Apple iPhone sales plunge 24% in China as Huawei smartphone business resurges, report says
Analyst firm Counterpoint Research said iPhone sales dropped 24% in the first six weeks of 2024 as Apple faced stiff competition from local smartphone firms.
International: Top News And Analysis
Apple’s sales plunged in China — these are the iPhone giant’s 5 biggest problems right now
Apple is facing challenges in China including cautious consumer sentiment and intense competition, in particular from a rejuvenated Huawei.
International: Top News And Analysis
China skeptic Lai Ching-te wins Taiwan’s presidential election
Taiwan’s ruling Democratic Progressive Party on Saturday won an unprecedented third-straight presidential term.
International: Top News And Analysis
China is ‘on the verge of deflation’ — and plunging pork prices aren’t helping
Plunging pork prices in China are tilting the country towards deflation, in what is yet another whammy for China’s disappointing economic recovery story.
International: Top News And Analysis
Russia relishes divisions between China and the U.S., pouring cold water on Xi-Biden talks
Russia is attempting to make the APEC summit, and talks between Xi and Biden, look like a diplomatic and geopolitical failure.
U.S. News
How surging trade with China is boosting Russia’s war
Russian customs data filed as recently as August 2023 point to the continued supply of battlefield equipment, including drones, helmets, vests and radios, from China, new analysis by CNBC shows.
International: Top News And Analysis
Upcoming Hyatt Centric East CBD Chengdu to Elevate Lifestyle Hospitality in Southwest China
The lifestyle hotel is set to open in 2025 in the city’s iconic upscale commercial complex, the Ring Chengdu
Breaking Travel News | News
Automakers promote advanced tech to compete in China — the world’s top EV market
China is the world’s largest EV market with 5.9 million units sold in 2022, capturing 59% of EVs sold globally, according to Canalys.
International: Top News And Analysis
Contraction in China factory activity extends into a fourth month
The official manufacturing purchasing managers’ index came in at 49.3 in July — compared with 49.0 in June, 48.8 in May and 49.2 in April.
International: Top News And Analysis
How China is threatening U.S. GPS dominance with Beidou
China’s Beidou global navigation satellite system has 1.1 billion users, the country says.
U.S. News
Oil markets will face ‘serious problems’ as demand from China and India ramps up, IEF secretary general says
Oil prices are set to rise in the second half of the year, as supply struggles to meet demand, according to an International Energy Forum official.
International: Top News And Analysis
China has a new foreign relations law. Here’s what it means for business
For foreign businesses in China, geopolitics hold more sway than new Chinese laws, analysts say.
International: Top News And Analysis