Sunday, December 22

Tag: Greater China

China Ends Underwhelming Year With Fresh Signs of Weakness
31Dec By adminNo Comments
World

China Ends Underwhelming Year With Fresh Signs of Weakness

Dec. 30, 2023 10:18 pm ETChina’s economy showed fresh signs of weakness as the year drew to a close, piling pressure on Beijing to take bold new steps to fire up growth in 2024.Surveys suggest factory activity slid deeper into contraction in December due to thin order books at home and abroad, while the services sector struggled as consumers kept a tight leash on spending.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Taiwan Says Chinese Lip-Syncing Probe Aims to Pull Rock Band to Beijing’s Side
30Dec By adminNo Comments
World

Taiwan Says Chinese Lip-Syncing Probe Aims to Pull Rock Band to Beijing’s Side

TAIPEI—A Chinese investigation into purported lip syncing by a rock band from Taiwan is aimed at pressuring the band into supporting Beijing’s stance on the island and is part of a broad effort to interfere in its politics, Taiwanese officials said.Mayday, one of Taiwan’s most commercially successful rock bands, is under scrutiny from authorities in Shanghai after the band declined to publicly back the view that Taiwan is a part of China, the officials said. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Why Every Western Automaker Is Visiting This Remote Part of South Africa
30Dec By adminNo Comments
World

Why Every Western Automaker Is Visiting This Remote Part of South Africa

Updated Dec. 30, 2023 12:11 am ETListen to article(2 minutes)MBOMBELA, South Africa—A half-century-old company on the outskirts of South Africa’s Kruger National Park has found itself in a fortuitous spot as Western automakers push to move their electric-vehicle supply chains away from China.Manganese Metal Co., based in the sleepy town of Mbombela, is the largest of just a handful of refiners of battery-grade manganese located outside China. Used mostly for making steel, manganese is increasingly replacing more expensive and harder-to-source minerals such as cobalt and nickel in the lithium-ion batteries that power electric cars, smartphones and laptops.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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JD.com Wins Antimonopoly Suit Against Alibaba
30Dec By adminNo Comments
World

JD.com Wins Antimonopoly Suit Against Alibaba

Chinese e-commerce giant JD.com said it won a lawsuit against rival Alibaba Group Holding, which was fined 1 billion yuan ($140.7 million) over monopolistic practices.Zhejiang Tmall Network, Zhejiang Tmall Technology and Alibaba Group were found to have abused market dominance and engaged in monopolistic practices, causing severe damages to JD.com, it said in a statement Friday, citing a Beijing court ruling.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Francis Collins Has Regrets, but Too Few
30Dec By adminNo Comments
Health

Francis Collins Has Regrets, but Too Few

Hard to believe it’s been four years since the first reports of a mysterious virus spreading in Wuhan, China. Now comes a Covid lockdown mea culpa—if you can call it that—from former National Institutes of Health chief Francis Collins.“If you’re a public-health person and you’re trying to make a decision, you have this very narrow view of what the right decision is, and that is something that will save a life,” Dr. Collins explained in a Covid discussion this summer for Braver Angels, an outfit that aims to bridge political divides. A video of the discussion surfaced this week on X.com.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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JD.com Wins Antimonopoly Suit Against Alibaba
29Dec By adminNo Comments
World

JD.com Wins Antimonopoly Suit Against Alibaba

Chinese e-commerce giant JD.com said it won a lawsuit against rival Alibaba Group Holding, which was fined 1 billion yuan ($140.7 million) over monopolistic practices.Zhejiang Tmall Network, Zhejiang Tmall Technology and Alibaba Group were found to have abused market dominance and engaged in monopolistic practices, causing severe damages to JD.com, it said in a statement Friday, citing a Beijing court ruling.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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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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