Tag Archives: China

Former President Trump launched a “trade war” with China in 2018 that mostly produced a series of economic skirmishes and logistical workarounds. Trade between the two nations continued, with some collateral damage where Trump lobbed a tariff, or China lobbed back retaliatory measures. With far less fanfare, the Biden administration has launched a new broadside against China that could do far more damage to its economy than anything Trump contemplated, and trigger unprecedented… Source link

(Bloomberg) — Goldman Sachs Group Inc. said investors should sell S&P 500 Index calls and fund buying of the same options on the Hang Seng China Enterprises Index to position for a likely catch-up in battered China-related assets. Most Read from Bloomberg “Sentiment on China-exposed assets has remained subdued this year and did not mirror the risk appetite rebound during the summer,” undershooting a measure of investor mood for global growth, strategists including Christian… Source link

Despite hiccups with supply shortages and COVID-related shutdowns, General Motors (GM) CEO Mary Barra is bullish on the China marketplace. “We still think there’s tremendous opportunity there,” Barra said at Yahoo Finance’s All Markets Summit in an interview with Editor-in-Chief Andy Serwer. GM reported a bounceback in China sales for Q3 of this year, where it sold 629,900 vehicles, up about 1% from a year ago. While that doesn’t sound like much, sales dropped a whopping 35% in Q2 due… Source link

China has been supplying LNG to Europe after Russia curbed supply to the region.Hoëgh LNG China told state-owned natural gas importers like Sinopec and CNOOC to halt LNG sales to Europe, per Bloomberg. The order to halt resales comes as Beijing looks to protect domestic gas supplies for the winter. China has been a crucial supplier of gas to Europe as the region faces a Russia-driven energy crisis. Beijing has reportedly told state-owned natural gas importers to halt resales of cargoes to… Source link

EV (electric vehicle) stocks are on the move today as third quarter earnings season approaches. Here are two big stories that have investors’ attention. Rivian announces a big recall Rivian (RIVN) shares are sliding today after the electric adventure truckmaker announced it would recall all of the vehicles it has produced thus far due to a safety issue. The recall affects around 13,000 vehicles Rivian has delivered to customers. The safety concern at issue is a nut that attaches the front… Source link

Washington —  Google has ended its Google Translate service in mainland China, citing “low usage” of one of its flagship products by mainland China users. The move surprised users, who said they first noticed not being able to access the function over the weekend. “The Google Translate mobile app was also discontinued a year ago in 2021,” a Google spokesperson told VOA on Monday in response to a request for further details on the company’s decision. The translation service had been… Source link

Google pulled its search engine from China in 2010 because of heavy government internet censorship. Since then, Google has had a difficult relationship with the Chinese market. The end of Google Translate in China marks a further retreat by the U.S. technology giant from the world’s second-largest economy. Budrul Chukrut| SOPA Images | LightRocket | Getty Images Alphabet’s Google on Monday said it shut down the Google Translate service in mainland China, citing low usage. The move marks the end… Source link

Over the weekend, Google suspended its translation service in mainland China, ending another attempt by the U.S.-based tech company to return to the Chinese market amid Beijing’s drive to more tightly control the country’s internet. Mainland Chinese users trying to access Google Translate in China were instead shown a static image of a generic Google search bar, and a link to the company’s Hong Kong-based domain. (Google in Hong Kong is uncensored and blocked to mainland Chinese… Source link

Google appears to have disabled access to Google Translate in parts of China, redirecting visitors to the Hong Kong domain — which isn’t accessible from the mainland. According to users on Reddit and site archives viewed by TechCrunch, Google swapped the Google Translate interface at translate.google.cn with a generic Google Search page at some point within the last 24 hours. The change is reportedly impacting the translation features of apps like KOReader, a… Source link

Chinese President Xi Jinping.Kevin Frayer/Getty Images Reuters reported that China told state-owned banks to get ready to sell dollars and buy yuan in an effort to prop up the local currency. The move could stem the yuan’s fall, as it remains on track for its largest annual loss against the dollar since 1994. A hawkish Fed has pushed the dollar to 20-year highs this year, pressuring currencies around the world. The People’s Bank of China has told major state-run banks to prepare to shed dollar… Source link