Tag: China

Trump Ordered U.S. Companies to Leave China. Is That Possible?

SHANGHAI — In the space of 24 hours, President Trump ordered American businesses to leave China and suggested in a tweet that he has the authority to do so. Whether he has that power — he pointed to a national security law that has been used mainly to target terrorists and other major threats — […]

Read More

Huawei’s big move from component maker to AI service provider

Huawei made a major AI announcement today with its Ascend 910 data center and cloud targeted chipsets, as well as a new soon to be open-sourced framework called MindSpore. No one should be surprised about this announcement. Huawei has been positioning itself to be an AI powerhouse for the past 2-3 years. Its previous products […]

Read More

Trump Asserts He Can Force U.S. Companies to Leave China

BIARRITZ, France — President Trump asserted on Saturday that he has the authority to make good on his threat to force all American businesses to leave China, citing a national security law that has been used mainly to target terrorists, drug traffickers and outlier states like Iran, Syria and Libya. As he arrived in France […]

Read More

With the Economy on Edge, Trump Sees Only Enemies

President Trump began Friday in a pretty good mood, celebrating the support of Republicans and the strength of the economy in a flurry of early-morning posts on Twitter, the site where he spends a sizable chunk of his day. But the president’s mood soured quickly as the news rolled in that both China and the […]

Read More

Automakers Sweating After China Announces 25-percent Tariff on U.S. Autos

<img data-attachment-id="1577777" data-permalink data-orig-file="https://www.thetruthaboutcars.com/wp-content/uploads/2017/06/P90264507_lowRes_bmw-group-plant-spar.jpg" data-orig-size="600,387" data-comments-opened="1" data-image-meta="{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"0"}" data-image-title="BMW Spartanburg Assembly Plant Factory" data-image-description=" Image: BMW ” data-medium-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2017/06/P90264507_lowRes_bmw-group-plant-spar-450×290.jpg” data-large-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2017/06/P90264507_lowRes_bmw-group-plant-spar.jpg” class=”aligncenter wp-image-1577777 size-full” src=”https://www.thetruthaboutcars.com/wp-content/uploads/2017/06/P90264507_lowRes_bmw-group-plant-spar.jpg” alt=”BMW Spartanburg Assembly Plant Factory” width=”600″ height=”387″ srcset=”https://www.thetruthaboutcars.com/wp-content/uploads/2017/06/P90264507_lowRes_bmw-group-plant-spar.jpg 600w, https://www.thetruthaboutcars.com/wp-content/uploads/2017/06/P90264507_lowRes_bmw-group-plant-spar-75×48.jpg 75w, https://www.thetruthaboutcars.com/wp-content/uploads/2017/06/P90264507_lowRes_bmw-group-plant-spar-450×290.jpg 450w, https://www.thetruthaboutcars.com/wp-content/uploads/2017/06/P90264507_lowRes_bmw-group-plant-spar-120×77.jpg 120w” sizes=”(max-width: 600px) 100vw, 600px”> The trade war between the United States and China heated up again Friday, with […]

Read More

Stocks Dip After China Announces Retaliatory Tariffs on U.S. Goods

Wall Street stocks dipped and major European indexes fell on Friday after Beijing said it would answer President Trump’s next round of tariffs on Chinese goods by increasing tariffs on American imports, the latest sign that the trade war between the two countries could drag on. Dow Jones industrial average and S&P 500 futures had […]

Read More

China to Raise Tariffs on $75 Billion in U.S. Goods

SHANGHAI — The Chinese government announced on Friday that it would retaliate against President Trump’s next two batches of tariff increases on Chinese goods by imposing its own tariff increases on American imports, in the latest sign that neither side is prepared to back down in their trade war. The State Council Tariff Commission in […]

Read More

As Hong Kong Firms Fall in Line Over Protests, Some Workers Push Back

HONG KONG — As big companies in Hong Kong squirm under pressure to denounce the continuing antigovernment protests in the territory or risk angering China, some of their employees are speaking out, raising the prospect of escalating labor tensions in the Asian financial capital. On Friday, more than 1,000 people joined a march for accountants […]

Read More

A Hong Kong ‘Troublemaker’ With a Clean Conscience

HONG KONG — He has been mocked for years in China’s state-controlled news media for being fat, which he isn’t, and denounced more recently as a C.I.A. agent, a “black hand” and a member of an American-directed “gang of four” supposedly responsible for orchestrating the Hong Kong protest movement that is now in its 12th […]

Read More

To Gain Leverage in China Trade Talks, Trump Shows Solidarity With Hong Kong

WASHINGTON — President Trump has shifted his stance on the unrest in Hong Kong in recent days to show greater solidarity with the pro-democracy protesters after coming to view the issue as a point of leverage in trade negotiations with China. For months, Trump administration officials described the Hong Kong uprising as an internal matter […]

Read More

The Big Business of Scavenging in Postindustrial America

Adrian Paisley spends his days hunting for scrap metal: aluminum, brass and (holy of holies) copper. At 42, Paisley, who weighs just 135 pounds, is wiry and muscular. I once saw him move an old refrigerator by himself, hurling it onto his pickup truck as if it were made of Styrofoam. He lives for this […]

Read More

Hong Kong’s Economy Is Still Important to the Mainland, at Least Financially

Yves here. There’s a school of Hong Kong protestor critics that tries to depict them as sore losers over Hong Kong’s decline in status relative to mainland cities, particularly Shanghai. Some go further and charge that China doesn’t need Hong Kong. This article explains why those claims are exaggerated. By Alicia Garcia Herrero, the Chief […]

Read More

Alibaba Postpones Hong Kong Listing as Protests Roil Markets

LONDON — Alibaba, the Chinese e-commerce giant, has postponed plans to list its shares on the Hong Kong Stock Exchange, according to two people briefed on the matter, as protests continue to rock the Asian financial capital. The protests and the instability they created in Hong Kong’s stock market led to the postponement of the […]

Read More

Trump Never Had a Grand Strategy for China: They Were Just Tariff Tantrums

By Marshall Auerback, a market analyst and commentator. Produced by Economy for All, a project of the Independent Media Institute President Trump has delayed the new tariffs he threatened to impose on Chinese imports in the early fall, and exempted some other Chinese imports altogether. The de-escalation of the Sino-U.S. trade war is especially welcome, given the […]

Read More

Geely Sees 40 Percent Profit Slip Over First Half of 2019

<img data-attachment-id="1685804" data-permalink data-orig-file="https://www.thetruthaboutcars.com/wp-content/uploads/2019/08/geely-grille.jpg" data-orig-size="640,360" data-comments-opened="1" data-image-meta="{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"0"}" data-image-title="geely grille" data-image-description=" geely ” data-medium-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/08/geely-grille-450×253.jpg” data-large-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/08/geely-grille-610×343.jpg” class=”aligncenter size-large wp-image-1685804″ src=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/08/geely-grille-610×343.jpg” alt width=”610″ height=”343″ srcset=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/08/geely-grille-610×343.jpg 610w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/08/geely-grille-75×42.jpg 75w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/08/geely-grille-450×253.jpg 450w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/08/geely-grille-120×68.jpg 120w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/08/geely-grille.jpg 640w” sizes=”(max-width: 610px) 100vw, 610px”> China’s Geely Automobile Holdings Ltd said on Wednesday that its first-half net profit slipped 40 percent due to the extended […]

Read More

Hong Kong Is Where Peaceniks and Radicals Unite

HONG KONG — How and why have Hong Kongers managed to keep going for months, and in such large numbers, waging wave after wave of protest to oppose encroachment from China, despite the vast differences among them? One major point of contention concerns whether to resort to nonpeaceful action and how close to skirt with […]

Read More

Trump: My relationship with Tim Cook delayed Apple’s iPhone tariffs

The threat of significant U.S. tariffs on Chinese-manufactured goods has weighed on Apple’s stock for months, raising the prospect that its already expensive devices could see 10% to 25% cost hikes. But a last-minute reprieve delayed a new 10% tariff on phones and laptops until after the heat of the holiday shopping season, and the […]

Read More

Apple may use Chinese OLED screens to cut costs of 2020 iPhones

Samsung-made OLED screens are believed to be among the most expensive components in Apple’s latest flagship iPhones, so the company is working to certify Chinese-made components for next year’s models. The change would enable Apple to more easily make its standard margins on an OLED-equipped 2020 sequel to the iPhone XR, and potentially provide room […]

Read More

China Acknowledges Holding an Employee of Britain’s Hong Kong Consulate

HONG KONG — The Chinese government acknowledged Wednesday that it was holding an employee of Britain’s consulate in Hong Kong who had disappeared in early August, a case that raised fears of political applications of Chinese law to combat a monthslong protest movement. The employee, Simon Cheng, was detained while Hong Kong is in the […]

Read More