The U.S. announced fresh sanctions against hundreds of Chinese and Russian suppliers. The U. S. government announced fresh sanctions against Chinese and Russian suppliers on Wednesday, May 1.
China
Tesla Senior Executive To Be Relocated to China Following More Declining Sales
Tesla is sending senior executive Tom Zhu back to China following declining sales in the competitive electric car market. The company hopes to address challenges in the region.
Apple's 10% iPhone Discount Boosted China Shipments to 12% in March
A surge of approximately 12% in iPhone shipments was recorded in China for the month of March, thanks to up to 10% discounts initiated by Apple and its partners. This follows a 37% sales decline earlier in 2024 and heightened competition from Huawei.
UK’s Defense Ministry ‘Hacked by China’
The British Ministry of Defense has recently encountered a cyberattack on its third-party payroll system, which serves active and retired military personnel.
General Motors May Have to Leave China After Reporting $106 Million Loss in Just 3 Months
General Motors might need to leave China as losses mount to $106 million in just three months, the third time in 15 years.
Latest News
This trend shows that Chinese people still want to be luxurious but are okay with secondhand goods. China's secondhand luxury shopping sector is booming, and sales continue to rise.
Chinese firms operating in the Russian market are looking for alternate ways to facilitate trade with its northern neighbor, as they can no longer rely on large banks to finance such transactions.
NASA Administrator Bill Nelson warns that China's space advances could potentially spark lunar territorial disputes similar to those in the South China Sea.
The Customs Tariff Commission of the State Council announced Monday that China will continue to exempt some US imports from extra taxes until the end of November this year.
Antony Blinken said they are looking at any Chinese interference in the elections. US Secretary of State Antony Blinken has issued a cautionary statement regarding potential Chinese interference in the upcoming elections.
China's space tourism could soon happen as the government considers allowing the Tiangong space station to host tourists.
Counterpoint Research data shows Huawei's smartphone sales surged 69.7% in Q1, while Apple's iPhone sales fell 19.1%.
In Q1 2024, iPhone sales in China dropped significantly by 19.1%, contrasting with the modest 1.5% growth in the overall smartphone market, largely attributed to Huawei's 69.7% surge with its Mate 60 series.
A senior State Department source says US Secretary of State Antony Blinken would warn China about its military support for Russia when he arrives this week.
