Tag: China
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China lashes out at G7 over statements on maritime security
Read Latest News Chinese national flags flutter on boats near shipping containers at the Yangshan Port outside Shanghai, China, February 7, 2025. Go Nakamura | Reuters Chinese national flags flutter on boats near shipping containers at the Yangshan Port outside Shanghai, China, February 7, 2025. Go Nakamura | Reuters China has lashed out at accusations…
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China Backs Iran in Nuclear Talks, Slams ‘Threat of Force’ From the West
Read Latest News By working with Russia to hold talks with Iran, China is conveying a contrast with the United States in its approach to resolving the nuclear issue, said Shen Dingli, a professor of international relations at Fudan University in Shanghai. Beijing wants to show that “while the United States irresponsibly pulls out of…
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China Condemns CK Hutchison-BlackRock Panama Canal Deal
Read Latest News The Chinese government has strongly criticized a planned deal by a Hong Kong conglomerate to sell ports in Panama and elsewhere to an investment group led by an American asset manager, warning that the deal would deprive China of needed influence over key shipping routes. The criticism marks an abrupt shift in…
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China, Iran, Russia kick off talks in Beijing on Iran’s nuclear issues
Read Latest News A picture taken on November 10, 2019, shows an Iranian flag in Iran’s Bushehr nuclear power plant, during an official ceremony to kick-start works on a second reactor at the facility. ATTA KENARE | AFP via Getty Images Senior diplomats from Iran, Russia and China gathered in Beijing on Friday for talks…
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Europe telcos urge more mega-mergers to catch up to US, China on 5G
Read Latest News The Deutsche Telekom pavilion at Mobile World Congress in Barcelona, Spain. Angel Garcia | Bloomberg | Getty Images BARCELONA — Europe’s telecommunication firms are ramping up calls for more industry consolidation to help the region compete more effectively with superpowers like the U.S. and China on key technologies like 5G and artificial…
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Trump tariffs may push U.S. allies toward countries like China, India
Read Latest News U.S. President Donald Trump listens as Indian Prime Minister Narendra Modi speaks during a joint press conference in the East Room at the White House on February 13, 2025 in Washington, DC. Alex Wong | Getty Images News | Getty Images Tariffs from U.S. President Donald Trump could push allies to forge…
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Why China Is Worried About Trump’s Tariffs on Mexico
Read Latest News Officials in Beijing are increasingly worried that President Trump’s tariffs on Mexico may be the start of a broad campaign to force developing countries around the world to choose between trade with the United States or with China. Ever since Mr. Trump imposed extensive tariffs on goods from China during his first…
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A Timeline of Trump’s Tariff Fight With Canada, Mexico, China and the E.U.
Read Latest News President Trump has called the word tariff “the most beautiful word in the dictionary.” He imposed hefty tariffs during his first term and promised expansive new ones as he pursued his second. On his first day back in the White House in January, he issued an executive order directing his cabinet picks…
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China Cools on Musk: ‘Two Cars for the Price of One Tesla’
Read Latest News Tesla is getting crushed in China, its most important market outside the United States and one that it had dominated for years. When Liu Jie, 32, decided to buy an electric car in October, Tesla was one of her top choices. But after test-driving a few Chinese cars, she went with a…
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Trump might be willing to do a ‘big trade deal’ with China: Mahbubani
Read Latest News Kishore Mahbubani, former Singapore ambassador to the United Nations and David Adelman, former U.S. ambassador to Singapore, at CNBC’s CONVERGE LIVE on Thursday, March 13, Singapore. CNBC While U.S. President Donald Trump is in theory “very negative on China,” in practice, he may be willing to do “a big trade deal” with…
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China says it’s willing to cooperate with the U.S. on fentanyl
Read Latest News China’s and U.S.’ flags are seen printed on paper in this illustration taken January 27, 2022. Dado Ruvic | Reuters BEIJING — China is willing to do more to address White House concerns about illicit fentanyl trade, but it will be “a different thing” if ongoing debate over the drug facilitates more…
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NBA Stars Like Jalen Brunson Enlist Social Media Surrogates to Expand Reach in China
Read Latest News Jalen Brunson first experienced the fervor of the N.B.A.’s biggest international market in 2018 when, as a rookie, he traveled with the Dallas Mavericks to China for a pair of preseason games. The trip itself was brief, but the reception that Mr. Brunson and his teammates received left a lasting impression. “The…
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Republicans Quietly Move to Relinquish Power to Undo Trump’s Tariffs on Canada, Mexico and China
Read Latest News House Republican leaders on Tuesday quietly moved to shield their members from having to vote on whether to end President Trump’s tariffs on Mexico, Canada and China, tucking language into a procedural measure that effectively removed their chamber’s ability to undo the levies. The maneuver was a tacit acknowledgment of how politically…
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Trump pursues new trade war on seas, targeting China containerships
Read Latest News A U.S. government pushback against China’s growing dominance in the shipbuilding industry that began under President Biden is being escalated by the Trump administration, with the world’s largest ocean freight companies facing the threat of fines of up to $1.5 million for Chinese-made ships that call on U.S. ports. In recent years,…
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Goldman Sachs upgrades this medtech stock, citing an improvement in China sales
Read Latest News Goldman Sachs is turning bullish on GE HealthCare as the outlook on the Chinese market improves. Analyst David Roman upgraded shares of the medical technology stock to buy from neutral and hiked his price target by $15 to $100. Roman’s refreshed target for shares implies an advance of 17.2% above Monday’s closing…
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China bond yields jump to three-month highs as investors pare rate cut expectations
Read Latest News The People’s Bank of China (PBOC) building in Beijing, China, on Friday, Nov. 8, 2024. Bloomberg | Getty Images China’s sovereign bond prices fell Monday, pushing yields to their highest levels this year, as investors trimmed holdings on bets that additional fiscal spending will boost growth and push back interest rate cuts.…
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China needs to boost its tech sector more than ever. How to play it
Read Latest News Chinese tech companies raced to launch new products in a week that saw Beijing double down on its calls to support artificial intelligence. An obscure Chinese startup that goes by the name Monica on Wednesday announced an invite-only AI application called Manus that claims to streamline analysis of resumes and financial information…
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China consumer price index drops below zero in February
Read Latest News Aerial view of self-propelled jack-up wind power installation platform “Huaxia Honghu 01” after being delivered at CIMC Raffles’ Yantai construction base on March 6, 2025 in Yantai, Shandong Province of China. Vcg | Visual China Group | Getty Images China’s national consumer price index (CPI) in February fell into negative territory for…
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China to slap retaliatory tariffs on some Canadian products
Read Latest News Containers at the Port of Vancouver in Vancouver, British Columbia, Canada, Feb. 28, 2025. Ethan Cairns/Bloomberg via Getty Images China on Saturday announced retaliatory tariffs on some Canadian agricultural goods, hitting back after Ottawa slapped import duties on Chinese-made electric vehicles and steel and aluminum products. Beijing said a 100% tariff would…
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China Hits Canada With Tariffs in Indirect Riposte to Trump
Read Latest News China announced tariffs of up to 100 percent on canola, pork and other foods from Canada on Saturday, in retaliation for Canada’s decision last August to collect steep taxes on imports of Chinese electric vehicles, steel and aluminum. The Chinese tariffs, which take effect on March 20, were also a clear warning…
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U.S. Judge Finds China Liable for Covid Missteps, Imposes $24 Billion Penalty
Read Latest News A federal judge in Missouri found the Chinese government responsible for covering up the start of the Covid-19 pandemic and hoarding protective equipment in a ruling on Friday. He entered a judgment of more than $24 billion that Missouri officials vowed to enforce by seizing Chinese assets. The lawsuit, filed by the…
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China calls for peaceful coexistence with the U.S. despite differences
Read Latest News Chinese Minister of Foreign Affairs Wang Yi speaks during the 2023 Munich Security Conference in Germany on February 18, 2023. Johannes Simon | Getty Images News | Getty Images BEIJING — China’s Minister of Foreign Affairs Wang Yi struck a more conciliatory tone on U.S. relations during a high-profile press conference on…
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China has room to act on fiscal policy amid uncertainties, finance minister says
Read Latest News China’s Minister of Finance Lan Fo’an speaks during a press conference in Beijing on Nov. 8, 2024. Adek Berry | Afp | Getty Images BEIJING — China has more room to act on fiscal policy amid domestic and external uncertainties, Finance Minister Lan Fo’an told reporters on Thursday. He was responding to…
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Trump’s protectionist policies could push Europe toward China
Read Latest News US President Donald Trump waits to greet British Prime Minister Keir Starmer at the entrance of the West Wing of the White House in Washington, DC, on February 27, 2025. Carl Court | Afp | Getty Images Tensions between the U.S. and Europe have hit something of a low in recent weeks…
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‘Tariff war, a trade war or any other type of war’ — China says it’s ready to fight U.S. until the end
Read Latest News This photo shows a general view of a screen broadcasting live footage of China’s President Xi Jinping attending the opening session of the National People’s Congress (NPC) as seen outside a shopping mall in Beijing on March 5, 2025. Greg Baker | Afp | Getty Images China said it was prepared to…
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China doubles down on AI and tech as Trump ratchets up trade pressure
Read Latest News A security guard watches during the opening session of the National People’s Congress (NPC) in the Great Hall of the People in Beijing on March 5, 2025. Wang Zhao | Afp | Getty Images BEIJING — The undercurrent of China’s annual parliamentary meetings this week is U.S. trade tensions — and how…
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A China play that’s cheap and has little risk from the trade war — How to play it with options
Read Latest News As a trade war with China escalates, Baidu Inc. (BIDU) stands out as an opportunity to gain exposure to a global leader in AI at a compelling valuation, with minimal risks from tariffs. As China’s leading search engine, BIDU has evolved into a powerhouse in AI innovation, with initiatives like the Ernie…
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China says it’s ready to fight any type of war U.S. wants ’till the end’
Read Latest News Global tensions around trade remain high entering Wednesday, with investors and business leaders looking for signs that politicians may walk back some of their recent actions. The latest: The Chinese Embassy in the U.S. said in a post on social media site X that “If war is what the U.S. wants, be…
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China to raise defense spending by 7.2% in 2025
Read Latest News China’s navy showed off its J-15T fighter jet at the 2024 Zhuhai Air Show on Nov. 12, 2024. Nurphoto | Nurphoto | Getty Images China on Wednesday increased its defense spending by 7.2% this year, the same growth rate as in the prior two years, as Beijing seeks to “firmly safeguard” its…
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China targets fiscal budget deficit at around 4% of GDP
Read Latest News Pictured here is a residential complex under construction in Hangzhou, China, on Dec. 16, 2024. Nurphoto | Nurphoto | Getty Images BEIJING — China on Wednesday announced plans to raise its fiscal deficit to “around 4%” of gross domestic product, a rare increase that marks a meaningful shift in policy. The target…
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China reportedly targets around 5% GDP growth in 2025 amid trade war worries
Read Latest News An aerial view of a new city district in southern China’s Nanning city on Feb. 28, 2025. Nurphoto | Nurphoto | Getty Images China on Wednesday reportedly set its GDP growth target for 2025 at around 5% as it starts its annual parliamentary meeting amid escalating trade tensions with the U.S. Beijing…
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How Retaliatory Tariffs by China, Canada and Mexico Could Harm American Farmers
Read Latest News A trade war with China during President Trump’s first term hit American farmers hard. This time, it could be worse. On Tuesday, China’s Ministry of Finance said it would add tariffs of as much as much as 15 percent on a wide range of food imports from the United States, including chicken,…
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Trump’s Latest Tariffs on Canada, Mexico and China Could Be His Biggest Gamble
Read Latest News President Trump made one of the biggest gambles of his presidency Tuesday by initiating sweeping tariffs with no clear rationale on imports from Canada, Mexico and China, triggering a trade war that risks undermining the United States economy. His actions have upended diplomatic relations with America’s largest trading partners, sent markets tumbling,…
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Canada and China Retaliate Against Trump’s Tariffs, Amid Fears of Trade War
Read Latest News Sweeping tariffs imposed by President Trump threatened economic upheaval for consumers and businesses in the United States on Tuesday as the country’s biggest trading partners struck back on Tuesday, raising fears of a burgeoning trade war. Canada and China swiftly condemned the U.S. tariffs and announced retaliatory tariffs against American exports. President…
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China Targets U.S. Biotech Firm in Broadening Blacklist
Read Latest News China signaled on Tuesday that it is willing to go further than before in its trade tit-for-tat with President Trump by hitting a top American biotechnology company. China’s Ministry of Commerce said it would ban Illumina, a San Diego company, from importing its gene-mapping products in China. Illumina is the world’s leading…
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China Retaliates Against Trump, Imposing Tariffs and Blacklisting U.S. Companies
Read Latest News Minutes after President Trump’s latest tariffs took effect, the Chinese government said on Tuesday that it was imposing its own broad tariffs on food imported from the United States and would essentially halt sales to 15 American companies. China’s Ministry of Finance put tariffs of 15 percent on imports of American chicken,…
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Trump’s Tariffs on Canada, Mexico and China Snap Into Effect
Read Latest News Sweeping tariffs on imports from Canada, Mexico and China went into effect just after midnight on Tuesday, raising U.S. tariffs to levels not seen in decades and rattling foreign governments and businesses that depend on international trade. As of 12:01 a.m. Tuesday, the Trump administration added a 25 percent tariff on all…
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China kicks off annual parliamentary meeting as investors watch for clues on economic policy
Read Latest News Paramilitary police march on Tiananmen Square outside the Great Hall of the People before the closing ceremony of the Chinese People’s Political Consultative Conference (CPPCC) in Beijing on March 12, 2009. China’s annual parliamentary sessions, the National People’s Congress (NPC) and its advisory auxiliary, the CPPCC come to a close with the…
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China rejects additional U.S. tariffs, vows to take countermeasures
Read Latest News Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019. Aly Song | Reuters BEIJING — China “firmly rejects” additional U.S. tariffs on Chinese goods and will take countermeasures, the Ministry of Commerce said in a statement Tuesday.…
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Nvidia unofficial exports to China face scrutiny after Singapore arrests
Read Latest News Nvidia CEO Jensen Huang gives a keynote address at CES 2025, an annual consumer electronics trade show, in Las Vegas, Nevada, U.S. Jan. 6, 2025. Steve Marcus | Reuters Alarm bells went off in 2024 when Singapore unexpectedly emerged as Nvidia’s second-largest revenue source. The disclosure fueled widespread speculation that Nvidia’s artificial…
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How Trump’s Tariffs on China Are Affecting Toy Companies
Read Latest News At the biggest toy industry trade show in the Western Hemisphere this weekend, toy makers, as usual, displayed seemingly endless rows of stuffed animals, action figures and puzzles, hoping to entice retailers to pick their products. But this year, the chatter at Toy Fair New York was dominated not by the next…
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Trump Turns Up Trade Pressure on China After Beijing Fails to Come Running
Read Latest News When President Trump threatened tariffs on Canada, Mexico and China in January, saying those countries needed to do more to stop the flow of drugs and migrants into the United States, Canadian and Mexican officials raced to Washington, bearing charts and videos detailing their efforts to toughen their borders. Canada created a…
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Clock Ticks Down Toward Sweeping Tariffs on Canada, Mexico and China
Read Latest News When President Trump announced last week that an additional 10 percent tariff on Chinese goods would take effect on Tuesday, Logan Vanghele immediately called the logistics company that was handling a $120,000 shipment of aquarium products for his small business. The cargo was on a ship en route to Boston from China.…
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China investing risks aren’t gone. Wall Street shares its safer plays
Read Latest News As excitement over DeepSeek moderated, JPMorgan gave its clients a warning: “Be careful: U.S.-China risks back in focus.” The Feb. 24 note cautioned that the White House’s new America First Investment Policy could trigger a pullback in Chinese stocks after the recent rally. Indeed, on Thursday U.S. President Donald Trump said an…
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Professor, Scrutinized for Ties to China, Sues to Get His Job Back
Read Latest News The chemistry professor’s nightmare seemed to finally be over. Five years had passed since Feng Tao, also known as Franklin, was led by F.B.I. agents out of his home in Lawrence, Kansas. The first professor to be arrested under a Trump-era program aimed at fighting Chinese economic espionage, Dr. Tao was accused…
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Mexico’s Response to Trump’s Tariffs: Troops, Cartels and China
Read Latest News Mexico braced for the worst when President Trump threatened steep tariffs on its exports. But as a deadline looms, Mexico’s leaders hope they have found a formula for staving off tariffs by moving decisively on several fronts to appease Mr. Trump. Focusing on Mr. Trump’s complaints over migration and illicit drugs, President…
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China vows to retaliate as necessary after Trump threatens tariffs
Read Latest News Chinese President Xi Jinping and U.S. President Donald Trump. Dan Kitwoodnicholas Kamm | Afp | Getty Images China’s Ministry of Commerce said Friday that it “firmly opposes” U.S. President Donald Trump‘s latest threat to ramp up tariffs on Chinese goods and vowed retaliation if necessary. “If the U.S. insists on its own…
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As Nvidia fights to stay relevant in China, more than sales are at stake
Read Latest News Nvidia is walking a tightrope in China with export controls — balancing compliance, profits and staying competitive. During the chipmaker’s earnings call Wednesday evening, CEO Jensen Huang noted that revenue from China has dropped to half of pre-export control levels. To put that in perspective: We’re still talking about $17 billion, according…
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Trump says Mexico, Canada tariffs will start March 4, plus additional 10% on China
Read Latest News U.S. President Donald Trump hosts his first cabinet meeting with Elon Musk in attendance, Washington, D.C., U.S., February 26, 2025. Brian Snyder | Reuters President Donald Trump on Thursday said that his proposed tariffs on Mexico and Canada will go into effect on March 4, and that China will be charged an…
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China gears up for Two Sessions, to increase fiscal deficit
Read Latest News BEIJING, CHINA – MARCH 5: A Chinese policeman stands guard outside the Great Hall of the People before the opening ceremony of the National People’s Congress (NPC), or parliament, on March 5, 2005 in Beijing, China. Cancan Chu | Getty Images News | Getty Images China is expected to acknowledge a significant…
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Starbucks is struggling to grow sales in China. Here’s why
Read Latest News Starbucks is caught in the middle of a price war in China. The coffee giant’s same-store sales in China declined 8% in fiscal 2024. But just a decade ago, sentiment around expansion in China looked very different. The chain grew relatively unchallenged for many years in the country. Historically, China is a…
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Trump’s New Crackdown on China Is Just Beginning
Read Latest News President Trump’s tough talk on China typically centers on tariffs. But a closer look at the decisions he has made since taking office shows that the president is considering a far wider set of economic restrictions on Beijing, ones that could hasten America’s split from a critical trading partner. The Trump administration…
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U.S. lawmakers warn that China could use Musk to influence Trump
Read Latest News Elon Musk and U.S. President Donald Trump in the White House’s Oval Office. Kevin Lamarque | Reuters The Republican and Democratic leaders of the U.S. House of Representatives’ select committee on China warned on Tuesday that Beijing may try to exert leverage with Elon Musk in a bid to win favorable U.S. policies, and that…
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Tesla Moves One Step Closer to Self-Driving Cars in China
Read Latest News Elon Musk, the chief executive of Tesla, tried for years to convince Chinese regulators to let him offer self-driving capabilities in one of the company’s most important markets. After a series of false starts, Mr. Musk is now closer than ever. Tesla said on Tuesday that some of drivers in China will…
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KraneShares CIO: China needs to do a deal with Trump to fix the ongoing real estate crisis
Read Latest News Brendan Ahern, KraneShares CIO, joins ‘The Exchange’ to discuss the recent rally in Chinese stocks, what explains the rally, and much more. Source Link ~ Read More News like this ~ Don’t Miss Amazon’s Top Treasures & Fan Favorites! Click to see the hottest picks everyone’s talking about! ~ AliExpress’s Most-Loved Finds…
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China demand, tariffs threats loom
Read Latest News A Gucci luxury goods store in the Galleria Vittorio Emanuele shopping mall in Milan, Italy. Bloomberg | Bloomberg | Getty Images Europe’s troubled luxury sector is showing signs of revival after an upbeat earnings season. But continued weakness in China — and the prospect of U.S. tariffs — could leave even the…
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China strives to attract foreign investment amid geopolitical tensions
Read Latest News Tensions between the world’s two largest economies have escalated over the last several years. Florence Lo | Reuters BEIJING — China is trying yet again to boost foreign investment, amid geopolitical tensions and businesses’ calls for more concrete actions. On Feb. 19, authorities published a “2025 action plan for stabilizing foreign investment” to make…
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Alibaba rose on China AI hopes. Where analysts see the stock heading
Read Latest News Alibaba is back in the spotlight — with U.S.-traded shares soaring nearly 70% so far in 2025 — as a favored play on Chinese artificial intelligence. The company said Thursday its AI-related product revenue grew by triple digits for a sixth-straight quarter in the period ended December. Its Qwen AI model has…
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China carries big risks for investors, money manager suggests
Read Latest News Investors may want to reduce their exposure to the world’s largest emerging market. Perth Tolle, who’s the founder of Life + Liberty Indexes, warns China’s capitalism model is unsustainable. “I think the thinking used to be that their capitalism would lead to democracy,” she told CNBC’s “ETF Edge” this week. “Economic freedom is a necessary,…
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Is Xi’s Sudden Embrace of Business for Real? China Is Left Guessing.
Read Latest News When Xi Jinping, China’s leader, made his entrance at a symposium with a group of top entrepreneurs this week, he seemed to be in good spirits. China has had a few good weeks. The artificial intelligence models by the start-up DeepSeek sent U.S. stocks tumbling and Western commentators screaming, “Sputnik moment.” Then…
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DeepSeek-led AI adoption offers China an opportunity to boost its sputtering growth
Read Latest News This week’s news that the DeepSeek Chatbot app, developed by China, was downloaded from the Apple app store significantly more times than the US-developed ChatGPT from Open AI, wiped billions off the global tech market. Leon Neal | Getty Images News | Getty Images DeepSeek’s sudden splash in the large language model…
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China backs Trump on Ukraine at G20 as U.S. allies rally behind Zelenskyy
Read Latest News Wang Yi, China’s foreign minister, at the G20 meeting in South Africa on Feb. 20, 2025. Per-anders Pettersson | Getty Images News | Getty Images China came out in support of U.S. President Donald Trump’s bid to strike a deal with Russia to end the war in Ukraine, at a G20 meeting in…
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China keeps benchmark lending rates steady amid rising tariff risks
Read Latest News The People’s Bank of China (PBoC) has set up a fintech committee. Zhang Peng | LightRocket | Getty Images China kept its key lending rates unchanged Thursday, as Beijing prioritizes financial stability over interest rate easing to bolster the economy. The People’s Bank of China held the 1-year loan prime rate unchanged…
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Trump Eyes a Bigger, Better Trade Deal With China
Read Latest News During the Biden administration, Donald J. Trump would sit in his mirrored and gold-trimmed salon at Mar-a-Lago where he had once hosted China’s leader, Xi Jinping, brooding to visitors about the outcome of the trade agreement he signed with China in 2020. Mr. Trump would castigate “stupid people” in the White House…
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China M&A activity set to rise as companies prepare for Trump tariffs
Read Latest News A man carrying a kite in the shape of the Chinese national flag walks along the Bund while buildings of Pudong’s Lujiazui financial district in Shanghai, China Bloomberg | Bloomberg | Getty Images China is starting to see a rebound in its mergers and acquisition scene after years of decline as the…
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Huawei Mate XT trifold launches outside of China: Price, specs
Read Latest News A Huawei Technologies Mate XT smartphone arranged in Hong Kong on Sep. 24, 2024. Lam Yik | Bloomberg | Getty Images Huawei launched its trifold smartphone outside of China on Tuesday, as it plots a comeback in international markets after getting hammered by U.S. sanctions. The Mate XT will have a starting…
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Porsche Is No Longer a ‘Premium’ Sports Car in China
Read Latest News After decades of dominating China’s market for high-performance cars with precision engineering, German automakers are losing out to Chinese rivals that have shifted the definition of a high-end car to one that is electric, smart and affordable. Many new Chinese vehicles resemble their German rivals, like the wildly popular Xiaomi SU7, which…
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Why China investors have stayed out of China despite stimulus measures
Read Latest News Professional investors have stayed away from China’s stock markets despite several attempts by the country’s government to revive investment sentiment. An analysis of fund data reveals portfolio managers have steadily lowered their allocation toward China equities since mid-2020 when Beijing intervened in its property sector with the “three red lines” rule to…
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‘Big Short’ investor Michael Burry shakes up his China bets, adding Temu-parent PDD
Read Latest News Michael Burry, best known for calling the subprime mortgage crisis, reshuffled his bets on Chinese internet stocks last quarter, trimming holdings in Alibaba and JD.com and adding a new stake in PDD . Burry’s hedge fund, Scion Asset Management, cut its stake in Alibaba by 25% in the fourth quarter, according to a new…
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Nvidia discloses investments in China self-driving startup WeRide, sending shares up 90%
Read Latest News Chip giant Nvidia revealed in a filing that it took a stake in China’s self-driving startup WeRide last quarter, sending shares skyrocketing. The artificial intelligence winner owned 1.7 million shares in WeRide for a stake worth about $25 million at the end of December, according to a new 13F regulatory filing. WeRide…
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China biopharma deals rise with Summit, Merck
Read Latest News A worker is working on a drug production line at the production workshop of a pharmaceutical company in Meishan, China, on January 30, 2024. \ Nurphoto | Nurphoto | Getty Images A little-known biotech company stunned the biopharmaceutical industry last spring when it declared an “unprecedented” achievement: its experimental cancer drug looked…
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Apple will integrate Alibaba’s AI into iPhones in China, chairman Joe Tsai says
Read Latest News An Apple Store on Jan. 26, 2025, in Chongqing, China. Cheng Xin | Getty Images News | Getty Images Alibaba Group Chairman Joe Tsai confirmed on Thursday that the company was partnering with Apple to roll out AI for iPhones sold in China, speaking at the World Governments Summit in Dubai. “[Apple] …
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Trump’s China tariffs make U.S. tech, S&P 500 vulnerable: Piper Sandler
Read Latest News An escalating trade conflict between China and the U.S. could hurt Big Tech, thus pressuring the broad S & P 500, according to Piper Sandler. Trump this month signed an order imposing a 10% tariff on goods from China. In turn, China announced retaliatory tariffs of up to 15% on select U.S.…
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Ex-Hochul Aide Accused of Working for China Faces New Bribery Allegation
Read Latest News Linda Sun, a former aide to Gov. Kathy Hochul of New York, faces new allegations related to charges that she used her position to benefit the Chinese government, according to a superseding indictment against Ms. Sun and her husband unsealed Tuesday. Ms. Sun, who served as the governor’s deputy chief of staff,…
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Google says U.S. faces power capacity crisis in AI race against China
Read Latest News A Google Cloud logo outside the Google Cloud data center ahead of its ceremonial opening in Hanau, Germany, on Friday, Oct. 6, 2023. Bloomberg | Bloomberg | Getty Images The U.S. is facing a power capacity crisis as the tech sector races against China to achieve dominance in artificial intelligence, an executive…
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Ex-Hochul Aide Accused of Working for China Faces New Bribery Allegation
Read Latest News Linda Sun, a former aide to Gov. Kathy Hochul of New York, faces new allegations related to charges that she used her position to benefit the Chinese government, according to a superseding indictment against Ms. Sun and her husband unsealed Tuesday. Ms. Sun, who served as the governor’s deputy chief of staff,…
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Europe wants to be part of AI race against China and U.S.
Read Latest News Sam Altman, CEO of OpenAI, speaks with French President Emmanuel Macron at Station F, during an event on the sidelines of the Artificial Intelligence Action Summit in Paris, France, Feb. 11, 2025. Aurelien Morissard | Via Reuters PARIS — Music was blaring and people were cheering at the Artificial Intelligence Action Summit…
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China AI rollout for Apple may be closer, another big Home Depot call
Read Latest News Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. 1. Wall Street was mixed Tuesday as the market continued to digest the latest twists and turns in President Donald Trump ‘s trade tariffs, both implemented and…
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Appaloosa’s David Tepper hikes ‘everything’ China bet, loads up on Alibaba, JD.com
Read Latest News Hedge fund billionaire David Tepper continued to increase his all-in bet on China at the end of 2024, scooping up shares of the biggest e-commerce names in the developing country. Appaloosa Management raised its stakes in Alibaba , PDD and JD.com in the fourth quarter as they continued to be among Tepper’s…
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China Is at Heart of Trump Tariffs on Steel and Aluminum
Read Latest News President Trump’s promise to impose 25 percent tariffs on Monday on all U.S. imports of steel and aluminum would primarily target American allies, but at their heart they strike at his longtime nemesis: China. The top five suppliers of steel to the American market in January were Canada, followed by Brazil, Mexico,…
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Low expectations for China are big opportunity for returns: strategist
Read Latest News China is poised for economic stimulus and major structural changes that will set corporates up for strong returns, according to Andrew Swan, head of Asia equities at Man Group. “The sentiment around the China market obviously has been pretty poor, not just recently, but for some time now. I think investors are…
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Here’s how the pros are investing in China amid trade tensions
Read Latest News The tariff tussle between the U.S. and China has made many investors wary of the country’s stock market , but some still see opportunities in it. China launched tit-for-tat measures on Feb. 4, in a rapid response to new U.S. tariffs on Chinese exports, stoking fears of a trade war between the…
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Deepseek’s AI model ‘the best work’ out of China: Google Deepmind CEO
Read Latest News Google DeepMind co-founder and Chief Executive Officer Demis Hassabis gives a conference during the Mobile World Congress (MWC), the telecom industry’s biggest annual gathering, in Barcelona on February 26, 2024. Pau Barrena | Afp | Getty Images Deepseek’s AI model “is probably the best work” out of China, Demis Hassabis, the CEO…
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DeepSeek’s AI breakthrough could get global investors interested in China again
Read Latest News DeepSeek’s rise is the catalyst that will prompt global investors to allocate more toward Chinese stocks, even as economic worries persist, analysts predict. “Before the overarching talk was, China is uninvestible. … Now you definitely see people start thinking it probably helps to have China,” said Liqian Ren, leader of quantitative investment…
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Trump delays ending of de minimis trade exemption targeting China
Read Latest News Employees package and sort express parcels at an e-commerce company on Nov. 1, 2024, around the Double 11 Shopping Festival in Lianyungang, Jiangsu Province of China. Vcg | Visual China Group | Getty Images President Donald Trump signed an executive order on Friday that puts a pause on his closing of the…
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L’Oreal looks to U.S. ‘land of opportunity’ as China disappoints
Read Latest News L’Oreal global flagship store is seen on Nanjing Road on May 8, 2021 in Shanghai, China. Vcg | Visual China Group | Getty Images The world’s largest beauty group L’Oreal said Friday that it plans to become less dependent on the Chinese consumer for growth, instead targeting burgeoning opportunities in the U.S.…
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Tesla car sales in China fall 11.5% as competition intensifies
Read Latest News A Tesla showroom with its logo and electric vehicles on display, including the Model 3 and Model Y, is seen on January 12, 2025, in Chongqing, China. Cheng Xin | Getty Images Sales of Tesla‘s cars to China fell in January, as competition from domestic rivals continued to heat up. Tesla sold…
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U.S. imposes sanctions on international network shipping Iranian oil to China
Read Latest News An Iranian flag flutters on board the Adrian Darya oil tanker, formerly known as Grace 1, off the coast of Gibraltar on August 18, 2019. Johnny Bugeja | AFP | Getty Images The U.S. Treasury Department on Thursday imposed sanctions on an international network, alleging that it has facilitated the shipment of…
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UBS says China trade war will worsen. Beware these tariff-sensitive stocks
Read Latest News UBS warns that the trade war with China could escalate from current levels, despite President Donald Trump’s temporary pause on U.S. tariff threats against Mexico and Canada, As of Tuesday, the U.S. levied a 10% tariff on all Chinese goods, but Trump has previously threatened tariffs as high as 60% against China,…
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Calvin Klein owner PVH blacklisted in China
Read Latest News People shop for clothes at a Calvin Klein store at a mall in Beijing on Feb. 5, 2025. Adek Berry | AFP | Getty Images China has blacklisted the owner of Calvin Klein and Tommy Hilfiger, which could force the company to shut down stores and manufacturing in an early repercussion of…
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China says will protect its own interests in face of U.S. ‘bullying’
Read Latest News Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019. Aly Song | Reuters BEIJING — China has toughened its tone following the Trump administration’s opening salvo of trade tariffs. “In the face of one-sided acts of bullying,…
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Trump China tariffs will affect Ford, GM vehicles and auto parts
Read Latest News 2024 Lincoln Nautilus Ford DETROIT — President Donald Trump‘s move to impose 10% additional tariffs on imports from China this week affects a small number of U.S. vehicles. But those tariffs are also hitting auto parts, which could increase already heightened vehicle prices for consumers. The U.S. in recent years has imported…
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USPS says it will resume accepting inbound packages from China, Hong Kong
Read Latest News U.S. Postal Service (USPS) trucks are parked at a post office on August 23, 2024 in Los Angeles, California. Mario Tama | Getty Images The U.S. Postal Service said Wednesday it will resume accepting inbound mail and packages from China and Hong Kong, just hours after it suspended service from those regions.…
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U.S. Postal Service Reverses Decision to Halt Parcel Service From China
Read Latest News The United States Postal Service on Wednesday said it would continue to accept packages from China and Hong Kong, reversing a decision to temporarily halt those deliveries after an order by President Trump took effect that ended duty-free handling of many smaller parcels. Mr. Trump ordered on Saturday that all goods leaving…
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Apple shares fall after China reportedly considers probe into App Store
Read Latest News An Apple Store in the Jiefangbei commercial district, adorned with a golden apple and snake motif to celebrate the Chinese Year of the Snake, on Jan. 14, 2025 in Chongqing, China. Cheng Xin | Getty Images News | Getty Images Apple shares fell on Wednesday after Bloomberg reported that Chinese regulators are…
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USPS temporarily suspends some inbound packages from China, Hong Kong
Read Latest News A United States Postal Service worker pushes a cart of packages in New York City, on Dec. 4, 2023. Brendan Mcdermid | Reuters The U.S. Postal Service said Tuesday it’s temporarily suspending all inbound packages from China and Hong Kong Posts. The change is effective immediately and will remain “until further notice,”…
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U.S. Postal Service Halts Parcel Service from China as Trump’s Trade Curbs Begin
Read Latest News The United States Postal Service announced Tuesday that it had temporarily stopped accepting packages from China and Hong Kong, hours after an order by President Trump took effect that ended duty-free handling of these parcels. The United States imports about 3 million parcels a day with almost no customs inspection and no…
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As Trump pauses tariffs on Mexico and Canada, China makes its move
Read Latest News Cargo ships and containers at Qingdao port in eastern China’s Shandong province on Dec. 4, 2024. Stringer | Afp | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they…
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China to launch antitrust probe into Google
Read Latest News In this photo illustration, a Google logo is displayed on the screen of a smartphone. Sopa Images | Lightrocket | Getty Images China said on Tuesday it will launch an antitrust investigation into Google over alleged anti-monopoly practices. The country’s State Administration for Market Regulation said that it would initiate an investigation…
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China to levy tariffs of up to 15% on select U.S. imports starting Feb. 10
Read Latest News Jakub Porzycki | Nurphoto | Getty Images China’s finance ministry said Tuesday it will impose 15% tariffs on coal and liquified natural gas imports from the U.S. and 10% duties on crude oil, farm equipment and certain cars, starting Feb. 10. The tariffs announcement comes as the additional 10% U.S. tariffs on…