U.S. President Joe Biden speaks with workers while visiting CS Wind, the largest wind tower manufacturer in the world, in Pueblo, Colorado, U.S., November 29, 2023. Andrew Caballero-Reynolds | AFP | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything … Read more
Taiwan People’s Party (TPP) presidential candidate Ko Wen-je speaks during an interview in New Taipei City on December 12, 2023. Presidential candidate Ko Wen-je has sought to portray himself as an alternative to Taiwan’s more established leaders, proposing what he calls a “pragmatic” approach to China ties that might attract some younger voters. I-Hwa Cheng … Read more
Tesla CEO Elon Musk said Wednesday that Chinese electric vehicle companies will “demolish” their competitors elsewhere in the world without trade barriers. “Our observation is generally that the Chinese car companies are the most competitive car companies in the world, so I think they will have significant success outside of China, depending on what kind … Read more
ZHENGZHOU, CHINA – SEPTEMBER 22: Students attend a job fair for graduates at Zhengzhou University on September 22, 2023 in Zhengzhou, Henan Province of China. (Photo by VCG/VCG via Getty Images) Vcg | Visual China Group | Getty Images China’s youth unemployment will likely stay elevated this year due to a lingering mismatch, according to … Read more
Apple CEO Tim Cook holds up a new iPhone 15 Pro during an Apple event on Sept. 12, 2023, in Cupertino, California. Justin Sullivan | Getty Images News | Getty Images Apple for the first time became the largest smartphone vendor in China by shipments, new data for 2023 released on Thursday showed. The iPhone … Read more
Elon Musk speaks onstage during The New York Times Dealbook Summit 2023 at Jazz at Lincoln Center on November 29, 2023 in New York City. Slaven Vlasic | Getty Images Elon Musk said Chinese electric automakers will find “significant” success outside of China, even as his firm Tesla faces intense competition from these same companies. … Read more
A customer visits a supermarket in San Mateo, California, on Dec. 12, 2023. Li Jianguo | Xinhua News Agency | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what … Read more
A newly built property is seen from the air in Hangzhou city, Zhejiang province, China, Dec 15, 2023. CFOTO | Future Publishing | Getty Images China’s property stocks jumped after the country’s central bank announced measures that would help boost the liquidity available to property developers. The move will ease a lingering cash crunch for … Read more
Workers assemble mobile phones at a Dixon Technologies factory in Uttar Pradesh, India, on Thursday, Jan. 28, 2021. Bloomberg | Bloomberg | Getty Images U.S. firms are increasingly viewing China as a risky bet for their supply chains — neighbor India is set to benefit as companies look elsewhere to set shop. As many as … Read more
The U.S. Navy is encountering a tenacious threat in the Red Sea. The Iran-backed Houthi rebels have launched wave after wave of low-cost precision weapons at vessels transiting the area, including attacks on U.S. warships themselves. “That’s one of the things [that] the Red Sea sort of demonstrates … we never know where the maritime … Read more
