US is sensing China's severe weakness and finally going for the detachment from China. That's why the recent passage of bans for TikTok, DJI, 100% tariffs on BYD, and now closing this loophole.
- Consumer giants from Starbucks to General Mills have one big sales problem: China. Starbucks reported China same-store sales dropped by 14% in the quarter ended June 30, far steeper than the 2% decline in the U.S.
https://www.cnbc.com/2024/08/07/us-consumer-giants-have-one-...
- Consumer giants from Starbucks to General Mills have one big sales problem: China. Starbucks reported China same-store sales dropped by 14% in the quarter ended June 30, far steeper than the 2% decline in the U.S. https://www.cnbc.com/2024/08/07/us-consumer-giants-have-one-...
- Foreign investors pulled a record $15 billion out of China last quarter https://fortune.com/asia/2024/08/12/foreign-investors-pull-r...
- China’s startup ecosystem has almost completely collapsed in the last 5 years. https://x.com/alecstapp/status/1834201320212898179?mx=2
- IBM Decides To Move R&D Out Of China https://www.forbes.com/sites/miltonezrati/2024/09/07/ibm-dec...
- Microsoft shuts down physical retail presence in mainland China https://www.retail-systems.com/rs/Microsoft_Shuts_Down_Physi...
- The world’s biggest luxury brands are hurting as Chinese shoppers rein in spending https://www.cnn.com/2024/07/26/business/lvmh-luxury-firms-ch...
- Japan’s Companies Sour on China After Years of Brushing Off Risk https://www.bloomberg.com/news/articles/2024-09-08/japan-inc...