Counterpoint Research data shows that iPhone sales in China fell sharply during the first half of 2024.
China
China's Property Giant Evergrande and Its Founder Hui Ka Yan Accused of $78 Billion Fraud
China's real estate giant Evergrande and its founder, Hui Ka Yan, are accused of inflating revenues by $78 billion over two years before the company defaulted on its debt.
Foreign Investors On Alert As China Unusually Withdraws Cash From Banks
China's central bank withdrawal indicates cautious economic growth, disappointing stimulus hopes, and limited policy options amid yuan decline and global rate disparities.
EV Makers Become More Creative as China's EV Demands Decrease, Leading To Peculiar Add-Ons
China's decreasing EV demands are forcing EV makers to become more creative. Here are some of the most peculiar add-ons they now offer.
China Raises Spending Limit for Foreigners Using Alipay Without ID Registration
The People's Bank of China will allow foreigners to spend up to $2,000 annually on Alipay without ID registration, while Ant Group raises single transaction limits to $5,000 from $1,000.
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Besides 12 million jobs, China will also increase defense, technology, and science efforts. (Photo : Photo by Kevin Frayer/Getty Images)BEIJING, CHINA - SEPTEMBER 29: A Chinese man stands in front of his business next to China's national flag in advance of the country's national holidays, also known as Golden week, on September 29, 2020 in Beijing, China.
Yum China thrives amidst economic challenges by targeting both budget-conscious and quality-seeking consumers. Revenue soars by 19%, net profit by 81%, employing a value-driven approach.
Apple permitted occasional discounts to their iPhone 15 models in China to stimulate demand as competition with other brands intensified.
Singapore plans to acquire eight Lockheed Martin Corp. F-35A fighter planes for its defense, accelerating the country's procurement of advanced military aircraft amid tensions in the region.
China also accused U.S. companies operating in the country of espionage, raising mistrust amid economic challenges and export growth.
Tesla is set to issue a software update to address rear camera issues affecting 8,700 vehicles in China amid ongoing regulatory scrutiny.
The economy is China's utmost priority as they draft a law to protect private firms and promote nation confidence and innovation.
This week has been so brutal for China's stock market. This week has been so brutal for China's stock market. The stocks plummeted in the last hours of trading on Friday, sending investors into a state of fear as the Chinese stocks closed at a level not seen in years.
Hong Kong court ordered real estate giant China Evergrande Group to liquidate, a sign that might shake China's financial markets.
