Why the U.S. Is Forcing TikTok to Be Sold or Banned: Lawmakers in numerous countries have expressed concerns that TikTok, which is owned by the Chinese company ...
nyti.ms/3vX3kVT
Quick Glance: Measures Against TikTok: Biden Sets Deadline for Sale
- President Biden has signed legislation requiring ByteDance to fully divest from TikTok within a year or potentially face a nationwide ban.
- This action poses a significant challenge to the future of the video-streaming app in the U.S. and escalates the technological conflict between America and China.
- TikTok plans to take legal action against the Biden administration, citing concerns that the law could impede the free speech of millions of Americans.
- This requirement was incorporated into a bill providing foreign aid for Israel, Ukraine, and Taiwan, mandating ByteDance to sell its stake in TikTok within 12 months under the threat of closure.
Banning TikTok would hit China’s tech ambitions and deepen the global digital divide
cnn.com/2024/04/24/tech/tiktok-ban-bytedance-split-the-world-further-intl-hnk/
Beijing auto show welcomes world as China's carmakers aim to conquer it: HONG KONG -- Beijing's premier automobile exhibition is back after a four-year ...
asia.nikkei.com/Business/Automobiles/Beijing-auto-show-welcomes-world-as-China-s-carmakers-aim-to-conquer-it
Xiaomi locks in over 75,000 orders for SU7 car, targets over 10,000 deliveries in June
reuters.com/business/autos-transportation/xiaomi-locks-over-75000-orders-su7-car-targets-over-10000-deliveries-june-2024-04-25/
Congress passes bill that could ban TikTok after years of false starts: Lawmakers sped a possible TikTok ban through Congress by tying it to a sprawling funding ...
washingtonpost.com/technology/2024/04/23/tiktok-ban-senate-vote-sale-biden/
Quick Glance: San Francisco's Real Estate Market in Turmoil
- The city of San Francisco, once seen as the shining star of the West Coast, is now on the verge of collapse, with seemingly no one raising the alarm.
- In particular, the city's housing market has been severely impacted over the past year, with prices plummeting and homeowners fleeing en masse.
- Jamie Dimon, CEO of JPMorgan Chase, did not hold back in his comparison of San Francisco's issues to those of New York City, stating that the Bay Area is 'in far worse shape.'
- San Francisco is failing in all aspects, leading to a quiet collapse of its housing market, where once luxurious properties are now being offered at significant discounts.
Xiaomi locks in over 75,000 orders for SU7 car, targets over 10,000 deliveries in June
reut.rs/3xPcmEO
Viral Finish, Cheating Rumors at Beijing Half Marathon Make ‘Mockery’ of Chinese Running
time.com/6967306/beijing-half-marathon-cheating-investigation-he-running-pacers/
Quick Glance: Investigation Launched After Beijing Half Marathon Finish
- Following the finish of the Beijing Half Marathon, the results are now under scrutiny due to the peculiar behavior displayed by three runners from Kenya and Ethiopia.
- A Chinese runner overtook the others, as seen in a recorded livestream of the Beijing Half Marathon. The remaining three runners - Willy Mnangat and Robert Keter from Kenya, and Dejene Hailu from Ethiopia - followed closely behind, with He claiming the first place.
- The organizers of the half-marathon are currently examining the results after a video of the finish circulated online, prompting many to question the intention of the three African runners to slow down.
- The winner secured the first place with a time of 1 hour 3 minutes 44 seconds. Mnangat, Keter, and Hailu shared the second place, one second later.
President Joe Biden signed a bill into law that bans TikTok in the US if its owner, the Chinese tech firm ByteDance, fails to divest the popular short video ... Show more #Reuters #video #news #TikTok #ByteDance #trends #JoeBiden #2024election #China #trade #business
Quick Glance: Supreme Court Divided on Emergency Abortion Access: Highlights
- The Supreme Court seems divided on access to emergency abortions in states with near-total bans.
- The 1986 Emergency Medical Treatment and Labor Act could impact abortion access in emergencies.
- The debate raises questions about fetal personhood and abortion rights conflict.
- The court's decision could affect abortion access in 14 states with strict abortion bans.
Reuters World News: Trump's foreign courters, and other top stories: The US Senate approves a bill to ban TikTok unless it’s sold by its Chinese owner ByteDance.
reuters.com/podcasts/podcast-tiktok-countdown-trumps-foreign-courters-boeing-plastic-divide-2024-04-24/
Quick Glance: Overview: Tesla Stocks Plummet, Europe Business Surpasses Expectations
- World markets have brightened slightly this week, but Tesla is facing a critical earnings test, while Europe's business pulse has surprisingly been lively this month.
- Following the worst week on Wall Street since 2022, relief from easing Middle East tensions helped stabilize the situation on Monday. The chip giant Nvidia made a modest recovery from losses as Big Tech megacaps gear up for quarterly earnings releases.
- As the first of the 'Magnificent 7' Vanguard stocks, electric vehicle giant Tesla will report on Tuesday, having plummeted by a substantial 43% year-to-date and nearly 60% over the past two years amidst fierce price competition, declining EV demand, and governance/product concerns.
- While Big Tech jitters define this month's market fluctuations, investors will closely watch the upcoming results for a clearer perspective.
Chinese Banks Hold Lending Rates With Yuan Under Pressure: Banks in China maintained their benchmark lending rates on Monday, following the Chinese central ...
bloomberg.com/news/articles/2024-04-22/chinese-banks-hold-lending-rates-with-yuan-under-pressure
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Volkswagen aims to keep China market share stable as price war rages: Volkswagen aims to keep its Chinese market share roughly stable until the end of the decade ...
reuters.com/business/autos-transportation/volkswagen-aims-maintain-15-market-share-china-2030-country-chief-says-2024-04-24/
China's Xiaomi jumps into EV market battle with gusto
Smartphone maker hopes to turn 'Apple Car' idea into reality: asia.nikkei.com/Business/Automobiles/China-s-Xiaomi-jumps-into-EV-market-battle-with-gusto
Quick Glance: Xiaomi's Entry into the EV Market Battle
- Xiaomi's new SU7 model EV offers performance equal to or better than that of their much pricier American and European competitors.
- Xiaomi, one of the world's largest smartphone makers, has entered the electric vehicle market, releasing a model that is priced at less than half of EVs offered by Tesla from the U.S. and Porsche from Germany, despite offering better performance than these prestigious brands.
- Xiaomi CEO Lei Jun passionately discussed his company's first EV, the SU7, unveiling the price of the sporty vehicle and technical specifications that surpass the American and German cars.
- The Xiaomi presentation in Beijing on March 28 lasted three hours, with the climax near the end when the price of the vehicle was displayed on screen, prompting applause from the audience.
China recently obtained Nvidia's artificial intelligence chips through resellers, @Reuters research has shown. Universities and research institutes got hold of ... Show more www.reuters.com/world/china/china-acquired-recently-banned-nvidia-chips-super-micro-dell-servers-tenders-2024-04-23/
Quick Glance: China Acquires Banned Nvidia Chips in Super Micro, Dell Servers
- Chinese universities obtained Nvidia chips through third parties despite ban
- Tenders reveal acquisition of advanced chips in server products
- Sales by unknown Chinese retailers bypass U.S. regulations
- Tenders demonstrate China's access to advanced technology, potential export control violations
Beijing half marathon: Top three stripped of medals after investigation: The top three finishers of the Beijing half marathon are stripped of their medals after ...
bbc.com/sport/athletics/68853295
Quick Glance: Scandal at Beijing Half Marathon: 4 Runners Disqualified
- Following an unusual finish at the Beijing Half Marathon, the top finishers were disqualified as three runners from Africa seemingly made way for a Chinese competitor to win.
- The finish line incident caused a commotion, prompting questions about why the three other runners appeared to yield the victory to He.
- Subsequent to the investigation, all four runners were disqualified for the pacemakers deliberately slowing down in the final two kilometers of the race, aiding He's victory.
- Confirmation was provided by the organizers that although Xtep invited Mnangat, Keter, and Hailu as pacemakers, they were mistakenly registered as ordinary competitors.
Blinken to meet businesses in Shanghai as he kicks off a tough China trip: U.S. Secretary of State Antony Blinken will meet business leaders in Shanghai on ...
reuters.com/world/blinken-meet-businesses-shanghai-he-kicks-off-tough-china-trip-2024-04-25/
The relationships between AfD politicians and China and Russia are close. It is therefore implausible to pretend to be clueless when it comes to suspicions of ... Show more taz.de/AfD-Mitarbeiter-wegen-Spionage-verhaftet/!6003400/
Quick Glance: Investigation of Possible Payments from China and Russia to Maximilian Krah
- The General Prosecutor's Office in Dresden has officially initiated investigations against Maximilian Krah due to potential financial flows from Russian and Chinese sources.
- The AfD lead candidate for the European Parliament elections, Maximilian Krah, is the subject of two preliminary investigations at the General Prosecutor's Office in Dresden.
- Towards the end of last year, Krah was questioned by the FBI about possible payments from Kremlin-related sources, allegedly carrying a four-digit sum of money at that time.
- On Monday evening, German authorities arrested Jian G., a close associate of Krah, who is suspected of spying for the Chinese intelligence service in Germany.
Reuters World News: Trump's foreign courters, and other top stories: The US Senate approves a bill to ban TikTok unless it’s sold by its Chinese owner ByteDance.
reut.rs/3Qjjfo7
Global plastic treaty talks are happening. What do stakeholders want?: Global leaders will gather in Canada's capital this week to discuss progress in drafting a ...
reuters.com/sustainability/climate-energy/what-do-countries-companies-want-global-plastic-treaty-talks-2024-04-22/
China's Li Auto cuts car prices in market share battle: Chinese automaker Li Auto on Monday cut prices by around 5% on four of its five models and said it would ...
reuters.com/business/autos-transportation/chinas-li-auto-cuts-car-prices-market-share-battle-2024-04-22/
China’s Solar Surge Is Making a Missing Power Data Problem Worse: The boom in renewable energy installations in China is exacerbating a problem measuring power ...
bloomberg.com/news/articles/2024-04-18/china-s-solar-surge-is-making-a-missing-power-data-problem-worse
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🔊 The US Senate passes a bill to force TikTok's Chinese owner ByteDance to sell it or face a ban. Find out the latest on the Reuters World News podcast
reut.rs/4ddKPNn
Senators hope TikTok will remain in business in US under new owner: Two U.S. senators said they hope TikTok will remain in business in the U.S ...
reuters.com/world/us/senators-hope-tiktok-will-remain-business-us-under-new-owner-2024-04-23/
TikTok Risks Fines as EU Issues Ultimatum Over App Launch: The European Union opened a new probe Monday into whether ByteDance Ltd. violated the bloc’s new ...
bloomberg.com/news/articles/2024-04-22/tiktok-risks-fines-as-eu-issues-ultimatum-over-app-launch
Beijing Xinzhida Neurotechnology, a Chinese state-backed company, unveiled a brain chip similar to the technology developed by Elon Musk's startup Neuralink
reut.rs/4aPv2Tk
Cases of suspected Chinese espionage in Europe: The arrest in Germany of a European Parliament aide on suspicion of "especially severe" espionage for China is ...
reuters.com/world/europe/cases-suspected-chinese-espionage-europe-2024-04-23/
China Drains Cash From Banking System Amid Yuan (CNY USD) Pressures: China withdrew cash from the banking system for a second consecutive month ...
bloomberg.com/news/articles/2024-04-15/china-drains-cash-via-mlf-for-second-month-amid-yuan-concern
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BYD unveils third ultra-luxury model under Yangwang brand: Chinese electric vehicle maker BYD unveiled the U7, its third ultra-luxury model under the Yangwang ...
reuters.com/business/autos-transportation/byd-unveils-third-ultra-luxury-model-under-yangwang-brand-2024-04-25/
China Car Show Latest: Cutthroat Market, Expansion Plans: Slowing demand for electric vehicles, heightened trade tensions and questions about whether Western ...
bloomberg.com/news/articles/2024-04-25/china-car-show-latest-flashy-models-rolled-out-to-win-customers
No Substitute for Victory: America’s Competition With China Must Be Won, Not Managed
foreignaffairs.com/united-states/no-substitute-victory-pottinger-gallagher
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China’s Alternative Order: And What America Should Learn From It: And what America should learn from it.
foreignaffairs.com/china/chinas-alternative-order-xi-jinping-elizabeth-economy
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China's EV survival game creates peril - and power: By most measures, the last thing China needs is more electric cars crowding a market with more losers than ...
reuters.com/world/china/chinas-ev-survival-game-creates-peril-power-2024-04-24/
In China, Blinken Tries to Fix the Unfixable: U.S. Secretary of State Antony Blinken has put on a friendly face during his visit to Shanghai ...
time.com/6970865/antony-blinken-us-china-relations-shanghai-beijing-visit/
Quick Glance: Deep Disagreements Despite Improved US-China Relations
- US Secretary of State Antony Blinken arrives in Shanghai to engage with his Chinese counterparts.
- Although US-China ties are on a steadier footing, numerous unresolved issues persist.
- Topics such as trade, military communication, and tensions in Taiwan strain relations.
- The US threatens sanctions against Chinese firms supporting Russia in the Ukraine conflict.
China stands by economic data, says defence spending 'transparent': China defended the veracity of its economic numbers and asserted its military spending was ...
reuters.com/world/china-stands-by-economic-data-says-defence-spending-transparent-2024-04-25/
LVMH's Arnault Has Hopes Xi Visit Will Smooth Paris-Beijing Trade Relations: Billionaire Bernard Arnault said he hopes a planned visit to France next month ...
bloomberg.com/news/articles/2024-04-18/arnault-says-he-hopes-tensions-with-china-on-luxury-quiet-down
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China Loosens Grip on Yuan by Weakening Fix Amid Dollar Strength: China unexpectedly weakened its yuan defense as pressure from a resurgent dollar and poor ...
bloomberg.com/news/articles/2024-04-16/china-loosens-grip-on-yuan-by-weakening-fixing-as-dollar-gains
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Apple loses smartphone crown to Samsung as Chinese rivals gain ground: iPhone sales fall 10 per cent in first quarter of 2024 while groups including Xiaomi and ...
ft.com/content/2c13254b-9995-4408-b02b-6f07ce706b8e
Quick Glance: Samsung Takes Smartphone Crown from Apple
- Apple loses top position in the global smartphone market to Samsung as Chinese competitors gain traction.
- Samsung regains its status as the world's largest smartphone manufacturer in the first quarter of 2024, just three months after Apple claimed the top spot.
- The market's strongest growth comes from two Chinese manufacturers, while Apple continues to face challenges in the world's largest smartphone market.
- Despite an overall increase in global smartphone shipments, Apple experiences a decline in iPhone sales in China and misses out on much of the broader industry recovery.
China’s GDP jumps 5.3% in first quarter: Growth rate beats expectations as Beijing tries to steer manufacturing-led economic revival
ft.com/content/211467a7-5f5f-4cc7-b6fd-cd4a34eb582e
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Xiaomi says sales of its electric car 3-5 times higher than expected: Sales of Chinese smartphone maker Xiaomi's first electric car have been 3-5 times higher ...
reuters.com/business/autos-transportation/xiaomi-says-sales-its-new-ev-have-been-3-5-times-higher-than-expected-2024-04-18/
Foreign Investment in China Falls With Cloud Over Growth Outlook: Foreign investment into China slowed for a third straight month in March compared to the same ...
bloomberg.com/news/articles/2024-04-19/foreign-investment-in-china-falls-with-cloud-over-growth-outlook
TikTok’s Origin Story: Court Files Show Role of GOP Megadonor Jeff Yass: Court records, mistakenly made public, tell a story about the birth of ByteDance ...
nytimes.com/2024/04/18/business/tiktok-bytedance-jeff-yass.html
Samsung retakes spot as top-selling phonemaker over Apple: Samsung ranked as the top seller among smartphone manufacturers in the first quarter, edging out Apple ...
thehill.com/business/4594854-samsung-retakes-spot-as-top-selling-phonemaker-over-apple/
Quick Glance: iPhone sales plummet. Here's why
- Apple’s smartphone sales dropped by 10% last quarter, primarily due to a sharp decline in sales in China.
- Samsung had been the top smartphone manufacturer for 12 years, but Apple briefly took the top spot last year.
- The global smartphone market is showing signs of recovery with a 7.8% increase in smartphone shipments in the first quarter of 2024.
- Despite expectations for Apple and Samsung to maintain their market dominance, the rise of Huawei and other Chinese manufacturers like Xiaomi and OPPO/OnePlus may continue.
Exclusive: China's Sinopec charts global expansion with refinery in rival India's backyard
reuters.com/markets/commodities/chinas-sinopec-charts-global-expansion-with-refinery-rival-indias-backyard-2024-04-25/
To beat China EVs, Honda supplier and ArcelorMittal look beyond gigacasting: TOKYO -- Honda Motor group supplier G-Tekt will partner with global steelmaking ...
asia.nikkei.com/Business/Automobiles/To-beat-China-EVs-Honda-supplier-and-ArcelorMittal-look-beyond-gigacasting
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Apple's (AAPL) IPhone Sales in China Falls to Worst Level Since 2020: Apple Inc.’s iPhone sales in China fell 19% during the March quarter ...
bloomberg.com/news/articles/2024-04-23/apple-s-china-iphone-sales-dive-19-in-worst-quarter-since-2020
China Braces for Worst as It Becomes Punching Bag in US Election: With Beijing already becoming a top target in the US election campaign, President Xi Jinping’s ...
bloomberg.com/news/articles/2024-04-21/china-braces-for-worst-as-it-becomes-punching-bag-in-us-election
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Quick Glance: China Gears Up for Worst Amid US Election Focus
- Beijing becomes a top target in the US election campaign, prompting a measured response from China.
- China responds moderately to US actions such as symbolic tariffs and investigations.
- Emphasis on the importance of US relationship and reliance on American consumer.
- Efforts to stabilize US-China ties amidst election rhetoric and tensions.
Where king dollar is causing pain the most: A dollar surge propelled by a strong economy, sticky inflation and geopolitical tensions have unnerved policymakers ...
reut.rs/4b6jIC7
China's largest auto show showcases all-electric future, local brands dominate: China's largest auto show opened in Beijing on Thursday with the biggest names ...
reuters.com/business/autos-transportation/chinas-largest-auto-show-showcases-all-electric-future-local-brands-dominate-2024-04-25/
BNP Paribas Hires 30 for China Securities Business After Exit 17 Years Ago: BNP Paribas SA has hired close to 30 people to launch its securities operation in ...
bloomberg.com/news/articles/2024-04-22/bnp-paribas-hires-30-for-china-securities-business
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Tesla cuts prices in China, Germany and around globe after US cuts: Tesla has cut prices in a number of its major markets, including China and Germany ...
reuters.com/business/autos-transportation/tesla-cuts-prices-across-its-line-up-china-2024-04-21/
Quick Glance: Tesla responds to declining sales with global price reductions
- Tesla has lowered prices in various key markets, including China and Germany, to address the declining sales and increasing price competition for electric vehicles.
- The recent price reductions come in light of a decrease in Tesla's global vehicle deliveries in the first quarter, marking the first time in nearly four years.
- The starting price of the revamped Model 3 in China was reduced by 14,000 yuan to 231,900 yuan. Similarly, in Germany, the price of the rear-wheel-drive Model 3 was decreased from 42,990 euros to 40,990 euros.
- In addition to the mentioned price cuts, there were reductions in many other countries across Europe, the Middle East, and Africa. Prices for the Model Y, Model X, and Model S vehicles in the US were decreased by $2,000. Moreover, Tesla slashed the price of its Full Self-Driving Software in the US from $12,000 to $8,000.
Hong Kong, China and a footballing dilemma: Hong Kong, China and a footballing dilemma
bbc.com/sport/football/articles/c9ezpy0ryk0o
China Set to Keep Key Rate, Liquidity Steady to Cement Recovery: China may hold a key interest rate and make liquidity abundant this week when a policy loan ...
bloomberg.com/news/articles/2024-04-14/china-set-to-keep-key-rate-liquidity-steady-to-cement-recovery
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A Trove of ByteDance Records Mistakenly Went Public. Here’s What They Say.: The records briefly surfaced in a lawsuit involving the Republican megadonor Jeff ...
nyti.ms/3vO6PxL
China Asks Telecom Carriers to Drop Foreign Chips, WSJ Says: Beijing has ordered telecom carriers like China Mobile Ltd. to replace foreign chips in their core ...
bloomberg.com/news/articles/2024-04-12/china-asks-telecom-carriers-to-replace-foreign-chips-wsj-says
China Ramps Up Scrutiny of Illegal Bond Trading on Bubble Risks: China is looking into potentially illegal bond trading behavior by some financial firms ...
bloomberg.com/news/articles/2024-04-15/china-ramps-up-scrutiny-of-illegal-bond-trading-on-bubble-risks
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Mercedes says it will continue to invest in China tie-ups: Mercedes Benz's China chief said on Thursday the company would continue to invest in tie-ups with ...
reuters.com/business/autos-transportation/mercedes-benz-shows-off-electric-line-up-beijing-autoshow-not-giving-up-2024-04-25/
Chinese companies use U.S. chips from Intel and AMD — and China would like them to stop
qz.com/china-tells-telecom-companies-stop-using-american-chips-1851405722
China's Xiaomi is selling more EVs than expected, raising hopes it can break even sooner
cnbc.com/2024/04/24/chinas-xiaomi-is-selling-so-many-electric-cars-its-closer-to-breaking-even.html
Is China’s Economy Finally Sprouting Green Shoots?: Hello, this is Allen Wan in Shanghai.
bloomberg.com/news/newsletters/2024-04-12/is-china-s-economy-finally-sprouting-green-shoots
Tesla to lay off more than 10% of staff globally as sales fall: Tesla will lay off more than 10 per cent of its global workforce, an internal memo seen by ...
channelnewsasia.com/business/tesla-layoffs-shares-fall-sales-slowdown-china-price-war-byd-xiaomi-4266676
Mideast Crisis Jumps Up EU Agenda in Bid to Avert Wider War: Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the ...
bloomberg.com/news/newsletters/2024-04-15/mideast-crisis-jumps-up-eu-agenda-in-bid-to-avert-wider-war
Chinese online retailer global.jd.com/ is turning to a digital avatar of its founder, Richard Liu, to host live sales as it fights to compete in the nation's thriving ... Show more asia.nikkei.com/Business/Technology/JD.com-enlists-digital-Richard-Liu-avatar-in-live-commerce-battle
Apple iPhone sales drop 19% in China as demand for Huawei smartphones soars, research says
cnbc.com/2024/04/23/apple-iphone-sales-drop-19percent-in-china-as-huawei-demand-soars-counterpoint.html
Looking for a new job? Haidilao is hiring a private tutor, offers pay of at least $4,500
asiaone.com/lifestyle/looking-new-job-haidilao-hiring-private-tutor-offers-pay-least-4500
US Firms Still Cautious About Investing in China, AmCham Says: US companies are wary about investing in China because of policy unpredictability ...
bloomberg.com/news/articles/2024-04-23/us-firms-still-cautious-about-investing-in-china-amcham-says
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“They are cheating”: US President Biden wants to increase tariffs on Chinese steel
spiegel.de/wirtschaft/unternehmen/dumpingvorwuerfe-an-china-us-praesident-joe-biden-will-zoelle-auf-stahl-erhoehen-a-19a45d4c-627a-453c-9413-ec63e1d619d2
EU Gets Tougher With China After Being Played : Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the European ...
bloomberg.com/news/newsletters/2024-04-16/eu-gets-tougher-with-china-after-being-played
Upcoming China train station looks like a sanitary pad, say netizens: The design was approved by the the government in Jiangsu province and the China Railway ...
straitstimes.com/asia/east-asia/upcoming-china-train-station-looks-like-a-sanitary-pad-say-netizens
Japan Inc makes a renewed U.S. push as China fears mount: Japanese companies are increasingly hitching their growth plans to the United States ...
reut.rs/3W1uhlO
Huawei expands EV self-driving tech as Xiaomi brings new competition: China's Huawei Technologies is putting its self-driving technology into a wider range ...
asia.nikkei.com/Spotlight/Electric-cars-in-China/Huawei-expands-EV-self-driving-tech-as-Xiaomi-brings-new-competition
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Beijing powers up into car wars battleground: The Beijing Auto Show, the first since the pandemic, will be a battleground. Foreign automakers from Tesla to ...
reuters.com/breakingviews/beijing-powers-up-into-car-wars-battleground-2024-04-24/
ADB Says Developing Asia Set for Growth as China’s Economy Slows: Much of developing Asia outside of China is poised for expansion in the next two years as ...
bloomberg.com/news/articles/2024-04-11/adb-says-developing-asia-set-for-growth-as-china-s-economy-slows
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Quick Glance: ADB Forecasts Developing Asia Growth at 4.9% in 2024, Risks Persist
- ADB raised its growth forecast for Developing Asia to 4.9% in 2024, highlighting ongoing challenges like escalating geopolitical tensions.
- China remains a concern for regional growth due to a prolonged property crisis and other issues.
- The ADB predicts regional inflation to decrease to 3.0% by 2025.
- Detailed GDP growth and inflation forecasts for various Asian countries were also provided.
Tesla price cuts in China spark wider EV discounts: SHANGHAI -- Tesla and Chinese electric vehicle startup Li Auto have announced the latest discounts for ...
asia.nikkei.com/Spotlight/Electric-cars-in-China/Tesla-price-cuts-in-China-spark-wider-EV-discounts
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China’s Credit Expansion Keeps Slowing as Loans Disappoint: China’s credit expansion continued to slow in March and banks extended less loans than expected ...
bloomberg.com/news/articles/2024-04-12/china-s-credit-expansion-beats-expectations-in-march
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If Apple loses against China so will the West: According to figures out on Monday, Apple is no longer the world’s biggest manufacturer of smartphones after a ...
spectator.co.uk/article/if-apple-loses-against-china-so-will-the-west/
Is the US banning TikTok? What the sell-or-ban bill just passed by Congress means for you.
usatoday.com/story/money/2024/04/19/tiktok-ban-bill-law/73377253007/
VW, BMW Out to Prove They’re Not a Spent Force at China Car Show: Germany’s leading automakers from Volkswagen AG to BMW AG are attempting to mount a comeback in ...
bloomberg.com/news/articles/2024-04-23/vw-bmw-out-to-prove-they-re-not-a-spent-force-at-china-car-show
Exclusive: China's CNOOC stockpiles Russian oil at new reserve base, traders, tanker trackers say
reuters.com/business/energy/chinas-cnooc-stockpiles-russian-oil-new-reserve-base-traders-tanker-trackers-say-2024-04-15/
Car giants vie for EV crown at Beijing's Auto China show: BEIJING: Chinese car giants locked in a cut-throat price war descend on the capital for the start of ...
channelnewsasia.com/business/car-giants-ev-beijing-auto-china-show-tesla-xiaomi-4290476
Apple Says It Was Ordered to Pull WhatsApp From China App Store: Apple said it removed WhatsApp and Threads in its China app offerings Friday on Beijing’s orders ...
nyti.ms/448ZJ3E
Quick Glance: Apple removes WhatsApp and Threads in China
- Apple removes Meta-owned apps under Chinese government pressure.
- Apps delisted due to 'national security concerns'.
- Chinese users now unable to download Western social media apps.
- Apple faces declining iPhone sales in China despite branding efforts.
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