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January 28, 2022

China

U.S., China confer on Ukraine, urge de-escalation and calm

Reuters
BEIJING/WASHINGTON, Jan 27 (Reuters) – China told the United States on Thursday it wants all sides involved in Ukraine to remain calm and avoid increasing tensions, while Washington stressed de-escalation and warned of the security and economic risks from any Russian aggression. “We call on all parties to stay calm......

McDonald’s earnings miss estimates as rising costs weigh on profits

CNBC
CNBC – For more and to sign up click here Signage outside a McDonald’s Corp. fast food restaurant in Louisville, Kentucky, U.S., on Friday, Oct. 22, 2021. Luke Sharrett | Bloomberg | Getty Images McDonald’s on Thursday reported quarterly earnings and revenue that missed analysts’ expectations as higher costs weighed......

Apple reclaims No. 1 spot in China, hits record iPhone market share in the fourth quarter

CNBC
CNBC – For more and to sign up click here Customers buy iPhone13 phones at apple’s flagship smart products store in Shanghai, China, on Oct. 12, 2021. Xing Yun | Costfoto | Barcroft Media | Getty Images Apple’s smartphone market share in China hit a record high in the fourth......

Exports booming, Taiwan’s China Airlines orders 4 more Boeing freighters

Reuters
Passenger jets of Taiwan’s China Airlines at Taipei Songshan Airport in Taipei, Taiwan, June 8, 2020.REUTERS/Ann Wang Register now for FREE unlimited access to Reuters.com Register TAIPEI, Jan 27 (Reuters) – Taiwan’s China Airlines Ltd said on Thursday its board had approved the purchase of four more Boeing Co (BA.N)......

Here’s why Morgan Stanley is cutting its forecast for China’s first quarter GDP

CNBC
CNBC – For more and to sign up click here A woman shows her swab and test kit to a health worker before receiving a nucleic acid test for Covid-19 at a private testing site on January 17, 2022 in Beijing, China. Kevin Frayer | Getty Images News | Getty......

China shares, yuan drop after Powell vows sustained fight against inflation

Reuters
CSI300 falls to lowest level since Sept. 2020 Tech shares lead losses, IT index down 2.46% Yuan heads for biggest one-day loss vs. Dollar in 7 weeks Stock Connect shows nearly 8 bn yuan in outflows SHANGHAI, Jan 27 (Reuters) – Chinese shares slumped to nearly 16-month lows and the......

China will allow Guizhou financing vehicles to delay debt payments

Reuters
BEIJING, Jan 26 (Reuters) – China will allow local government financing vehicles (LGFVs) in the southwestern province of Guizhou to delay debt payments and undergo debt restructuring, the cabinet said on Wednesday, part of a broader plan to spur growth in one of China’s poorest regions. China’s local governments are......

China’s Huawei launches high-end smartphones overseas even as its global market share deteriorates

CNBC
CNBC – For more and to sign up click here Huawei has launched its premium P50 Pro and foldable P50 Pocket smartphones in international markets even as it continues to face challenges from U.S. sanctions. The P50 Pocket is featured at Huawei’s flagship store in Hangzhou, China. Long Wei |......

China Evergrande to hold investor call on Wednesday – sources

Reuters
The company logo is seen on the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China September 26, 2021. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register HONG KONG, Jan 26 (Reuters) – China Evergrande Group (3333.HK) will hold an investor call at 9 pm (1300......

House leaders unveil bill to boost chip industry, science competitiveness with China

USA TODAY – For more and to sign up click here Cristina Marcos House Democratic leaders unveiled legislation on Tuesday aimed at bolstering investments in U.S. science research and development to better compete with China and address the shortage of semiconductor chips. The Senate previously passed its own version of......

Huawei technology, and potential spyware, will be everywhere at Beijing Olympics

USA TODAY – For more and to sign up click here Jerry Dunleavy Controversial technology firm Huawei will be omnipresent at the Beijing Olympics, despite U.S. warnings that the Chinese company’s products could contain spyware. The Beijing Olympics selected China Unicom Beijing for the key communications role at the Winter......

Column: China slashing crude stockpiling ends oil demand growth driver: Russell

Reuters
Oil and gas tanks are seen at an oil warehouse at a port in Zhuhai, China October 22, 2018. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register LAUNCESTON, Australia, Jan 25 (Reuters) – China’s stockpiling of crude oil ground to almost a halt in 2021, reversing years......

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