China’s purchases of U.S. goods are still falling short of trade agreement levels, even as overall Chinese imports from the U.S. have surged. That’s according to analysis out Monday from the U.S.-based Peterson Institute for International Economics. In January 2020, before the coronavirus pandemic and under former U.S. President Donald Trump, China agreed to buy at […] Read more
The delta variant was first detected in India last October and it led to a massive second wave of Covid-19 cases in the country. Since then, the highly infectious strain has spread globally. The variant has usurped the previously dominant alpha variant, first detected in the U.K. last fall, and has prompted further waves of infections in […] Read more
China is cracking down on stocks that trade on U.S. exchanges. Here’s what it means if you hold them
China’s most powerful companies — including Didi, Alibaba and Tencent — are suddenly under immense scrutiny as country vows to crack down on domestic companies that list on U.S. exchanges. That move could upend a $2 trillion market loved by some of the biggest American investors. Beijing is stepping up its oversight on the flood of Chinese listings in […] Read more
China will step up supervision of Chinese firms listed offshore, its cabinet said on Tuesday, days after Beijing launched a cybersecurity investigation into ride-hailing giant Didi Global on the heels of its U.S. stock market listing. Under the new measures, China will improve regulation of cross-border data flows and security, crack down on illegal activity in the […] Read more
Newport Wafer Fab, the U.K.’s largest chip producer, is set to be acquired by Chinese-owned semiconductor company Nexperia for around £63 million ($87 million) next week, according to two sources close to the deal who asked to remain anonymous because the information is not yet public. Nexperia, a Dutch firm that is 100%-owned by China’s Wingtech […] Read more
The U.S. lags behind China and Europe when it comes to production and uptake of electric vehicles domestically, according to a new study by the International Council on Clean Transportation — and that gap widened from 2017 to 2020. The world manufactured more than 10 million electric passenger vehicles between 2010 and 2020, according to […] Read more
Travel writers make a career out of helping tourists navigate unfamiliar places. Still, even the most savvy traveler is prone to making the occasional faux pas while on vacation. Here, CNBC’s travel contributors share the biggest mistakes they see visitors make in the cities they call home. Strolling through Singapore “Attempting to stroll around Singapore […] Read more
The closure of Hong Kong pro-democracy newspaper Apple Daily is a sign that press freedom is under threat in the semi-autonomous region, according to a representative of the Hong Kong Journalists Association. “The threat is clear, very clear that we have to learn lessons from Apple Daily,” Ronson Chan, chairperson of the Hong Kong Journalists Association, told […] Read more
Embattled Hong Kong pro-democracy newspaper Apple Daily said Wednesday it will cease operations from midnight — just hours after police arrested another employee for allegedly breaching a controversial national security law. The pressure on Apple Daily leading up to its closure has raised concerns over press freedom in Hong Kong — a semi-autonomous region under Chinese rule. […] Read more
Morgan Stanley says some Chinese stocks could be winners if U.S.-China relations improve. In one of its portfolios, the investment bank listed 30 Chinese companies that depend on the U.S. market for a major chunk of their revenue. And they have a track record: The stocks outperform the MSCI China index by an average of […] Read more
