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In India and China, torrential rains have killed more than 200 people in the past week. Widespread flooding has been reported in North Korea near the border with China with no word on whether anyone died. North Korea: Damage, but no information on deathsThe tropical storm also generated heavy rain in northeast China on the border with North Korea, overflowing the Yalu River, which divides the two countries. In North Korea, the rain flooded 4,100 houses, 7,400 acres of farmland and many public buildings, roads and railways. One city near North Korea asked people living below the third floor to move higher as the Yalu River rose.

Persons: ”, “, Gaemi, KCNA, Kim Jong Un, Kim Organizations: China Meteorological Administration, Rescue, ”, Ministry of Water Resources, AP, State TV Locations: India, China, Pakistan, North Korea, Asia, Kerala, ” India, Philippines, Taiwan, Pacific, Hunan, Zixing, Shanghai . China, North Korea’s, Phyongan, Jilin province, Lahore, Punjab province

☆ 2 renowned strategists say the US should defend Taiwan with nuclear strikes. Experts say such talk is just a taste of what's to come.
▼ + stars: | 2024-08-02 | by ( Matthew Loh | ) www.businessinsider.com time to read: +13 min

The US once floated nuclear retaliation in 1958 if China invaded Taiwan, and stationed nuclear weapons on the island until 1974. It would essentially tell Beijing that an invasion of the island risks nuclear war, he said. "What's the benefit of reassuring Xi that our nuclear weapons are not relevant?" "So relatively low-yield nuclear weapons could destroy that amphibious force and do little to no collateral damage onshore in Taiwan." He added that threatening war — much less nuclear war — over Taiwan would be deeply unpopular at home.

Persons: —, David Kearn, Kearn, — he'd, Greg Weaver, Weaver, Obama, Matthew Kroenig, James Acton, Greg, Matt, Kroenig, Lyle Goldstein, Goldstein, we're, Acton, Francesca Giovannini, Giovannini, Xi Jinping, Xi, It's, Marshall Billingslea, Billingslea, Rebeccah Heinrichs, Jake Werner Organizations: Service, John's, Atlantic Council, Pentagon, Business, RAND, US Defense, Joint Chiefs of Staff, Defense Department, Nuclear, Carnegie Endowment, International, China Initiative, Brown University, International Peace, Harvard University's Kennedy, Georgetown University, US State Department, Hudson, Keystone Defense Initiative, Kroenig, East Asia, Quincy Institute, Responsible, Johns University Locations: St, Taiwan, China, Beijing, Washington, Korea, Japan, Taiwan Strait, Washington , DC, Guam, South China, Russia, United States, Bejing, South Korea

☆ China securities official expected to lead Shenzhen stock exchange, Reuters reports
▼ + stars: | 2024-08-02 | by ( ) www.cnbc.com time to read: +2 min

A woman walks by the gate of the Shenzhen Stock Exchange on Aug. 20, 2020 in Shenzhen, Guangdong Province of China. VCG | Visual China Group | Getty ImagesChina is expected to appoint a senior securities official to head its second-largest bourse, four sources said, filling a role that has been vacant for the unusually long period of seven months as the securities regulator reshuffled its leadership. Li Jizun, a civil servant who is now director of the general office at the China Securities Regulatory Commission (CSRC), is set to become general manager of the 27-trillion-yuan ($3.73-trillion) Shenzhen Stock Exchange, the sources said. The CSRC and the Shenzhen exchange did not immediately respond to a faxed request for comment. Sha had worked at the securities regulator for more than two decades before taking over at the Shenzhen exchange in mid-2020, after her predecessor Wang Jianjun was promoted to the party chief role before returning to the regulator as a vice chairman.

Persons: Li Jizun, Li, Sha Yan, Sha, Wang Jianjun Organizations: Shenzhen Stock Exchange, Visual China, Getty, bourse, China Securities Regulatory Commission, State Council, Shanghai's Nasdaq, Communist Party Locations: Shenzhen, Guangdong Province of China, China, Beijing, U.S

☆ Li Auto's July deliveries hit a record as Chinese EV consumers prefer hybrid options
▼ + stars: | 2024-08-02 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

A newly released Li Auto L6 new energy vehicle is displayed at a store in Shanghai, China, on April 19, 2024. BEIJING — Chinese new energy vehicle company Li Auto announced Thursday it delivered a record number of cars in July, boosted by sales of its new, lower-cost Li L6 SUV. The new model and most of Li Auto's cars come with a fuel tank for extending the battery's driving range. The automaker said its Li L6 that launched in April has seen monthly deliveries of more than 20,000. The China Passenger Car Association said Tesla China sold 59,261 cars in June.

Persons: Li, Li Auto, Tesla Organizations: Auto, Li Auto, Li, U.S, China Passenger Car Association, Tesla Locations: Shanghai, China, BEIJING, Tesla China

☆ China doping controversy casts a shadow over Olympic swimming
▼ + stars: | 2024-08-01 | by ( Simone Mccarthy | Andrew Mcnicol | ) edition.cnn.com time to read: +8 min

The global sports doping watchdog World Anti-Doping Agency (WADA) accepted the assessment without an appeal. Concern only deepened Tuesday, after WADA acknowledged a separate 2022 case in which two Chinese swimmers tested positive for “trace amounts of a prohibited substance metandienone,” a banned anabolic steroid. “I feel so wronged,” said Zhang, denying that Chinese swimmers engaged in doping. The 2022 case, reported by the Times earlier this week, involves a swimmer on the Chinese roster in Paris, according to the paper. Personally, I believe that seven doping tests in one day might have disrupted our Chinese swimming team,” Gao wrote on Weibo.

Persons: Zhang Yufei, Zhang, ”, WADA, CHINADA –, Travis Tygart, “, it’s, CHINADA, Pan, Jonathan Nackstrand, China’s Pan Zhanle, Gao Min, Qin Haiyang’s, ” Gao, Yu Liang, they’ve Organizations: Hong Kong CNN —, Paris Olympics, Tokyo, China’s, Doping Agency, Tokyo Games, New York Times, ARD, Times, CNN, Getty, Aquatics, Paris Olympic, ’, China national, commentors Locations: Hong Kong, China, United States, Australia, Beijing, Paris, AFP, Tokyo, Weibo, France

☆ Dozens of angry Chinese suppliers swarmed Temu's office, saying they're tired of giving Westerners refunds without returns
▼ + stars: | 2024-07-31 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

Read previewHundreds of people thronged the Guangzhou office of the e-commerce platform Temu in rallies this month, protesting fines and refund policies they said are destroying small merchants' profits. About 80 merchants gathered on Monday on the 30th floor of the Guangzhou office building, with some eventually gaining entry to the company premises, Chinese outlet Yicai reported. The China Securities Journal, a Beijing-based outlet run by state agency Xinhua, wrote that merchants had approached the Guangzhou office about 10 times in July over their complaints. On China's social media, anger is mounting toward what is being seen as Western shoppers taking advantage of Chinese merchants. "Foreigners can buy products from Chinese merchants, receive the goods, and not spend any money," wrote one blogger based in Hebei.

Persons: —, Temu Organizations: Service, PDD Holdings, Business, South China Morning, China Securities Journal, Xinhua Locations: Guangzhou, Temu, Beijing, Hebei, China

☆ China securities regulator promotes law enforcement chief to vice chair
▼ + stars: | 2024-07-31 | by ( ) www.cnbc.com time to read: +1 min

A China Securities Regulatory Commission sign is seen at the regulator's headquarters on November 16, 2020 in Beijing. China's securities regulator on Tuesday promoted its head of law enforcement to the role of vice chairman, underscoring Beijing's determination to tighten oversight of its $5.1 trillion stock market. Li Ming, chief of the enforcement bureau of the China Securities Regulatory Commission, will replace vice chairman Fang Xinghai, the CSRC said in a statement, citing a decision by China's State Council, or cabinet. The CSRC has pledged to regulate the market with "teeth and thorns" under chairman Wu Qing. Prior to the promotion, Li headed the enforcement bureau, which is responsible for probing illegal securities activities, handing criminal cases to the relevant authorities and facilitating cross-border investigations.

Persons: underscoring, Li Ming, Fang Xinghai, Fang, Xi Jinping, CSRC, Wu Qing, Li Organizations: China Securities Regulatory, China Securities Regulatory Commission, China's State Council, Reuters Locations: China, Beijing, Europe, United States

☆ A Chinese Olympic swimmer failed a doping test, but was given a pass after it got blamed on hamburgers: report
▼ + stars: | 2024-07-31 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewA Chinese swimmer competing in the Paris Olympics was cleared of doping accusations after authorities sourced the drugs back to a tainted burger, according to New York Times reporting. The case comes in the wake of earlier NYT reporting that 23 Chinese athletes had tested positive for another banned medication in 2021. They were ultimately cleared in a Chinada investigation that traced the problem back to a hotel kitchen; and they went on to compete. China has cleared athletes of doping charges at least three times in the past, the paper reported.

Persons: —, Tang Muhan, Junyi, Travis Tygart, WADA, Shelby Houlihan, Getty, Stephen McCarthy Houlihan, Tang, Chinada Organizations: Service, New York Times, Business, Doping Agency, International Testing Agency, Paris Olympics, Chinese Olympics Locations: Paris, Beijing, China, Tokyo

☆ TikTok-owner ByteDance's Singapore workers suffer mass food poisoning
▼ + stars: | 2024-07-31 | by ( Dylan Butts | ) www.cnbc.com time to read: +2 min

TikTok-owner ByteDance's office in Singapore was hit by mass food poisoning on Tuesday, affecting 60 people, according to local authorities. In a joint statement sent to CNBC, the Singapore Food Agency and Ministry of Health said they were investigating suspected gastroenteritis cases at the China-based tech giant's office. According to TikTok's website, Singapore is one of its headquarters and ByteDance CEO Shou Zi Chew is a third-generation Singaporean citizen. The U.S. government passed a bill in April that seeks to force the app's Chinese owner to sell it or face a ban. TikTok is now suing the U.S. government to stop enforcement of the bill arguing that it violates the law.

Persons: ByteDance, Shou Zi Chew Organizations: CNBC, Singapore Food Agency, Ministry of Health, The Straits Times, Singapore Civil Defence Force, CNA Locations: U.S, Singapore, China, The U.S

☆ Jim Cramer looks at forces working against the bulls, including China
▼ + stars: | 2024-07-30 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJim Cramer looks at forces working against the bulls, including China'Mad Money' host Jim Cramer looks at the state of the China trade on Wall Street right now.

Persons: Jim Cramer Locations: China

☆ If a company you own expanded heavily into China, it's getting killed right now, says Jim Cramer
▼ + stars: | 2024-07-30 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIf a company you own expanded heavily into China, it's getting killed right now, says Jim Cramer'Mad Money' host Jim Cramer looks at the state of the China trade on Wall Street right now.

Persons: it's, Jim Cramer Locations: China

☆ Strategist explains why he does not like investing in the China equity market
▼ + stars: | 2024-07-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStrategist explains why he does not like investing in the China equity marketBhaskar Laxminarayan of Bank Julius Baer says that while there are stock picking opportunities in China, equity investing is beyond "just having a good company and good profits"

Persons: Bhaskar, Bank Julius Baer Organizations: Bank Locations: China

☆ Chinese EV startups are spending more on research than Tesla is
▼ + stars: | 2024-07-25 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

CNBC | Evelyn ChengBEIJING – U.S.-listed Chinese electric car companies are spending more on research as a ratio to sales than Tesla , according to CNBC analysis of the four automakers' first-quarter earnings. Of the four U.S.-listed Chinese electric car companies, Nio ranked first, spending nearly 29% of revenue in the first three months of the year on research and development. He was referring to a popular term in China to describe fierce competition, especially in the electric car industry. She noted that can help Chinese electric car companies respond more quickly to customers and market needs than traditional automakers. Geely has also released an electric car architecture called SEA that it says allows for quicker production of different sized vehicles.

Persons: Evelyn Cheng, Paul Gong, Nio, Elon, Feng Shen, Shen, William Li, Li, Jing Yang, Zeekr's, Parent, Ren Xiangfei, Ren, Geely, Tesla, Taylor Ogan Organizations: CNBC, UBS, Elon Musk's, Ford Motor, China's Ministry of Industry, Information Technology, Fitch, China Passenger Car Association, Snow Bull, Tech Locations: Hefei, Evelyn Cheng BEIJING – U.S, U.S, China, Nio, Hefei city, Anhui, Shanghai, Asia, Pacific, Zhejiang province, Hong Kong, Shenzhen

☆ Elon Musk says he expects China to approve Full Self-Driving by the end of the year
▼ + stars: | 2024-07-24 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

Tesla China sales fell by 5.4% in the first half of the year, although the company retained third place in new energy vehicle sales, behind BYD and Geely, according to the China Passenger Car Association. BEIJING — Tesla CEO Elon Musk has again touted the impending rollout of advanced driver-assist software in China, after reporting another quarter of disappointing earnings. "Pretty soon, we will ask for regulatory approval of the Tesla-supervised FSD in Europe, China and other countries. China accounts for about 22% of Tesla's sales. Musk in April had said rollout to China "may be possible very soon," according to his response to a question on X.

Persons: Elon Musk, Musk Organizations: China Passenger Car Association, BEIJING —, Tesla, Beijing Locations: China, Europe, United States, Canada

☆ Opinion: China’s ‘monster’ ship is a sign of a much bigger problem
▼ + stars: | 2024-07-24 | by ( Opinion Richard Timme | ) edition.cnn.com time to read: +9 min

Editor’s Note: Rear Adm. Richard Timme retired from the US Coast Guard after 32 years of service. For the antithesis of this ethos, look directly at the China Coast Guard. It’s an homage, intended or not, to the nobility of purpose embodied in our coast guard. That is why I find the conduct of the China Coast Guard so jarring and disconcerting — such as attacking and destroying a Philippine resupply mission. Video Ad Feedback Shocking scenes as Filipino boats are targeted by the Chinese coast guard 03:04 - Source: CNNInstead of guarding, protecting, defending and saving, as a coast guard should do, the China Coast Guard is attacking, intimidating, violating and threatening its neighbors in the region.

Persons: Richard Timme, “ Gray, Adm, Samuel Paparo, Guard Cutter Healy, ’ EEZs, who’s Organizations: US Coast Guard, CNN, China Coast Guard, Guard, Navy, Mellon, Pacific, Center for Strategic, International Studies, CSIS, United Nations Convention, US Navy, Pacific Command, Arctic Council, Security, Polar, US, Coast Guard Locations: Philippine, China, Philippines, South, US, Richard Timme China, South China, People’s Republic, United States, Japan

☆ Asia markets open lower as traders assess Aussie business activity data, U.S. tech earnings
▼ + stars: | 2024-07-24 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets fell on Wednesday as traders assessed July business activity data from Australia, tech earnings from the U.S. and awaited Japan PMI readings. Late Tuesday, automaker Toyota said it will buyback 806.85 billion yen ($5.17 billion) of its shares from major Japanese banks and insurers, including Tokio Marine , Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group . Heavyweight Samsung Electronics plunged 1.8%, even as Reuters reported that chip giant Nvidia had cleared its chips for use in a processor for the China market. The South Korean electronics company is still grappling with a strike from its largest workers union, with talks on Tuesday yielding no results, according to the National Samsung Electronics Union, which has about 30,000 members. Hong Kong Hang Seng index futures were at 17,474, just marginally higher than the HSI's last close of 17,469.36.

Persons: Topix, Australia's Organizations: Sydney Opera House, Japan PMI, Nikkei, PMI, Toyota, Tokio Marine, Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group, Samsung Electronics, Reuters, Nvidia, National Samsung Electronics Union, Juno Bank . Hong Locations: Asia, Pacific, Australia, U.S, Japan, China, Korean, Juno Bank . Hong Kong

☆ China and Philippines already at odds over South China Sea deal to ease Second Thomas Shoal tensions
▼ + stars: | 2024-07-23 | by ( Kathleen Magramo | ) edition.cnn.com time to read: +7 min

The dilapidated BRP Sierra Madre ship of the Philippine Navy is anchored near Second Thomas Shoal in the Spratly group of islands in the South China Sea. Beijing claims “indisputable sovereignty” over almost all of the 1.3 million-square-mile South China Sea, and most of the islands and sandbars within it, including many features that are hundreds of miles from mainland China. Under President Ferdinand “Bongbong” Marcos Jr, the Philippines has taken increasingly assertive steps to protect its claim to shoals in the South China Sea, leading to several confrontations off the Philippine islands. The US is not a claimant to the South China Sea, but says the waters are crucial to its national interest of guaranteeing free passage through seas worldwide. A close up view taken on March 29, 2014 of the BRP Sierra Madre beached near the Second Thomas Shoal, part of the Spratly Islands in the South China Sea.

Persons: Hong Kong CNN —, Shoal, Ren’ai Jiao, ”, Mao Ning, pushback, Ritchie, Ferdinand “ Bongbong ” Marcos Jr, Marcos, Jake Sullivan, ” Sullivan, Thomas Shoal, Erik de Castro, Gregory Poling, “, ” Derek Grossman Organizations: Hong Kong CNN, BRP Sierra Madre, Foreign Ministry, The Philippine Department of Foreign Affairs, BRP, Philippine Navy, coastguard, US Navy, Aspen Security, US National, Reuters, Transparency Initiative, RAND Corporation Locations: Hong Kong, South, Manila, Beijing, Philippine, Spratly, Philippines, China, Palawan, Madre, South China, Second, The Philippines, Malaysia, Vietnam, Brunei, Taiwan, The Hague, Scarborough, BRP Sierra Madre, Washington, United States, Sierra Madre, BRP Sierra, Asia

☆ Nvidia preparing version of new flagship AI chip for Chinese market, Reuters reports
▼ + stars: | 2024-07-22 | by ( ) www.cnbc.com time to read: +3 min

Nvidia is working on a version of its new flagship AI chips for the China market that would be compatible with current U.S. export controls, four sources familiar with the matter said. The AI chip giant in March unveiled its "Blackwell" chip series, which is due to be mass-produced later in the year. A version of a chip from Nvidia's Blackwell series for the Chinese market would boost the U.S. firm's efforts to fend off those challenges. Expectations are high that the U.S. will continue to keep up the pressure on semiconductor-related export controls. The U.S. wants the Netherlands and Japan to further restrict chipmaking equipment to China, sources have said.

Persons: Blackwell, Inspur, Nvidia's Blackwell, Biden Organizations: MWC Shanghai, Nvidia, Reuters, Huawei, Bloomberg News Locations: Shanghai, China, Washington, U.S, Netherlands, Japan

Apple got a price target increase from Wells Fargo. As catalysts, Boss cited broad-based demand for Abercrombie, growth upside for Hollister and a ramp-up in Abercrombie's international brand momentum. Analyst James Faucette also lifted his price target to $175 from $154. Fidelity National Information Services stock closed at $75.25 on Friday afternoon, slightly below analyst James Faucette's $79 price target. — Lisa Kailai Han 5:51 a.m.: Wells Fargo raises Apple price target Wells Fargo is getting more bullish on Apple ahead of earnings.

Persons: Apple, Guggenheim, Fitch, Matthew Boss, Abercrombie, Boss, — Lisa Kailai Han, Morgan Stanley, James Faucette, Clover, Faucette, Raymond James, Estee Lauder, Olivia Tong, Tong, James Faucette's, Piper Sandler, Harsh Kumar, Kumar, NVDA, CrowdStrike, John DiFucci, DiFucci, Wells, Aaron Rakers, Fred Imbert Organizations: CNBC, Tech, Apple, JPMorgan, Abercrombie, Abercrombie & Fitch, Fitch, Fidelity National Information Services, Blackwell, Nvidia, Guggenheim, Apple Intelligence Locations: Wells Fargo, CrowdStrike, Hollister, Fiserv, U.S, China, CSPs

☆ Election Live Updates: Republicans Leave Convention Unified Around Trump
▼ + stars: | 2024-07-19 | by ( Jim Rutenberg | Adam Nagourney | ) www.nytimes.com time to read: +74 min

And there was great, great sorrow. They’re going to be OK. They’re going to be doing very well. Now he’s going to get on the plane in a little while and he’s going to go back home to his wife. Great, great student at Yale. So many — just so many heroes, so many great, great people.

Persons: Dana, Bob, ”, Lee, you’ll, it’s, didn’t, Nobody, “, I’m, Corey Comperatore, David Dutch, James Copenhaver, We’re, Corey, Helen ., David, James, Dan Newlin, Dan, Trump, —, Aileen Cannon, I’ve, Don, Kimberly, Ivanka, Jared, Eric, Lara, Tiffany, Michael, Barron, he’s, “ Dana won’t, That’s Lee Greenwood, … Eric, Crazy Nancy Pelosi, They’ve, Jason, Jason Aldean, Vance, Usha, He’s, He’ll, MAGA, ” MAGA, I’ll, you’re, nobody’s, We’ve, Somebody’s, they’re, It’s, can’t, We’ll, don’t, “ I’m, we’ll, Biden, They’re, that’s, you’ve, I’d, gee, You’d, That’s what’s, Donald Trump, That’s, There’s, Tom Homan, Brandon Judd, They’ll, Obama, They’d, “ You’ve, we’re, we’ve, Hannibal Lecter, Dwight D, Eisenhower, Jocelyn Nungaray, Rachel Morin, Rachel, Laken Riley, horrifically, Viktor Orban, what’s, Bush, it’ll, Kim Jung Un, Sam Brown, Sam, You’ve, Abdul, Don’t, You’re, Ronald Reagan, America’s, Franklin Graham, Franklin, Billy Graham, he’d, soldiered Organizations: of Pennsylvania, Secret Service, Service, Democrat, Republican Party, Republican, Democrats, America, Yale, ISIS, Space Force, Energy, Apple, Trump, Republican Senate, White, Republicans, United Auto Workers, Social Security, Border Patrol, ICE, ”, Lambs, University of Georgia, “, U.S, Senate, Washington, D.C, Yankee, Win Locations: America, United States, Butler Township, of, Pennsylvania, Florida, Ohio, Milwaukee, Wisconsin, Asia, Europe, Taiwan, Korea, Philippines, China, Russia, Ukraine, Israel, Iran, Germany, Mexico, Nevada, United States of America, There’s, South America, Africa, Middle East, Venezuela, Caracas, El Salvador, Houston, Los Angeles, Maryland, Hungary, “ Russia, Georgia, Crimea, Syria, Iraq, North Korea, Afghanistan, Bagram, Cuba, Miami, U.S.A, Wisconsin , Wisconsin, Washington, Japan, Delaware, Valley Forge, Yorktown, Gettysburg, Midway

☆ China's cooking oil scandal prompts residents to buy oil presses amid food safety concerns
▼ + stars: | 2024-07-19 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +3 min

They are turning to making their own oil by buying household oil press machines. a post on social media platform Xiaohongshu, captioning a video of a bottle of cooking oil, showcased locals' worries. China's authorities have launched an investigation into food safety concerns after domestic media revealed that a major state-owned company, Sinograin, had been using tankers that carry fuel to transport cooking oil. Be careful of 'Made in China' food products," Rein told CNBC's "Squawk Box Europe." "Illegal enterprises and relevant responsible persons will be severely punished in accordance with the law and will not be tolerated," China's Commission on Food Safety of the State Council said.

Persons: It's, Shaun Rein, Rein, CNBC's Organizations: Chinese Communist Party, Beijing, Private, Hopefull, Oil Group, Beijing News, China Market Research, Times Finance, Food, State Locations: China, China's Guangxi, Australia, Europe, Hong Kong

☆ Could a Trump-Vance win reshape America’s relationship with China – and Taiwan?
▼ + stars: | 2024-07-18 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +9 min

Vance was swift to name China the “biggest threat to our country,” in an interview with Fox News Monday as the RNC got underway. He’s made countering what Washington says is a security threat from China a cornerstone of his foreign policy, even as he’s worked to stabilize communications with Beijing. And Beijing – which is grappling with its own economic woes – may be preparing for more friction if Trump takes office. The substance of Biden’s China policy – in terms of sanctions, tariffs and competition – has not been that different from Trump’s, she noted, and Biden has been keener on strengthening alliances and coalitions to counter China together. “But the style of Biden’s China policy is more predictable and stabilizing.

Persons: Donald Trump, JD Vance, Vance, Joe Biden, “, ”, ” Vance, Trump, China –, That’s, ’ Vance, Sergey Lavrov, Vance doesn’t, Marco Rubio, Xi Jinping, He’s, he’s, ” Brian Wong, Qilai Shen, Biden, They’ve, Cho Jung, ” Cho, Yun Sun, –, keener Organizations: Hong Kong CNN, Republican, Republican National Convention, Chinese Communist Party, Foreign, Trump, NATO, Ukraine, Fox News, RNC, University of Hong Kong’s, Contemporary, of, People, Bloomberg, Getty, Communist Party, Bloomberg Businessweek, US, China’s Foreign Ministry, Stimson Center, World Trade Locations: Hong Kong, Ohio, Washington, China, Asia, Beijing, Europe, Ukraine, Russia, Russian, America, Florida, Contemporary China, Taiwan, Taipei, Taiwan Strait, Japan, South Korea, US

☆ Forget the Magnificent 7: UBS just refreshed its 'Super 8' list of global stock picks
▼ + stars: | 2024-07-16 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

But for those looking for alternatives, UBS has refreshed its list of "highest conviction and most investable" tech stocks in Asia. So far, UBS' Asian Super 8 has gained 8.3% since its inception in February, beating the 6.7% returned by the benchmark MSCI Asia-Pacific index. "We believe the valuation discount across the value chain in Asia's technology sector offers a defensive catch-up play for investors," UBS' analysts wrote. Tencent has been making headlines recently, with several analysts bullish, including Goldman Sachs , which included the stock in its conviction list. The company, which also goes by the name Foxconn, is expecting over 40% year-on-year growth in its AI server sub-segment this year, UBS' analysts noted.

Persons: Tencent, Goldman Sachs, Hon Hai Taiwan's, Hai, — CNBC's Michael Bloom Organizations: Apple, Microsoft, Nvidia, Tesla, UBS, Hong Kong Stock Exchange, U.S, Hai Precision Industry, Taiwan Stock Exchange, Lenovo Lenovo, Lenovo, Hong Kong Exchange Locations: Asia, China, U.S

☆ Taiwan’s Blunt-Talking Leader Faces China’s Backlash
▼ + stars: | 2024-07-16 | by ( Chris Buckley | Amy Chang Chien | ) www.nytimes.com time to read: +1 min

Chinese Coast Guard ships have sailed near Taiwan’s outer islands. When Lai Ching-te became Taiwan’s president in May, he vowed to stick with the China policies of his predecessor, Tsai Ing-wen. Ms. Tsai sought to avoid confrontation even as she defended Taiwan’s right to self-rule and rejected Beijing’s assertion of sovereignty. Yet Mr. Lai, while keeping Taiwan’s basic policy toward China unchanged, has been blunter in rebuffing its demands. Mr. Lai, who rose as a more plain-spoken politician, sees a need to more sharply lay out Taiwan’s separate status.

Persons: Lai Ching, Tsai Ing, Tsai, Lai, Ms . Tsai, “, ”, David Sacks Organizations: Coast Guard, Council, Foreign Relations Locations: China, Taiwan, Beijing, Taiwan’s, rebuffing, Asia

☆ Gold heads for record high close on view that Fed is poised to cut rates
▼ + stars: | 2024-07-16 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

An employee handles one kilogram gold bullions at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Gold prices advanced Tuesday, on track for a record close as rising expectations of a September interest rate cut bolstered demand for bullion. Gold futures advanced 0.6% to $2,443.80. According to UBS, central bank buying of bullion is the highest it's been since the late 1960s. The U.S.-listed shares of Harmony Gold and Gold Fields rose 6% and 4%, respectively.

Persons: Jerome Powell, Joni Teves, Teves, Gold Organizations: Co, Federal, U.S, greenback, UBS, Citi, Miners, Harmony Locations: Bangkok, Thailand, Ukraine, China, U.S

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