Evelyn Cheng, CNBC

Evelyn Cheng


New York, NY, United States

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Recent articles by Evelyn:

Alibaba, Tencent and JD.com all just posted their slowest revenue growth on record

Chinese tech giants Alibaba, Tencent and JD.com have all posted their slowest revenue growth on record as Covid and Beijing's tech crackdown took their toll. → Read More

China holds an unprecedented massive videoconference on the economy

China held a rare nationwide meeting via teleconference Wednesday to bolster an economy battered by Covid. → Read More

Two investment banks cut their China GDP forecasts even lower

Two investment banks cut their China GDP forecasts this week for a third time this year based on the toll of persistent Covid controls. → Read More

China would only use force as a 'last resort' for Taiwan reunification, former PLA official says

Force is a "last resort" for Taiwan reunification, said Zhou Bo, senior fellow at Tsinghua University's Center for International Strategy and Security Studies. → Read More

Chinese buyers not living in lockdown shake off electric car price hikes, Xpeng says

In a sign Chinese drivers are still willing to buy electric, start-up Xpeng said that demand for its cars has shaken off the impact of price hikes. → Read More

Goldman Sachs expects more China real estate defaults, switches to bear case

Chinese real estate defaults have increased so much that Goldman Sachs analysts have shifted to their worst-case scenario for the riskiest part of the market. → Read More

Why China will likely recover more slowly from the latest Covid shock

China's economy won't be snapping back quickly from the latest Covid outbreak, many economists predict. Instead, they expect a slow recovery ahead. → Read More

Chinese electric car start-up Nio says supply chain disruption, not demand, is their biggest problem

Chinese electric car company Nio's biggest challenge right now is ensuring supply chain stability, CEO William Li said. → Read More

Goldman Sachs picks Chinese stocks with the most room to bounce back as Covid eases

As Covid cases in mainland China drop, Goldman Sachs analysts say they're "seeing light at the end of the tunnel" and hope businesses can soon return to normal. → Read More

Tencent profits plunge as Chinese tech giant grapples with Covid lockdowns, regulation

China's Covid lockdowns have hurt advertiser sentiment, while Tencent's ad business has also taken a knock from competition from rivals. → Read More

Goldman Sachs cuts its China GDP forecast to 4% on Covid controls

Goldman Sachs analysts cut their forecast for China GDP to 4% after data for April showed a slump in growth as Covid controls restricted business activity. → Read More

Some factories might leave China, but in the grand scheme of things it doesn't matter much

Businesses have discussed moving factories out of China for years, especially since labor costs have climbed and U.S.-China trade tensions worsened. → Read More

JPMorgan picks China stocks to play Beijing's infrastructure boost

China has revealed new plans for building up cities, which JPMorgan analysts expect can boost some infrastructure stocks. → Read More

China's economic data disappoint in April as Covid controls weigh

China reported a drop in retail sales and industrial production in April — far worse than analysts had expected. → Read More

China won't have a 'normal' economy without tackling Covid first, senior Chinese official says

Beijing has emphasized its "dynamic zero-Covid" policy, even as economists have cut forecasts for China's GDP growth given the impact of lockdowns. → Read More

Shanghai's big automakers saw production plunge by 75% in April after lockdowns began

Auto production plunged in April as Covid lockdowns halted nearly all non-essential business in Shanghai, the China Passenger Car Association said Tuesday. → Read More

China's consumer prices hit a six-month high as Covid prompts locals to stock up on food

China's consumer and producer prices rose more than expected in April, according to data from the National Bureau of Statistics released Wednesday. → Read More

More U.S. companies in China cut forecasts, scale back investments as Covid persists

Between late March and late April, the share of respondents reporting an impact from Covid controls rose to 58% from 54%, an AmCham China survey found. → Read More

China's Xi urges officials to 'resolutely fight' those who question zero-Covid policy

Xi Jinping led a meeting stressing that China should stick to its zero-Covid policy and warned of the economic consequences of not doing so, state media said. → Read More

China's Covid lockdowns are hitting more than just Shanghai and Beijing

While the bulk of China's new Covid cases are in Shanghai and Beijing, data show the impact of business restrictions is more widespread. → Read More