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1 Article
Source: Common Domain

The World’s Biggest Exporter Rebrands Itself as a Big Buyer

Friday 04:15 GMT

Under a clover-shaped, 15.8-million-square-foot venue starting Nov. 5, the expo may resemble the global economy itself with Italian helicopters and American soybeans, French baking yeast and a 200-metric-ton German milling machine.

For now, touting China’s role as an importer comes down to geopolitical necessity for President Xi in the face of an unprecedented pushback against his government’s global ambitions.

3 Articles
Source: Common Domain

Talk Is Cheap for China’s Economy—and Stocks

Saturday 10:50 GMT

Ahead of disappointing third-quarter figures released Friday that showed the Chinese economy grew at 6.5%—its slowest rate since 2009—the head of the country’s central bank, securities and banking regulators took to state media to emphasize the financial system’s stability, how cheap stocks look, and Beijing’s recent measures to support struggling companies.

Chinese equities still do look cheap, with Shanghai stocks trading at 12 times trailing earnings, around their lowest level since 2014.

1 Article
Source: BBC

Apple boss calls for chip story retraction

Saturday 19:05 GMT

Apple chief executive Tim Cook has called for the retraction of a story alleging Chinese infiltration in its and other major firms' infrastructure.

"Like our partners in the UK, the National Cyber Security Centre, at this time we have no reason to doubt the statements from the companies named in the story."

1 Article
Source: Common Domain

Chinese Retailer JD.com Turning Its Logistics Network Into Broader Delivery Service

Friday 03:19 GMT

Chinese online retailer JD.com JD -3.86% is staking a claim in China’s intensely competitive package-delivery market by opening its logistics network to parcels shipped by consumers and businesses.

That would turn the network of warehouses, trucks and vans JD.com uses to move goods sold on its e-commerce marketplace into a broader delivery service competing with companies like China’s ZTO Express Inc.

1 Article
Source: DW

China unveils plans to launch man-made moon into space

Saturday 16:20 GMT

China is set to launch into orbit a huge space mirror, which has been specifically designed to reflect sunlight back to Earth, the state-owned China Daily online portal reported.

In an attempt to catch up with theUnited States and Russia's space programs, China is planning a number of grand space projects. Neither Wu nor the Tian Fu New Area Science Society could be contacted to confirm the report.

1 Article
Source: DW

Is Google selling out for access to China's massive tech market?

Saturday 16:20 GMT

Read more: China's Xi Jinping urges respect for 'cyberspace sovereignty' at internet summit. "The reason we did the internal project was that it's a wonderful, innovative market and we wanted to learn what it would look like if Google were in China," said Pichai, adding that tests showed Google in China would be able to serve 99 percent of search queries.

Although Google did not announce formal plans to launch Project Dragonfly, the suggestion of Google coming back to China with a censored search engine app generated massive criticism from lawmakers, human rights activists and Google employees.

3 Articles
Source: Common Domain

Today’s Logistics Report: Trump Eyes Slower Sulfur-Rule; Piggies Go to Market; Materials Markup

Saturday 16:20 GMT

Follow him at @PaulPage, and follow the entire WSJ Logistics Report team: @costasparis, @jensmithWSJ and @EEPhillips_WSJ.

That volatility is expected to continue, squeezing the company between uncertain demand and steeper logistics costs heading into peak shipping season. Meanwhile, Chinese demand is falling for PPG’s coatings, which are used on vehicles, houses and smartphones, as consumers there spend less on cars.

1 Article
Source: Common Domain

America Struggles to Take Its Pigs to World’s Biggest Market

Friday 23:42 GMT

Many international pork suppliers acknowledge that the efficiency and scale of the U.S. meat industry, backed by abundant grain supplies to feed livestock, will ensure the U.S. remains a tough competitor.

ElPozo is breeding more pigs on farms near its headquarters in the southeastern Spanish region of Murcia to fulfill what executives hope will be a 40% sales boost over the next four years, thanks to rising exports to Asia and Latin America.

1 Article
Source: The Guradian

Interpol ex-chief may be dead, wife fears, after capture by Chinese

Saturday 06:04 GMT

The wife of Meng Hongwei, incumbent president of Interpol who has been detained in secret by China, says she is not sure her husband is alive after he disappeared mysteriously last month, to turn up under investigation in China.

After French police opened an investigation and Interpol appealed to Beijing for answers, Interpol received his resignation and Chinese authorities announced on 7 October that he was in their custody and under investigation for bribery.

1 Article
Source: Common Domain

Asian markets pull back, led by sharp declines in China

Friday 02:25 GMT

Asian stock markets fell in early trading Thursday, after Wall Street closed lower and the Fed minutes suggested more interest-rate hikes ahead.

After yesterday’s holiday and strong regional gains, Hong Kong stocks were little changed amid generally modest declines elsewhere in the region. Elsewhere, Japan’s exports fell in September for the first time in almost two years, weighed down over fears of the U.S.-China trade dispute and a global economic slowdown.

1 Article
Source: Global News

Why the Khashoggi case could have lasting implications on Saudi Arabia’s economy

Saturday 18:11 GMT

A Western boycott of a major business conference in Riyadh next week suggests rising political risks in Saudi Arabia could harm its ambitions to attract foreign capital and diversify its economy away from oil.

Rather than whipping up interest in Saudi investment opportunities, the event risks becoming a public relations debacle because of the disappearance of Saudi dissident Jamal Khashoggi, company executives and analysts say.

2 Articles
Source: Common Domain

Why investors are growing increasingly anxious about China

Saturday 15:25 GMT

Weakness in China’s currency and a rout in its stock market in 2018 are raising warning bells among investors haunted by memories of the August 2015 devaluation scare and the ensuing volatility that spooked investors.

The GDP report represented the weakest read since 2009 and was followed by a parade of statements from the People’s Bank of China, its securities regulator and banking and insurance regulator in support of the stock market and what was billed by that cohort as China’s positive economic fundamentals.

1 Article
Source: Common Domain

5G Has Arrived. It’s Been A Long Wait for Ericsson, Nokia.

Friday 22:47 GMT

Ericsson and Nokia have been waiting a while for the long-expected 5G sales boost, and it is unclear how sustained it might be.

Ericsson AB, the Swedish industry giant, reported its first profit in nine quarters, beating investor expectations and sending its shares sharply higher Thursday. The company cited strong demand from North American carriers for cellular-tower electronics and related equipment.

1 Article
Source: Fox News

Apple's Tim Cook demands Chinese spy chip story to be retracted by Bloomberg

Saturday 18:11 GMT

Apple CEO Tim Cook has upped the ante in its denial of an investigative report claiming a Chinese spy chip was embedded into the tech giant's servers, telling BuzzFeed News that Bloomberg must retract the story--"This did not happen. There's no truth to this.". "I was involved in our response to this story from the beginning," Cook said according to Buzzfeed.

Bloomberg Businessweek in its October story alleged that data center hardware used by Apple and Amazon Web Services, provided by server company Super Micro, was under surveillance by the Chinese government.

1 Article
Source: CBS News

Top DHS official Chris Krebs says ensuring election security is "a race without an end"

Saturday 09:55 GMT

Chris Krebs, the under secretary for the Department of Homeland Security's National Protection and Programs Directorate, says election security is "a race without end." On "The Takeout" podcast this week, Krebs said that while Americans should be reassured that while the 2018 election will be "one of the most secure" elections of the modern era, DHS is constantly on the forefront of battling attempted interference.


“Four hostile newspapers are more to be feared than a thousand bayonets...” ― Napoléon Bonaparte