Softening demand in China is being felt around the world, with slowing sales of goods from iPhones to automobiles, prompting warnings from the likes of Apple (NASDAQ:AAPL) and from Jaguar Land Rover, which last week announced sweeping job cuts.
US-China Trade War
China to set lower GDP growth target of 6.5 percent in 2019, as Beijing gears up to cope with higher U.S. tariffs and weakening domestic demand
Data later this month is expected to show the Chinese economy grew around 6.6 percent in 2018 – the weakest since 1990. Analysts are forecasting a further loss of momentum this year before policy support steps begin to kick in.
China has the “good faith” to work with the United States to resolve trade frictions, the Foreign Ministry said on Monday
Trump said on Sunday that trade talks with China were going very well and that weakness in the Chinese economy gave Beijing a reason to work toward a deal
U.S. and Chinese officials are set to begin trade negotiations on Monday in the hope of reaching a deal during a 90-day truce between President Donald Trump and his counterpart Xi Jinping
U.S. and Chinese officials are set to begin trade negotiations on Monday. Here are seven issues that will be key to making headway
Apple cut its sales forecasts for its key end of year period on Wednesday, citing the unforeseen “magnitude” of the economic slowdown in China
Apple stocks tumble after company cuts forecasts for key quarter. Tim Cook cites unforeseen magnitude of economic slowdown in China in a letter to shareholders explaining the change
China’s factory activity contracted for the first time in 19 months in December as domestic and export orders continued to weaken
New orders — an indicator of future activity — fell for the first time in two and a half years, with companies reporting subdued demand despite some price discounting. New export orders shrank for the ninth month in a row.
China’s industrial profits suffer first drop in three years. Economists expect earnings to continue to worsen next year
Industrial profits fell 1.8 percent in November from a year earlier to 594.8 billion yuan ($86.33 billion), the National Bureau of Statistics (NBS) said on its website on Thursday. It marked the first decline since December 2015.
China and the United States have slapped tariffs on billions of dollars of each other’s goods, hurting manufacturing and casting a shadow on the outlook for global growth.
Growth in China’s factory sector stalled in September after 15 months of expansion, with export orders falling the fastest in over two years.
StockMarketNews.Today – A separate, official survey confirmed a further weakening in Chinese manufacturing last month, with domestic and export demand also softening, though its headline reading still pointed to some growth.
The European Investment Bank has bowed to calls to reform. The lender, which is owned by EU states, has agreed to start talks to become independently supervised by the European Central Bank.
StockMarketNews.Today – The decision came after Brexit sparked a debate among EU finance ministries about how best to maintain the EIB’s financial firepower once Britain, which provides €39bn of the lender’s €243bn capital base, leaves.