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Top related persons:
TechInsights - 2 Mi Feng - 1 Karn Chauhan - 1 Tommy Wu - 1 Ken Cheung - 1
Top related locs:
Hangzhou China United States Zhejiang province East China's Zhejiang province East China's Zhejiang Korean Asia
Top related orgs:
Apple - 3 Nurphoto - 2 Getty - 2 CNBC - 2 World Health Organization - 1 China's National Health Commission - 1 Samsung - 1 LSEG - 1

Search resuls for: "East China's Zhejiang"


9 mentions found


☆ China's respiratory illness rise due to known pathogens - official
  + stars: | 2023-12-02 | by ( ) www.cnbc.com   time to read: +1 min
A child gets an intravenous drip at a hospital in Hangzhou in east China's Zhejiang province. China's surge in respiratory illness is caused by known pathogens and there is no sign of new infectious diseases, a health official said on Saturday as the country faces its first full winter since lifting strict COVID-19 restrictions. The spike in illness in the country where COVID emerged in late 2019 attracted the spotlight when the World Health Organization sought information last week, citing a report on clusters of undiagnosed pneumonia in children. Chinese authorities will open more paediatric outpatient clinics, seek to ensure more elderly people and children receive flu vaccines and encourage people to wear masks and wash their hands, Mi Feng, an official with China's National Health Commission, told a press conference. Doctors in China and experts abroad have not expressed alarm about China's outbreaks, given that many other countries saw similar increases in respiratory diseases after easing pandemic measures, which China did at the end of last year.
Persons: Mi Feng Organizations: World Health Organization, China's National Health Commission Locations: Hangzhou, Zhejiang province, China
☆ Samsung expected to report 80% profit plunge as losses mount at chip business
  + stars: | 2023-10-10 | by ( Arjun Kharpal | ) www.cnbc.com   time to read: +2 min
Costfoto | Nurphoto | Getty ImagesSamsung Electronics earnings are expected to plunge nearly 80% in the third quarter, according to analyst forecasts, as the company's biggest profit-driving segment — semiconductors — continues to come under pressure. Analysts polled by LSEG expect operating profit of 2.3 trillion Korean won ($1.7 billion) for the September quarter, a 78.7% year-on-year decline. Revenue is expected to come in at 67.8 trillion won, a fall of 11.6%, according to LSEG consensus forecasts. Samsung's semiconductor business — typically the company's cash cow — is expected to post a more than 3 trillion won loss for the third quarter, according to analyst forecasts, as it continues to face headwinds. Daiwa analyst SK Kim sees operating profit for the third quarter at 1.65 trillion won, much lower than the average analyst estimate of 2.3 trillion won.
Organizations: Samsung, Nurphoto, Getty, LSEG, Revenue, Daiwa, Markets, SK Kim, Apple Locations: Hangzhou, East China's Zhejiang, Korean
☆ Qualcomm says it will supply Apple with 5G modems for iPhones through 2026
  + stars: | 2023-09-11 | by ( Kif Leswing | ) www.cnbc.com   time to read: +2 min
Qualcomm said Monday that it will supply Apple with 5G modems for smartphones through 2026. Wall Street analysts and Qualcomm officials had previously said they expected Apple to use an internally developed 5G modem starting in 2024. Qualcomm currently supplies Apple with 5G modems for its iPhones, but Apple has been working to build its own modems to move away from Qualcomm chips. A Qualcomm official said the company was not updating its guidance to take in account the Apple sales. Apple is expected to announce new iPhones, likely called iPhone 15, on Tuesday, which will use Qualcomm modems.
Persons: TechInsights Organizations: Apple, Qualcomm, Wall Street, UBS, Intel, CNBC Locations: Hangzhou, East China's Zhejiang province, China, United States
☆ Global smartphone market to hit decade low in 2023 but Apple could take top spot, research shows
  + stars: | 2023-08-17 | by ( Arjun Kharpal | ) www.cnbc.com   time to read: +2 min
On the same day, data released by TechInsights showed that Apple's iPhone sales in China surpassed the United States for the first time in the second quarter of 2023, becoming the largest single market for iPhone shipments. Costfoto | Nurphoto | Getty ImagesGlobal smartphone shipments this year are on track to be the worst in a decade, Counterpoint Research said in a report on Thursday, as the market is dragged down by the U.S. and China. However, Apple could become the biggest player in smartphones this year by shipments, as its high-end iPhone sales remain resilient, the report added. Measuring expected demand, shipments are not equivalent to sales and represent the number of devices that smartphones vendors send to retailers. Counterpoint Research said it expects smartphone shipments in 2023 to decline 6% year-on year to 1.15 billion devices.
Persons: TechInsights, Karn Chauhan Organizations: Apple, Nurphoto, Getty, Research, U.S, Counterpoint Research, CNBC Locations: Hangzhou, East China's Zhejiang province, China, United States, Asia, America
☆ China central bank cuts rates for second time in three months to support economy
  + stars: | 2023-08-15 | by ( ) www.cnbc.com   time to read: +3 min
A citizen walks past the Hangzhou Central branch of the People's Bank of China in Hangzhou, east China's Zhejiang province, June 13, 2023. China's central bank unexpectedly cut key policy rates for the second time in three months on Tuesday, in a fresh sign that the authorities are ramping up monetary easing efforts to boost a sputtering economic recovery. Analysts said the move opened the door to a potential cut in China's lending benchmark loan prime rate (LPR) next week. In a Reuters poll of 26 market watchers conducted this week, 20 participants, or 77%, predicted that the central bank would leave the MLF rate unchanged. The PBOC lowered key policy rates in June to prop up the broad economy, but data has been increasingly weak since.
Persons: Tommy Wu, Ken Cheung Organizations: People's Bank of China, Mizuho Bank Locations: Hangzhou Central, Hangzhou, Zhejiang province, China's, China, United States
☆ Global rice shortage is set to be the largest in 20 years – here's why
  + stars: | 2023-04-19 | by ( Lee Ying Shan | ) www.cnbc.com   time to read: +6 min
The global rice market is set to log its largest shortfall in two decades in 2023, according to Fitch Solutions. "At the global level, the most evident impact of the global rice deficit has been, and still is, decade-high rice prices," Fitch Solutions' commodities analyst Charles Hart said. That would mar the largest global rice deficit since 2003/2004, when the global rice markets generated a deficit of 18.6 million tonnes, said Hart. "The global rice production deficit situation will increase the cost of importing rice for major rice importers such as Indonesia, Philippines, Malaysia and African countries in 2023," said Tjakra. "It is our view that global rice production will stage a solid rebound in 2023/24, expecting total output to rise by 2.5% year on year," Fitch's report forecast, hinging on India being a "principal engine" of global rice output over the next five years.
☆ The property market is so bad in China that some banks are letting people be on mortgages till they are 80
  + stars: | 2023-02-15 | by ( Huileng Tan | ) www.businessinsider.com   time to read: +3 min
Some banks in China are now extending the upper age limit for mortgage borrowers to 80. Banks in cities like Beijing, Nanning, and Ningbo have raised the upper age cap. To attract more mortgage-seekers, some banks are starting to extend the upper age limit for homeowners servicing mortgages to 80 years old, according to various local media outlets. The upper age limit is typically 65 to 70 now, according to news outlet Sixth Tone. Banks have extended the upper age cap for mortgages in cities like Beijing and Nanning, the Beijing Youth Daily reported on February 14.
☆ As China abandons zero-Covid, what will the economy look like in 2023?
  + stars: | 2022-12-29 | by ( Laura He | ) edition.cnn.com   time to read: +6 min
And with the global economy now facing significant challenges, including energy shortages, slowing growth and high inflation, China’s reopening could provide a much-needed and timely boost. China’s historic property downturn and a potential global recession could also cause more headaches in the new year, they added. They expect China’s economy to contract by 0.8% in the first quarter of 2023, before rebounding in the second quarter. Trade had powered much of China’s economic growth earlier this year, as exports were boosted by rising prices of the country’s goods and a weaker currency. “But a looming global recession means they probably have further to fall over the next few quarters.”
☆ Take a look at China's fleet of destroyers, including the Type 055, which cost $920 million to build and is considered one of the country's most powerful warships
  + stars: | 2022-09-27 | by ( Marielle Descalsota | ) www.businessinsider.com   time to read: +2 min
China has the world's largest navy, with more than 355 vessels in its fleet, according to a 2021 report by the United States Naval Institute. Officers and soldiers of the Chinese naval fleet for escort mission line up on the deck at a port in Zhoushan, east China's Zhejiang Province, April 28, 2020. The report stated that "increasing capabilities of Chinese warships" like destroyers is crucial to the country's military plans. In addition to China's newest class, the Type 055, there are six other locally made active destroyer classes: Type 052A, Type 051B, Type 051C, Type 052B, Type 052C, and Type 052D(L), per a 2018 report by CRS. Keep reading for a look at all eight of China's destroyer classes.
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