BEIJING – China is widely expected to unveil more stimulus on Friday after its parliament ends a five-day meeting. Authorities here have ramped up stimulus announcements since late September, fueling a stock rally. President Xi Jinping led a meeting on Sept. 26 that called for strengthening fiscal and monetary support,...
Trump win and threat of more tariffs raises expectations for more China stimulus
BEIJING — Donald Trump's 2024 presidential win has raised the bar for China's fiscal stimulus plans, expected Friday. On the campaign trial, Trump threatened to impose additional tariffs of 60% or more on Chinese goods sold to the U.S. Increased duties of at least 10% under Trump's first term as...
China’s Hisense aims to become the No. 1 TV company in the U.S. within 2 years, top executive says
BEIJING — Chinese home appliance company Hisense aims to become the No. 1 seller of television sets in the U.S. in about two years, Catherine Fang, president of Hisense International, told CNBC in an exclusive interview Monday. In its bid to boost its brand in the U.S., the company last...
Affirm expands buy now, pay later service to the UK, heating up local competition
PayPal Inc. co-founder and Affirm’s CEO Max Levchin on center stage during day one of Collision 2019 at Enercare Center in Toronto, Canada. Vaughn Ridley | Sportsfile | Getty Images LONDON — Buy now, pay later firm Affirm launched Monday its installment loans in the U.K., in the company's first...