Huawei is giving Apple stiff competition in China. Suppliers to watch
A clear takeaway from the Biden-Xi summit is that American restrictions on sales of high-end tech to China will not be going away.
Source: cnbc.com
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Era Ends for China's Legendary Stock Picker
Investors who closely followed the stock picks of one of China’s most successful brokers are wandering in the wilderness—and wondering what will happen next to their unemployed luminary Wang Yawei.In April, and without warning, Wang resigned from his position as a star public funds manager for China Asset Management Co. Ltd.
Source: chinafile.com
Hong Kong leads rebound in Asia markets; Australia reports higher-than-expected inflation figures
Australia’s third quarter inflation rate stood at 5.4%, slightly higher than expected. The reading will give clues to the country’s central bank next moves.
Source: nbcphiladelphia.com
China signals more support for struggling local governments
The central government formalized a process for local governments to borrow for the year ahead — starting in the preceding fourth quarter, state media said.
Source: nbcphiladelphia.com
Shanghai port operator aims to expand capacity of its automated terminal at Yangshan and help shippers reduce waiting time and costs
Yangshan deep water port in Shanghai aims to expand handling capacity of its automated container terminal to reduce vessels’ waiting time and operating costs for ocean carriers amid a trade slowdown in China.
Source: scmp.com