Apple’s Q1 Smartphone Sales in China Demonstrate Decline
In the first quarter of 2024, sales of Apple Inc.’s iPhone significantly decreased in the Chinese smartphone market.
China
China’s Q1 Fiscal Revenue Demonstrates Decline
In the first quarter of the current year, China’s fiscal revenue showed a decrease of 2.3% compared to the result for the same period in 2023.
S&P Says About Loosening of China’s Fiscal Stimulus
Yunbang Xu, senior analyst at S&P Global Ratings, said that China’s fiscal stimulus program is gradually weakening.
Huawei Releases New Phone Lineup
Huawei Technologies Co. on Thursday, April 18, presented a new series of smartphones.
China’s Economy Demonstrates Growth
In the first quarter of the current year, China’s economy showed growth that exceeded preliminary expectations, turning out to be a steady process, mainly as a result of the positive state of affairs in the high-tech segment of the manufacturing sector.
Official Says About Impact of China’s Policy to Boost Demand
China’s new political strategy, which is aimed at stimulating domestic demand in this Asian country, will become a significant factor in impacting the growth of the local economy in the foreseeable future.
China Reports Inflation Data
In China, the level of consumer prices in March remained virtually unchanged compared to a year ago figure, while the cost of manufactured goods in this Asian country continues to be on a downward trajectory, which is evidence of the existence of deflationary pressures threatening the prospects of the local economic system.
Fitch Downgrades China’s Outlook
Last Tuesday, April 9, Fitch downgraded the outlook on China’s credit rating, explaining the corresponding decision by the fact that currently, this Asian country is facing such negative circumstances as growing financial risks that have arisen against the background of significant problems in the local economic system.
China’s Premier Li Qiang Assembles Economic Experts to Discuss Current Challenges
Last Monday, April 8, Chinese Prime Minister Li Qiang held a meeting with economic experts and representatives of the business community.
Global Companies With China Units Choose Cheaper Renminbi Funding
Global companies that have business in China are increasingly issuing debt obligations in renminbi to finance activities in the Asian country, as for the first time in six years such a solution has become more cost-effective compared to the practice of raising funds in US dollars.
Janet Yellen Says About Chinese Imports in New Industries
US Treasury Secretary Janet Yellen said on Monday, April 8, that Washington takes a position of protest and rejection of the formation of a situation in which Chinese imports are transformed into a factor of negative impact on the situation in new segments of the industrial system.
Economist Says About Need for China to Return to Basics
Wu Jinglian, one of China’s most outspoken and liberal economists, said Beijing should return to basics.
Analysts Say About Need for New Chinese Strategy on Global Trade
The United States is currently implementing efforts to divert international supply chains from China to other countries, which has already become a topic of active discussion in the expert community.
China’s Banks Cut Salaries
In China, the banks that demonstrate the most intensive dynamic of development have reported the largest wage cuts.
China Allocates $70 Billion to Low-Altitude Economy
The Chinese authorities have decided to scale up the process of using unmanned and other aircraft, which has caused a sharp increase in enthusiasm about the prospects for realizing the significant potential of relevant technologies that are necessary to stimulate and revitalize the low-altitude economy, which is already at a high level of development in […]
Chinese Authorities Signal Possibility of Starting Trading Government Bonds
The speech by the head of the People’s Republic of China, Xi Jinping, signals that the authorities of this Asian country may start trading government bonds in the foreseeable future to regulate liquidity in the market.
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