China’s once-a-decade leadership handover on November 15 will lift auto and consumer companies, according to a report by brokerage firm Kepler Capital Markets.
Harsh words from Republican candidate Mitt Romney about branding China a currency manipulator if he’s elected president next month is politics, but the rhetoric may well encourage Beijing to keep nudging its currency higher in the weeks ahead to avoid being at the center of the U.S. election debate, analysts say.
China’s economic growth promises opportunity — primarily in companies located elsewhere, Rutledge Capital Chairman John Rutledge said Tuesday on CNBC.
The Obama administration plans to file a broad trade case at the World Trade Organization in Geneva on Monday accusing China of unfairly subsidizing its exports of autos and auto parts, a senior administration official said late Sunday, in a move with clear political implications for the presidential elections less than two months away.
The current slowdown in the Chinese economy is not a bad thing given that it was overheating just a year ago, Zhu Min, Deputy Managing Director of the International Monetary Fund (IMF), said Wednesday. He added that Beijing has plenty of room to maneuver monetary and fiscal policies if it wanted to shore up the economy.
As Apple prepares to unveil the latest iPhone this week, the company’s manufacturing partner in China, Foxconn Technology, is coming under renewed criticism over labor practices after reports that vocational students were being compelled to work at plants making iPhones and their components. The NYT reports.
The latest signs of weakness in China’s economy have raised the risk of Beijing missing its growth target for 2012 – something that has not happened in 14 years. This, however, could push policymakers - so far reluctant to come up with a 2008-style bumper stimulus package - to do more to bolster the flagging economy, say analysts.
A growing stack of gloomy economic numbers from China has triggered a concern that China’s policymakers may be taking their eye off the ball when it comes to the economy, especially as officials prepare for a once-a-decade leadership transition.
The latest batch of weak economic data from China is piling pressure on Beijing to act fast to shore up an economy that is slowing faster than expected, but experts say there are plenty of reasons why any stimulus might not come soon.
China’s battered stock market has slumped to its lowest level in 3-1/2 years this week and the selling appears to be relentless, but analysts tell CNBC that Chinese shares are not on the verge of a 2008-style market collapse.
Softening Chinese demand and a swooning stock market is making investors fearful about an economic retrenchment, a prominent China-watcher told CNBC Monday.
No reason has been given yet for the departure of founder and executive chairman George Zimmer, reports CNBC's Courtney Reagan. Zimmer has long been the face of the company.
Wednesday, 19 Jun 2013 | 10:52 AM ETCNBC's Rick Santelli, explains why he hears 'crickets" when he asks questions about Fed Chairman Bernanke's policies. "Enough is enough," he rants.
Wednesday, 19 Jun 2013 | 11:36 AM ETAre reporters lobbing "softball" questions at the Fed chairman? CNBC's Rick Santelli and the Wall Street Journal's Jon Hilsenrath, debate whether the economy continues to need quantitative easing. I'm trying to inform the public about what the Fed is up to, says Hilsenrath.