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☆ China's J-20 stealth jet isn't 'a dominating aircraft,' but it doesn't need to be for what China's military has planned
▼ + stars: | 2023-10-29 | by ( Christopher Woody | ) www.businessinsider.com time to read: +10 min

China's air force continues to improve and expand its fleet of J-20 stealth fighter jets. The J-20 is China's first stealth jet and a growing part of an already sizable aviation force. China's air force and navy now make up the largest aviation force in the region and the third largest in the world. They have a total of 1,900 fighter jets, including J-20s that have been "operationally fielded" by China's air force, according to the US Defense Department. AdvertisementAdvertisementA Chinese jet, believed to be a J-20 prototype, in Chengdu in January 2011.

Persons: —, Wang Jingtian, We've, Brendan Mulvaney, Mulvaney, they've, Rick Joe, Zhang Hui, Kenneth Wilsbach, Wilsbach, Jia Tianyong, Rong Xu Organizations: Service, US Defense Department, US Air Force, Beijing, Getty, WS, Reuters, China Aerospace Studies Institute, Department of, US Pacific Air Forces, Air and Space Forces Association, Air Show, China News Service, Getty Images China, People's Liberation Army, PLA, People's Republic of China, US Air, Pentagon Locations: China, East China, Pacific, Taiwan, Changchun, Chengdu, People's Republic of, China's, Xiamen, Zhuhai, American

☆ 'Steve Jobs' biographer Walter Isaacson says Apple will be the company 'most hurt' if economic tensions between US and China escalate
▼ + stars: | 2023-10-24 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +3 min

As some US companies cut back on their dependence on China, Apple could be hardest hit, says Steve Jobs' biographer. Walter Isaacson told "Squawk Box" that "it'll be hardest" for Apple to decrease reliance on China. AdvertisementAdvertisementAs more US companies are trying to cut back on relying on China for business, Apple could be the one hardest hit if economic tensions continue to escalate. "Most companies are trying to decrease their dependence on China, but it'll be the hardest for Apple to do that." More than 95% of iPhones, Macs, AirPods, and iPads are made in China, according to the Financial Times.

Persons: Steve Jobs, Walter Isaacson, Tim Cook, —, Elon Musk, CNBC's, Apple, Isaacson, it'll, we've, Wang Wentao, Terry Gou Organizations: Apple, Service, Tesla, Bloomberg, Counterpoint Research, YouTube, Wall Street, Financial Times Locations: China, Beijing, Chengdu, Taiwan

☆ China's fighter jet fleet is growing in size and appears to have made a big jump in capability, new Pentagon report shows
▼ + stars: | 2023-10-23 | by ( Chris Panella | ) www.businessinsider.com time to read: +6 min

US Department of Defense released its annual China Military Power Report to Congress last week. The Chinese fighter jet fleet appears to have not only grown in size but, more importantly, also in overall capability. AdvertisementAdvertisementA new report from the Pentagon details China's expanding military power, including the growth of its fighter jet fleet, which appears to have also experienced a jump in capability. The Pentagon's report notes that China's fighter jet fleet has both expanded and apparently improved. CFOTO/Future Publishing via Getty ImagesExamples of China's fourth-generation fighter aircraft include the Chengdu J-10, Shenyang J-16, and Shenyang J-15.

Persons: —, Xi, Liu Dawei, they've, Matthew P, Funaiole Organizations: of Defense, China, Service, US Department of Defense, People's Liberation Army, PLA, PLA Air Force, PLA Navy, PLAN, PLAN Aviation, DoD, The Air Force, Air, Air Force Aviation University, CFOTO, Publishing, Getty, Shenyang J, 14th China International Aviation, Aerospace Exhibition, Pentagon, China Power Project, Center for Strategic, International Studies Locations: People's Republic of China, China, United States, Nanjing, Jiangsu province, Shanghai, Jiangsu, Zhejiang, Anhui, Jiangxi, Fujian, Chengdu, Shenyang, Chinese, Liaoning, Zhuhai, Guangdong Province, Xinhua, Russian

☆ China says it uncovered another spying case in US
▼ + stars: | 2023-10-22 | by ( ) www.reuters.com time to read: +3 min

The case is the latest to underscore Beijing's heightened commitment to national security, its expanded anti-spying laws and crackdown on domestic corruption. He also provided intelligence information in the field of national defense and the military industry on his own initiative, the report said. After investigations by the Chinese government, Hou was detained in July 2021 and charged on suspicion of espionage. In recent years, China has arrested and detained dozens of Chinese and foreign nationals on suspicion of espionage, raising the concerns of the U.S. over its counter-espionage push. Recently, China's spy agency published new details about a U.S. citizen jailed for life for espionage earlier this year.

Persons: Dado Ruvic, Hou, Hou's, Bernard Orr, Sonali Paul Organizations: REUTERS, Rights, Ministry of State Security, U.S, Thomson Locations: Rights BEIJING, United States, Chengdu, U.S, American, China

☆ China Says It Uncovered Another Spying Case in US
▼ + stars: | 2023-10-22 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +2 min

Persons: Hou, Hou's, Bernard Orr, Sonali Paul Organizations: Ministry of State Security, U.S Locations: BEIJING, United States, Chengdu, U.S, American, China

☆ Jon Stewart's show on Apple TV+ is reportedly coming to an end amid disagreements around China and AI
▼ + stars: | 2023-10-20 | by ( Aaron Mok | ) www.businessinsider.com time to read: +4 min

Jon Stewart's Apple TV+ show "The Problem" has ended over editorial disputes, NYT reported. Sources told the Times that Apple execs were concerned over show topics regarding China and AI. AdvertisementAdvertisementJon Stewart's show on Apple TV+ is reportedly hitting the chopping block over creative differences, The New York Times first reported. Apple told Stewart he needed to be "aligned" with the company on the topics he chooses to discuss, but Stewart wanted full creative autonomy over his series, sources told The Hollywood Reporter. In turn, Stewart and Apple reportedly both agreed to go their separate ways.

Persons: Jon Stewart's, Apple execs, —, Stewart, Jon Stewart, Apple, Rich Klubeck, didn't, Stewart —, Stephen Colbert's, Tim Cook, Cook, BuzzFeed, Wang Wentao Organizations: Times, Apple, Service, New York Times, Hollywood, Research, CNBC Locations: China, Wuhan, Beijing, Chengdu .

☆ Tim Cook's latest visit to China is a sign that the iPhone is at risk of becoming the 2nd-best option for many people
▼ + stars: | 2023-10-20 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +3 min

The Apple CEO made his second known trip to China this year as iPhone sales struggle. The visit is a sign that Apple desperately needs to keep China on its side. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementWhen Tim Cook visited China in March this year, he was there to heap praise on the country for its history of innovation. Several months on, the Apple CEO is back on the charm offensive.

Persons: Tim Cook, —, Cook, Wang Wentao, it's, Elon Musk, Luxshare Organizations: Apple, Service, Bloomberg, Research, Huawei, Apple's Locations: China, Beijing, Chengdu

☆ Apple CEO Tim Cook makes surprise visit to China as iPhone 15 gets off to a challenging start
▼ + stars: | 2023-10-17 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

Apple CEO Tim Cook holds up a new iPhone 15 Pro during an Apple event on Sept. 12, 2023, in Cupertino, California. Apple CEO Tim Cook cheered on gamers at an event during a surprise visit to China, underscoring the market's importance to the iPhone giant at a time when it faces mounting challenges. Gamers gathered at an Apple store in Chengdu in southwestern China to play "Honor of Kings," a game developed by TiMi Studio, which is owned by Chinese tech giant Tencent . "The action-packed Honor of Kings started here in Chengdu and is now a global phenomenon on the App Store," Cook said in a post on Chinese social media service Weibo. Honor of Kings is one of the biggest mobile games in China and a substantial revenue driver for Apple's App Store in the country.

Persons: Tim Cook, Kings, Cook Organizations: Apple, TiMi, Huawei Locations: Cupertino , California, China, Chengdu, Weibo

Inter Miami was eliminated from playoff contention earlier this month. He and Inter Miami co-owner David Beckham have enormous followings in Asia, along with several endorsement deals in the region. This is the first international tour for Inter Miami, which is about to end its fourth MLS season. The team won the Leagues Cup this season, doing so shortly after Messi began playing for Inter Miami in July. That suggests this trip could be another major financial win for Inter Miami.

Persons: — Lionel Messi, Messi, Ballon, Sergio Busquets, Jordi Alba, Chris Henderson, Messi —, —, David Beckham, “, Xavier Asensi, hasn't, ___ Organizations: Inter Miami, Major League Soccer, Chinese Super League, Qingdao Hainiu, Chengdu Rongcheng, MLS, Inter, ” Inter Miami, men's, Rose, Argentina, Australia, Olympic, Beijing Games, Leagues, Beijing, Charlotte, Wednesday, Argentina's, World Locations: FORT LAUDERDALE, Fla, China, Qingdao, Chengdu, Argentina, California, Beijing, Asia

☆ Siemens is case study in China de-risking dilemma
▼ + stars: | 2023-10-04 | by ( Pamela Barbaglia | ) www.reuters.com time to read: +9 min

That’s unsettling for the likes of Siemens, $62 billion carmaker Volkswagen (VOWG_p.DE) and $39 billion chemicals group BASF (BASFn.DE). Factor in the German group’s 32% stake in Siemens Energy (ENR1n.DE) and 75% holding in Siemens Healthineers (SHLG.DE), currently worth 46 billion euros, and it adds up to 156 billion euros. The unit and Siemens’ Airport Logistics unit, which press reports say could be another divestment candidate, may only be worth 4 billion euros combined. Moreover, Kaeser already tried to boost Siemens’ valuation by partially spinning off subsidiaries. As of September, Siemens had bought back 2.5 billion euros of shares since starting a 3 billion euro share repurchase programme in November 2021.

Persons: Roland Busch, France’s Legrand, Busch, Joe Kaeser, he’s, Kaeser, Germany’s Bundesbank, Siemens, Goldman Sachs, Judith Wiese, George Hay, Oliver Taslic Organizations: Reuters, Siemens, Germany’s, Barclays, Reuters Graphics Reuters, Volkswagen, BASF, Software, Dassault, Automation, ABB, Smart Infrastructure, Siemens Energy, Siemens ’ Mobility, France’s Alstom, CRRC Corporation, Siemens ’ Airport Logistics, Siemens Healthineers, Toshiba Corp, Energy, BNP, Bloomberg, Financial Times, Thomson Locations: China, Brussels, Beijing, Germany, EMEA, Swiss, Middle Kingdom, Republic, Shenzhen, Sichuan, Chengdu, Southeast Asia, Indonesia, Vietnam, Thailand

☆ Sinner powers past Alcaraz to book Beijing final with Medvedev
▼ + stars: | 2023-10-03 | by ( ) www.reuters.com time to read: +3 min

Earlier, second seed Medvedev had an easier than expected 6-4 6-3 semi-final win over familiar rival Alexander Zverev. This was the fifth meeting between the pair this year and although Russian world number three Medvedev won three of the previous four, Zverev had won their most recent clash in Cincinnati. The American's frequent doubles partner Jessica Pegula also had to dig deep for a 6-7(2) 6-2 6-1 win over Anna Blinkova. The 29-year-old faces 2017 French Open champion Jelena Ostapenko seeking a fourth win in their fifth meeting. World number two Iga Swiatek progressed with a 6-4 6-1 win over Varvara Gracheva and fifth seed Elena Rybakina beat Tatjana Maria 7-5 6-0 after Ons Jabeur lost 7-6(5) 6-1 to Marta Kostyuk.

Persons: Carlos Alcaraz, Daniil Medvedev, Medvedev, Alexander Zverev, Zverev, I'm, Aryna Sabalenka, Katie Boulter, Jasmine Paolini, Sabalenka, Wells, Indian Wells, Coco Gauff, Croatia's Petra Martic, Veronika Kudermetova, Gauff, Martic, Jessica Pegula, Anna Blinkova, Pegula, Jelena Ostapenko, Iga Swiatek, Varvara Gracheva, Elena Rybakina, Tatjana Maria, Marta Kostyuk, Trevor Stynes, Shrivathsa Sridhar, Pritha Sarkar Organizations: China, Tokyo, Thomson Locations: BEIJING, Russian, Cincinnati, Chengdu, Indian

☆ Medvedev books China Open semi-final with familiar foe Zverev
▼ + stars: | 2023-10-02 | by ( ) www.reuters.com time to read: +3 min

"I'm happy that I managed to raise my level in important moments, except a game in the second set," Medvedev said. "It's great that I managed to still find in this tough match these moments of consistency, which is enough to win. The 10th-ranked German has lost three times to Medvedev this year but flipped the script in their last meeting in Cincinnati. I'm really happy with that. The Tunisian, who is looking to qualify for the season-ending WTA Finals, plays Marta Kostyuk in the second round.

Persons: Russia's Daniil Medvedev, France's Ugo Humbert REUTERS, Florence Lo, Daniil Medvedev, Ugo Humbert 6, Alexander Zverev, Medvedev, Humbert, Zverev, Chile's Nicolas Jarry, it's, He's, Carlos Alcaraz, Casper Ruud, Grigor Dimitrov, Jannik, Spain's Sara Sorribes Tormo, Frenchwoman Varvara Gracheva, I've, Swiatek, I'm, Coco Gauff, Ekaterina Alexandrova, Ashlyn Krueger, She's, Marta Kostyuk, Shrivathsa Sridhar, Clare Fallon Organizations: China, National Tennis Center, Rights, Chile's, Beijing, Thomson Locations: Beijing, China, Rights BEIJING, Rotterdam, Doha, Dubai, Miami, Russian, Chengdu, Cincinnati, Ningbo, Osaka, Bengaluru

☆ How GlobalFoundries aims to remain world’s third-biggest semiconductor foundry
▼ + stars: | 2023-10-01 | by ( Katie Tarasov | ) www.cnbc.com time to read: +10 min

Based in upstate New York, GlobalFoundries isn't a household name because it's manufacturing semiconductors that are designed and sold by other companies. "Look at every electronic device in your house, and I would bet you money that every one of those devices has at least one GlobalFoundries chip in it," Thomas Caulfield, GlobalFoundries CEO, told CNBC. GlobalFoundries chips are inside everything from smartphones and cars to smart speakers and Bluetooth-enabled dishwashers. Although GlobalFoundries' chips are considered legacy nodes, the process and resources needed are still incredibly complex. GlobalFoundries' Fab 8 in Malta, New York, where Equipment Engineering Manager Chris Belfi led CNBC's Katie Tarasov on a tour on September 5, 2023.

Persons: GlobalFoundries, it's, Thomas Caulfield, They're, GlobalFoundries isn't, Caulfield, Abu, Moorhead, Jerry Sanders, Katie Tarasov, Carlos Waters, Daniel Newman, couldn't, TSMC, China's, STMicroelectronics, Hui Peng Koh, that's, Chris Belfi Organizations: HK GM LMT, GlobalFoundries, CNBC, Bluetooth, Nvidia, Taiwan Semiconductor Manufacturing Company, Devices, AMD, Chartered Semiconductor, Nasdaq, Futurum, U.S, Semiconductor Manufacturing International, Samsung, fabs, United Microelectronics, we've, Upstate Locations: New York, China, U.S, Singapore, Germany, France, Malta , New York, Dresden, Malta, Vermont, South Korea, Taiwan, TSMC, Crolles, Chengdu, Upstate New York, Europe, Koh, Arizona, Asia

☆ ATP roundup: Alexander Zverev, Karen Khachanov win titles
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +1 min

Zverev, 26, recorded 10 aces to dispatch Safiullin and win the match in two hours, 56 minutes. Safiullin, 26, collected 33 winners but was undone, in part, by 15 unforced errors and four double faults. 1 seed Karen Khachanov captured his fifth tour-level title and first since 2018 with a 7-6 (2), 6-1 win over eighth-seeded Yoshihito Nishioka of Japan in Zhuhai, China. Khachanov, 27, recorded 34 winners and nine aces to win the match in one hour, 43 minutes. Nishioka, 27, was bidding for his third tour-level title and first since Seoul last year.

Persons: Safiullin, Italy's Jannik, Hannah Mckay, Alexander Zverev, Zverev, Karen Khachanov, Nishioka Organizations: Lawn Tennis, Croquet Club, Thomson Locations: London, Britain, Germany, Russian, Chengdu, China, Safiullin, Japan, Zhuhai, Seoul

☆ ATP roundup: Alexander Zverev reaches Chengdu final
▼ + stars: | 2023-09-25 | by ( ) www.reuters.com time to read: +1 min

Mandatory Credit: Danielle Parhizkaran-USA TODAY Sports/File Photo Acquire Licensing RightsSeptember 25 - Top-seeded Alexander Zverev of Germany will meet unseeded Russian Roman Safiullin in the Chengdu Open final in Chengdu, China. Zverev saved all five break points and fired nine aces in a 6-3, 7-6 (2) semifinal win on Monday against No. Zverev is chasing his first hard-court title since the Nitto ATP Finals in November 2021. Standing in the way is Safiullin, who reached the final of the ATP 250 event with a 6-3, 6-4 upset against No. Nishioka advanced Monday with a 6-4, 6-4 win against Russia's Aslan Karatsev.

Persons: Alexander Zverev, Carlos Alcaraz, USTA Billie Jean King, Danielle Parhizkaran, Zverev, Grigor Dimitrov of Bulgaria, Lorenzo Musetti, Safiullin, Karen Khachanov, Sebastian Korda, Korda, Nishioka, Russia's Aslan Karatsev, Karatsev Organizations: USTA Billie, USTA Billie Jean King National Tennis Center, Zhuhai, Adelaide, Thomson Locations: Flushing , NY, USA, Germany, Spain, Russian, Chengdu, China, Italy, Russia, Japan, Zhuhai

☆ ATP roundup: Alexander Zverev advances at Chengdu Open
▼ + stars: | 2023-09-23 | by ( ) www.reuters.com time to read: +1 min

10 Alexander Zverev of Germany defeated unseeded Pavel Kotov of Russia 7-6 (5), 4-6, 6-1 on Saturday to advance to the quarterfinals of the Chengdu Open in Chengdu, China. 2 seed Lorenzo Musetti of Italy also advanced by defeating Australia's Philip Sekulic 7-6 (3), 6-7 (4), 6-0. Other winners included Grigor Dimitrov (6-3, 6-4 vs. Juan Pablo Varillas), Arthur Rinderknech (7-6 (2), 6-4 vs. Marcos Giron) and Miomir Kecmanovic (6-2, 6-4 vs. Corentin Moutet). Zhuhai ChampionshipsGreat Britain's Cameron Norrie topped Australia's Marc Polmans 6-0, 6-3 to reach the Zhuhai Championships quarterfinals. 17 in the ATP and seeded second in the tournament, Norrie coasted in 77 minutes by recording five aces and converting 75 percent (33 of 44) on service points.

Persons: Alexander Zverev, Pavel Kotov, Zverev, Lorenzo Musetti, Australia's Philip Sekulic, Grigor Dimitrov, Juan Pablo Varillas, Arthur Rinderknech, Marcos Giron, Miomir, Britain's Cameron Norrie, Marc Polmans, Norrie coasted, Sebastian Korda, France's Alexandre Muller, Tomas Martin Etcheverry, Dalibor, Russia's Aslan Karatsev, Andy Murray Organizations: Chengdu, Zhuhai, ATP, Thomson Locations: Russia, Chengdu, China, Italy, Zhuhai, Argentina, Czech

"Gucci is the opportunity to fall in love with fashion, ancora," De Sarno said in a post on Instagram in the run-up to the show, using the Italian word for "again." Debut collections can generate mixed reactions, and even positive press reviews are not always a proxy for their future commercial success. Kering shares closed 1.5% higher after the show. At their current price, Kering shares are trading at the equivalent of around 14 times expected earnings over the next 12 months, according to LSEG data. Reporting by Mimosa Spencer and Elisa Anzolin, editing by Silvia AloisiOur Standards: The Thomson Reuters Trust Principles.

Persons: Sabato De Sarno, Kering, De Sabato, Kenneth Richard, Federico Giglio, Giglio.com, Gucci, De Sarno, De, Antoine Belge, Francois, Henri Pinault, Julia Roberts, Ryan Gosling, Louis, Dior, Alessandro Michele, Marco Bizzarri, Jean, Hermes, Mimosa Spencer, Elisa Anzolin, Silvia Aloisi Organizations: luxe, Reuters, Exane BNP, fashion's, Louis Vuitton, Moncler, Thomson Locations: Milan, Italy, New York, Chengdu, Bangkok, London, Brera

☆ Apple is 2 years into its hybrid work pilot and still doesn't know the right balance
▼ + stars: | 2023-09-21 | by ( Cork Gaines | ) www.businessinsider.com time to read: +5 min

Apple's hybrid work pilot program is still going two years after it was first proposed. It started after employees pushed back against a plan to bring them back to the office three days per week. "So what we decided to do was run a pilot where people come into the office three days a week. Apple first announced the pilot program Cook spoke of in June 2021 as pandemic restrictions wound down and people came out into the sun squinting their eyes. In mid-2022, Cook told employees that the pilot program wasn't set in stone and expected aspects to be adjusted.

Persons: Tim Cook, Cook, Tayfun, —, Marc Benioff Organizations: Service, CBS, Apple, Anadolu Agency, Getty, Employees Locations: Wall, Silicon, Cupertino , California, United States, Chengdu, Southwest China's Sichuan province

☆ Air China passengers evacuated on runway at Singapore's Changi Airport after plane engine catches fire
▼ + stars: | 2023-09-11 | by ( Kathleen Magramo | ) edition.cnn.com time to read: +1 min

CNN —Passengers on an Air China flight were evacuated upon landing in Singapore after one of the aircraft’s engines caught fire, leading to a three-hour closure of Changi Airport on Sunday. Videos on social media showed passengers evacuating the aircraft using the emergency exit slide while dark smoke billowed from the engine that was still on fire. Other images taken inside the plane showed a dark cabin and the aisle blanketed in smoke. Smoke was also detected in the front cargo hold and a lavatory, Changi Airport said in a post on X, formerly known as Twitter. @wenyu_li73777/TwitterAir China said in a statement on Weibo that flight CA403 was traveling from China’s Chengdu Tianfu Airport to Singapore Changi Airport when smoke appeared in the cabin of the A320neo before landing.

Persons: CA403 Organizations: CNN, Passengers, Air, Changi Airport, Civil Aviation Authority of, Twitter, Chengdu Tianfu, Singapore Changi Airport, Boeing, China Eastern Airlines Locations: Air China, Singapore, Changi, Civil Aviation Authority of Singapore, China, Weibo, Chengdu, Chengdu Tianfu Airport, Kunming, Guangzhou

☆ Tiananmen musical: Broadway star quits US show during China tour
▼ + stars: | 2023-08-30 | by ( Nectar Gan | ) edition.cnn.com time to read: +5 min

CNN —A Broadway star has withdrawn from a musical about the Tiananmen Square protests weeks before its debut in the US – while he is on a concert tour in China. “I have withdrawn from the musical Tiananmen,” Piser said in a brief signed statement on Instagram. His manager Dave Brenner told CNN “there was a creative difference” that caused the actor to back out of the Tiananmen musical. Piser’s announcement came a day after his role in the Tiananmen musical was reported by Playbill, an American magazine for theater fans. The rehearsals for the Tiananmen musical start in Phoenix on September 5, according to Rose, the lead producer.

Persons: Zachary Noah Piser, “, ” Piser, Piser, –, Dave Brenner, Wu’er, ”, Jason Rose, ” Rose, Wu'er, Nicholas Kamm, Evan Hansen, Rose, Xi Jinping, Kaixi Organizations: CNN, Tiananmen, “, The Phoenix Theatre Company, Playbill, Getty, Broadway, Communist Party Locations: China, Phoenix , Arizona, Shanghai, Beijing, Hong Kong, Phoenix, American, Washington , DC, Nanjing, Chengdu, Shaanxi, Taiwan

☆ Is the bride 25 or younger? Couples get cash reward to promote earlier marriage in China
▼ + stars: | 2023-08-30 | by ( Cheng Cheng | ) www.cnbc.com time to read: +3 min

A newly-wed couple pose with their marriage certificates at the marriage registration center during '520 I Love You' Day on May 20, 2023 in Chengdu, Sichuan Province of China. Local Chinese officials trying to encourage earlier marriages are offering an incentive that all newlywed couples can appreciate: cash. The reward, which is restricted to couples marrying for the first time, is meant to promote "age-appropriate marriage and childbearing," the notice said. They include abolishing the "one-child policy" that reigned from the late 1970s until 2016, which was designed to limit the number of births to prevent China's population from growing too quickly. The China Population and Development Research Center, a government-backed institution, said the number of children per woman in China was the lowest among countries with populations over 100 million.

Persons: Couples Organizations: Development Research Center, Ministry of Civil Affairs, Young, Social, Twitter Locations: Chengdu, Sichuan Province, China, Local, Changshan county, Zhejiang, Weibo

FILE PHOTO-Security guards stand at the BYD booth at the Auto Shanghai show, in Shanghai, China April 19, 2023. The deal will expand BYD Electronic's (BE) (0285.HK) customer base, product portfolio and its smartphone components business as it looks to capture Jabil's potential growth in the sector. Although now best known for its electric vehicle business, BYD started out by selling electronic components. BE's major business has been selling electronic components for consumer electronics products such as smartphones and laptops. This was one of three key business segments for BYD Electronic, accounting for more than 70% of its total revenue in 2022.

Persons: Aly, BYD, Tu Le, Jabil, Kenny Wilson, Wilson, Qin Chuan, Sameer Manekar, Brenda Goh, Stephen Coates Organizations: Security, Auto, REUTERS, U.S, Jabil Inc, HK, Jabil, Hong Kong Stock Exchange, Sino Auto, Apple Inc, Citi, BE, Thomson Locations: Auto Shanghai, Shanghai, China, Singapore, Chengdu, Wuxi, Hong Kong, EVs, Nanjing, Bengaluru, Yelin Mo, Beijing

☆ BYD unit buys US firm Jabil’s China mobility business for $2.2 billion
▼ + stars: | 2023-08-28 | by ( ) edition.cnn.com time to read: +2 min

Reuters —Chinese automaker BYD said on Monday its electronics unit has struck a deal with US-based manufacturer Jabil Inc to buy its mobility business in China for 15.8 billion yuan ($2.2 billion). The deal will expand BYD Electronic’s customer base, product portfolio and its smartphone components business as it looks to capture Jabil’s potential growth in the sector. Although now best-known for its electric vehicle business, BYD started out by selling electronic components. BE’s major business has been selling electronic components for consumer electronics products such as smartphones and laptops. This was one of three key business segments for BYD Electronic, accounting for more than 70% of its total revenue in 2022.

Persons: BYD, ”, Tu Le, ” BYD, Kenny Wilson, Jabil, ” Wilson, Qin Chuan Organizations: Reuters, US, Jabil Inc, Jabil, Hong Kong Stock Exchange, Sino Locations: China, Singapore, Chengdu, Wuxi, Hong Kong, EVs, Nanjing

☆ EV maker BYD buys Jabil's China manufacturing business for $2.2 billion
▼ + stars: | 2023-08-27 | by ( ) www.reuters.com time to read: +1 min

FILE PHOTO-Security guards stand at the BYD booth at the Auto Shanghai show, in Shanghai, China April 19, 2023. REUTERS/Aly Song/file photo Acquire Licensing RightsAug 28 (Reuters) - Electric vehicle maker BYD Co Ltd (002594.SZ) said on Monday its unit struck a deal with U.S.-based manufacturing firm Jabil Inc's (JBL.N) Singaporean unit to buy its product manufacturing business in China for 15.8 billion yuan ($2.17 billion). The deal will expand BYD Electronic (International) Co's (BE) customer base, product portfolio, and expand its business of smartphone components, and boost its growth as it looks to capture the potential growth in the sector. Jabil Circuit (Singapore), which manufactures printed circuit boards, established a unit this month with product manufacturing business in Chengdu and Wuxi, which will now be sold to the Chinese EV maker. ($1 = 7.2890 Chinese yuan renminbi)Reporting by Sameer Manekar in Bengaluru; Editing by Muralikumar Anantharaman and Rashmi AichOur Standards: The Thomson Reuters Trust Principles.

Persons: Aly, Jabil, BYD, Sameer Manekar, Muralikumar Anantharaman Organizations: Security, Auto, REUTERS, BYD, U.S, Jabil Circuit, Thomson Locations: Auto Shanghai, Shanghai, China, Singapore, Chengdu, Wuxi, Bengaluru

☆ Siemens’ spreading rot obscures elusive value
▼ + stars: | 2023-08-10 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Mike BlakeLONDON, Aug 10 (Reuters Breakingviews) - Siemens’ (SIEGn.DE) problems are no longer affecting just its periphery. Shares in its spun-out unit Siemens Energy (ENR1n.DE) have lost more than 40% this year due to faulty wind turbines. Chief Executive Roland Busch pointed the finger at China, saying slowing demand in Siemens’ third biggest market was to blame. Siemens shares fell as much as 7% on the news. Siemens shares are now trading over 30% below JPMorgan’s valuation based on a sum of the parts calculation.

Persons: Mike Blake LONDON, Roland Busch, Busch, Pamela Barbaglia, Neil Unmack, Oliver Taslic Organizations: Siemens, Coaster, REUTERS, Reuters, Siemens Energy, West, Twitter, Thomson Locations: Oceanside , California, U.S, China, Chengdu, Shenzhen

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