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☆ China Failed to Sway Taiwan’s Election. What Happens Now?
▼ + stars: | 2024-01-13 | by ( Damien Cave | ) www.nytimes.com time to read: +1 min

China’s leader, Xi Jinping, has tied his country’s great power status to a singular promise: unifying the motherland with Taiwan, which the Chinese Communist Party sees as sacred, lost territory. A few weeks ago, Mr. Xi called this a “historical inevitability.”But Taiwan’s election on Saturday, handing the presidency to a party that promotes the island’s separate identity for the third time in a row, confirmed that this boisterous democracy has moved even further away from China and its dream of unification. After a campaign of festival-like rallies, where huge crowds shouted, danced and waved matching flags, Taiwan’s voters ignored China’s warnings that a vote for the Democratic Progressive Party was a vote for war. They made that choice anyway. Lai Ching-te, a former doctor and the current vice president, who Beijing sees as a staunch separatist, will be Taiwan’s next leader.

Persons: Xi Jinping, Xi, Lai Ching, It’s Organizations: Chinese Communist Party, Democratic Progressive Party Locations: Taiwan, China, Beijing

☆ China skeptic Lai Ching-te wins Taiwan's presidential election
▼ + stars: | 2024-01-13 | by ( Clement Tan | ) www.cnbc.com time to read: +8 min

Taiwan's President-elect Lai Ching-te (left) gestures beside his running mate Hsiao Bi-khim during a rally outside the headquarters of the Democratic Progressive Party (DPP) in Taipei on January 13, 2024, after winning the presidential election. The outcome of the presidential election on Saturday riled Beijing, which has repeatedly labeled Lai as a "stubborn worker for Taiwan independence" and a dangerous separatist. Annabelle Chih | Getty Images News | Getty ImagesDPP's Lai — Taiwan's current vice-president — won more than 40% of the popular vote in Taiwan's eighth presidential election. DPP is the first party to win the presidential office three times in row since direct presidential elections were introduced in 1996. This year, 71.9% of all eligible voters cast their ballots for the presidential election, according to preliminary data from Taiwan's Central Election Commission.

Persons: Lai Ching, Hsiao Bi, Yasuyoshi Chiba, Lai, Tsai Ing, Tsai, Annabelle Chih, DPP's Lai, Taiwan's, —, Beijing's, Hou, Ko Wen, Chen Binhua, Chen, Xi Jinping, Antony Blinken, Ko, Wei, Ting Yen Organizations: Democratic Progressive Party, AFP, Getty, TAIPEI, Saturday, Beijing, Chinese Communist Party, DPP, KMT, Chinese Communist Party officials, Democratic Progressive, Kuomintang, Taiwan People's Party, Taiwan's, Taiwan Affairs Office, State Council, CNBC, Franklin, Marshall College, Taiwan's DPP Locations: Taipei, Taiwan, China, U.S, Taiwan Strait, Beijing, Taiwan —, Republic of China, Xinhua, United States

☆ Vote counting begins in closely watched Taiwan election
▼ + stars: | 2024-01-10 | by ( Clement Tan | ) www.cnbc.com time to read: +9 min

With China intensifying its rhetoric on its claim over Taiwan, global observers are billing this Taiwan election as highly pivotal for security in the Asia-Pacific at a time of testy U.S.-China relations. If Lai and Hsiao win the Jan. 13 vote for the Taiwan presidential office, it would mark the first time any political party has stayed in office for more than two consecutive terms since Taiwan introduced direct presidential elections in 1996. Campaign posters for various legislative member candidates in Taipei, Taiwan, on Wednesday, Dec. 27, 2023. China's Taiwan affairs office has characterized the self-ruled island's election as a choice between "peace and war, prosperity and decline." "China has always meddled whenever there is an election in Taiwan, but this time, it's the most serious."

Persons: Hou Yu, Hei Leung, Ko Wen, policymaking, Tsai Ing, Ko, Cynthia Wu, Jing Bo, jiun, Sam Yeh, Jing, Tsai, Lai Ching, Hsiao, United States —, Lai, Timothy S, Rich, Jaw Shaw, kong, Hou, Kevin Luo, Xi Jinping, Joe Biden, Xi, Biden, Nancy Pelosi, Rong Xu, Democratic Progressive Party Lai Ching, Yasuyoshi Chiba, DPP's Lai, Weeks Organizations: ih, Anadolu, Getty, Democratic Progressive Party, Kuomintang, Taiwan People's Party, China, Local, KMT, Taiwan Studies, University of Oxford, AFP, Taiwan, Rich Western Kentucky University, Taiwan's National Police Agency, New, DPP, University of Minnesota, Western Kentucky University, U.S, China -, APEC, CNBC, Former U.S, Bloomberg, Taiwan's DPP, Beijing, Cross Straits Service Locations: Taichung, Taiwan, Taipei, Asia, Pacific, U.S, China, Hsinchu, United States, Overconfidence, New Taipei City, China - U.S, Beijing, Taiwan Strait, Kaohsiung

The summit won’t end the standoff between the world’s biggest economies. But it’s a sign that Biden and Xi want to maintain ties, despite trade tensions, tit-for-tat sanctions and questions about the future of Taiwan — and business leaders will be hoping for some sign of a thaw. Officials have been at pains to emphasize that the U.S. and China are competitors rather than zero-sum rivals. “We have a $700 billion trading relationship with China. The vast majority — 99 percent of that — has nothing to do with export controls,” Gina Raimondo, the commerce secretary, told CNN this weekend.

Persons: Biden, Xi Jinping, Xi, —, ” Gina Raimondo, Jake Sullivan, Janet Yellen, ” Xi, ” Organizations: CNN Locations: China, Washington, Beijing, San Francisco, Taiwan

☆ China has a sweeping vision to reshape the world — and countries are listening
▼ + stars: | 2023-11-09 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +23 min

All this coincides with longstanding calls from countries across the developing world for an international system where they have more say. Beijing, he added, sees the US as merely “paying lip service” to the “liberal order” to hurt other countries. Sergei Savostyanov/Sputnik/ReutersIn recent years, even some countries that have for decades embraced a close partnership with the US have drawn closer to China and its vision. “Is China really trying to promote multipolarity — or does China just want to (become a) substitute (for) US influence over the world?” he asked. They also raise questions about how a more militarily and economically powerful China would behave globally, if left unchecked.

Persons: Xi Jinping, —, Xi, Vladimir Putin, General Antonio Guterres, ” Xi, , Shen Hong, they’d, ”, Yun Sun, liberalize, Sanjit Das, Shen Dingli, ‘, ’ ”, Russia’s Putin, Bashar al, Assad —, Assad’s, Sergei Savostyanov, Ali Sarwar Naqvi, “ We’ve, James Marape, ’, Rubens Duarte, Li Zhiquan, “, Tong Zhao, Zhao, Ted Aljibe, Luiz Inácio Lula da Silva, Zhang Youxia, Beijing’s, Gilberto Teodoro Jr, BRICS, Weeks, Joe Biden, Sergio Lima, ” — Organizations: Hong Kong CNN, United Nations, Forum, China, Communist, CNN, Beijing, Washington, Getty, Stimson, Bank, World Trade Organization, . Riot, Bloomberg, Initiative, Asian, Global, Sputnik, Reuters, Center for International Strategic Studies, Papua New Guinea, multipolarity, China News Service, Carnegie Endowment, International Peace, Global Security Initiative, NATO, Russia, Philippine Defense, Shanghai Cooperation Organization, United, New, Seven, Ministry, Global Security, Group, UN, Communist Party Locations: China, Hong Kong, Beijing, United States, Ukraine, Gaza, Russian, Xinhua, Washington, South, Taiwan, Tibet, Xinjiang, America, Shanghai, West, Hangzhou, Israel, Pakistan, Pakistani, Islamabad, Papua New, Brazil, Indonesia, Europe, Asia, Scarborough, South China, AFP, Moscow, Russia, “, Saudi Arabia, Iran, Palestine, India, South Africa, Argentina, Egypt, Ethiopia, United Arab Emirates, New Delhi, Southeast Asia, Latin America, Caribbean, ” Beijing

☆ 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

☆ China's crackdown on Foxconn, one of Apple's biggest suppliers, shows Beijing is willing to sacrifice its economy for political power
▼ + stars: | 2023-10-25 | by ( Huileng Tan | ) www.businessinsider.com time to read: +7 min

China has launched investigations into Taiwan's Foxconn over its land use in mainland China. AdvertisementAdvertisementEven Foxconn, China's largest private-sector employer, isn't immune from Beijing's whims. Foxconn, also known as Hon Hai Precision Industry, is a huge contributor to China's employment and economic growth. Given how important Foxconn is to China's economy, it's a sign that Beijing is willing to make some sacrifices in its economy for political reasons, Liu said. China's economy is in tattersChina's economy has struggled to recover after nearly three years of on-off COVID-19 lockdowns.

Persons: —, Terry Gou, Foxconn, William Lai, KMT's Hou Yu, Ko Wen, Anna Ashton, Lai, China —, Gabriel Wildau, Zhu Fenglian, Dongshu Liu, Liu, they've, Insider's Linette Lopez, Xi, Lee Miller, Lopez, Liu Pengyu Organizations: Service, Hai Precision Industry, Apple, Democratic Progressive Party, ih, Taiwan People's Party, Eurasia Group, Gzero Media, KMT, Teneo Holdings, Bloomberg, Foxconn, Taiwan Affairs Office, City University of Hong, WPP, DC Locations: China, Beijing, Taiwan —, Taiwan, Taipei, New York, City University of Hong Kong, tatters, Washington, Foxconn

☆ Cramer on 5 risks facing markets — and why it's not the 'most dangerous time'
▼ + stars: | 2023-10-22 | by ( Jim Cramer | ) www.cnbc.com time to read: +9 min

It is, however, by all appearances not a great time to be long stocks. But before that could happen, the markets would fall in response to Iran's actions and the U.S. commitment to defend Israel. All three enemies — Iran, Russia and China — are, indeed, being challenged by the U.S. in some capacity. But is it really too much to argue that multiple compression is not on par with "the most dangerous" of times? As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jamie Dimon, JPMorgan Chase, Ben Bernanke, Bernanke, I, Hamas, —, hasn't, bearish parry, Jingoism, Jerome Powell, Janet Yellen, infuses, Powell, We've, Jim Cramer's, Jim Cramer, Jim, Emily Elconin Organizations: JPMorgan, CBS, Israel, Fed, U.S ., Houston Astros, Jim Cramer's Charitable, CNBC, JPMorgan Chase &, Economic, of Detroit, Bloomberg, Getty Locations: Republic, Iran, Russia, China, Gaza, Israel, what's, U.S, East, Ukraine, Taiwan, Detroit , Michigan

☆ Phoenix's big moment: How Mayor Kate Gallego is capitalizing on the 'semiconductor revolution' to establish the next global city
▼ + stars: | 2023-10-12 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

Phoenix, Arizona, is the center of the US's burgeoning semiconductor chip industry . "We're still trying to prove ourselves as an important global city," Gallego told Insider. AdvertisementAdvertisementPhoenix's semiconductor industry could face some challengesIn the years ahead, Phoenix's economy and international reputation seem poised to benefit from the semiconductor boom. The first of the two TSMC chip factories has faced construction delays and accusations of management and safety issues. "It is the most complex project that I have seen in our city," Gallego said of TSMC's Phoenix factory.

Persons: isn't, Kate Gallego, —, We're, Gallego, Joe Biden, Gina Raimondo, she's, Patrick Semansky, wasn't, Jacob Zinkula, there's Organizations: Service, Philadelphia, Intel, US, Harvard, Phoenix, . Airlines, Taiwan Semiconductor Manufacturing Company, AP, Deloitte Locations: Phoenix, Arizona, , Arizona, United States, isn't, Taiwan, Asia, New Mexico, South Korea, Japan, California

☆ This golf stock is a buy even after fire at key supplier facility, Bank of America says
▼ + stars: | 2023-09-29 | by ( Fred Imbert | ) www.cnbc.com time to read: +1 min

Investors should buy the dip on Topgolf Callaway , according to Bank of America. Analyst Alexander Perry reiterated his buy rating on the stock and a price target of $22 per share. MODG mountain 2023-09-22 Tough week for MODG The fire raised concern over the global supply of golf balls, which put pressure on Topgolf shares. "Also, the fire should not meaningfully impact Topgolf range ball supply or venue openings given "current inventory levels and alternate supply sources." To be sure, Topgolf shares were struggling even before the fire.

Persons: Topgolf Callaway, Alexander Perry, Topgolf, Perry, MODG, — CNBC's Michael Bloom Organizations: Bank of America, Launch Technologies, Callaway Locations: Thursday's, Taiwan, Chicopee

HANGZHOU, China (AP) — The opening ceremony of the Asian Games on Saturday in China offered all the staples of a major international sports event. One big thing, however, was missing: real fireworks, the exploding kind that smell of power and burnt fuses. Instead, the high-tech games — billed of course as “green games” — offered electronic flash, 3D animations and a virtual torchbearer. Delayed for a year by the pandemic, the Asian Games are China's largest sports event since the country scrapped its zero-COVID-19 policy early in the year. China won almost 300 medals in the Asian Games five years ago and is sure to dominate again followed by Japan and South Korea.

Persons: Xi Jinping, —, Xi, Bashar al, Assad, Thomas Bach, King Norodom Sihamoni, Bach, Vladimir Putin, there’s, ___ Didi Tang Organizations: Asian Games, Sports Center, International Olympic, Olympic Council of, Hangzhou Asian, Xinhua, Olympics, China, —, Afghan, ___ AP Asia Locations: HANGZHOU, China, Hangzhou, Taiwan, North Korea, Hong Kong, Cambodia, Olympic Council of Asia, Russia, Paris, Beijing, Shanghai, “, Hangzhou Asian Games, Los Angeles, Brisbane, Australia, Japan, South Korea, Afghanistan, Washington, ___, asia

☆ Shanghai, Beijing capital controls relaxed as China entices badly needed foreign investment
▼ + stars: | 2023-09-22 | by ( Laura He | ) edition.cnn.com time to read: +4 min

Shanghai’s free trade zone is one of China’s largest and is slightly bigger than the city of Seattle. The policies are aimed at attracting foreign investment to build an open economy, the government said. Thursday’s measures are the latest effort by Chinese leader Xi Jinping’s government to woo foreign capital and stabilize ties with the West. China has made a series of moves recently to stabilize foreign trade and investment, including cutting a tax on stock trading for the first time since 2008. The latest relaxation in capital controls is part of a policy package announced by Beijing and Shanghai, the country’s two biggest cities, to facilitate foreign trade and investment.

Persons: Tesla’s Gigafactory, Stringer, Xi Jinping’s, JP Morgan, Tesla Organizations: Hong Kong CNN, HP, AstraZeneca, Getty, State Administration of Foreign Exchange, American Chamber of Commerce, People’s Bank of, HSBC Locations: China, Hong Kong, Shanghai, Beijing, Seattle, BlackRock, AFP, People’s Bank of China, Macao, Taiwan

☆ Modi, Biden pledge to deepen India-U.S. partnership as world leaders descend on Delhi for G20 summit
▼ + stars: | 2023-09-08 | by ( Clement Tan | ) www.cnbc.com time to read: +6 min

Indian artist Jagjot Singh Rubal gives final touches to an oil painting of U.S. President Joe Biden, at his workshop in Amritsar on September 5, 2023, ahead of the two-day G20 summit in New Delhi. The pair's absence has sparked fears that a communique binding member states may not be issued at the end of a G20 leaders' summit — undercutting India's clout and diminishing his domestic messaging. At a pre-summit press conference Friday, India's G20 sherpa Amitabh Kant said the final declaration "is almost ready." In their joint statement after their Friday bilateral meeting, Biden and Modi "reaffirmed their commitment to the G20." Despite recently traveling to South Africa for a BRICS meeting, Xi has rarely traveled abroad.

Persons: Jagjot Singh Rubal, Joe Biden, Narinder Nanu, Narendra Modi, Biden, Bangladesh —, Modi, Vladimir Putin, Xi Jinping, Putin, Sergey Lavrov, China Premier Li Qiang, Xi, India's, Amitabh Kant, Kant, snubbing Modi, Taiwan — Organizations: Afp, Getty, Indian, U.S, International Monetary Fund, African Union, Global, China Premier Locations: Amritsar, New Delhi, Narinder, Delhi, Washington, Australia, India, Japan, U.S, Mauritius, Bangladesh, China, —, Russian, Russia, Ukraine, Germany, France, South Africa, Beijing —, Zambia, Venezuela, Malaysia, Philippines, Vietnam, Taiwan, Beijing

☆ Kelly Evans: Why China is turning into a liability for American companies
▼ + stars: | 2023-09-07 | by ( Kelly Evans | ) www.cnbc.com time to read: +4 min

Companies with high China exposure have been underperforming since early 2022, the firm notes. The tech sector actually has the largest sales exposure, with roughly 15% coming from China, compared with about 7.5% for the S&P 500 overall. Other particularly vulnerable industries include autos, with Tesla's high China exposure driving the industry average above 20% for sales to China, and Tesla shares are still 40% below their late 2021 highs. Autos are also one of the industries China is leaning hard on to drive its global exports, as its BYD has become the world's biggest electric car maker. Plus, certain luxury retail brands and myriad other industries from pharma to energy face trouble if their China exposure turns from a blessing to a curse.

Persons: China's, Piper Sandler, Derek Scissors, Xi Jinping, —, Kelly Evans Organizations: CNBC, Washington , D.C, Starbucks, Apple, Bloomberg, Micron, pharma Locations: China, Beijing, Washington ,, Taiwan

☆ India's G20 presidency risks ringing hollow as Ukraine war dashes hopes of consensus
▼ + stars: | 2023-09-05 | by ( Clement Tan | ) www.cnbc.com time to read: +10 min

US President Joe Biden, right, and Narendra Modi, India's prime minister, at an arrival ceremony during a state visit on the South Lawn of the White House in Washington, DC, US, on Thursday, June 22, 2023. One of the risks is that by elevating India's presidency of the G20 so much, there are now expectations for India to deliver some concrete breakthroughs. Russia-Ukraine impasseIndeed, the specter of Russia's Ukraine invasion has loomed large over G20 meetings for the various tracks that India has convened. He even labeled it the "biggest achievement" of India's G20 presidency so far — despite Russia and China abstaining. This development serves to buttress India's burgeoning economic clout, the basis of its greater confidence and assertiveness geopolitically.

Persons: Joe Biden, Narendra Modi, India's, haven't, Manjari Chatterjee, Modi, Manjari Chatterjee Miller, Vladimir Putin, Xi Jinping, Putin, Pramit Pal Chaudhuri, Chaudhuri, Sergei Lavrov —, Putin —, CFR's Miller, Eurasia Group's Chaudhuri, Subrahmanyam Jaishankar, Sumedha Dasgupta, Biden, Taiwan —, assertiveness, It's, Pravin Krishna Johns Organizations: White, Bloomberg, Getty, Indian, Shanghai Cooperation Organization, Manjari Chatterjee Miller, Foreign, Council, Foreign Relations, CNBC, Global, African Union, UN, Group Russia's, West, Bharatiya Janata Party, BJP, India's, Economist Intelligence Unit, Moscow, . Warming, Apple, Pravin Krishna Johns Hopkins University's School, International Locations: Washington , DC, New Delhi, India, Ukraine, Pakistan, South Asia, Washington ,, Russia, China, Varanasi, Bali, Eurasia, Asia, U.S, . Warming India, Malaysia, Philippines, Vietnam, Taiwan, Beijing

☆ The world's largest chipmaker promised to create thousands of US jobs. There are growing tensions over whether US workers have the skills or work ethic to do them.
▼ + stars: | 2023-08-16 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

Differences in US and Taiwanese work culture could pose another challenge. Some TSMC workers are doubtful that Americans can adjust to the challenging work environment. It's not just a disagreement over expertise that poses risks to TSMC's Arizona chip plant. This is the work culture." It added: "We have not replaced any of our local workers with foreign workers and continue to prioritize the hiring of local workers in Arizona."

Persons: TSMC, chipmaker, It's, Morris Chang, Wayne Chiu, Fortune, they're, Mark Liu, TSMC's, Liu, chipmaker Chang, Adam Ozimek Organizations: Service, Taiwan Semiconductor Manufacturing Co, New York Times, Times, YouTube, Taiwan, Taiwan —, Brookings Institute, Arizona Pipe, Economic Innovation Group Locations: Arizona, Wall, Silicon, Taiwan, Taipei, Taiwanese, Asia, Oregon, America, Phoenix

☆ The founder of Apple's key supplier said the US stock market would collapse in '10 seconds' if war breaks out in Taiwan. He deleted the comment within hours of posting it.
▼ + stars: | 2023-08-03 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Foxconn founder Terry Gou said the US stock market would crash in 10 seconds if war were to break out over Taiwan. China claims self-ruled Taiwan — the world's top chip supplier — as its territory. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. China claims self-ruled Taiwan — the world's top chip supplier — as its territory and has been ramping up military drills around the island. Gou did not immediately respond to a request for comment from Insider sent to his verified Instagram account.

Persons: Terry Gou, Thomas Friedman, Friedman, Gou Organizations: Service, Wall, Facebook, New York Times, Hai Precision Industry, Bloomberg, Taiwan's, KMT, China Morning Post Locations: Taiwan, Ukraine, China, Wall, Silicon, Russia, Gou, Foxconn

☆ Wall Street misses the big picture on Apple by focusing on softer iPhone sales
▼ + stars: | 2023-08-02 | by ( Morgan Chittum | ) www.cnbc.com time to read: +6 min

Ahead of Club name Apple 's (AAPL) second-quarter results Thursday, some on Wall Street have warned the company could be weighed down by weakening iPhone sales. Analysts on Wall Street estimate $81.7 billion in sales, which would constitute a roughly 2.3% annual decline, according to FactSet. The country has become one of the top-five iPhone markets over the past quarter for Apple, according to Counterpoint Research. In a note to clients last week, Morgan Stanley forecasted that India could comprise 15% of Apple’s revenue growth over the next five years. Still, Wall Street is torn over iPhones sales and whether they will come in softer on Thursday.

Persons: Steve Cook, Cook, Morgan Stanley, Wells, we’re, we're, We're, hasn't, Jim Cramer's, Jim Cramer, Jim, Jakub Porzycki Organizations: Apple, Big Tech, JPMorgan, Tech, Research, CNBC, UBS, Bloomberg, U.S, Major League Soccer, Nurphoto, Getty Locations: India, China, Hong Kong, Taiwan, Americas, Europe

☆ Apple expected to post third consecutive down quarter, but its forecast is more important
▼ + stars: | 2023-08-01 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

David A. Grogan | CNBCEmerging markets and ChinaSome analysts are eager to see Apple give data points on India sales. India became one of Apple's top five iPhone markets during the quarter, according to analyst estimates. If Apple stockpiled parts and has enough to make what it needs to produce, it could help margins, analysts say. Wall Street likes to see Apple's services business grow regularly and smoothly, because the margins on services are so much higher than when Apple sells hardware. Apple suggested a 5% year-over-year increase in services, and FactSet's estimates more than $20.7 billion in revenue.

Persons: Tim Cook, Valley's Allen, David A, Cook, D.A, Davidson, Tom Forte, Piper Sandler, Harsh Kumar, Kumar, Apple, Sidney Ho, Wells, Aaron Rakers Organizations: Company, Grogan, CNBC, Apple, Google, Apple Pay, Services, Deutsche Bank, Bloomberg Locations: Sun Valley , Idaho, China, India, Hong Kong, Taiwan

☆ John Kerry to step into searing China heat as world’s two biggest polluters try to fix fractured ties
▼ + stars: | 2023-07-15 | by ( Nectar Gan | ) edition.cnn.com time to read: +10 min

China Energy Investment Corporation, the world’s largest generator of coal-fired power, said its production of electricity reached a historic high on Monday. Kerry, 79, has traveled to China twice since being appointed as US President Joe Biden’s special climate envoy. Li, the Greenpeace analyst, said he would be closely watching who will meet with Kerry in Beijing. That would require the country to phase out coal power, which accounts for about 60% of its total electricity generation. “The expansion of coal is a grave challenge for China’s climate policy,” Li said.

Persons: John Kerry, ”, Li Shuo, Nancy Pelosi’s, ” Li, Andy Wong, Kerry, Biden, Antony Blinken, Xi Jinping, Janet Yellen, China’s Premier Li Qiang, Blinken, Wang Yi, Alex Wang, Joe Biden’s, Xie Zhenhua, Arnd Wiegmann, Li, Xie Jianhua, Ding Xuexiang, Xi, Obama, Xie, ” Kerry, “ I’m, Stringer, Wang, “ It’s, “, ” Wang Organizations: Hong Kong CNN, Beijing Sunday, Greenpeace, Washington, US, Taiwan —, China Energy Investment Corporation, China’s Premier, University of California, US State Department, China’s Ministry of Ecology, Economic, Blinken, Kerry, CNN, COP28, UCLA, Global Energy Monitor Locations: Hong Kong, Beijing, United States, China, Greenpeace China, Taiwan, Jakarta, “, Los Angeles, Kerry, Shanghai, Tianjin, People’s Republic of China, Davos, Switzerland, Washington, Paris, China Glasgow, Dubai, Lianyungang, China's, Jiangsu, AFP

☆ John Kerry steps into searing China heat as world’s two biggest polluters try to fix fractured ties
▼ + stars: | 2023-07-15 | by ( Nectar Gan | ) edition.cnn.com time to read: +10 min

Persons: John Kerry, ”, Li Shuo, Nancy Pelosi’s, ” Li, Andy Wong, Kerry, Biden, Antony Blinken, Xi Jinping, Janet Yellen, China’s Premier Li Qiang, Blinken, Wang Yi, Alex Wang, Joe Biden’s, Xie Zhenhua, Arnd Wiegmann, Li, Xie Jianhua, Ding Xuexiang, Xi, Obama, Xie, ” Kerry, “ I’m, Stringer, Wang, “ It’s, “, ” Wang Organizations: Hong Kong CNN, Greenpeace, Washington, US, Taiwan —, China Energy Investment Corporation, China’s Premier, University of California, US State Department, China’s Ministry of Ecology, Economic, Blinken, Kerry, CNN, COP28, UCLA, Global Energy Monitor Locations: Hong Kong, Beijing, United States, China, Greenpeace China, Taiwan, Jakarta, “, Los Angeles, Kerry, Shanghai, Tianjin, People’s Republic of China, Davos, Switzerland, Washington, Paris, China Glasgow, Dubai, Lianyungang, China's, Jiangsu, AFP

☆ The Semiconductor Struggle
▼ + stars: | 2023-07-14 | by ( David Leonhardt | More About David Leonhardt | ) www.nytimes.com time to read: +3 min

Treasury Secretary Janet Yellen and Secretary of State Antony Blinken have both visited Beijing in recent weeks partly to improve communication between the two countries. Biden administration officials appear close to announcing rules restricting American firms from investing in many cutting-edge Chinese technology companies. The Biden administration put the restrictions in place Oct. 7. Muse, a semiconductor expert at Evercore ISI, an investment advisory firm. The article explains how the Biden administration is trying to prevent China from getting access to cutting-edge semiconductors, which are vital to many digital technologies.

Persons: Janet Yellen, Antony Blinken, Biden, ” Yellen, Yellen, Gina Raimondo, you’d, would’ve, ”, C.J, Alex Palmer, Alex Organizations: “, U.S, Biden, ISI, Times Locations: U.S, China, Beijing, Japan, Netherlands, Taiwan

☆ From a failed $20 billion joint venture to stalled projects, India's dreams of becoming a chipmaking powerhouse are off to a bad start
▼ + stars: | 2023-07-11 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

Foxconn said Monday it's scrapping a $20 billion JV with Indian conglomerate Vedanta to make semiconductors. Other plans to boost India's chipmaking sectors are also progressing slowly. The two companies signed an agreement in February 2022 to form a joint venture, or JV, to manufacture semiconductors in India. Apart from Foxconn abandoning its JV with Vedanta, two other chipmaking ventures are also in limbo. A $3 billion venture under global consortium ISMC — which counts Israel's Tower Semiconductor as a partner — has stalled, as Tower is in the process of being acquired by tech bigwig Intel, Reuters reported on June 1.

Persons: Foxconn, Narendra Modi's, Taiwan's Foxconn, Apple —, Narendra Modi, —, hasn't, Rajeev Chandrasekhar, editorializing abt, Modi Organizations: Vedanta, Indian, Morning, Apple, JV, Hai Technology Group, Taiwan Stock Exchange, Taiwan Semiconductor Manufacturing Company, ISMC, Semiconductor, Intel, Reuters, Micron, JV Vedanta, India Locations: India, Taiwan, China, Gujarat, Taiwan Straits, Singapore, Indias

☆ Opinion: This is bigger than just the US and China
▼ + stars: | 2023-06-16 | by ( Opinion Michael Bociurkiw | ) edition.cnn.com time to read: +6 min

He is a senior fellow at the Atlantic Council and a former spokesperson for the Organization for Security and Cooperation in Europe. The possibility of miscalculation has increased in recent months as China has triggered some close encounters with US ships on the high seas. (In 2020, China overtook the US as Europe’s biggest trading partner for goods.) The confusion in Europe over how to treat China was on full display earlier this year when French President Emmanuel Macron and President of the European Commission Ursula von der Leyen made their disastrous joint visit to China. Blinken’s visit to Beijing is being marketed as a bilateral meeting with a shot at achieving détente.

Persons: Michael Bociurkiw, Antony Blinken, Michael Bociurkiw Chrystia, Laura Ballman, Blinken, Li Hui, Lu Shaye, can’t, Emmanuel Macron, Ursula von der Leyen, Angela Merkel, Philippe Moreau Chevrolet, ”, “, Xi Jinping Organizations: Atlantic Council, Organization for Security, Cooperation, CNN, Amsterdam CNN —, NATO, CIA, European Commission, Twitter, Facebook Locations: Odesa, Europe, Beijing, United States, China, Ukraine, Washington, Taiwan, Canada, Russia, Paris, French, Russian, Poland, Saudi Arabia, Iran

Secretary of State Antony Blinken is expected to travel to China in the coming weeks for talks, two U.S. officials told NBC News on Tuesday. The news comes after a previously planned trip was postponed following the discovery of a Chinese spy balloon flying over the United States. U.S. officials did not provide additional details on the timing of Blinken's rescheduled trip, which was first reported by Bloomberg. President Joe Biden and Chinese President Xi Jinping previously met in November in Bali, Indonesia, where they agreed that Blinken would visit China to follow up on the discussions. A Chinese government representative defended its actions, saying Monday that "China always respects the right of navigation."

Persons: Antony Blinken, Blinken, Wang Yi, Ned Price, Joe Biden, Xi Jinping, John Kirby, Biden Organizations: American Israel Public Affairs, NBC, U.S, Bloomberg, ., State Department, China's Ministry of Foreign Affairs, National Security, U.S . Locations: Washington , DC, China, United States, . American, South Carolina, Singapore, Bali , Indonesia, Taiwan, Bali, American, Beijing

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