Foxconn protests, Covid cases cause chaos inside China factory

Chinese factory laborers call jobs like Hunter’s “working the screws.” Until recently, the 34-year-old worked on the iPhone 14 Pro assembly line at a Foxconn factory in the central Chinese city of Zhengzhou. His task was to pick up an iPhone’s rear cover and a tiny cable that charges the battery, scan their QR codes, … Read more

What does China reopen markets mean?

China’s reopening to the world after three years of President Xi Jinping’s zero-Covid policy has raised hopes of a broad economic recovery. Traders are already betting on sharp increases in demand for Chinese copper, iron ore and technology stocks, which have posted a $700 billion rally since their October 2021 low. On Monday, gains in … Read more

Virtual employees are on the rise in China, should Americans worry?

Technology has taken the world by storm, especially over the past decade with the advent of the gig economy. Now, more and more companies are figuring out how to make themselves more efficient by becoming more technology friendly. Click for KURT’s online newsletter with quick tips, tech reviews, security alerts, and how-tos to make you … Read more

The Covid wave in China increases consumer interest in health insurance

Chuiyangliu Hospital, pictured in January 2023 in Beijing, has in the past few years finished renovations that have allowed daily patents to increase sixfold to 5,000 per day, according to official estimates. Yin Hun Chau | CNBC BEIJING — Health, sports and wellness top the shopping list for anyone in their late 20s or older … Read more

Australia PMI, Japan Jibun Flash PMI, Lunar New Year holiday

CNBC Pro: These 6 Global Low-Debt Stocks Are Set to Outperform, Bernstein Says Higher interest rates have significant implications for companies with significant debt, as they are likely to face higher costs from increased borrowing. With interest rates still rising, analysts at Bernstein believe stocks with low exposure and high debt quality should outperform. The … Read more

Entrepreneurs Flee China’s Heavy Grip: ‘You Don’t Have To Stay There’

SINGAPORE – They left after the government cracked down on the private sector. They escaped the harsh “zero COVID” policy. They looked for a safe haven for their fortunes and families. They went to Singapore. Dubai United Arab Emirates; malta; London. tokyo; and New York—nowhere but their native China, where they felt their origins and … Read more

Entrepreneurs Flee China’s Heavy Grip: ‘You Don’t Have To Stay There’

SINGAPORE – They left after the government cracked down on the private sector. They escaped the harsh “zero COVID” policy. They looked for a safe haven for their fortunes and families. They went to Singapore. Dubai United Arab Emirates; malta; London. tokyo; and New York—nowhere but their native China, where they felt their origins and … Read more

Morgan Stanley CEO Says Inflation Has Peaked and China Has Hit the Head – Economics Bitcoin News

James Gorman, CEO of Morgan Stanley, says two recent changes are of “huge significance” for the economy. The executive explained that inflation has clearly peaked and that China has achieved a “major pivot” economically. CEO of Morgan Stanley on the US economy and inflation Chairman and CEO of global investment bank Morgan Stanley James Gorman … Read more

Report, CIOSEA News, ETCIO SEA

Spending on cloud services in Asia Pacific fell sharply in the fourth quarter, weighed down by China’s troubled technology sector, according to the latest State of the Industry report from Information Services Group (NASDAQ:III), a leading global technology research and advisory firm. The Asia Pacific ISG Index™, which measures business outsourcing contracts with an annual … Read more

The Chinese are turning to traditional remedies to fight Covid

Jade Gao’s photo. Video Danny Chu, Michael Zhang, Yan Zhao, Riley Zhang As Covid-19 tears apart China’s massive population, sickening millions of people and fueling drug shortages, many are turning to age-old traditional medicines to battle the aches and pains of the virus. President Xi Jinping has promoted traditional Chinese medicine since the start of … Read more