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☆ 'Relentless pursuit of eyeballs': Analysts name China internet stocks to buy, give 2 over 50% upside
▼ + stars: | 2023-09-21 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +3 min

Several stocks are set to benefit from the "relentless pursuit of eyeballs" in the Chinese internet sector, according to analysts at asset management firm AllianceBernstein. Mini programs are apps within WeChat and have functions in areas such as e-commerce, task management, coupons, and so on. Tech giant Alibaba was given a price target of $100, representing a 14.9% upside from its Sept. 18 close. Kuaishou and Bilibili were given target prices of HK$70 and $16, representing 10.9% and 17.0% upside, respectively. Outlook The analysts said the expansion of channels for spending could lead to accelerating growth in e-commerce penetration, though the extent of upside is "debatable."

Persons: Robin Zhu, Ronald Ma, Xuan Ji, Xiaohongshu, AllianceBernstein, PDD, JD, — CNBC's Michael Bloom Organizations: Douyin, JD, Hong Kong, HK, Tech Locations: China, Pinduoduo

“If you want to win in 2024, if you do not want the blood of my generation to be on your hands, end fossil fuels.”The March to End Fossil Fuels featured such politicians as Rep. Alexandria Ocasio-Cortez and actors Susan Sarandon, Ethan Hawke, Edward Norton, Kyra Sedgewick and Kevin Bacon. “It is frustrating.”Protest organizers emphasized how let down they felt that Biden, who many of them supported in 2020, has overseen increased drilling for oil and fossil fuels. "You need to phase out fossil fuels to survive our planet,” said Jean Su, a march organizer and energy justice director for the Center for Biological Diversity. And the march, unlike others, was more clearly focused on fossil fuels. “The elephant is that fossil fuels are responsible for the crisis.

Persons: it's, Joe Biden, ”, Emma Buretta, Alexandria Ocasio, Cortez, Susan Sarandon, Ethan Hawke, Edward Norton, Kyra Sedgewick, Kevin Bacon, Antonio Guterres, Athena Wilson, Maleah, ” Athena, “, Alexandria Gordon, Biden, Sharon Lavigne, Jean Su, Eve Ensler, Anna Fels, That's, Vanessa Nakate, Megan Bloomgren, Seth Borenstein Organizations: Sunday, U.S, Broadway, United Nations, U.N, Boca, “, Center for Biological Diversity, New Yorker, American Petroleum Institute, Twitter, AP Locations: Brooklyn, Alexandria, Sunday's, Boca Raton , Florida, Florida, Houston, Louisiana, U.S, United States, China, New, Vietnam

☆ Tens of thousands march to demand end to fossil fuels ahead of UN climate summit
▼ + stars: | 2023-09-17 | by ( ) www.cnbc.com time to read: +5 min

"If you want to win in 2024, if you do not want the blood of my generation to be on your hands, end fossil fuels." The March to End Fossil Fuels featured such politicians as Rep. Alexandria Ocasio-Cortez and actors Susan Sarandon, Ethan Hawke, Edward Norton, Kyra Sedgewick and Kevin Bacon. "If you don't stop fossil fuels our blood is on your hands." And the march, unlike others, was more clearly focused on fossil fuels. Signs included "Fossil fuels are killing us" and "I want a fossil free future" and "keep it in the ground."

Persons: Spencer Platt, it's, Joe Biden, Emma Buretta, Alexandria Ocasio, Cortez, Susan Sarandon, Ethan Hawke, Edward Norton, Kyra Sedgewick, Kevin Bacon, Antonio Guterres, Athena Wilson, Maleah, Athena, Alexandria Gordon, Biden, Sharon Lavigne, Jean Su, Eve Ensler, Anna Fels, Vanessa Nakate, Megan Bloomgren Organizations: United Nations, Ambition, UN, Assembly, Getty, Sunday, U.S, Broadway, U.N, Boca, Center for Biological Diversity, New Yorker, American Petroleum Institute Locations: New York, New York City, Brooklyn, Alexandria, Sunday's, Boca Raton , Florida, Florida, Houston, Louisiana, U.S, United States, China, New, Vietnam

☆ Nikki Haley says she views China ‘as an enemy’ in pointed rebuke
▼ + stars: | 2023-09-10 | by ( Ebony Davis | ) edition.cnn.com time to read: +2 min

Washington CNN —Nikki Haley, the former South Carolina governor and 2024 Republican presidential contender, said Sunday that she views China “as an enemy” in a potential preview of the hardline approach she would take if elected president. “China’s been practically preparing for war with us for years,” Haley told CNN’s Jake Tapper on “State of the Union” Sunday. “How much more has to happen for Biden to realize you don’t send Cabinet members over to China to appease them; you start getting serious with China and say: ‘We’re not going to put up with it,’” Haley said Sunday. “They keep sending different Cabinet officials over, Jake, and it’s embarrassing,” she added. “And then we’re going to build up our military, because China now has the strongest naval fleet in the world,” Haley said.

Persons: Nikki Haley, China “, “ China’s, ” Haley, CNN’s Jake Tapper, “, Joe Biden, Biden, We’re, ’ ” Haley, Haley Organizations: Washington CNN, South, Union, United Nations Locations: South Carolina, China, “ State, America, Vietnam, Beijing

☆ EV, energy storage battery prices set to fall more - report
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: +2 min

A slide in prices of EV batteries could help the industry cushion profits from a price war started by Tesla (TSLA.O) in January to stoke demand. Prices for battery materials hit record highs during the pandemic as lower borrowing costs buoyed EV demand, but they have been falling since. The average price drop for cells used in EV batteries reached 10%, "highlighting an uninspiring growth pattern in the EV battery market", the research firm said. LFP batteries, widely used for energy storage and inexpensive EVs, were developed in the United States, but China now dominates global production. Prices for batteries used in energy storage have also slid due to weak demand outside of China, forcing battery makers to pare back production to buoy prices.

Persons: TrendForce, EVs, pare, Akash Sriram, Devika Organizations: EV, Tesla, stoke, Consumer, Battery, Thomson Locations: United States, China, EVs, Bengaluru

Afterward the summit, Biden and Vietnamese General Secretary Nguyen Phu Trong will meet in Hanoi and are expected to announce plans to tighten economic cooperation. The Chinese economy is weighed down by a property bubble, local government debt, high youth unemployment and a broader inability to rebound as expected from pandemic lockdowns. But so far this year, the U.S. economy has outperformed expectations as the Chinese economy has underperformed. Still, China’s economic challenges could create more geopolitical risk as economics can often inform national security strategies. At an August fundraiser in Utah, Biden called China's economy a “ticking time bomb.”“When bad folks have problems, they do bad things,” the president said.

Persons: Joe Biden, Biden, Xi Jinping, Li Qiang, Nguyen Phu Trong, ”, Colleen Cottle, Gina Raimondo, Raimondo, ” Raimondo, ” Biden, Xi, Kamala Harris, Jake Sullivan, ” Sullivan, Yun Sun, Narendra Modi, Modi, Tracy Brown Organizations: WASHINGTON, Group, World Bank, International Monetary Fund, Biden, South China, White, Associated Press, U.S, Association of Southeast Asian Nations, White House, IMF, Stimson, Indian Locations: India, Vietnam, United States, China, White, New Delhi, Hanoi, Malaysia, Philippines, Taiwan, Brunei, South, Washington, U.S, Beijing, Jakarta, Indonesia, The U.S, Pakistan, Kenya, Zambia, Laos, Mongolia, Utah, Ukraine

☆ Opinion | The American Renaissance Is Already at Hand
▼ + stars: | 2023-09-07 | by ( David Brooks | ) www.nytimes.com time to read: +2 min

A forecast from Bloomberg Economics now projects that the size of the Chinese economy will not successfully surpass the size of the American economy — despite its vastly greater population. But the core problems are endemic to the regime: Centralized authoritarian control is incompatible with a wide-open, innovative, free-flowing modern economy. Open information flow is crucial to any nation; when the state suppresses information unflattering to the regime, then everything is bound to sink into mediocrity. Since late 2021, investment in the construction of manufacturing facilities has more than doubled. Chips, electric vehicles, renewable energy sources and batteries are being manufactured in places like Michigan, Kentucky, Minnesota and Arizona.

Organizations: Bloomberg Economics, . Locations: China, America, Midwest, Michigan , Kentucky, Minnesota, Arizona

☆ Here are 7 ways investors can be greedy while others are fearful as China's potential property crisis unfolds, according to UBS
▼ + stars: | 2023-09-07 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Here are the seven smartest ways to invest in Chinese markets, according to UBS. Stimulus should keep Chinese stocks from sinkingHowever, UBS believes that plenty of pain has already been priced into Chinese stocks. Naturally, China's property market turmoil has inspired comparisons to the US housing market bubble that led to the global financial crisis, but Yu is confident that such fears are overblown. "The government has the toolkit to minimize the risk of having something that is systematically disastrous in the financial markets," Yu said. If China's growth exceeds expectations, companies in the consumer discretionary and materials sectors will be among the biggest beneficiaries, according to UBS.

Persons: David Kelly, Xingchen Yu, Solita Marcelli, Yu, there's Organizations: US, UBS, Asset Management Locations: China, Shanghai, People's Republic, Swiss, Beijing, Taiwan

Even as the import ban kicked in, tables were filled at Japanese restaurant Fumi in Hong Kong on August 24, 2023. Kathleen Magramo/CNNHours before China’s announcement, the Asian financial center of Hong Kong – a semi-autonomous Chinese city – imposed its own ban on aquatic product imports from 10 Japanese regions including Tokyo and Fukushima. Japanese Prime Minister Fumio Kishida has reportedly “strongly” requested via diplomatic channels that China “immediately overturn” the ban. Still, Fei too thought that the bans from China and Hong Kong would have limited impact on Japanese trade. Consequently, even considering the reputational damage for Japanese seafood products, Japan’s overall exports will not be materially undermined,” Fei said.

Persons: “ It’s, ”, Thomason Ng, Fumi’s, “, Kathleen Magramo, Japan’s, Masanobu Sakamoto, Fumio Kishida, ” Sakamoto, –, Nigel Marks, there’s, CNN “ It’s, ” Marks, David Krofcheck, ” Krofcheck, Stefan Angrick, Angrick, That’s, China “, Fei Xue, Fei, ” Fei, restaurateurs, Hong Kong’s, Cara Man, we’ll Organizations: CNN, Hong Kong’s, East China, Fisherman’s Cooperative Association, ” “ Fishermen, Japanese, Tokyo Electric Power Company, TEPCO, Curtin University, University of Auckland, World Health Organization, Moody’s, Economist Intelligence Unit, “ Seafood Locations: Hong, Hong Kong’s Central, Fumi, Asia, Japan, China, Fukushima, Hong Kong, Tokyo, Weibo, East, Beijing, Australia, Ocean, South Korea, Taiwan, New Zealand, Japanese, Central, Japan’s Hokkaido, Kyushu, Kagoshima, Norway, Canada

☆ China's economic model isn't working, but that doesn't mean the country's headed for a 'Lehman moment'
▼ + stars: | 2023-08-26 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

And, similar to the crisis that ultimately toppled Lehman Brothers in 2008, much of China's troubles are rooted in its property sector. China's property crisisFront and center for any comparison between today's China and the US in 2008 is the real estate market. "The boom that characterized the property sector of the last decade is over," he said. AdvertisementAdvertisementStill, given the scale of China's property market, policymakers may need to step in with fiscal stimulus to avoid catastrophe. "Rather, it'll be a slow-moving, structural economic crisis that could last for years.

Persons: hasn't, Lehman, Xi Jinping, Alfredo Montufar, William Hurst, Hurst, it's, Helu, Evergrande, Nicholas Spiro, Spiro Organizations: Service, Lehman Brothers, People's Bank of, China Center, Conference Board, Citi, Zhongrong, University of Cambridge, Country Garden Holdings, Lauressa Locations: China, Wall, Silicon, People's Bank of China, Japan, Beijing

☆ China's economy faces a lopsided supply and demand problem that's been years in the making
▼ + stars: | 2023-08-25 | by ( Phil Rosen | ) www.businessinsider.com time to read: +4 min

That model is starting to show its weaknesses, however, as it's created a lopsided economy with too much supply and soft demand. "Stimulus functions on the supply side, and on the demand side you need structural reforms. Everything appears to be boiling over all at once, but China's problems have been years in the making. Confidence crisisThese issues have manifested most clearly in the real estate market, which now faces a glut of inventory thanks to years of overbuilding. "There could be a real rapid decline in real estate prices that would hurt a lot of people's livelihoods."

Persons: it's, William Hurst, hasn't, Hurst, that's, Alfredo Montufar Organizations: Service, University of Cambridge, New York Times, Conference Board, Garden Holdings, Conference Board's China Center Locations: China, Wall, Silicon, Beijing, Cambridge

☆ This chart shows how exposed each of our 35 stocks is to China's struggling economy
▼ + stars: | 2023-08-15 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

The chart below is meant to provide a high level view of the revenue exposure each of the 35 companies in our portfolio has to the world's second-largest economy. First, a couple caveats: Our energy exploration and production stocks Coterra Energy (CTRA) and Pioneer Natural Resources (PXD) screen as having zero revenue exposure outside of the United States. Nvidia (NVDA) is another stock where the direct revenue exposure can be misleading. That makes the 60% revenue exposure to the Asia-Pacific region more concerning, even as mainland China realized organic sales growth during the quarter. As a result, total sales, services sales and wearables, home and accessories sales all set June quarter records in Greater China.

Persons: Estee Lauder, WYNN, Estee Lauder We're, wouldn't, Jim Cramer's, Jim Cramer, Jim Organizations: Coterra Energy, Natural Resources, Nvidia, Devices, AMD, Apple, Wynn Resorts, Wynn, Macau, Starbucks, Management, Jim Cramer's Charitable, CNBC, Vcg, Visual China, Getty Locations: China, Asia, Pacific, Taiwan, Macau, United States, U.S, Japan, Greater China, India, Jiangxi Province

☆ China's economy is stumbling, but it still isn't as dire as Japan's 1990s collapse
▼ + stars: | 2023-08-14 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

China's sputtering growth and property market hurdles have led to comparisons with Japan's troubles in the 1990s. But key differences remain and China's economy isn't yet at the level of Japan's crisis 30 years ago. China's National Bureau of Statistics reported that the consumer price index dropped 0.3% annually in July, tipping the economy into deflation and fueling reminiscences of Japan in the early 1990s. Only this year have Japan's stock markets returned within range of the highs seen in 1990. Real estate prices in Japan fell about two-thirds, and the stock market still has never got back to where it was in 1989.

Persons: David Dollar Organizations: JPMorgan, Service, China's National Bureau of Statistics, Financial Times, Nikkei, Brookings Institute, Brookings Locations: China, Wall, Silicon, Beijing, Japan, 1Q23, Tokyo, United States, Real

☆ China's sprawling spy agencies are designed to root out the 'five poisons' at home and abroad, British intelligence says
▼ + stars: | 2023-08-03 | by ( Stavros Atlamazoglou | ) www.businessinsider.com time to read: +8 min

Yin Gang/Xinhua via Getty) (Xinhua/Xinhua via Getty ImagesIn a recent report to parliament, the British intelligence services detailed the operations and goals of the Chinese intelligence services. The Chinese intelligence services are also collecting information on the Chinese democracy movement at home and abroad — including in the US — in an attempt to subvert it. According to the British intelligence report, Xi has sought to make Chinese intelligence activity more professional through reform and investment. "In more ways than one, the broad remit of the Chinese Intelligence Services poses a significant challenge to Western attempts to counter their activity," the report said, citing assessments by British intelligence officers. "To compound the problem, it is not just the Chinese Intelligence Services: the Chinese Communist Party co-opts every state institution, company and citizen.

Persons: Yin, Ma Ying, Xi Jinping, Chuang, Gong, Dalai Lama, Murad Sezer, Xi, Xie Huanchi, hoover, Stavros Atlamazoglou Organizations: Chinese Communist Party, intel, Beijing, Service, Ministry of Public Security, Yin Gang, Getty, Xinhua, of State Security, of Public Security, Force, NSA, REUTERS, CCP, of, People, US National Counterintelligence and Security Center, Chinese Intelligence Services, Hellenic Army, 575th Marine Battalion, Army, Johns Hopkins University, Johns Hopkins, School, International Locations: China, Wall, Silicon, Beijing, Xinhua, Taipei, Singapore, Xinjiang, Taiwan, Tibet, Bhutan, Nepal, India, Istanbul, Johns

☆ Ukraine's offensive is bearing down on Russian forces, but Chinese artillery could still bail Moscow out
▼ + stars: | 2023-08-02 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

The Russian military relies on artillery to compensate for other battlefield shortcomings. But its heavy use of artillery in Ukraine could outstrip its ability to make new shells and cannons. The commander of Russia's 58th Army in Ukraine was recently relieved after complaining about the state of Russian artillery, including "the lack of counter-battery fire" and "lack of artillery reconnaissance stations." Chinese artillery troops during a live-fire test in Anhui Province in October 2021. Chinese support could mean the difference between victory and defeat for Russia, but salvation from Beijing may be a long time coming.

Persons: Mao, ANDREY KRONBERG, People's Liberation Army —, China's, Vladimir Putin, Xi Jinping, Dmitri Lovetsky, Xi, Beijing hasn't Organizations: Service, War, Artillery, Royal United Services Institute, Getty, Army, Russia, Publishing, People's Liberation Army, Foreign Ministry, Ukraine, Reuters, China's Locations: Ukraine, Russia, Wall, Silicon, Kyiv, Iran, North Korea, China, British, Volgograd, AFP, Moscow, Anhui Province, St . Petersburg, Beijing, Western, Taiwan, Europe, cynically, Central Asia

☆ China is installing offshore wind turbines as tall as 30 Rock in the Taiwan Strait
▼ + stars: | 2023-07-29 | by ( Rebecca Harrington | ) www.businessinsider.com time to read: +2 min

China recently switched on a 16-megawatt offshore wind turbine in the Taiwan Strait. It's the largest, most powerful turbine in the world, at 499 feet tall with 404-foot blades. That dwarfs the size and capacity of American and European wind turbines currently in use. For comparison, the Block Island Wind Farm off the coast of Rhode Island has five wind turbines capable of generating 30 megawatts of electricity combined, which the company behind it says can power 17,000 homes. Workers install the world's first 16-megawatt offshore wind turbine at an offshore wind farm operated by China Three Gorges Corporation on June 28, 2023 in Pingtan Comprehensive Experimental Zone, Fujian Province of China.

Persons: IFLScience, Lyu, GREG BAKER, it's, China doesn't Organizations: Service, Privacy, Gorges Corporation, Workers, China Three Gorges Corporation, China News Service, Getty, GE Locations: China, Taiwan Strait, Rhode, Fujian Province, New York City, Pingtan, Taiwan, China's, Fujian, AFP

☆ Here's why China's economy is headed for stagnation, according to Nobel economist Paul Krugman
▼ + stars: | 2023-07-26 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

China's economy is headed for a slowdown, according to Nobel laureate Paul Krugman. The top economist compared China's disappointing economic performance so far this year to Japan's economic woes in the 90s, when the nation's economic power began to decline. On top of that, China is also suffering from an unbalanced economy, Krugman said, with demand struggling to rebound after the pandemic. Manufacturing activity contracted in May, while real estate activity, which makes up about a fifth of China's economy, has also stalled. Other experts have warned of trouble for China's economy amid its so-far disappointing economic recovery.

Persons: Paul Krugman, Krugman Organizations: Service, New York Times Locations: China, Japan, Wall, Silicon

☆ What Japan’s Economy Can Tell Us About China - The New York Times
▼ + stars: | 2023-07-25 | by ( Paul Krugman | ) www.nytimes.com time to read: +2 min

And while this is hard to quantify, lots of people I’ve talked to say that Japanese society is far more dynamic and culturally creative than many outsiders realize. The economist and blogger Noah Smith, who knows the country well, says that Tokyo is the new Paris. Which brings me to the question that I raised at the beginning of this newsletter: Will China be the next Japan? China has a wildly unbalanced economy, with too little consumer demand, kept afloat only by a hypertrophied real estate sector, and its working-age population is declining. I am very definitely not a China expert, but is there any indication that China, especially under an erratic authoritarian regime, is capable of pulling this off?

Persons: I’ve, Noah Smith, China Locations: Tokyo, Paris, Japan, China

Its group chief investment officer Jeffrey Jaensubhakij told Reuters GIC was keen to invest in Chinese companies that do business within China and do not export to the United States. "There are some 'China for China' type of investments that still make sense," he said. GIC said exposure to China was important for a diversified portfolio. GIC is the world's seventh-biggest sovereign investor with $690 billion in total assets, according to research firm Sovereign Wealth Fund Institute. The share of emerging market equities in GIC's portfolio rose to 17% by end of March from 16% a year earlier.

Persons: Jeffrey Jaensubhakij, Reuters GIC, GIC's, GIC, Lim Chow Kiat, Beijing scrambles, Ang Eng Seng, Jaensubhakij, GIC's Lim, Yantoultra Ngui, Xinghui, Xie Yu, Julie Zhu, Kane Wu, Christina Fincher Organizations: SINGAPORE, Reuters, HK, Ant Group, Temasek, Infrastructure, Sovereign Wealth Fund, Thomson Locations: China, Singapore, United States, Beijing, U.S, Asia, Japan, Xinghui Kok

☆ Twenty-four central banks will have digital currencies by 2030 - BIS survey
▼ + stars: | 2023-07-10 | by ( Karin Strohecker | ) www.reuters.com time to read: +3 min

Central banks around the globe have been studying and working on digital versions of their currencies for retail use to avoid leaving digital payments to the private sector amid an accelerating decline of cash. Most of the new Central Bank Digital Currencies (CBDCs) will emerge in the retail space, where eleven central banks could join peers in the Bahamas, the Eastern Caribbean, Jamaica and Nigeria which already run live digital retail currencies, the BIS found in its survey of 86 central banks conducted late 2022. On the wholesale side, which in future could allow financial institutions to access new functionalities thanks to tokenisation, nine central banks could launch CBDCs, the BIS said. "Enhancing cross-border payments is among the key drivers of central banks' work on wholesale CBDCs," the authors of the report wrote. Pilot testing in China now reaches 260 million people and two other big emerging economies, India and Brazil, plan to launch digital currencies next year.

Persons: Francois Lenoir, CBDC, Karin Strohecker, Mark Potter Organizations: REUTERS, Francois Lenoir LONDON, Bank for International Settlements, Central Bank Digital, BIS, Swiss National Bank, European Central Bank, Silicon Valley Bank, Signature Bank, Thomson Locations: Brussels, Belgium, Bahamas, Eastern Caribbean, Jamaica, Nigeria, China, India, Brazil, Silicon, stablecoins

☆ What are gallium and germanium, and why is China restricting their exports?
▼ + stars: | 2023-07-04 | by ( Arjun Kharpal | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhat are gallium and germanium, and why is China restricting their exports? Companies looking to export gallium and germanium from China now require a license to do so, under new rules introduced by Beijing. These metals are key to technologies like semiconductors. But how big of a deal are China's new restrictions? CNBC's Arjun Kharpal reports.

Persons: Arjun Kharpal Organizations: Companies Locations: China, Beijing

☆ Study shows 130 countries exploring central bank digital currencies
▼ + stars: | 2023-06-28 | by ( Marc Jones | ) www.reuters.com time to read: +3 min

LONDON, June 28 (Reuters) - A total of 130 countries representing 98% of the global economy are now exploring digital versions of their currencies, with almost half in advanced development, pilot or launch stages, a closely-followed study shows. Eleven countries, including a number in the Caribbean, and Nigeria, have already launched central bank digital currencies (CBDCs) as they are known, while pilot testing in China now reaches 260 million people and covers 200 scenarios from e-commerce to government stimulus payments. Two other big emerging economies, India and Brazil, also plan to launch digital currencies next year. U.S. President Joe Biden ordered government officials to assess the risks and benefits of creating a digital dollar in March 2022. A worker at the Lithuanian mint holds a silver coin, produced to be exchanged for sets of digital currency released by Lithuanian central bank in Vilnius, Lithuania June 1, 2020.

Persons: Joe Biden, Andrius, Marc Jones, Mark Potter Organizations: Council, European Central Bank, REUTERS, Federal Reserve, Big Tech, Visa, Mastercard, Atlantic Council, Bank of England, Thomson Locations: U.S, Argentina, Caribbean, Nigeria, China, India, Brazil, United States, Lithuanian, Vilnius, Lithuania, Russia, Venezuela, Europe, Ukraine, Sweden, Australia, Thailand, South Korea, CBDCs, Senegal, Ecuador

☆ Shein sent American influencers to China. Social media users are furious
▼ + stars: | 2023-06-28 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +5 min

New York CNN —A group of American fashion influencers and creators has received online backlash after they visited a model factory in China as part of a tour sponsored by Shein, an internet shopping giant, and posted glowing reviews. Kenya Freeman, a designer who has sold clothing on Shein, traveled to China and Singapore, where Shein is now based, as part of the junket and shared videos on her Instagram account. In a statement, Shein said the social media videos posted by the influencers were authentic. But its meteoric rise has come with scrutiny, especially as relations between the United States and China have deteriorated. In April, a US congressional commission said Shein, online superstore Temu and others in China were potentially linked to the use of forced labor, exploitation of trade loopholes, product safety hazards or intellectual property theft.

Persons: Kenya Freeman, ” Freeman, ”, Freeman, Shein, Gen, Dani Carbonari, “, Destene Sudduth, Instagram, Kelly Kellen, Z, ‘ Organizations: New, New York CNN, Shein, CNN, Securities and Exchange Commission, Bloomberg, United, United Nations Environment Programme, Aurora University Locations: New York, China, Guangzhou, Kenya, Singapore, Atlanta, United States, Xinjiang

☆ These endangered leopards could be about to disappear in Cambodia
▼ + stars: | 2023-06-22 | by ( Kathleen Magramo | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —The Indochinese leopard is dangerously close to becoming extinct in Cambodia, according to wild cat conservationists, who spent more than a decade looking for the creatures and found just 35. During that period, they only spotted 35 adult Indochinese leopards, and when they returned in 2021, not a single leopard could be seen. Historically, the Indochinese leopard was found throughout Indochina – spanning Cambodia, Laos, Myanmar, Thailand, Vietnam and parts of southwestern China – but almost all the territory they once roamed has disappeared due to human encroachment. Only 35 adult Indochinese leopards were seen between 2009 to 2021 in Cambodia, conservationist group Panthera found. While leopards are vanishing from Cambodia, their numbers in the wild along the Thailand-Myanmar border are likely less than 900, Rostro-García added.

Persons: Oxford University’s WildCRU, Hun Sen, ”, Susana Rostro, Gareth Mann Organizations: Hong Kong CNN, Oxford, Biological Conservation, WWF, FA Cambodia, Global Forest Watch, IUCN Locations: Hong Kong, Cambodia, Indochina, Laos, Myanmar, Thailand, Vietnam, China, WWF Cambodia, Malaysia

SYDNEY/SINGAPORE, June 20 (Reuters) - Asia's dealmakers are counting on a pause in rate hikes globally and an economic rebound in China to rekindle activity in the region's equity capital markets, after volumes in the first half of the year sank to their lowest in four years. First-half Asia Pacific equity capital markets volumes dropped 16% to $117.2 billion from the same period in 2022, including a 34% drop in initial public offerings (IPOs) to $34.3 billion, Refinitiv data showed. "For investor sentiment to return for IPOs we need to see a more stable interest rate environment in the U.S., more economic stimulus from China and an improving geopolitical backdrop," said Cathy Zhang, head of Asia Pacific equity capital markets at Morgan Stanley. "We are hoping to see more IPO activity in the second half and starting to see some green shoots in the U.S. and Europe," said Udhay Furtado, Citigroup's co-head of Asia equity capital markets. As bankers scan their pipeline of IPO candidates for the second half, larger transactions in the region are being favoured to help kick-start activity.

Persons: Goldman Sachs, Cathy Zhang, Morgan Stanley, Udhay Furtado, Citigroup's, Sunil Dhupelia, JPMorgan's, China's JD.com, Hulu Energi's, Edmund Leong, Scott Murdoch, Yantoultra, Vineet, Sonali Paul Organizations: Asia, Morgan, IPOs, STAR, Shenzhen's, Reuters, JD Industrial, JD, Alibaba, HK, Bankers, Group Investment Banking, UOB, Thomson Locations: SYDNEY, SINGAPORE, China, Asia Pacific, U.S, York, Hong Kong, Indonesia, Europe, Asia, Japan, IPOS, Southeast Asia, Amman, Sydney, Singapore, Bangalore

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