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Forget the Trade War - China Is Already in Crisis

Written by Tony Harkén on fredag, 18 januari 2019. Posted in Right Top, Kina, Artiklar om Kina, Main 1

Even if the second-largest economy resolves the current slowdown, it will remain mired in a debt-driven slump.

Once again, the world’s investors are turning their worried gaze toward China. And for good reason. Economic growth in the third quarter sank to 6.5 percent, the slowest pace since the depths of the global financial crisis in 2009. Car purchases fell last year for the first time in more than two decades.

Read more at - China Is Already in Crisis

US-China trade war could create winners in Southeast Asia – report

Written by Tony Harkén on onsdag, 09 januari 2019. Posted in Kina, Artiklar om Kina, Right 1, Right bottom - 8st

The trade war between Washington and Beijing is pushing many global companies to rethink their supply chains.

As a result, a bloc of Southeast Asian countries stands to benefit tremendously, according to consulting firm Bain & Co.

In the short term, there will be an adverse effect on the region as an exporting base for the world and for the US in particular, said Satish Shankar, Bain & Co’s managing partner for Southeast Asia.

Take part of - US-China trade war could create winners in Southeast Asia

Elon Musk in China to Break Ground for First Tesla Factory Outside U.S.

Written by Tony Harkén on måndag, 07 januari 2019. Posted in Kina, Artiklar om Kina, Main 4, Left 2 - 3st

After four years of planning, Tesla Inc. is finally breaking ground on its $5 billion factory in the world’s biggest auto market.

But the timing couldn’t be more inauspicious. Apple Cuts Outlook as Chinese Slowdown Hits Demand for IPhones.

Take part of - Elon Musk in China to Break Ground for First Tesla Factory Outside U.S.

China Is Cutting Back on iPhones. Louis Vuitton Handbags Could Be Next

Written by Tony Harkén on fredag, 04 januari 2019. Posted in Kina, Artiklar om Kina, Main 3, Right bottom - 8st

After Apple Inc.’s shock profit warning, investors were quick to make the connection: if Chinese consumers are cutting back on iPhones, Louis Vuitton handbags could be next.

Apple’s sales revision cascaded through global markets, hitting suppliers and rivals, but also a raft of luxury-goods companies that rely on the same clientele that likes to splurge on Apple’s latest products. Gucci-parent Kering SA, LVMH Moet Hennessy Louis Vuitton, Burberry Group Plc and Richemont, the parent of jeweler Cartier, all declined in the wake of Apple’s shortfall.

Read more at - Bloomberg Business

Brokers pledge US$7.65 bn to support private firms

Written by Tony Harkén on fredag, 21 december 2018. Posted in Kina, Artiklar om Kina, Left 2 - 3st, Main 5

At least 42 brokerage firms in China have stepped forward to launch asset management plans to help private enterprises ease their financing difficulties.

So far, 42 securities brokers have pledged to invest 52.75 billion yuan (US$7.65 billion) to launch asset management plans to help private enterprises ease their financing difficulties, The Paper reported.

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China Built a Global Economy in 40 Years. Now It Has a New Plan

Written by Tony Harkén on torsdag, 20 december 2018. Posted in Kina, Artiklar om Kina, Main 3, Right bottom - 8st

Deng’s 1978 reforms gave China economic might. Now Xi wants more.

Forty years ago, China introduced major economic reforms - lifting hundreds of millions of people out of poverty and leading to it becoming the second-largest economy in the world.

Take part of a long read at - Bloomberg Businessweek

China’s Plan to Sideline Bitcoin

Written by Tony Harkén on måndag, 17 december 2018. Posted in Kina, Artiklar om Kina, Right bottom - 8st, Main 6

Beijing has accumulated dozens of blockchain patents. Crypto fans won’t like what comes next.

When Satoshi Nakamoto introduced Bitcoin to the world in 2008, he or she or they (the mystery endures) pitched it as a way to end the power of central authorities in finance.

Ten years on, the Chinese government is adapting the ideas behind Bitcoin to do the exact opposite.

Read more at Bloomberg - China’s Plan to Sideline Bitcoin

China plucks Canada Goose caught in crossfire of Huawei arrest

Written by Tony Harkén on torsdag, 13 december 2018. Posted in Kina, Artiklar om Kina, Right bottom - 8st, Main 6

Canada Goose stock saw a dramatic plunge after Chinese social media reportedly urged the country’s consumers to boycott the world-famous brand amid the recent detention of Huawei finance chief by Canadian authorities.

Shares of the Toronto-based clothing company, whose parkas go for $1000, dropped nearly 20 percent over just four days. At the same time, shares of a Hong Kong-based apparel maker, Bosideng, surged around 13 percent, hitting a five-year high.

Read more at RT

Michael Kovrig: Canadian ex-diplomat 'held in China'

Written by Tony Harkén on onsdag, 12 december 2018. Posted in Kina, Artiklar om Kina, Right bottom - 8st, Right 2

A Canadian, reported to be a former diplomat, has been detained in China and his current employer says it is working for his prompt release.

The news comes days after Canada arrested a top executive of the Chinese telecoms giant Huawei.

Read more at BBC

Chinese province pledges billions to drive tech, innovation

Written by Tony Harkén on tisdag, 11 december 2018. Posted in Kina, Artiklar om Kina, Left 1, Left 2 - 3st

China's coastal province of Zhejiang, home to e-commerce giant Alibaba , has pledged more than $17 billion to drive the tech industry and innovation in the coming five years, the state news agency Xinhua reported.

The plan comes at a time when central and local governments around China are taking increasing steps to boost the struggling private sector and enhance the competitiveness of the country’s home-grown technology firms.

Read more at - Chinese province pledges billions to drive tech

Huawei arrest stokes fears of China reprisals among America Inc executives

Written by Tony Harkén on måndag, 10 december 2018. Posted in Kina, Artiklar om Kina, Left 1, Right 1, Right bottom - 8st

A closed-door security meeting of U.S. companies in Singapore on Thursday.

One topic was high on the agenda: the arrest of a top executive at Chinese tech giant Huawei [HWT.UL] and the potential backlash on American firms operating in China.

Officials from major U.S. companies who attended the event, a scheduled meeting of the local chapter of the U.S. Department of State’s Overseas Security Advisory Council (OSAC), voiced concerns about retaliation against American firms and their executives, two people with knowledge of the meeting said.

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China warns of ‘serious consequences’ if Canada doesn't release detained Huawei executive

Written by Tony Harkén on söndag, 09 december 2018. Posted in Kina, Artiklar om Kina, Main 2, Right bottom - 8st

Beijing has threatened Ottawa with consequences if it doesn't release Huawei's chief financial officer.

The executive was detained over her alleged connection with a company that tried to smuggle embargoed phones into Iran.

“China strongly urges the Canadian side to immediately release the detained person, and earnestly protect their lawful, legitimate rights, otherwise Canada must accept full responsibility for the serious consequences caused,” Vice Foreign Minister Le Yucheng said on Saturday.

Read more at - China warns of ‘serious consequences’

Huawei CFO arrested in Canada on suspicion of violating US sanctions

Written by Tony Harkén on torsdag, 06 december 2018. Posted in Kina, Artiklar om Kina, Main 1, Right bottom - 8st

Meng Wanzhou faces extradition to the US as Asian shares plunge amid fears of worsening relations between Washington and Beijing.

Canada has arrestedHuawei’s global chief financial officer in Vancouver, where she is facing extradition to the US in a move likely to exacerbate tensions between the US and China.

Read more at - Huawei CFO arrested in Canada

Reuters Investigates - Tracking China’s Muslim Gulag

Written by Tony Harkén on torsdag, 06 december 2018. Posted in Kina, Artiklar om Kina, Left 2 - 3st, Right 2

China is accused of incarcerating hundreds of thousands of Muslims in detention camps that are rising from the desert sands in Xinjiang.

A forensic analysis of satellite images of 39 of these facilities shows they are expanding rapidly.

Uighurs have bristled at what they say are harsh restrictions on their culture and religion.

They have faced periodic crackdowns, which intensified after riots in the regional capital in Urumqi in 2009 killed nearly 200 people.

Bombings in Xinjiang and attacks allegedly carried out by Uighur separatists, including a mass stabbing in the city of Kunming in China’s southwest in 2014 that killed 31 people, led to further restrictions.

Reuters Investigates - Tracking China’s Muslim Gulag

How China Is Buying Its Way Into Europe

Written by Tony Harkén on torsdag, 06 december 2018. Posted in Kina, Artiklar om Kina, Main 3, Right bottom - 8st

For more than a decade, Chinese political and corporate leaders have been scouring the globe with seemingly bottomless wallets in hand.

From Asia to Africa, the U.S. and Latin America, the results are hard to ignore as China has asserted itself as an emerging world power. Less well known is China’s diffuse but expanding footprint in Europe.

Take part of a long read from Bloomberg - By Andre Tartar, Mira Rojanasakul and Jeremy Scott Diamond - How China Is Buying Its Way Into Europe

Russia’s Rosneft aims for $500bn worth of energy deals with China

Written by Tony Harkén on fredag, 30 november 2018. Posted in Kina, Artiklar om Kina, Main 4, Left 1, Right bottom - 8st

Russian energy major Rosneft has a “leading role” to play in ensuring China’s energy security, according to the company’s Chief Executive Igor Sechin.

Speaking at the first Russian-Chinese Energy Forum in Beijing, he said the total volume of Rosneft’s crude shipments to China is expected to exceed 50 million tons this year. “Rosneft is one of the leaders in terms of petrochemical supplies to China,” he said.

According to Sechin, the company supplied about 40 million tons of oil last year, “thereby providing about 6.5 percent of China’s total raw materials demand.”

More information at RT

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