China Slowdown

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  Apple Says AI Features Will Boost New iPhone Sales After Sluggish Third Quarter

  Apple predicted that its new artificial intelligence features will spur iPhone upgrades in coming months, helping the company reemerge from a sales slowdown that has hit its China business especially hard. 

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  Xi Jinping Makes 1st Known Visit To Central Bank After Becoming President: Report

  Chinese President Xi Jinping made his first known visit to the nation's central bank since he became president a decade ago, two sources with knowledge of the matter said, as China's economy and financial markets grapple with headwinds.

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  World Bank Downgrades East Asia's Growth Forecast Due To Slowdown In China: Report

  The World Bank cited tumbling retail sales tumbling, stagnant house prices and increased household debt for China's economic mess.

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  China Cuts Key Interest Rate To Counter Post-Covid Slowdown

  China's central bank on Monday cut a key interest rate in an attempt to counter the post-Covid growth slowdown in the world's second-largest economy.

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  Xiaomi Reports Record Drop in Q4 Revenue, Loses Indian Smartphone Market in Higher-End Devices to Samsung

  Chinese smartphone maker Xiaomi on Friday reported a record drop in fourth-quarter revenue as the company weathered a slowdown in consumption and disruptions due to China's COVID-19 curbs. Early signs suggest China's economy will only rebound slowly, as consumers remain cautious about spending money despite an easing of restrictions on domestic and...

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  China's Economic Slowdown Could Have Ripple Effect Across World: Report

  According to China's National Bureau of Statistics (NBS), the annual GDP growth of the country fell to 3 per cent, much below the 5.5 per cent official target in 2022 and its economic slowdown has the potential to generate ripple effects.

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  Economic Slowdown In These 3 Countries Will Impact The World In 2023: IMF

  For much of the global economy, 2023 is going to be a tough year as the main engines of global growth - the United States, Europe and China - all experience weakening activity, the head of the International Monetary Fund said on Sunday.

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  Opinion: How Safe Is India's Economy? What's Working - And What Isn't

  It's not immediately obvious that the global slowdown has also arrived in India: Investments in factories, roads, and other fixed assets are just shy of 35% of domestic output; they haven't been this high in 10 years. Loan demand is growing so fast t

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  You Thought China’s Tech Slowdown Was Bad

  For the first time in history, China’s two largest technology companies posted a decline in revenue as the nation faces unprecedented growth hurdles and an uncertain outlook. But 2,000 miles away, even bigger challenges await one of Southeast Asia’s biggest companies.

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  Apple Said to Hover Above Competition Even as Smartphone Market Stumbles

  Apple is said to perform better than its competitors despite the global smartphone market's tumbling. The iPhone 13 continues to sell well, and Apple is expecting its upcoming iPhone 14 to do even better at launch. Two iPhone supply chain sources with direct knowledge of the matter told that iPhone sales have continued to do well in July despite si...

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  Global Smartphone, PC Shipments Expected to Decline in 2022 Amid Inflation, China Slowdown: Gartner

  Global smartphone and PC shipments are expected to decline in 2022, according to a report by research firm Gartner. Phone shipments to China, which is the world’s largest smartphone market, are expected to fall by 18 percent due to Covid-19 curbs that halted production in economic areas. Gartner expects a drop of 7 percent in global smartphone sh...

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  Tencent Posts Biggest Profit Decline Since 2004, Freeze on New Game Licences Scaled Down Revenue

  Tencent, Chinese gaming and social media giant, reported virtually no growth in first-quarterly revenue, its worst ever such performance. China's economic slowdown and a freeze on new game licences weighed on its business.

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  Apple Posts Record Earnings with $97 Billion Revenue, Expects Slowdown in Next Quarter

  Apple reported strong quarterly results despite supply shortages, but warned that its growth slowdown is likely to deepen. The company said it's still struggling to get enough chips to meet demand and contending with COVID-related shutdowns at factories in China that make iPhones and other products.

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  Rahul Gandhi's "Takeovers" Warning On Day China Bank Buys Stake In HDFC

  Senior Congress leader Rahul Gandhi on Sunday said the economic slowdown has made Indian companies susceptible to takeovers, and demanded the "corporates" must be protected from "foreign interests".

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  China's BAIC, Didi Plan Car Leasing Service Amid New Car Sales Slowdown

  China, the world's biggest auto market where more than 25 million vehicles were sold last year, is also world's biggest ride-hailing market.