The possible reopening of the Strait of Hormuz may not prompt China to return quickly to prewar levels of oil purchases from the Persian Gulf.
Category: China
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Xi Jinping Quit Smoking. China Still Cannot.
The New York Times – Business:China’s tobacco monopoly has become so financially vital to the government that even its powerful leader has failed to curb the country’s smoking habit.
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$140,000 E.V.s and Heritage Gold: The Rise of China’s Homegrown Luxury Market
The New York Times – Business:As China’s economy slows, consumers are increasingly turning to domestic luxury products, challenging the dominance of long-established European brands.
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Elon Musk and Other CEOs on Trump’s Trip to China Sought Relief
The New York Times – Business:Elon Musk and other powerful executives who accompanied President Trump to China are hoping to clear roadblocks put up by Beijing.
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Trump Approved an Nvidia Chip for Sale in China. Beijing Doesn’t Want It.
The New York Times – Business:The U.S. tech giant’s powerful H200 chip seemed poised to boost Beijing’s A.I. ambitions, but not a single one has been purchased in China.
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China’s Housing Slump Shows Signs of Bottoming Out. We’ve Been Here Before.
The New York Times – Business:Property prices in Shanghai, in particular, are rebounding, but the national market still faces an enormous overhang — 90 million empty or unfinished apartments.
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Nvidia’s Profit Hits $58.3 Billion as A.I. Boom Gathers More Steam
The New York Times – Business:The chip maker said its profit in its most recent quarter jumped 211 percent from a year ago thanks to extreme demand from other big technology companies.
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China Confirms It Will Buy 200 Boeing Planes
The New York Times – Business:The deal, which President Trump announced after last week’s summit, represents the largest single sale of the American company’s aircraft to Beijing in nearly a decade.
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China Wants A.I. to Flourish, but Not at the Expense of Jobs
The New York Times – Business:A series of precedent-setting rulings signals that Chinese courts are being enlisted to shield workers from displacement by artificial intelligence.
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China Indicates Tariffs Were Discussed at Trump Summit
The New York Times – Business:China’s Ministry of Commerce said Saturday that the countries had struck a preliminary agreement to reduce some tariffs, seemingly contradicting statements by President Trump
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For Xi’s Critics, Trump’s China Visit Is Fuel for Jokes They Can’t Tell
The New York Times – Business:On Threads and other sites, liberal-minded Chinese accounts were mocking the proceedings and offering a rare window into opinions on Mr. Xi and his leadership style.
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What Trump Gained, and Didn’t, From China
The New York Times – Business:President Trump is returning home from Beijing after a two-day summit that achieved a few deals but left investors and analysts underwhelmed.