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☆ A China fund from Fidelity is beating the crowd. How it plans to keep doing it
▼ + stars: | 2023-09-03 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Fidelity's China Focus Fund is setting up for another year of outperformance, after ranking first last year among China equity funds tracked by Morningstar. With minimal losses of 0.66% for the year as of Aug. 31, the China Focus Fund has held up far better than the China equity category's decline of 9.45% during that time, according to Morningstar. The China Focus Fund is a "value contrarian strategy," said Catherine Yeung, a Hong Kong-based investment director focused on equities at Fidelity International. Consumer discretionary is the largest sector within the China Focus Fund's holdings, at about one-fourth of the names. Fidelity also has a dedicated China Consumer Fund, which is down by 8.75% year-to-date, only slightly better than its peers, according to Morningstar.

Persons: outperformance, Morningstar, Catherine Yeung, Yeung, hasn't, it's Organizations: Fund, Morningstar, China Focus, China, Fidelity International, CNBC, China Focus Fund, Galaxy Entertainment, Fidelity, China Consumer Fund Locations: China, Hong Kong, expansionary, Macau

☆ China's recovery lifts U.S. companies' sales as domestic consumers pull back spending
▼ + stars: | 2023-05-14 | by ( Amelia Lucas | ) www.cnbc.com time to read: +3 min

U.S. companies are reporting that demand in China is returning, boosting their sales at a time when many U.S. consumers are pulling back their spending. Starbucks reported that its same-store sales in China rose 3% in its latest quarter, reversing their declines. Some Wall Street analysts were still anticipating shrinking same-store sales for the company's second-largest market. That quarter, Starbucks' same-store sales in China sank 23%. Yum China , Yum Brands' master franchisee in China, also said its same-store sales grew 8% in the first quarter.

☆ How China’s slower post-Covid recovery is playing out for our Club stocks this earnings season
▼ + stars: | 2023-05-04 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

A slower-than-expected recovery in China is proving to be a challenge for some of our Club holdings that do lots of business there. The company blamed a slower post-Covid recovery in its Asia travel retail business for the dismal outlook. SBUX YTD mountain Starbucks' stock year to date performance. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

☆ Qualcomm's disappointing guidance on slow China recovery will force our hand on the stock
▼ + stars: | 2023-05-03 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Revenue in the quarter fell about 17% year-over-year to $9.27 billion, beating analysts' forecasts of $9.1 billion, according to Refinitiv. In the quarter, Qualcomm won 12 new designs across its Snapdragon Cockpit and Snapdragon Connectivity 5G platforms with automakers. 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. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Summary Dip in China consumer inflation points to weak demandU.S. inflation report due on WednesdayComing up: API data on US crude stocks at 4:30 p.m. Brent crude futures settled up $1.43, or 1.7%, to $85.61 a barrel. U.S. West Texas Intermediate futures rose $1.79, or 2.2%, to $81.53 a barrel. read moreA U.S. inflation report to be released on Wednesday is expected to help investors gauge the near-term trajectory for interest rates. OPEC output will fall by 500,000 bpd in 2023, then rise by 1 million bpd in 2024, after the group's output agreement expires, the Energy Information Administration forecast on Tuesday.

☆ China Consumer Price Growth Eases, Reflecting Caution on the Economy
▼ + stars: | 2023-04-11 | by ( Jason Douglas | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/china-consumer-price-growth-eases-reflecting-caution-on-the-economy-4a8db2df

☆ Oil steady on China demand concerns with US inflation in focus
▼ + stars: | 2023-04-11 | by ( Noah Browning | ) www.reuters.com time to read: +2 min

Summary China consumer inflation drop points to weak demandU.S. inflation report due WednesdayComing up: API data on US crude stocks at 4:30 p.m. Brent crude futures slipped 18 cents, or 0.2%, to $84 a barrel by 1102 GMT, while U.S. West Texas Intermediate futures eased 12 cents, or 0.1%, to $79.62 a barrel. A U.S. inflation report to be released on Wednesday could help investors gauge the near-term trajectory for interest rates. "The short-term crude demand outlook will soon be clearer. "Wall Street should have a strong handle on the trajectory of the economy after it gets a pivotal inflation report."

Summary China consumer inflation drop spurs stimulus casePOLL-US crude, product stockpiles seen down last weekComing up: API data on US crude stocks at 4:30 p.m. ETCHENNAI, April 11 (Reuters) - Oil prices rose on Tuesday on expectations of potential economic stimulus by China, healthy demand in the rest of Asia and a drop in U.S. crude stockpiles. Brent crude futures rose 64 cents, or 0.8%, to $84.82 a barrel at 0557 GMT, while U.S. West Texas Intermediate futures gained 67 cents, or 0.8%, to $80.41 a barrel. Crude futures also climbed as the dollar eased on expectations that the U.S. Federal Reserve is getting closer to ending its rate hike cycle. Signs of strong fuel demand in India, the world's third-biggest oil consumer, in March also supported prices.

☆ The 4 stocks to buy if U.S.-China geopolitical fears continue to rise: UBS
▼ + stars: | 2023-03-15 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

UBS has named a number of Chinese stocks it says have remained "resilient" during periods of heightened geopolitical tensions between the United States and China. Chinese stocks were volatile after tensions rose between the U.S. and China over alleged spy balloons shot down over North America in February. To combat such swings in investors' portfolios, UBS identified stocks it said have historically been resilient during periods of heightened geopolitical tension. The Swiss bank said the stocks that tend to outperform during periods of geopolitical tension are typically domestic-focused, have lower foreign investor ownership, and are stable and defensive. In contrast, UBS said the 20 stocks that historically perform the worst during times of geopolitical tension tend to be listed in the U.S. and are typically in the internet and biotech sectors.

☆ China consumer inflation slowest in a year; producer deflation deepens
▼ + stars: | 2023-03-09 | by ( ) www.reuters.com time to read: +2 min

Summary Feb consumer inflation slowedFeb producer deflation deepenedBEIJING, March 9 (Reuters) - China's annual consumer inflation slowed down in February as consumers remained cautious despite the abandonment of strong pandemic controls late last year, official data showed on Thursday. The CPI, which is seasonally adjusted, fell 0.5% from a month earlier, missing the forecast of 0.2% gain. Annual producer deflation deepened last month. Economists say China will nonetheless see upward pressure on consumer prices in coming months, mostly thanks to the end of efforts to suppress COVID-19. Core annual inflation, which excludes volatile food and energy prices, was 0.6% in February, compared with January's 1.0%, reflecting persistently weak domestic demand.

☆ Wall Street's take on EV is sacrifice margins for volumes, says Wedbush Securities' Dan Ives
▼ + stars: | 2023-01-20 | 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 EmailWall Street's take on EV is sacrifice margins for volumes, says Wedbush Securities' Dan IvesDan Ives, Wedbush Securities Senior Equity research analyst, joins 'Closing Bell Overtime' to discuss Elon Musk's upcoming testimony over trading Tesla shares, the Wedbush China consumer study on EV, and developing innovation while cutting costs.

☆ China consumer inflation accelerates in Dec; PPI falls with soft demand
▼ + stars: | 2023-01-12 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Lam YikBEIJING, Jan 12 (Reuters) - China's annual consumer inflation rate accelerated in December, driven by rising food prices even as domestic demand wavered amid restrained economic activity during the month. The consumer price index (CPI) was 1.8% higher than a year earlier, rising faster than the 1.6% annual gain seen in November, data from the National Bureau of Statistics (NBS) showed on Thursday. The producer price index (PPI) showed an annual drop for a third straight month. In December it was down 0.7% from a year earlier, falling less than an annual contraction of 1.3% seen in November. read moreReporting by Liangping Gao, Joe Cash and Liz Lee; Editing by Bradley PerrettOur Standards: The Thomson Reuters Trust Principles.

☆ Citi to wind down consumer banking in China, affecting about 1,200 staff
▼ + stars: | 2022-12-15 | by ( Xie Yu | ) www.reuters.com time to read: +2 min

SINGAPORE, Dec 15 (Reuters) - Citigroup Inc (C.N) will wind down its consumer banking business in China in a move that will affect about 1,200 local employees, the bank said on Thursday. The exit will also affect deposits, insurance, mortgages, investments, loans and cards at the consumer banking business. As part of the wind down process, Citi will continue to pursue sales of portfolios within its Chinese consumer banking business, the statement said. It plans to hire around 3,000 staff for its Asia institutional business in the next few years, Asia-Pacific CEO Peter Babej told Reuters in June. Citi said last year that $7 billion in capital released from divestments of consumer banking businesses would be either returned to shareholders or invested in institutional banking and wealth management units.

☆ China Consumer Spending Slumps Under Covid and Property Restrictions
▼ + stars: | 2022-11-20 | by ( Stella Yifan Xie | ) www.wsj.com time to read: 1 min

HONG KONG—Chinese consumer spending is buckling under the country’s dual campaigns against rising property prices and Covid-19 outbreaks, flashing a warning for global companies that have pinned their hopes on a more free-spending Chinese customer. Retail sales unexpectedly dropped last month and are expected to continue to struggle as Chinese authorities launch wide-ranging lockdowns to contain the latest fastest-spreading Covid outbreaks, and as easing measures do little to reverse a worsening property market meltdown.

☆ Unilever raises guidance but is downbeat on Europe, China consumer sentiment
▼ + stars: | 2022-10-27 | by ( ) www.cnbc.com time to read: +3 min

Unilever on Thursday gave a dire assessment of consumer sentiment in Europe and China, two of its key markets, but raised its full year sales forecast as it lifted prices to counter soaring costs. Shoppers around the world paid 12.5% more for Unilever products in the quarter - a record price hike for the company - with sales volumes declining 1.6%. "Consumer sentiment in Europe is at an all time low," Chief Financial Officer Graeme Pitkethly told reporters, warning of fears of a "confluence of events" in Europe with energy prices and inflation rising and consumers' savings waning. "Both the premium segments of the market and the value segments of the market are actually growing quite quickly, at an equivalent rate," Pitkethly told journalists. In China, Unilever's third biggest market that has been doubling down on Covid-19 lockdowns, sales grew by 1%.

☆ China smartphone shipments slid 11% in Q3, research firm says
▼ + stars: | 2022-10-27 | by ( ) www.reuters.com time to read: +2 min

SHANGHAI, Oct 27 (Reuters) - Smartphone shipments in China fell 11% year-on-year in the third quarter as the country's slowing economy took a toll on consumer demand, research firm Canalys reported on Thursday. Brands shipped a total of 70 million smartphones to sellers in the period, down from 78.9 million in same period last year. Apple currently ranks as the fourth top-selling brand in China, with a market share of 13%. The company "is not currently isolated from weak mainland China consumer demand," wrote Canalys analyst Amber Liu, adding that the company has been launching aggressive promotions on previous-generation devices in order to fend off competition from rivals. Xiaomi Corp (1810.HK), which ranked as the fifth top-selling brand, saw shipments fall 17%.

☆ Starbucks is a buy after shares fall on worries over China's reopening policy
▼ + stars: | 2022-10-24 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Starbucks says it plans on opening a new store every nine hours over the next three years. About 10 years ago, the average China consumer drank less than 3 cups of coffee a year, according to Starbucks. Another key reason behind Starbucks' aggressive China expansion plans is the expected return on investment in its stores. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. A Starbucks store is seen inside the Tom Bradley terminal at LAX airport in Los Angeles, California.

☆ Morning Bid: Xi bangs the drums
▼ + stars: | 2022-10-13 | by ( ) www.reuters.com time to read: +3 min

Asian markets will open with a spring in their step on Friday after the huge 'risk-on' rally Thursday. They will be on FX intervention alert too, after the dollar's spike to a 32-year high of 147.67 yen. The bullish whoosh across markets on Thursday pulled the dollar back a bit, but it remains above 147.00. A G7 statement late on Thursday reaffirming policymakers' commitment that excessive FX moves are undesirable seems to have barely registered among FX traders. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

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