China 2 results

Foxconn Says US-bound iPhones Can Be Produced Outside China To Avoid Tariffs

“Designed in Cupertino. Made In China”. That’s what is says on the box of every iPhone sold in the United States. For years, Chinese manufacturer Foxconn has produced version after version of the hottest selling smartphone in the world. The question on everyone’s mind lately has been what Apple and Foxconn will do if a 25% tariff is levied on the popular device. Would Apple just absorb ...

China’s Manufacturing PMI Dips To 49.4

Last month China’s manufacturing PMI fell from expansion (51.4%) in April to contraction (49.4%) in May. Among the many questions regarding this dip, it comes down to a matter of which of the mitigating factors caused the decline: was it the trade or technology war? And will China use the yuan to enhance manufacturing-related exports? The answer to the question of which ongoing spat with ...