In addition to trade tensions, China is intensifying scrutiny on US tech firms. The Chinese government announced an antitrust investigation into Google. On February 6, Beijing extended its probe to include Apple Inc. (AAPL). According to CN Wire:
“China’s antitrust watchdog is laying the groundwork for a potential probe into Apple Inc.’s policies and the fees it charges app developers, part of a broader push by Beijing that risks becoming another flashpoint in the country’s trade war with the US.”
China’s Economy Faces New Headwinds
Private sector PMI data signals trouble for China’s economy.
- Caixin Manufacturing PMI dropped from 50.5 in December to 50.1 in January.
- Services PMI fell from 52.2 to 51.0.
Notably, the manufacturing…
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