Chinese

Wealthy Chinese keep spending while others cut spending, survey finds

Wealthy Chinese keep spending while others cut spending, survey finds

Pictured is a science fiction-themed installation at Maison Hermes in Shanghai, China, November 28, 2022. Edition of the future | Edition of the future | Getty Images BEIJING — Wealthier Chinese were more likely to spend this year, while poorer people cut spending even more, McKinsey and Company found in a survey released Thursday. The …

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Democratic lawmakers ask Musk about possible Chinese manipulation of Twitter

Democratic lawmakers ask Musk about possible Chinese manipulation of Twitter

Elon Musk’s Twitter profile is seen on a smartphone atop printed Twitter logos in this illustration taken April 28, 2022. Dice Ruvic | Reuters Three House Democrats are calling on Twitter’s new owner and CEO Elon Musk to provide information about a possible “platform manipulation campaign” on the social media platform that “restricted access to …

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The United States Just Made a Big Decision About Chinese Solar Power - Here's What It Means

The United States Just Made a Big Decision About Chinese Solar Power – Here’s What It Means

The U.S. Department of Commerce (DOC) has determined that four of the eight Chinese solar companies it investigates are “attempting to circumvent U.S. duties by performing minor processing in one of the Southeast Asian countries before shipping in the USA”. Here’s what that means for the US solar industry. December 5 update: One of the …

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The United States Just Made a Big Decision About Chinese Solar Power - Here's What It Means

The United States Just Made a Big Decision About Chinese Solar Power – Here’s What It Means

The U.S. Department of Commerce (DOC) has determined that four of the eight Chinese solar companies it investigates are “attempting to circumvent U.S. duties by performing minor processing in one of the Southeast Asian countries before shipping in the USA”. Here’s what that means for the US solar industry. The DOC found that the four …

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Chinese solar makers evaded US tariffs, investigation finds

Chinese solar makers evaded US tariffs, investigation finds

WASHINGTON — U.S. officials have determined that four of the eight major Chinese solar companies investigated in recent months attempted to evade tariffs by shipping products to the United States via countries in Asia. Southeast, in a trade case that pitted clean energy proponents against domestic solar panel makers. . The decision applies to the …

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Chinese factory activity data falls short of expectations;  Asia-Pacific markets mixed

Chinese factory activity data falls short of expectations; Asia-Pacific markets mixed

Chinese factory activity beats expectations and contracts for second straight month China’s official manufacturing purchasing managers’ index for November came in at 48, below the 50-point mark that separates growth from contraction. That’s below analysts’ expectations polled by Reuters, who had forecast a reading of 49. October’s PMI was 49.2. PMI readings are sequential and …

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Asian stocks and oil prices rise as Chinese speculation swirls

Asian stocks and oil prices rise as Chinese speculation swirls

https://tmsnrt.rs/2zpUAr4 China real estate stocks rally in political support Euro targets 5-month high, dollar nearly 3-month low against yen Oil prices bounce off China hopes, talk of production cuts SYDNEY, Nov 29 (Reuters) – Asian stocks rallied on Tuesday as Beijing’s latest move to prop up developers boosted the property sector and rumors swirled that …

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Hong Kong stocks rise nearly 4% ahead of Chinese Covid briefing

Hong Kong stocks rise nearly 4% ahead of Chinese Covid briefing

Chinese clues appear ahead of Covid briefing Indices in China jumped more than 2% as investors closely watched developments in the national zero-Covid policy after posting losses in the previous session. The Chinese CSI 300 index rose 2.97% during the morning session, while the Shanghai composite climbed 2.2%. The Shenzhen Component The index gained 2.172%. …

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Chinese lockdown unrest upends global economic outlook

Chinese lockdown unrest upends global economic outlook

Growing protests over tough pandemic restrictions in China – the world’s second largest economy – are injecting a new element of uncertainty and instability into the global economy as nations already struggle to manage the fallout from a war in Ukraine, an energy crisis and painful inflation. For years, China has served as a global …

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Chinese protests weigh on stock market;  Shortfall of 6 million Apple units;  Black Friday is going well

Chinese protests weigh on stock market; Shortfall of 6 million Apple units; Black Friday is going well

Stock indices lost ground in the first half of Monday’s session as protests in China weighed on overall sentiment. Apple (AAPL) iPhone Pro production could be 6 million units lower due to civil unrest and Covid restrictions. X The Dow Jones Industrial Average and S&P 500 fell 0.8% at lunchtime while the Nasdaq composite lost …

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