Moody’s Investors Service has made a negative outlook on the sovereign creditworthiness of the Asia-Pacific region, citing factors such as the slowdown in China’s economic growth, risks associated with the current state of affairs in the sphere of geopolitics, and tight funding as the reasons for this point of view.
Chinese Premier Li Qiang on Tuesday, January 16, during a speech at the annual meeting of the World Economic Forum in Davos, Switzerland, said that the growth of the Asian country’s economy over the past year amounted to approximately 5.2%.
For the first time in many years, Apple is offering discounts on the purchase of new iPhone smartphones in the Chinese market.
China’s exports in 2023 showed a negative dynamic of the decline.
In China, local authorities have appealed to banks and insurance companies with a strong recommendation to inspect security systems, focusing in this case on issues such as data protection and anti-cybercrime tools.
The American chip manufacturer Nvidia intends to launch mass production of microcircuits with artificial intelligence for the Chinese market, developed following the current export rules of the United States, in the second quarter of this year.
Analysts at Jefferies Independent Investment Bank, led by Edison Lee, believe that the decline in sales of iPhone smartphones in the Chinese market will show a strengthening trend in the foreseeable future.
The media reports that the Chinese Ant Group is currently preparing to implement its intention to acquire the Dutch payment company MultiSafepay.
The Chinese shadow banking giant Zhongzhi Enterprise Group Co. has filed for bankruptcy.
A private gauge of factory activity in China showed an increase in December.
Last month, the People’s Bank of China injected almost $50 billion into policy-oriented lenders.
The Dutch company ASML, which specializes in the manufacture of equipment for the production of chips, announced an order received from the Netherlands government to stop supplying some of its products to China.
In China, local officials have released information on their priorities for next year, which includes, among other things, promises from some of the country’s most financially secure provinces to become a driving force in stimulating the growth of the state’s economy.
In 2023, Huawei Technologies Co.’s preliminary total revenue showed growth of 9% year-on-year.
The user base of an artificial intelligence-based chatbot called Ernie, developed by the Chinese company Baidu, has reached a milestone of 100 million people.
The American company Nvidia, which is currently the largest player in the global chip manufacturing industry, intends to release a special version of one of its gaming processors for the Chinese market.
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