Sunday, December 22

Tag: BRICS Countries

China Central Bank to Help Boost Consumer Prices Amid Deflation Risks
29Dec By adminNo Comments
World

China Central Bank to Help Boost Consumer Prices Amid Deflation Risks

Dec. 29, 2023 1:20 am ET|WSJ ProChina’s central bank has vowed to boost consumer prices as the world’s second-largest economy is battered by tepid demand and weakening confidence.The People’s Bank of China said it would “promote price recovery from low levels and keep prices at reasonable levels,” according to a statement released late Thursday summarizing the central bank’s fourth-quarter monetary policy meeting.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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China Confronts a New Political Reality in Taiwan: No Friends
29Dec By adminNo Comments
World

China Confronts a New Political Reality in Taiwan: No Friends

Updated Dec. 29, 2023 12:08 am ETTAIPEI—A drawing of Taiwan at the presidential campaign headquarters of the island’s ruling party shows strikingly little concern for north and south. Instead, the island is shown turned on its side, with China and the Taiwan Strait conspicuously absent.The drawing reflects the worldview of the Democratic Progressive Party, which over the past eight years has sought to carve out an identity for the self-ruled island that is separate from mainland China. But it also represents a broader change in Taiwan that sits uneasily with Communist Party leaders 1,000 miles to the northwest in Beijing.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Huawei Expects 9% Revenue Growth This Year
29Dec By adminNo Comments
World

Huawei Expects 9% Revenue Growth This Year

Dec. 28, 2023 10:09 pm ETHuawei Technologies projected that its revenue grew about 9% in 2023, reflecting the company’s return to a more normal course after years of dealing with U.S. sanctions.The Chinese hardware giant said in a note Friday that it expects annual revenue of 700 billion yuan, or approximately $98 billion, up from CNY642 billion in 2022.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Apple Is Being Overtaken by Chinese Smartphone Rivals—in Cars
28Dec By adminNo Comments
Technology

Apple Is Being Overtaken by Chinese Smartphone Rivals—in Cars

After a decade, Apple still hasn’t introduced an Apple car. Some of its biggest smartphone rivals in China are moving faster.Huawei and Xiaomi, whose phones battle the iPhone for supremacy in China, both released new cars this week with advanced digital features. The companies’ goal is to keep their phone customers engaged in high-tech vehicles and seize turf before Apple’s possible entry into the fray.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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India’s Infrastructure Push Is Key to Taking on China
28Dec By adminNo Comments
Money

India’s Infrastructure Push Is Key to Taking on China

The coming few years will be a litmus test for India’s ambition to become a manufacturing hub rivaling China. A big question mark is how quickly it can build out the infrastructure it needs to really seize the opportunity. There have been signs of progress recently, but New Delhi’s cramped fiscal space means it needs to do more to entice private-sector investors, too.India is experiencing a manufacturing renaissance of sorts led by Apple and its Taiwanese suppliers—after decades of failed efforts. As recently as the fiscal year ended in March 2018, India was a importer of smartphones to the tune of more than $2 billion. Last fiscal year, India was a net exporter of $11 billion worth. About half of that was Apple products, according to investment bank Macquarie.Copyright ©2023 Dow Jones &a...
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Hapag-Lloyd to Continue Avoiding Red Sea Despite U.S.-Led Naval Deployment
28Dec By adminNo Comments
World

Hapag-Lloyd to Continue Avoiding Red Sea Despite U.S.-Led Naval Deployment

German shipping company Hapag-Lloyd said it will continue to avoid the Red Sea because it considers the area is still too dangerous despite the U.S. and allies deploying naval ships to deter further strikes by Houthi militants.“We continuously assess the situation and plan a next review on Friday,” a spokesperson of the German shipping giant said Wednesday. It will continue to reroute its ships via the Cape of Good Hope in South Africa.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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The Dominant Dollar Faces a Backlash in the Oil Market
28Dec By adminNo Comments
Money

The Dominant Dollar Faces a Backlash in the Oil Market

Updated Dec. 28, 2023 12:00 am ETSome major emerging economies are dabbling in trading commodities without using the dollar, as they seek to reduce their reliance on the U.S. currency.Faced with U.S. sanctions and other restrictions, Russia and Iran in particular have stepped up oil sales in alternative currencies, and have found buyers in China, India and elsewhere that are happy to buy these exports, often at lower prices.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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China Wants to Move Ahead, but Xi Jinping Is Looking to the Past
28Dec By adminNo Comments
World

China Wants to Move Ahead, but Xi Jinping Is Looking to the Past

Dec. 27, 2023 11:00 pm ETListen to article(1 minute)A song called “Tomorrow Will Be Better” became a sensation in mainland China in the 1980s, when the nation was emerging from the poverty and turmoil of Mao Zedong’s rule.Its inspirational lyrics, which exhorted listeners to “look upward for the wings in the sky,” came to represent a generation that was starting to believe in a brighter future.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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The Chip Wars Are Metastasizing
27Dec By adminNo Comments
Money

The Chip Wars Are Metastasizing

It’s getting harder—both technically and financially—to make semiconductor chips smaller. The fight for chip tech supremacy has begun to migrate into a new area: how to package chips together to achieve better performance.The rise of artificial intelligence will further boost demand for advanced packaging technologies—and create openings for challengers such as China to compensate for weaknesses in other parts of the supply chain.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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How China Manages Its Currency—and Why That Matters
27Dec By adminNo Comments
Money

How China Manages Its Currency—and Why That Matters

Updated Dec. 27, 2023 12:00 am ETChina’s approach to its currency is a mix of bold ambition and fear of dollar strength.The yuan has lost more than 3% of its value against the greenback this year and was doing even worse before the dollar slipped against most global currencies in November. The yuan traded around 16-year lows against the dollar in September. A dollar now buys around 7.15 yuan.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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