China

Who Stole Americans’ Personal Data in Equifax Hack? China’s Military & How They Did it: US DOJ in 9-Count Indictment

by Wolf Richter • Feb 10, 2020 • 128 Comments

Department of Justice charges four members of China’s PLA. “We have the capability to remove the Internet’s cloak of anonymity.” But how far will it go?

What Will the Coronavirus Do to the US & Chinese Economy?

by Wolf Richter • Feb 6, 2020 • 122 Comments

Is this the black-swan event people have been predicting for years?

US Imports from China Plunged Most Ever in 2019, Shifted to Other Countries, and the Goods Trade Deficit Improved Only a Tad from Worst Level Ever

by Wolf Richter • Feb 5, 2020 • 94 Comments

Corporate America rerouted its supply chain to other countries.

After Coronavirus Measures, China’s Crude Oil Demand Plunges 20%: Industry Sources

by Wolf Richter • Feb 3, 2020 • 82 Comments

“Largest demand shock the oil market has suffered since the global financial crisis, and the most sudden since the Sept. 11 attacks.”

THE WOLF STREET REPORT: What Will the Coronavirus Do to the US & Chinese Economy?

by Wolf Richter • Feb 2, 2020 • 179 Comments

Is this the black-swan event people have been predicting for years?

Tesla, Hit by Sagging US Sales, Goes Full-China with Design Center, Loans & Factory

by Wolf Richter • Jan 16, 2020 • 165 Comments

This move to China makes sense for a niche automaker struggling mightily in the US. But headwinds in China are even stronger than in the US.

China’s Consumers Slam Automakers, Sales Drop Hard, 2nd Year. GM Sales Plunge. Ford Sales Collapse. But Luxury is Hot

by Wolf Richter • Jan 13, 2020 • 132 Comments

“Challenging environment with weakened consumer demand”: This nosedive in a vast industry, affecting consumers and manufacturing, is happening even as GDP officially booms at 6%?

Status of US Dollar as Global Reserve Currency v. Euro, Yen, Chinese Renminbi, & Others

by Wolf Richter • Jan 2, 2020 • 111 Comments

Latest data is out. Folks who hoped the Renminbi would break the dollar hegemony have to be very patient.

HNA Gets Chopped Up, its Many Airlines Buckle & Get Bailouts to Dodge Messy Collapse, but its Hong Kong Airlines?

by Wolf Richter • Dec 3, 2019 • 44 Comments

The Chinese conglomerate had gone on a debt-fueled global acquisition binge, including in the US, and owned 18 airlines before it all came unglued.

Chinese Stock Collapses 98% in Hours After MSCI Flip-Flops: How Index Providers Saddle US Pension Funds with Stock Scams

by Wolf Richter • Nov 21, 2019 • 99 Comments

Despite my assurances that “Nothing Goes to Heck in a Straight Line,” a Chinese stock just did.

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