Evelyn Cheng
Evelyn Cheng is a CNBC.com Senior Correspondent, covering China's economy and financial markets from Beijing. Latest China is doubling down on homegrown tech. Goldman Sachs shares its chip plays Evelyn Cheng6 Hours Ago Xiaomi launches first flip phone at just over $800, with a $70 portable printer Evelyn ChengJuly 19, 2024 In the face of trade tensions, China says it will focus on its own economy Evelyn ChengJuly 19, 2024 China calls for bolstering tech ‘breakthroughs’ and achieving the full-year growth target Evelyn ChengJuly 18, 2024 JD Vance blames U.S. wage losses on China’s efforts to build its middle class Evelyn ChengJuly 18, 2024 What would a second Trump presidency mean for China? Goldman Sachs weighs in Sonia Heng|Evelyn ChengJuly 17, 2024 Foreign automakers in China face an ‘increasingly precarious’ situation despite EU tariffs Evelyn Cheng|Sonia HengJuly 15, 2024 China reports second-quarter GDP growth of 4.7%, missing expectations Evelyn ChengJuly 14, 2024 China’s biggest policy meeting in six years kicks off this week. How investors can play it Evelyn ChengJuly 14, 2024 China’s imports unexpectedly drop in June, but exports beat forecasts Evelyn ChengJuly 11, 2024 China gears up for its Third Plenum meeting. Why real estate isn’t likely the main focus Evelyn ChengJuly 11, 2024 China’s robotaxi push sparks concerns about job security for drivers Evelyn ChengJuly 11, 2024 Load More
Biography:
https://www.cnbc.com/evelyn-cheng/
73%
The Daily's Verdict
This author has a mixed reputation for journalistic standards. It is advisable to fact-check, scrutinize for bias, and check for conflicts of interest before relying on the author's reporting.
Bias
85%
Examples:
- The author quotes Lei Jun stating they are selling each car at a loss in order to compete with Tesla’s price point, which seems to be an attempt to discredit Tesla.
- The author repeatedly mentions the Chinese government's crackdown on developers high reliance on debt for growth as a factor in the decline of real estate investment.
Conflicts of Interest
50%
Examples:
- In one article, the author quotes Lei Jun stating they are selling each car at a loss in order to compete with Tesla’s price point, which seems to be an attempt to discredit Tesla.
- The author mentions the potential new gaming rules will hit smaller developers more than larger ones and that online advertising revenue will be reduced.
Contradictions
85%
Examples:
- In some articles, the author states that China's imports fell by 2.3% in June from a year ago in U.S. dollar terms, but later states that imports missed expectations for slight growth.
- The article mentions that China’s property sector is in a process of adjustment and transformation, with real estate making up well over 15% of its economy, yet it also states that investment into real estate fell by 9.6%.
Deceptions
80%
Examples:
- The author uses sensationalism by stating that smaller developers will be hit more than larger ones and that online advertising revenue will be reduced.
- The title of the article ‘China breaks with tradition at annual ‘Two Sessions’ meeting by scrapping premier’s press conference’ later states that such press meetings are not canceled for the rest of the current congressional term and only ministry-level press conferences on economy and foreign affairs will be held instead, contradicting the initial statement made in the title.
Recent Articles
China's Xi Jinping Announces Tax Reforms to Bolster Local Finances Amidst Debt Crisis and Economic Shifts
Broke On: Friday, 19 July 2024Chinese President Xi Jinping unveiled plans to strengthen local government finances at the Communist Party's third plenum, aiming to redistribute consumption tax revenue and tackle China's $9.1 trillion hidden debt crisis. The reform also focuses on addressing real estate's impact on the economy and optimizing new construction projects, while deepening fiscal, taxation, and financial system reforms for social welfare. 
China's Economy Slows Down: 4.7%-5.3% GDP Growth in Q2 2024 Amid Real Estate Downturn and Unemployment Steady at 5%
Broke On: Monday, 15 July 2024China's economy grew at rates between 4.7% and 5.3% year-on-year in Q2 2024, missing expectations and marking a significant decline from the first quarter's growth rate of around 6%. The real estate downturn led to decreased spending, slow retail sales growth, and consumer reluctance. However, industrial production and exports showed signs of resilience. Amidst tight information control ahead of the Communist Party meeting in Beijing, concerns about China's impact on the global economy and financial markets have arisen due to its role as the world's second-largest economy. 
China's Economic Direction at the Third Plenum: Shaping the Path to Socialist Modernization and Technological Self-Sufficiency
Broke On: Thursday, 11 July 2024The Third Plenum of China's 20th Central Committee, led by President Xi Jinping, will shape China's economic future from July 15-18. Amidst challenges in economy, public services, and social welfare, the CCP aims for 'socialist modernization' by 2035 and technological self-sufficiency. Anticipated to tweak rather than change China's economic trajectory, this meeting marks another step towards top-down governance focusing on innovation. 
China's Unexpected Trade Surplus of $99 Billion in June: Imports Decrease, Exports Rise Amid Global Concerns
Broke On: Friday, 12 July 2024China reported a surprise trade surplus of over $99 billion in June, driven by a 8.6% increase in exports and a 2.3% decrease in imports, despite declines in rare earths and machine tools imports. The record surplus has sparked concerns among trading partners, leading to increased tariffs. 
China's Uneven Economic Recovery: Retail Sales Slow Down While Industrial Production Accelerates
Broke On: Friday, 17 May 2024China's economy showed signs of an uneven recovery in April, with retail sales growing at the slowest pace since 2022 while industrial production accelerated. Industrial output grew at a faster-than-expected rate of 6.7%, up from a revised growth rate of 4.5% in March, driven by key industries such as automobiles and electronics. However, consumer spending slowed down, with declines reported in auto sales and clothing purchases, raising concerns about the sustainability of China's economic rebound. 
Xiaomi Launches First Electric Vehicle SU7: Beats Tesla on 95% Specs, Promises Advanced Battery Tech and Lightning-Fast Charging
Broke On: Thursday, 28 March 2024Xiaomi enters the EV market with its first SUV, the SU7, which offers a range of features and specifications that challenge Tesla's Model 3. The car is priced between $30k and $41k in China. 
China's Economy Rebounds Despite Property Market Slowdown, Oxford Economics Predicts 5% GDP Growth Rate This Year
Broke On: Monday, 18 March 2024China's economy is showing signs of recovery after a slowdown in the property market. Industrial output and investment surpassed expectations for the first two months of 2024, with manufacturing and consumption gradually rebounding. However, Beijing's annual growth target may be impacted if the property market continues to drag. 
China's Real Estate Slump Threatens Municipal Bond Market, Especially Special-Purpose Infrastructure Bonds
Broke On: Monday, 11 March 2024China's real estate slump has affected the municipal bond market, particularly for special-purpose infrastructure bonds. With a total outstanding issue amount of 25.3 trillion yuan ($3.6 trillion), these bonds are almost as large as government bonds. 2024 China Legislature: What to Expect from the Two Sessions
Broke On: Monday, 04 March 2024China's 2024 legislature, or Two Sessions, begins this week. The event will be closely watched for signals on the ruling Communist Party's plans to reenergize an economy struggling with government controls and a real estate bubble. Proposals to raise the retirement age are expected, as well as defense budget discussions and possible introduction of new foreign minister. However, it is important to note that while this event may provide some insight into China's economic plans for the coming year, it should not be relied upon solely for information about future trends. 
China's Economy Faces Challenges Amid Slowdown, Rising Debt and Demographic Issues
Broke On: Wednesday, 17 January 2024China's economy is facing challenges such as slow GDP growth, rising debt levels and deflation. However, despite these issues it remains one of the world's largest economies and plays an important role in global trade.