China
Apple Inc’s smartphone shipments in China saw a significant increase of 39.6% in May compared to the same month last year, according to data from the China Academy of Information and Communications Technology (CAICT). This substantial growth highlights Apple’s dominant position in the Chinese market amid a broader rise in demand for foreign-branded smartphones. Foreign-branded smartphone shipments soar In May, the shipment of foreign-branded smartphones, led by Apple, jumped by 40.1% year-over-year, reaching 5.03 million units. This marks a 44.1% increase compared to the previous month. Apple’...
Invezz
Pékin (AFP) - Le président chinois Xi Jinping a déclaré vendredi que son gouvernement prévoyait "d'importantes mesures visant à approfondir la réforme", quelques semaines avant une importante réunion politique qui devrait faire de la reprise économique une priorité. La Chine éprouve des difficultés à relancer sa croissance depuis l'abandon fin 2022 de la stricte politique sanitaire mise en place contre le Covid-19. La deuxième économie mondiale est en proie à une crise dans le secteur immobilier, à une consommation toujours faible et à un taux de chômage élevé chez les jeunes. "Nous travaillon...
AFP (Français)
Empresas tecnológicas de todo el mundo se han reunido esta semana en Shanghái en China con motivo del Congreso Mundial de Telefonía Móvil (MWC) de la GSMA para presentar las últimas novedades de la tecnología móvil, centrándose este año en la inteligencia artificial, el futuro de la 5G y la colaboración en el sector. "El MWC tiene algo para todo el mundo, ya sea electrónica de consumo con IA integrada, gafas de realidad aumentada o las soluciones de IA más novedosas", ha declarado John Hoffman, director general de GSMA. El evento del año pasado atrajo a casi 37.000 personas de 115 países y ter...
Euronews (Spanish)
Maldives Trade Minister Mohamed Saeed held discussions with senior officials from Chinese banks to form strategic alliances aimed at boosting the Maldivian economy. This comes as the US credit rating agency Fitch downgraded Maldives’ credit rating to junk status, raising concerns about the country’s ability to repay its foreign debt. High-level talks with Chinese banks While attending the 15th World Economic Forum in Dalian, China, Saeed met with senior officials from the China Industrial and Commercial Bank (ICBC) and the Bank of China. These discussions focused on strategies for further enga...
Invezz
The Hang Seng index has suffered a harsh reversal in the past few weeks as demand for Chinese equities. It is nearing a correction zone after crashing by almost 10% from its highest level this year. It was trading at H$17,720, its lowest swing since May 2nd. Xiaomi stock price implodesThe Hang Seng index has plunged recently as most constituent companies retreated. Notably, Xiaomi share price has moved into a bear market as it dropped by 205 from its highest point this year. Xiaomi has dropped because, as I predicted, its entry into the electric vehicle industry will likely be more costly in t...
Invezz
China’s benchmark government bond yield fell to a nearly 22-year low with experts attributing the development to a shift in investor behaviour towards fixed-income products amid a fragile economic recovery. The onshore 10-year government yield slipped to 2.22%, the lowest since 2002. Yields on the 20- and 50- year bonds have been trading at their historic lows for months. What does the bond market’s performance showGovernment bond yields are critical indicators of economic confidence and investor sentiment. Despite recent upgrades to growth forecasts, the bond market’s performance suggests ong...
Invezz
By Rebecca BAILEY Shanghai (AFP) - Des téléphones capables de détecter les escroqueries de type "deepfake" aux véhicules autonomes intelligents, le potentiel révolutionnaire de l'intelligence artificielle a occupé le devant de la scène lors du coup d'envoi du Salon mondial du mobile (MWC) à Shanghai, mercredi. Certaines des plus grandes entreprises chinoises ont présenté leurs derniers produits et leurs visions d'un avenir dominé par l'intelligence artificielle (IA). La marque d'appareils intelligents Honor a dévoilé une technologie capable de détecter les appels frauduleux, et d'en avertir le...
AFP (Français)
Image created from Public Domain Pictures by Oiwan Lam. License CC0 Public Domain China issued a set of guidelines for its judiciary on handling crimes related to advocating Taiwan's independence last Friday, June 21 2024. The new guidelines, jointly issued by China’s judicial and security authorities, list out acts of secession and authorize absentia trials and the punishment of “diehard” Taiwan separatists with the death penalty and no statute of limitations. Although the Chinese courts have no jurisdiction over Taiwan, the guidelines state that security authorities can issue global warrants...
Global Voices
Caption of Youtube video Mina de Buriticá: minería moderna de Colombia para el mundo. By Zijin-Continental Gold. Fair use. On May 30, 2024, four communities in Buriticá, home to 10,000 residents in western Colombia, sent an SOS letter to public authorities, urging action against the increasing violence near the country’s largest gold mine. This mine is operated by Zijin Continental Gold, a subsidiary of the Chinese company Zijin Mining, which sued the Colombian government in November 2023 for not protecting it from attacks by local miners. These local miners do traditional and small-scale mini...
Global Voices
India and China emerged as the top destinations for Russian seaborne fuel oil and vacuum gasoil (VGO) exports in May. Traders and data from LSEG indicated a significant increase in these exports, reflecting shifts in global trade patterns following the European Union’s embargo on Russian oil products. Surge in Russian fuel oil and VGO exports Russian fuel oil and VGO seaborne exports saw a notable rise of 12% from April, reaching approximately 4 million metric tons in May. This increase was partly due to the completion of seasonal maintenance, which allowed for higher production and export vol...
Invezz
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