china

iPhone Shipments Plummet 10% in China Despite Smartphone Industry Rebound – What’s Next for Apple?

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Cupertino, California – Apple Inc.’s iPhone shipments saw a significant 10% decline in the March quarter, falling below analyst expectations, particularly in China where sales have been struggling. Despite a wider rebound in the smartphone industry, Apple shipped 50.1 million iPhones in the first three months, missing the estimated 51.7 million units for the period. The company has been facing challenges in maintaining sales in China due to increased competition from local brands like Huawei, …

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Bitcoin Rally Anticipation: China ETF Approval Sparks Speculation for Halving Surge

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Hong Kong, a global financial hub known for its innovation in the cryptocurrency market, is gearing up for a potential game-changing development. Reports suggest that Hong Kong may soon approve the launch of Bitcoin and Ethereum Exchange-Traded Funds (ETFs), adding more legitimacy and accessibility to these digital assets. This potential approval comes at a time when investors are closely watching the cryptocurrency market, especially with the upcoming Bitcoin halving event. The halving, which occurs approximately …

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Imports and Exports Plummet in China, Shocking Forecasters – Full Coverage available on Absolute News

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Beijing, China – China’s latest trade data shows a significant decrease in both exports and imports for the month of March, falling short of analysts’ expectations by a considerable margin. This decline in trade activity is attributed to various factors affecting the global economy, impacting China’s position as a key player in international trade. The data released by Chinese authorities indicates a noticeable drop in exports, marking the lowest level since 2020. Similarly, imports into …

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Telecom Bombshell: China Orders Carriers to Ditch Foreign Chips, Intel and AMD Take Hit, Exclusive Report from The Wall Street Journal

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Beijing, China – Chinese authorities have issued a directive to telecom carriers instructing them to gradually eliminate the use of foreign-made chips in their networks. This move is expected to have significant implications for major chip manufacturers like Intel and AMD. The decision by China to phase out foreign chips is seen as a strategic step towards reducing dependency on foreign technology and strengthening domestic chip production. This directive is likely to impact not only …

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China “Ex-president Urges Taiwan and China to Resolve Differences in Historic Meeting”

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President Xi Jinping of China met with former Taiwan President Ma Ying-jeou in Beijing, marking a significant event in cross-strait relations. This rare meeting between the two leaders aimed at discussing differences and potentially finding common ground. The meeting between Xi and Ma comes at a time when tensions between Taiwan and China have been high, with both sides claiming sovereignty over the island. The dialogue between the two leaders is seen as a step …

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Apple Triples India iPhone Output, Doubling Production in Major Shift Away from China! Unlock Secrets of India’s Economic Rise with Menaka Doshi’s Exclusive Newsletter!

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Mumbai, India – In a strategic move to diversify its manufacturing base and reduce its dependence on China, Apple Inc. has significantly ramped up its production of iPhones in India. With a staggering $14 billion worth of iPhones assembled in India during the last fiscal year, the tech giant has effectively doubled its output, signaling a shift towards expanding its global production footprint. The decision to increase production in India reflects Apple’s efforts to navigate …

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Blizzard Games Make Epic Return to China in Summer 2024: Microsoft’s Exciting New Deal Revealed!

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Los Angeles, CA – After being absent from the Chinese market for nearly a year and a half, Blizzard Entertainment has announced its return in the summer of 2024. This comeback comes as a result of a new agreement between Blizzard, Microsoft, and NetEase, allowing Chinese players access to beloved titles such as Overwatch, Diablo, and World of Warcraft. The hiatus of Blizzard’s games in China began in January 2023 when a publishing deal between …

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**Gold Companies ETF Targeted in China Trading Frenzy – What Investors Need to Know Right Now**

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Shanghai, China – The surge in trading activity around an exchange-traded fund (ETF) focused on gold companies has captured the attention of investors in China, as they seek refuge in sectors perceived to be resilient amid economic uncertainties. China Asset Management Co. announced a temporary halt in trading for the ChinaAMC CSI SH-SZ-HK Gold Industry Equity ETF last Monday, extending a trading suspension that was first implemented the previous Tuesday. Investors have been drawn to …

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Dune: Part Two Soars in China, Sets New Record – Click Here for Latest Box Office Numbers!

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Los Angeles, California – A busy weekend for wide studio releases saw a trio of blockbuster films dominating the international box office. “Godzilla x Kong: The New Empire,” “Kung Fu Panda 4,” and “Dune: Part Two” led the way, with Hayao Miyazaki’s Oscar-winning film “The Boy and the Heron” making a significant impact in China, setting a new Qingming holiday record. “Oppenheimer,” the Best Picture Oscar winner, achieved great success after its release in Japan, …

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Naval Exercises in South China Sea: US, Japan, Australia & Philippines Team Up for Maritime Show of Force

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Manila, Philippines – The United States, Japan, Australia, and the Philippines are set to conduct their inaugural joint naval exercises, which will include anti-submarine warfare training, in a display of unity and strength in the South China Sea. The exercises come in response to China’s assertive actions in the region, causing concern among neighboring countries. This collaborative effort among the four treaty allies and security partners aims to uphold the rule of law, ensuring a …

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