China says no new pathogens detected amid surge in respiratory illnesses
China says no new pathogens detected amid surge in respiratory illnesses
Chinese authorities reportedly called for vigilance Friday as a spike in respiratory illness continues to pile pressure on health care facilities in the north of the country, despite assurances that no "unusual or novel pathogens" have been...
2023-12-26 09:50:28
<b>Taiwan 2024 elections: The 3 parties vying to replace Tsai Ing-Wen</b>
Taiwan 2024 elections: The 3 parties vying to replace Tsai Ing-Wen
Taiwan's main opposition parties have filed individual bids to unseat the ruling Democratic Progressive Party as the billionaire founder of Apple supplier dropped out of the presidential race hours before the nomination deadline last Friday...
2023-12-26 09:50:16
Jamie Dimon says JPMorgan Chase would exit China if ordered to
Jamie Dimon says JPMorgan Chase would exit China if ordered to
Dimon called relations with China, the world's second-largest economy, "a very complicated subject" and said that engagement with both China and the U.S. government was necessary. "I think it's good for an American bank to be there to help...
2023-12-26 09:50:10
<b>China consumption shows no sign of strong V-shaped recovery: McKinsey</b>
China consumption shows no sign of strong V-shaped recovery: McKinsey
BEIJING — China's consumer isn't going to be spending big anytime soon, which means companies need to be more strategic to tap what's still a massive market, according to McKinsey. "I'm hopeful we will see an incremental improvement over...
2023-12-26 09:50:04
Commerce Sec Raimondo: U.S. export controls need to 'change constantly
Commerce Sec Raimondo: U.S. export controls need to 'change constantly
BEIJING — More controls on tech exports to China will be coming as needed, despite business concerns, U.S. Commerce Secretary Gina Raimondo told CNBC in an exclusive interview. "We have to change constantly," Raimondo told CNBC's over the...
2023-12-26 09:49:52
China's big property market problem will take years to resolve
China's big property market problem will take years to resolve
BEIJING — China has a big problem within real estate that will take years to resolve, according to analysis from Oxford Economics lead economist Louise Loo. Looking at nationwide data — whether based on official estimates of unsold inve...
2023-12-26 09:49:46
China trade: exports surprise with 0.5% growth in November
China trade: exports surprise with 0.5% growth in November
BEIJING — China's exports unexpectedly ticked higher in November, while imports fell slightly from a year ago, according to customs agency data released Thursday. Exports in U.S. dollar terms rose by 0.5% from a year ago, contrary to expe...
2023-12-26 09:49:40
China's economy has a 'steep hill to climb' despite positive export sur
China's economy has a 'steep hill to climb' despite positive export sur
The Chinese economy still has a "steep hill to climb" despite a surprise pickup in exports and is unlikely to be bolstered by further fiscal stimulus, according to 's Chief Asia Economist Frederic Neumann. , defying expectations for a 1.1%...
2023-12-26 09:49:33
<b>China's livestream shopping booms, fueling new tech like avatars and AI</b>
China's livestream shopping booms, fueling new tech like avatars and AI
BEIJING — Livestream shopping is taking off in China, driving development of new tech products such as virtual human streamers and mobile data packages. It's an attempt to monetize — and innovate — in one of the few bright spots for a...
2023-12-26 09:49:22
<b>U.S. pension funds heavily invested in China despite crackdown</b>
U.S. pension funds heavily invested in China despite crackdown
U.S. proposals to clamp down on investments in China may be being undermined by continued funding from some of America's biggest institutional investors, new analysis shows. The majority of U.S. public pensions, as well certain universities...
2023-12-26 09:49:15
How the escalating U.S.-China tech war could hurt American companies
How the escalating U.S.-China tech war could hurt American companies
Smartphones. Cars. Toasters. Fighter jets. While vastly different on the outside, all four items share something similar on the inside: semiconductors. "There's no tech industry without semiconductors," said Stacy Rasgon, senior semiconduct...
2023-12-26 09:49:03
Alibaba CEO Eddie Wu to lead Taobao and Tmall e-commerce business
Alibaba CEO Eddie Wu to lead Taobao and Tmall e-commerce business
BEIJING — CEO Eddie Wu is taking over the top role at the company's Taobao and Tmall e-commerce business, replacing Trudy Dai in the Chinese internet tech giant's latest management shakeup this year. Dai, who is one of the 18 cofounders ...
2023-12-26 09:48:57
Tesla cut China EV prices more than BYD did for its flagship Han sedan
Tesla cut China EV prices more than BYD did for its flagship Han sedan
BEIJING — cut prices for its electric cars in China by more than did for its flagship Han sedan, according to analysis Wednesday from U.S.-based firm JL Warren Capital. Tesla reduced the price of its Model 3 by 6% compared to December las...
2023-12-26 09:48:51
<b>China's EV and chip giants need workers, not necessarily college grads</b>
China's EV and chip giants need workers, not necessarily college grads
BEIJING — China's vocational school push is producing workers the country's electric car and semiconductor industries want to hire. Despite and in recent years, public filings analyzed by CNBC show marked headcount growth at key industry...
2023-12-26 09:48:34
<b>Tencent loses over $43 billion in market value after China proposes new online gaming </b>
Tencent loses over $43 billion in market value after China proposes new online gaming
In this article Tencent lost about $43.5 billion in market value on Friday after China surprised financial markets with a fresh set of rules aimed at curbing excessive gaming and spending. The from China's National Press and Publication Adm...
2023-12-26 09:48:28