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☆ China’s astronauts are aiming to land on the moon by 2030. They now have a new spacesuit to do it
▼ + stars: | 2024-09-30 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +5 min

Hong Kong CNN —China has taken a step forward in its ambitious plan to land astronauts on the moon by 2030 – unveiling the specially designed spacesuit its crew will don for what’s expected to be a landmark mission in the country’s space program. An image of China's new lunar spacesuit as it appeared in a video shared by state media. The agency revealed a protoype of its Artemis III spacesuit prototype, the AxEMU, in 2023. Thanks to its thin exosphere, the moon is an unforgiving place, exposed to both the sun’s rays and the cold of space. “Unlike low-Earth orbit missions, astronauts will be in a harsh natural lunar environment during lunar extravehicular activities.

Persons: Zhai Zhigang, Wang Yaping, Elon Musk, –, China’s, Artemis, Wu Zhiqiang, Wang Chunhui Organizations: Hong Kong CNN, China Manned Space Agency, SpaceX, Federal Aviation Administration, CNN, FAA, NASA, Xinhua, China National Space Administration, China Astronaut Research, Training Center Locations: Hong Kong, China, America, United States, China’s Dunhuang

Quarterly earnings reports for our industrial stocks begin this week amid an uncertain operating environment. HON YTD mountain Honeywell (HON) year-to-date performance Honeywell and Linde are the first two of the group to report — on Thursday before the bell. This was positive to see and it's reasonable to expect a clean quarter led by aerospace, Honeywell's largest business. Linde has beat and raised for 18 consecutive quarters, and history is likely to repeat itself when the industrial gas company reports. EMR YTD mountain Emerson Electric (EMR) year-to-date performance Emerson Electric is the last of our industrial names to report, on Nov. 7 before the opening bell.

Persons: we're, Stanley Black, Decker, —, CNBC's Jim Cramer, it's, Jim, You've, Vimal Kapur, Linde, Jack Umpleby, Emerson, Jim Cramer's, Jim Cramer, Wang Chun Organizations: Caterpillar, Honeywell International, Emerson Electric, Linde, LIN, DuPont De Nemours, Honeywell, LSEG, Aerospace, Electric, GE, Club, U.S, Management, CAT, Act, DuPont, Electronics, Emerson, National Instruments, SWK, CNBC, Future, Getty Locations: North America, China, Lianyungang, East China's Jiangsu

☆ It's time to lock in gains on this industrial name that has rocketed since June
▼ + stars: | 2023-08-07 | by ( Jim Cramer | ) www.cnbc.com time to read: +2 min

Following the trade, Jim Cramer's Charitable Trust will own 315 shares of CAT, decreasing its weighting in the portfolio to 3.03% from 3.26%. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer's, Jim Cramer, Jim, Wang Chun Organizations: Caterpillar, CAT, Management, CNBC, Future, Getty Locations: Lianyungang, East China's Jiangsu

☆ China FX regulator says will use policy measures to stabilize yuan expectations
▼ + stars: | 2023-07-21 | by ( ) www.cnbc.com time to read: +1 min

China's foreign exchange regulator said on Friday it will comprehensively use policy measures to stabilize market expectations, at a time when the yuan currency faces renewed downside pressure. China's currency has lost about 4% to the dollar this year, one of the worst performing Asian currencies, pressured by widening yield differentials with the United States and signs of a faltering economic recovery. "In future, the yuan exchange rate has the conditions to maintain basically stable at reasonable and balanced levels," said Wang Chunying, spokeswoman at the State Administration of Foreign Exchange. We will adhere to comprehensive policies, focus on stabilizing expectations, and take different measures based on actual conditions to provide the market with a stable environment and expectations." She said previous rounds of external shocks had equipped regulators with the experience, tools and measures to deal with such situations.

Persons: Wang Chunying Organizations: State Administration of Foreign Exchange Locations: United States

☆ China is drilling a hole over 33,000-feet-deep to explore the Earth's crust
▼ + stars: | 2023-06-03 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +2 min

China has begun drilling a hole over 10,000 meters (32,808 feet) deep into the Earth's crust. Chinese President Xi Jinping named deep Earth sciences one of four strategic frontiers to explore. The drilling project, led by the country's largest oil producer China National Petroleum Corp., would be among the deepest ever drilled. In a 2021 speech addressing the nation's top scientists, Chinese President Xi Jinping named deep Earth sciences one of four strategic frontiers to explore. The deepest hole is still the Kola Superdeep Borehole in Russia, which reached 12,262 meters (40,230 feet) in 1989 after 20 years of drilling.

Persons: Xi Jinping, Wang Chunsheng Organizations: Service, Privacy, Scientists, China National Petroleum Corp, Xinhua, Chinese Academy of Engineering, Bloomberg Locations: China, Xinjiang, Xinhua, Russia

As life in China returns to normal after the pandemic, hawkers are hitting the streets. They look to at least supplement their income amid an uneven economic recovery in which jobs and wage growth has been sluggish. For decades, street stalls and hawkers - common elsewhere in Asia - have been banned or tightly regulated in many Chinese cities, with authorities seeing them as unsightly. The tech hub of Shenzhen, which banned hawking in 1999, will ease restrictions on street stalls from September. Lanzhou in the northwest said this month it would designate areas for street stalls as it sought to encourage innovation and entrepreneurship.

☆ This Young Artist’s Works Capture the Agony and Ecstasy of Being Alive
▼ + stars: | 2023-05-15 | by ( Andrew Russeth | ) www.nytimes.com time to read: +1 min

Late one April night, the artist Liao Wen was in her studio in the southern Chinese city of Shenzhen, listing off the many instruments that she uses to make her astonishing art. “These are my chisels,” she said in a video interview, panning the camera about. “Chisels, chisels, chisels. They are alluring and frightening, psychologically fraught, and they have helped make her, at 29, “one of China’s most innovative young women artists,” as Wang Chunchen, the deputy director of the Central Academy of Fine Arts (C.A.F.A.) Art Museum in Beijing, and the curator-critic Jia Qianfan put it last year in Art in America magazine.

☆ Explainer: What's inside China's toolbox to rein in excess yuan weakness?
▼ + stars: | 2022-09-21 | by ( ) www.reuters.com time to read: +4 min

The local currency also looks set for the biggest annual loss since 1994, when China unified official and market exchange rates. The rapid yuan declines prompted the People's Bank of China (PBOC) to lower the amount of foreign exchange financial institutions must hold as reserves to rein in weakness. The PBOC has been setting firmer-than-expected daily yuan midpoint fixings since late August to prevent excess yuan weakness, as the onshore spot yuan can only trade in a 2% narrow range around the midpoint. The central bank adjusted the methodology a few times before suspending it in October 2020. "The yuan exchange rate level itself is not the most important, the nature of the issue is whether China's cross-border capital flows remain stable," said Zhong Zhengsheng, chief economist at Ping An Securities.

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