President Trump told reporters on Sunday that Apple CEO Tim Cook privately made a "very compelling argument" that the administration's tariffs on Chinese-assembled goods have made an unfair impact on the California-based tech giant, because its chief rival, Samsung, has conducted most of its manufacturing in South Korea and did not have to pay the levy.
Saudi Arabia's crude shipments to China have doubled in the span of a year. During the same period, its oil exports to the U.S. have dropped by nearly two-thirds.
Japan has $1.12 trillion Treasury securities, and China, $1.11 trillion.
Industrial production in China grew just 4.8% in July compared to a year earlier, according to China's National Bureau of Statistics. That's the worst growth for that sector in 17 years.
China has severely restricted imports of gold since May, bullion industry sources with direct knowledge of the matter told Reuters, in a move that could be aimed at curbing outflows of dollars and bolstering its yuan currency as economic growth slows.
Those tariffs will now be delayed until December 15.
New York Times
Steve Eisman, the investor of "Big Short" fame, says his biggest worry is the Hong Kong protests, which he says could endanger any kind of trade deal with China and hurt the global economy.
The country may use it to create stability.
China has told India not to block its Huawei Technologies from doing business in the country, warning there could be consequences for Indian firms operating in China, sources with knowledge of the matter said.
China has said it is prepared to fight, if necessary. And it has one hugely powerful weapon up its sleeve: it's the American government's biggest creditor.
The trade war between the United States and China entered a more dangerous phase on Monday, as Beijing allowed its currency to weaken, Chinese enterprises stopped making new purchases of American farm goods and President Trump's Treasury Department formally labeled China a currency manipulator.
New York Times
Investors are so nervous about the trade war with China that they are frantically scooping up US government bonds and pushing yields sharply lower in the process.
President Donald Trump said Thursday that he will add a new tariff on $300 billion of Chinese-made products on September 1, which would effectively put a tax on all Chinese goods coming into the United States.
Huawei will invest 3 billion yuan (about 436 million U.S. dollars) in the next 5 years to develop an ecosystem for its ARM-based server chips and complementary products, China Daily reported Wednesday.
According to figures from the data research firm Rhodium Group, investment from China hit an all-time high of $46.5 billion in 2016. The following year that amount dropped to $29.7 billion before plummeting to a nine-year low of $5.4 billion in 2018. During that two-year period, investment declined 88 percent.
Trade wars are continuing to prompt Apple to rethink some of its manufacturing and supply chain options, with the iPhone maker said to be examining the situation of an ongoing tiff between South Korea and Japan, one which could lead to Apple using China's BOE for future iPhone display panels.
Apple is about to start trial production of its popular AirPods wireless earphones in Vietnam as the company accelerates plans to diversify manufacturing of its consumer electronics lineup beyond China, Nikkei Asian Review has learned.
Nikkei Asian Review
Global consumer electronics makers HP, Dell, Microsoft and Amazon are all looking to shift substantial production capacity out of China, joining a growing exodus that threatens to undermine the country's position as the world's powerhouse for tech gadgets.
Nikkei Asian Review
China continues to stress that the US must remove all the tariffs placed on Chinese goods as a condition for reaching a trade deal.
For the global semiconductor industry, the just-revealed truce in the "trade war" between US President Donald Trump and China's president Xi Jinping is welcome news but hardly the end of a poorly scripted economic melodrama that continues to pose dire consequences for the American semiconductor market.
Apple is manufacturing its new Mac Pro computer in China, according to people familiar with its plans, shifting abroad production of what had been its only major device assembled in the US as trade tensions escalate between the Trump administration and Beijing.
Wall Street Journal
Ren Zhengfei, the billionaire founder of Huawei Technologies whose daughter's arrest in Vancouver triggered a diplomatic crisis between China and Canada, said the company still wants to make the country its "global center for theoretical research."
The Wall Street Journal has reported that AMD's 2016 joint venture known as Tianjin Haiguang Advanced Technology Investment, or THATIC, allowed a company with ties to the Chinese military to obtain chip technology that could boost China's supercomputer efforts.
U.S. President Donald Trump is looking to require next-generation 5G cellular equipment used in the United States to be designed and manufactured outside China, the Wall Street Journal reported on Sunday, citing people familiar with the matter.
FOX Business' Connell McShane talks to China Commerce Ministry senior official Wang Hejun about the trade war and the Chinese economy.
Apple has asked its major suppliers to evaluate the cost implications of shifting 15% to 30% of their production capacity from China to Southeast Asia as it prepares for a fundamental restructuring of its supply chain, Nikkei Asian Review has learned.
Nikkei Asian Review
Since the U.S. government put Huawei on a trade blacklist, effectively banning American firms from doing business with it, China's leaders have spoken boldly about achieving self-sufficiency in the critical semiconductor business.
Carrie Lam's government could squander Hong Kong's privileged position in the eyes of foreign governments. A bill that would allow extradition to the mainland prompted hundreds of thousands to protest on Sunday. If the chief executive ignores the message, Washington, Brussels and others may reconsider their relationship with the territory. That would hurt both Hong Kong and China.
They're in a no-win situation.
China is creating a system to protect its technology, according to state media.
Apple's CEO also says he's kept a close relationship with the White House.
AMD CEO Lisa Su confirmed to Tom's Hardware at Computex 2019 that the company isn't licensing further chip designs to its China-backed joint venture.
Tom's Hardware Guide
Ren Zhengfei, the CEO and founder of embattled Chinese tech company Huawei, is defending US rival Apple.
Japan's Panasonic Corp said on its China website on Thursday it continues to supply Huawei normally. The company had said earlier that it stopped shipments of certain components to Huawei.
Chinese President Xi Jinping ramped up his rhetoric by saying China is embarking on a "new Long March, and we must start all over again!"
China's central bank will use foreign exchange intervention and monetary policy tools to stop the yuan weakening past the key 7-per-dollar level in the near-term, three people familiar with the central bank's thinking said.
President Donald Trump urged the Fed on Tuesday to match China's central bank by cutting rates. "It would be game over, we win!" Trump tweeted.
Scientific breakthrough leads to record low costs for essential battery ingredient
South China Morning Post
Toshiba still faces a tough operating environment. The system chip business remains in the red amid China's economic slowdown, and the company has decided to cut about 350 jobs from that segment via an early retirement program.
Nikkei Asian Review