotoBERLIN, April 19 (Reuters) - German Foreign Minister Annalena Baerbock on Wednesday described parts of her recent trip to China as "more than shocking" and said Beijing was increasingly becoming a systemic rival more than a trade partner and competitor. Beijing in turn asked Germany to support Taiwan's "reunification" and said China and Germany were not adversaries but partners. Speaking to the German Bundestag (lower house of parliament) on Wednesday about her China trip, Baerbock said "some of it was really more than shocking". China is Germany's largest trading partner, said Baerbock, but this did not mean Beijing was also Germany's most important trading partner.

☆ China says hopes Germany supports peaceful Taiwan 'reunification'
▼ + stars: | 2023-04-15 | by ( ) www.reuters.com time to read: +2 min

[1/4] German Foreign Minister Annalena Baerbock and Chinese Foreign Minister Qin Gang attend a joint press conference at the Diaoyutai State Guesthouse in Beijing, China, April 14, 2023. Suo Takekuma/Pool via REUTERSBEIJING, April 15 (Reuters) - China's top diplomat Wang Yi "hopes and believes" Germany will support China's "peaceful reunification" with Taiwan, the Chinese foreign ministry said in a statement on Saturday. Wang made the remarks at a meeting with German Foreign Minister Annalena Baerbock, who is visiting China until Saturday, adding that China once supported Germany's reunification. Taiwan's Foreign Ministry said in a statement on Saturday it strongly approved of Baerbock's comments. "The Foreign Ministry thanks many high-level officials in the executive departments of various countries, including Germany, for their solidarity with Taiwan," it said.

☆ Steve Bannon, who has ties to an indicted Chinese billionaire, says Elon Musk's 'paymasters' are Beijing and the Chinese Communist Party
▼ + stars: | 2023-04-10 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +4 min

Steve Bannon accused Elon Musk of having "paymasters" in Beijing. This isn't the first time Bannon has accused Musk of having links to the Chinese Communist Party. This isn't the first time Bannon has — without substantiation or evidence — accused Musk of serving the Chinese government. Elon Musk's ties with ChinaMusk has spared no effort to create business ties with China. Steve Bannon has been linked to China, tooMeanwhile, Bannon has long been associated with the indicted Chinese billionaire, Miles Guo Wengui.

☆ Tesla to Build New China Plant for Energy Storage Battery
▼ + stars: | 2023-04-09 | by ( Rebecca Feng | ) www.wsj.com time to read: 1 min

China is the second-largest market for Tesla after the U.S.Tesla Inc. is building a new factory in Shanghai to produce its Megapack battery, Chinese state media reported Sunday, further expanding into the country at a time of fraught U.S.-China ties. The new factory, where Tesla will manufacture its high-capacity battery for energy storage, is scheduled to break ground in the third quarter this year and kick off production in the second quarter of 2024, Xinhua News Agency reported. The amount of Tesla’s investment wasn’t immediately clear.

☆ Tesla to Build New China Plant for Energy-Storage Battery
▼ + stars: | 2023-04-09 | by ( Rebecca Feng | ) www.wsj.com time to read: 1 min

China is the second-largest market for Tesla after the U.S.Tesla Inc. is building a factory in Shanghai to produce its Megapack battery, the company and its chief executive, Elon Musk, said, further expanding into the country at a time of fraught U.S.-China ties. The new factory, where Tesla will manufacture its high-capacity battery for energy storage, is scheduled to break ground in the third quarter this year and start production in the second quarter of 2024, Chinese state media Xinhua News Agency reported Sunday. The amount of Tesla’s investment wasn’t immediately clear.

TAIPEI, April 6 (Reuters) - Taiwan officials and defence analysts are bracing for intensifying pressure on the "median line" that has for decades helped keep the peace in the Taiwan Strait as China begins inspecting civilian shipping across the waterway. "As long as they are ships hoisting our country's flag they are all a part of our territory," he said. Taiwan's military will not allow China to "unilaterally" board Taiwanese ships, he said. A senior Taiwan official familiar with security planning said Taiwan would not allow China to board ships in the Taiwan Strait and that Taiwan's coast guard and military would jointly respond if China made a move to do so. Chinese state television broadcast live pictures of the Haixun 6 on patrol, including shaky footage of a Taiwanese coast guard ship shadowing it in the distance.

[1/2] A logo of Airbus is seen at the entrance of its factory in Blagnac near Toulouse, France, July 2, 2020. REUTERS/Benoit TessierPARIS, April 3 (Reuters) - European planemaker Airbus (AIR.PA) is negotiating a new round of plane orders with China, coinciding with a visit by French President Emmanuel Macron to the economic superpower later this week, government and industry sources said. The potential deal for dozens of jets comes amid worsening relations between Washington and Beijing, which have seen China's usually balanced airplane imports tilt towards Airbus in recent years. Airbus also has an industry presence in China including an assembly plant. Macron is due to conduct the state visit to China on April 5-7, with a delegation of company chiefs from France-based companies, expected to include Airbus CEO Guillaume Faury.

☆ Can the U.S. See the Truth About China?
▼ + stars: | 2023-03-27 | by ( David Marchese | ) www.nytimes.com time to read: +14 min

Photo illustration by Bráulio Amado Talk Can the U.S. See the Truth About China? To see China solely as trying to displace the United States is only going to stoke more fears. The Chinese people believe that a substantially weakened Russia might not be in the interest of China, because if there were the sense that the United States needed to seek out an opponent, China would be next. And then also, the United States thinks that China wants to displace it. The industrial espionage stems from a lack of appreciation from the start of intellectual property, and the United States, by pushing China to do more intellectual-property protection, is actually good for China.

☆ Honduras forms diplomatic ties with China after Taiwan break
▼ + stars: | 2023-03-26 | by ( ) www.cnbc.com time to read: +5 min

The national flags of Honduras and Taiwan are seen at the Republic of China Square in Tegucigalpa on March 15, 2023. Honduras formed diplomatic ties with China on Sunday after breaking off relations with Taiwan, which is increasingly isolated and now recognized by only 13 sovereign states, including Vatican City. Relations between Taiwan and Honduras were once stable, he said, but China had not stopped luring Honduras. "The Castro government dismissed our nation's longstanding assistance and relations and carried out talks to form diplomatic ties with China. The U.S. doesn't have diplomatic relations with Taiwan but has maintained that Taipei is an important partner in the Indo-Pacific.

☆ China protests 'vile' Taiwan visit by German minister
▼ + stars: | 2023-03-21 | by ( ) www.reuters.com time to read: +3 min

China views democratically governed Taiwan as its own territory and has ramped up military, political and economic pressure to assert those claims. The politically sensitive visit is taking place as Berlin is reviewing its previously close ties with China. In January, a visit to Taiwan by a delegation of high-ranking lawmakers from the liberal Free Democrats (FDP), the smallest party in Chancellor Olaf Scholz's three-way coalition, also led to protests from Beijing. "It is a great pleasure and honour for me to be the first minister heading a specialist government department to visit Taiwan in 26 years," she added. Given the sensitivity of the trip, Stark-Watzinger is not scheduled to meet Taiwan President Tsai Ing-wen.

☆ German minister to visit Taiwan in test of China relations
▼ + stars: | 2023-03-17 | by ( Andreas Rinke | ) www.reuters.com time to read: +3 min

China views democratically-governed Taiwan as its own territory and has increased military, political and economic pressure to assert those claims. The politically sensitive visit will take place at a time when Berlin is reviewing its previously close ties with China. Bettina Stark-Watzinger, also of the FDP, will begin her visit early next week, a ministry spokesperson said. Speaking at a regular news conference in Berlin, the education ministry spokesperson said the agenda during Stark-Watzinger's visit will also include battery research and supply chains. Last year, China condemned a visit to Taiwan by then-U.S. House of Representatives Speaker Nancy Pelosi, the highest-level U.S. visit in 25 years, as a threat to peace and stability in the Taiwan Strait.

A DB spokesperson told Reuters that under current IT security legislation it did not have to run network components by Germany's cybersecurity office, the BSI, unlike public telecoms network operators. A BSI spokesperson said it was not aware of any law that determined the DB IT systems as "critical components". A Huawei spokesperson said the firm would never harm any nation or individual. The December contract with Deutsche Telekom Business Solutions, a subsidiary of Deutsche Telekom, is for Huawei tech like switches and routers. A government source said it had detected some operators had already built in Huawei critical components without waiting for a BSI green light and could be required to replace those.

☆ Bitcoin edges higher after dismal February for risk assets as investors assess rate outlook and new China data
▼ + stars: | 2023-03-01 | by ( Carla Mozée | ) www.businessinsider.com time to read: +3 min

Bitcoin and other risk assets rose after strong Chinese manufacturing activity data. The coin on Wednesday was gaining ground on notably strong manufacturing data out of China. China's National Bureau of Statistics said its manufacturing activity index rose to 52.46 in February, the highest reading since April 2012, according to Bloomberg. Chinese stocks bounced higher, with the Hang Seng Index soaring more than 4%. Copper was another risk-on asset gaining ground, up 1.2% at $4.14 per pound on prospects of higher Chinese demand for the metal used for construction projects.

☆ The week in Asian football
▼ + stars: | 2023-02-27 | by ( Michael Church | ) www.reuters.com time to read: +3 min

HONG KONG, Feb 27 (Reuters) - Talking points from the week in Asian football:RONALDO'S SAUDI SCORING STREAK CONTINUES WITH HAT-TRICKCristiano Ronaldo's scoring run continued on Saturday as the Portuguese attacker netted all three goals in Al Nassr's 3-0 victory over Damak. The 38-year-old capped the scoring a minute before halftime when he side-footed home after Ayman Yahya cut the ball back towards the penalty spot. The goal was Ronaldo's eighth in five league games since joining Al Nassr after the World Cup. The defeat was the second in a row for new Urawa coach Maciej Skorza and the Pole's team are bottom of the standings. JANKOVIC APPOINTED NEW CHINA COACHSerbian Aleksandar Jankovic has been named coach of the China national team for next year's Asian Cup and the qualifiers for the 2026 World Cup.

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