Has China Lost Its Taste for the iPhone?

For years, Apple dominated the market for high-end smartphones in China. No other company made a device that could compete with the iPhone’s performance — or its position as a status object in the eyes of wealthy, cosmopolitan shoppers. But evidence is mounting that, for many in China, the iPhone no longer holds the appeal it used to. During the first six weeks of the year, historically a peak season for Chinese shoppers to spring for a new phone, iPhone sales fell 24 percent from a year earlier, according to…

Germany’s Solar Panel Industry, Once a Leader, Is Getting Squeezed

Before China came to dominate the solar panel industry, Germany led the way. It was the world’s largest producer of solar panels, with several start-ups clustered in the former East Germany, until about a decade ago when China ramped up production and undercut just about everyone on price. Now as Germany and the rest of Europe try to reach ambitious goals to cut greenhouse gas emissions, the demand for solar panels has only increased. Some of the last remaining manufacturers in Germany’s solar industry are not ready to give up.…

Details of millions of UK voters accessed by Chinese state, ministers will say

The personal details of millions of voters are believed to have been accessed in an attack by China on Britain’s democratic process, ministers will say. MPs and peers are thought to be among 43 people who the government looks set to confirm have been targeted by cyber-attacks backed by the Chinese state. The UK could impose sanctions on individuals believed to be involved in these acts of state-backed interference, one of which was a separate attack on the Electoral Commission in which Beijing accessed the personal details of about 40…

Chinese EV battery maker in talks to invest £1bn in new UK gigafactory

A Chinese manufacturer of electric vehicle batteries is in talks to invest more than £1bn to build a giant new factory on the outskirts of Coventry. EVE Energy, which says it employs 28,000 staff worldwide, is understood to be in talks to construct a 5.7m sq ft gigafactory, which will form one of the main parts of the planned UK Centre for Electrification, an investment zone in the West Midlands. Sources with knowledge of the talks confirmed EVE’s interest in the project, which could create up to 6,000 jobs in…

Young Chinese Embrace ‘Gross Outfits’ at Work

When the weather turned cold in December, Cindy Luo started to wear her fluffy pajamas over a hooded sweatshirt at the office. Wearing cozy sleepwear to work became a habit and soon she didn’t even bother to wear matching tops and bottoms, selecting whatever was most comfortable. A few months later, she posted photos of herself to a “gross outfits at work” thread that had spread on Xiaohongshu, a Chinese app similar to Instagram. She was one of tens of thousands of young workers in China to proudly post pictures…

China’s Plan to Spur Growth: A New Slogan With Familiar Ideas

From the top of the government, China is heavily promoting a plan to fix the country’s stagnant economy and offset the harm from a decades-long housing bubble. The program has a fresh slogan, presented foremost by Xi Jinping, the country’s top leader, as “new, quality productive forces.” But it has features that are familiar from China’s economic playbook: The idea is to spur innovation and growth through massive investments in manufacturing, particularly in high-tech and clean energy, as well as robust spending on research and development. And there have been…

China’s Dispute With Taiwan Is Playing Out Near This Tiny Island

A small island controlled by Taiwan a few miles off China’s coast lived for decades in constant readiness for war. At one point in 1958, troops there hunkered in bunkers as Communist forces rained hundreds of thousands of shells on them. These days, the island, Kinmen, has become a hub of Taiwan’s commerce with China and its abandoned, weatherworn fortifications are tourist sites. Eight ferries a day take Taiwanese businesspeople and visitors from Kinmen to mainland China. But the sea around Kinmen has again turned tense after two Chinese men…

China targets group of MPs and peers with string of cyber-attacks

China has targeted a group of MPs and peers at Westminster in a string of cyber-attacks, it has been reported. On Monday, the deputy prime minister, Oliver Dowden, is expected to inform parliament of the attacks. Meanwhile, Sir Iain Duncan Smith, former Tory education minister Tim Loughton, cross-bench peer Lord Alton of Liverpool and Stewart McDonald, a Scottish National party MP, have been called on to attend a briefing from Alison Giles, parliament’s director of security. Duncan Smith, Loughton, Alton and McDonald are members of the Inter-Parliamentary Alliance on China…

Lies, ideology and repression: China seals Hong Kong’s failed-state fate | Simon Tisdall

So farewell, Hong Kong. The vibrant, pulsating city-state that grew, under British rule, into one of the world’s great financial, business, cultural and tourism hubs has finally been brought to heel. Browbeaten, abused, silenced. Trust Xi Jinping, China’s dementor president, to suck out all the joy. Last Wednesday was the UN’s International Day of Happiness. But it was a sad, bad day for Hong Kong. That was the moment residents woke up to the news that Hong Kong’s puppet legislature, acting on Beijing’s orders, had unanimously abolished its right to…

‘Cherry on the Cake’: How China Views the U.S. Crackdown on TikTok

Dan Wang has been a leading observer of contemporary China for years. As a tech analyst at Gavekal Dragonomics, a research firm, and through his well-read newsletter, Wang has charted the country’s rise as a fast-growing high-tech economy and, more recently, its slowdown and rising tensions with the United States. Wang is now a visiting scholar at Yale Law School’s Paul Tsai China Center and writing a book about relations between the United States and China. He spoke with DealBook about how China views the latest U.S. crackdown on TikTok.…