Apple’s Chinese users are mainly snapping up iPhone 12 and iPhone 12 Pro models, new data shows

GUANGZHOU, China — Chinese consumers have taken a liking to Apple’s new iPhone 12 and iPhone 12 Pro, according to data provided to CNBC. The two devices in Apple’s new 5G flagship lineup became available for pre-order on Oct. 16. As of 9:30 a.m. China time on Tuesday, 152,737 iPhone 12 units had been pre-ordered, … Read more

Hong Kong and Singapore will form a ‘travel bubble’ soon. Here’s how it’ll work

A woman heads towards a departure gate at the Hong Kong International Airport. Christian Keenan | Getty Images SINGAPORE — Leisure travel between Hong Kong and Singapore could resume in the coming weeks as both cities work to set up a bilateral “travel bubble” that will allow travelers to forgo quarantine. The two cities — … Read more

These are Citi’s stock picks to buy — and sell — as China pledges to fight against climate change

Chinese workers walk on a section of the world’s largest floating solar farm project during construction. The lake was created by a collapsed and flooded coal mine in Huainan, Anhui province, China. Kevin Frayer | Getty Images News | Getty Images SINGAPORE — China, the world’s largest carbon-emitting country, has doubled down on its pledge … Read more

China says its economy grew 4.9% in the third quarter

A pump attendant wears a mask as he refuels a car at a Sinopec gas station where customers can buy supplies as the country is hit by an outbreak of the novel coronavirus, in Beijing, China, February 28, 2020. Thomas Peter | Reuters BEIJING — China’s economy recovered further from the coronavirus in the third … Read more

‘Vulnerable’ garment workers in Bangladesh bear the brunt of the coronavirus pandemic

Bangladeshi worker works at a garment factory in Gazipur outskirts of Dhaka, Bangladesh, on March 6, 2020. Mehedi Hasan| NurPhoto | Getty Images SINGAPORE — The coronavirus outbreak has left the garment sector in Bangladesh reeling — and thousands of factory workers bore the brunt of it as their livelihoods were abruptly taken from them. … Read more

Op-Ed: Here’s how Trump or Biden can help save democratic capitalism

IMF employees have joked among themselves for years about when the fund’s bylaws would kick in, requiring them to move from Washington to Beijing. Written when no rival to U.S. economic leadership was in sight, the bylaws require that the headquarters be in the world’s largest economy. They aren’t laughing anymore. The underlying story of this … Read more

Australia says it’s ready to talk to China about their trade dispute

SINGAPORE — Australia wants dialogue with China to resolve their trade dispute and clear up any misunderstandings with its largest trading partner, Australian agriculture minister David Littleproud told CNBC Friday. Two Australian cotton industry groups said China has started discouraging its spinning mills from using cotton imported from Down Under. “It has become clear to … Read more