China's No-Exit Plan for Foreigners
The detentions, known as 'exit bans,' highlight the continuing risk to American companies of doing business in China. The State Department says it is working to get them released and that it has 'no higher priority than the safety and security of American citizens.' But the Chinese bans have ensnared dozens of foreigners over the years, often with little recourse.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
19 minutes ago
- Yahoo
William Watson: Government-managed trade is sure to fail again
Those are some trade deals Donald Trump is shaking hands on — but so far not releasing details about. The U.S. gets tariff-free access to other countries while other countries pay stiff across-the-board tariffs going into the U.S. The U.K. pays 10 per cent, the EU and Japan 15 per cent, Indonesia and the Philippines 19 per cent and Vietnam 20 per cent. What China will pay remains to be determined. It typically pushes back more in response to Trump's jibes and jabs. Perhaps President Xi Jinping read the sections of the Art of the Deal about the need to stand up to bullies. Silly question: If a virtue of tariffs is that they're clean and simple, as the U.S. president always says, wouldn't it be a lot easier to have the same across-the-board rate for all countries? And whatever happened to 'reciprocity,' which the White House was big on a couple of months ago? Tariffs of 10-20 per cent for other countries' goods going into the U.S. but zero for American goods entering other countries are hardly 'reciprocal.' Yes, the rates chosen supposedly reflect the amount of procedural protectionism or non-tariff barriers (NTBs) that countries impose on U.S. goods. Except that no systematic study of that in fact much-studied problem has produced numbers that look like the pattern the deals reveal. And of course the U.S. itself is no stranger to NTBs and procedural protectionism. Just ask our softwood lumber industry. What the emerging regime looks like most is affirmative action for American businesses. They evidently can't compete with wily foreigners deploying unfair practices against them. And they're unwilling to abide by the (presumably rigged) decisions of international trade tribunals set up, under U.S. leadership actually, to make sure governments discriminate as little as possible against one another's firms. Even as the Trump administration abolishes affirmative action from U.S. society in general, it imposes it in international trade. Also strange are the commitments by other countries to invest given dollar amounts in the U.S. and to buy given amounts of U.S. goods, especially Boeing aircraft. Japan's going to buy 100 Boeing planes (not clear yet whether doors will be extra) and invest $550 billion in the U.S., with the U.S. somehow getting 90 per cent of the profit on this investment. Details to follow. When we economists teach international trade theory we customarily talk about (to cite the classic example) Portugal selling wine to the U.K. in return for wool. But in the real world, the non-communist parts of it at least, countries generally don't buy and sell goods and services to each other. Rather, people and companies in their millions and billions decide what goods and services to buy and their accumulated choices generate the trade flows we see. That type of trade system accords very well with the traditionally very American view that governments should not run economies, people and businesses should, with the government restricting itself to policing property rights and providing good public services at a reasonable tax price. But now governments, America's included, apparently want to manage the intricate details of the supply chain. In support of the Trump tariffs, some American politicians say it's simply not efficient for car parts to cross the Canada-U.S. or U.S.-Mexico border several times before cars are complete, as sometimes happens. But who are they to say? Since 1965's Canada-U.S. Auto Pact car companies have decided, free of tariffs, how best to put cars together. If it made economic sense to make and assemble all the parts in one location — if that's what maxed out their profits — you can bet that's what they'd do. If they don't do that, it's because that isn't the most efficient way to do things, given costs, technologies and transportation costs. Politicians should stick to matters such as Jeffrey Epstein and let car companies figure out how best to make cars. Why have Americans traditionally resisted government micro-management of the economy? Have a listen to the soundtrack of Hamilton. Because they abhor the concentration of power in a politico-industrial complex. Because not even a stable genius in the White House — not to suggest that's what we have now — would be smart enough to outsmart the combined intelligence and creativity of the entire American population when channelled through price- and efficiency-revealing markets. And, finally, because the invisible hand of competition is the best way to restrain the grasping hand of corruption. Corruption is not unknown in the private sector, of course. Humans are humans everywhere and always prey to temptation. But if you have competition — which in a small country like Canada is often provided by imports and foreign investors — companies or individuals that go astray get punished in the marketplace. And decisions don't get made for political reasons. Donald Trump always says he wants Canadian auto jobs to move to Michigan and Ohio, which, no coincidence, are two battleground states. Every president, not just the transparently venal, will favour places he wants his party to win in the next election, whenever that is. The only way to avoid such corruption is to remove power from politicians and vest it in markets. William Watson: All checks, no balances here in Nastyland William Watson: Our better-funded military will need to be more lethal I do understand such arguments are in disfavour at the moment. I bet the future vindicates them, as it always does. But the process won't be fun. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
19 minutes ago
- Yahoo
High Growth Tech Stocks Including Shenzhen JPT Opto-Electronics And Two Others For Potential Portfolio Enhancement
Amidst a backdrop of favorable trade deal news and record highs in key U.S. indices like the S&P 500 and Nasdaq Composite, global markets are experiencing a wave of optimism, further buoyed by accelerated growth in the U.S. services sector as evidenced by recent PMI data. In such an environment, high-growth tech stocks can offer potential portfolio enhancement opportunities, particularly as investors seek companies that can capitalize on technological advancements and robust market conditions exemplified by firms like Shenzhen JPT Opto-Electronics. Top 10 High Growth Tech Companies Globally Name Revenue Growth Earnings Growth Growth Rating Intellego Technologies 28.42% 47.04% ★★★★★★ Gold Circuit Electronics 20.97% 26.54% ★★★★★★ PharmaEssentia 31.60% 57.71% ★★★★★★ Fositek 30.51% 37.34% ★★★★★★ eWeLLLtd 24.95% 24.40% ★★★★★★ KebNi 20.56% 94.46% ★★★★★★ Bonesupport Holding 23.98% 62.26% ★★★★★★ Nayax 22.26% 57.43% ★★★★★★ Shengyi Electronics 26.23% 37.40% ★★★★★★ CARsgen Therapeutics Holdings 81.53% 96.08% ★★★★★★ Click here to see the full list of 228 stocks from our Global High Growth Tech and AI Stocks screener. Let's dive into some prime choices out of from the screener. Shenzhen JPT Opto-Electronics Simply Wall St Growth Rating: ★★★★☆☆ Overview: Shenzhen JPT Opto-Electronics Co., Ltd. focuses on the R&D, production, sale, and technical services of laser technology, intelligent equipment, and optical devices with a market cap of CN¥8.41 billion. Operations: JPT Opto-Electronics generates revenue primarily from its Computer Communications and Other Electronic Equipment segment, which contributed CN¥1.54 billion. The company's operations encompass the R&D, production, sale, and technical services related to laser technology and optical devices. Shenzhen JPT Opto-Electronics has demonstrated robust financial performance with a 37.7% growth in earnings over the past year, outpacing the electronic industry's average of 2.8%. This growth trajectory is supported by an aggressive R&D strategy, allocating significant resources to innovation—evident from their recent earnings report showing substantial investment in this area. Despite a highly volatile share price recently, the company's revenue is projected to increase at 18.4% annually, surpassing the broader Chinese market forecast of 12.5%. Moreover, their latest quarterly results revealed revenues jumping to CNY 342.86 million from CNY 255.73 million in the previous year, underscoring their capability to scale operations effectively amidst competitive pressures. Unlock comprehensive insights into our analysis of Shenzhen JPT Opto-Electronics stock in this health report. Understand Shenzhen JPT Opto-Electronics' track record by examining our Past report. QuantumCTek Simply Wall St Growth Rating: ★★★★★☆ Overview: QuantumCTek Co., Ltd. specializes in manufacturing and selling quantum information technology-based security products and services for the information and communication technology sector in China, with a market cap of CN¥27.98 billion. Operations: QuantumCTek Co., Ltd. focuses on the production and distribution of quantum information technology-based security solutions within China's ICT sector. The company operates with a market capitalization of CN¥27.98 billion, reflecting its significant presence in the industry. QuantumCTek is distinguishing itself in the tech sector with a remarkable annual revenue growth rate of 40.1%, significantly outpacing the broader Chinese market's forecast of 12.5%. This growth is underpinned by an aggressive R&D investment strategy, which has seen R&D expenses rise in tandem with revenues, showcasing the company's commitment to innovation and future readiness. Despite current unprofitability, earnings are projected to surge by approximately 89.4% annually, positioning QuantumCTek for a profitable turnaround within three years. Furthermore, their recent special shareholders meeting highlights proactive governance amidst this high-growth phase, potentially steering the company towards sustained long-term success in an increasingly competitive landscape. Delve into the full analysis health report here for a deeper understanding of QuantumCTek. Assess QuantumCTek's past performance with our detailed historical performance reports. Sinodata Simply Wall St Growth Rating: ★★★★★☆ Overview: Sinodata Co., Ltd. specializes in application software development and offers technical services and computer information system integration both within China and internationally, with a market cap of CN¥10.61 billion. Operations: Sinodata Co., Ltd. focuses on developing application software and providing technical services, alongside computer information system integration, serving both domestic and international markets. Sinodata is rapidly positioning itself within the tech landscape, driven by a robust revenue growth forecast of 27.6% annually, outstripping the broader Chinese market's average of 12.5%. This growth trajectory is complemented by an anticipated earnings surge of 105.5% per year, signaling potential profitability within three years despite current unprofitability. The company's commitment to innovation is evident from its recent special shareholders meeting and aggressive R&D investments, which are crucial for sustaining long-term competitiveness in the fast-evolving tech sector. Navigate through the intricacies of Sinodata with our comprehensive health report here. Review our historical performance report to gain insights into Sinodata's's past performance. Summing It All Up Gain an insight into the universe of 228 Global High Growth Tech and AI Stocks by clicking here. Are any of these part of your asset mix? Tap into the analytical power of Simply Wall St's portfolio to get a 360-degree view on how they're shaping up. Take control of your financial future using Simply Wall St, offering free, in-depth knowledge of international markets to every investor. Seeking Other Investments? Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include SHSE:688025 SHSE:688027 and SZSE:002657. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data
Yahoo
19 minutes ago
- Yahoo
UPS posts fall in second-quarter profit and revenue
(Reuters) -United Parcel Service reported a decline in second-quarter profit and revenue on Tuesday, as demand took a hit from new "de minimis" tariffs on low-value Chinese shipments and mounting risks from President Donald Trump's trade policies. The company reported adjusted net income of $1.55 per share for the quarter ended June 30, from $1.79 per share a year earlier. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
