Investors may want to reduce their exposure to the world’s largest emerging market. Perth Tolle, who’s the founder of Life + Liberty Indexes, warns China’s capitalism model is unsustainable. “I think the thinking used to be that their capitalism would lead to democracy,” she told CNBC’s “ETF Edge” this week. “Economic freedom is a necessary, but not sufficient … Read more
Beijing — China’s Foreign Ministry took issue Monday with a revised U.S. government fact sheet that removed a line on American opposition to independence for Taiwan. The United States “gravely backpedaled” on its position on Taiwan and sent the wrong message to “separatist forces” on the island, ministry spokesperson Guo Jiakun said. Taiwan and China split … Read more
The US Navy described its patrol as a ‘routine’ exercise through the international waterway. China’s military has accused the United States of engaging in risky behaviour in the Taiwan Strait after two US naval ships transited the international waterway. The Chinese People’s Liberation Army (PLA) said it had monitored the movements of the USS Ralph … Read more
The logo for Taiwan Semiconductor Manufacturing Company is displayed on a screen on the floor of the New York Stock Exchange on Sept. 26, 2023. Brendan Mcdermid | Reuters Taiwan Semiconductor Manufacturing Co. posted December quarter revenue that topped analyst estimates, as the company continues to get a boost from the AI boom. The world’s … Read more
A television station broadcasts Jerome Powell, chairman of the U.S. Federal Reserve, on the floor of the New York Stock Exchange in New York, U.S., on Wednesday, Dec. 18, 2024. Michael Nagle | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up … Read more
Taipei, Taiwan – With just weeks left in office, outgoing United States President Joe Biden and his team are scrambling to lock in billions of dollars in funding to re-shore chip manufacturing to the US. Signed into law by Biden in 2022, the CHIPS and Science Act set aside $280bn in funding to boost domestic … Read more
As Carey prepares to defend Taiwan, she discovers not everyone thinks the same way she does. Following tensions between Taiwan and China, 25-year-old Carey Chang joins civil defence classes and starts training in firearms. Like hundreds of young people, Carey is learning skills she believes she needs to defend herself in the event of a … Read more