U.S. tech companies to be hit hardest in potential trade war?
Top business and technology news for January 23, 2017. Part of the daily SupChina news roundup "731 million internet users and a VPN clampdown."
These companies are at risk in a U.S.-China trade war / Bloomberg
While the markets continue to downplay the odds of a U.S.-China trade war, banks and financial consultants are providing more in-depth analysis of what effect protectionist measures would have on business in the two countries. An analysis from Morgan Stanley estimates that 10 percent of American companies are at risk from cross-Pacific tensions, whereas the same can be said for only 2 percent of Chinese companies. At the top of the list of most exposed companies in the U.S. are semiconductor makers Ambarella, Texas Instruments, and Marvell. The Chinese companies most at risk are wireless technology provider GoerTek, apparel manufacturer Regina Miracle International, and global supply chain manager Li & Fung.
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- China gives ‘hedge fund brother no. 1’ 5½ years in prison / Bloomberg
- Hugo Barra is leaving Xiaomi / The Verge
- Popular selfie app sending user data to China, researchers say / The Intercept
- China developing manned submersible capable of reaching the bottom of any ocean / SCMP
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