06/01/2025

˻ ͗ ˜ ͓͓͖͑

17

BIZ & FINANCE

T#Ð €¿Û´ ’j€‰ ¿ÐØj€´‰Ð ©º ŗŕŗŚ ØËÖãÝÞ ÝÏÏÝ ÚÙÝÝÓÌÖÏ ÜÏÍÙÜÎ Øß×ÌÏÜ ÙÐ ÐßØÎÝ ÍÖÙÝÓØÑ ÎÙáØ

USBDFE JO QBSU UP UIF TVSHF JO JOUFSFTU GPS QSPEVDUT UIBU VTF PQUJPOT UP NBOBHF MJNJU PS FWFO BDDFOUVBUF SJTL 5IF QSPMJGFSBUJPO PG CVGGFS BOE EFGJOFE PVUDPNF &5'T XIJDI VTF PQUJPOT UP USBEF PGG VQTJEF QPUFOUJBM GPS EPXOTJEF SJTL PS UP IJU B UBSHFU SFUVSO JT POF PG UIF CJHHFTU GFBUVSFT PG i8F MM CF WFOUVSJOH JOUP UIBU NBSLFU JO UIF GJSTU RVBSUFS PG XJUI B CVGGFSFE &5' QSPEVDUu TBJE #SFOEBO .D$BSUIZ HMPCBM IFBE PG &5' EJTUSJCVUJPO BOE DBQJUBM NBSLFUT BU (PMENBO 4BDIT $BQJUBM .BOBHFNFOU 5IF UXP ZFBS PME (SBOJUF4IBSFT Y -POH /WJEJB &5' XIJDI PGGFST JOWFTUPST EPVCMF UIF EBJMZ SFUVSO PO /WJEJB SPTF JO BUUSBDUJOH NPSF UIBO 64 CJMMJPO JO OFX BTTFUT EVSJOH UIF ZFBS UP CSJOH UPUBM BTTFUT UP OFBSMZ 64 CJMMJPO i5IFSF T OP SFBTPO UP UIJOL UIBU 64 USJMMJPO JTO U UIF OFX OPSNBM GPS JOGMPXT u TBJE %BWJE .BOO HMPCBM IFBE PG &5' QSPEVDU BOE DBQJUBM NBSLFUT BU 'SBOLMJO 5FNQMFUPO i5IJT IBT CFFO B POF XBZ USBJO SJEF BOE OPX UIF USBJO JT PO UIF FYQSFTT USBDL u m 3FVUFST WO €¿ºÐ© ‰ÌÐ ÌÛ´‰Ð Ø¿ ̉ÐØÌ©€Ø ¿Ì jÌ ¨©º‰Ð‰ Ì¿º‰Ð 8"4)*/(50/ 5IF 64 $PNNFSDF %FQBSUNFOU TBJE MBTU XFFL JU JT DPOTJEFSJOH OFX SVMFT UIBU XPVME JNQPTF SFTUSJDUJPOT PO $IJOFTF ESPOFT UIBU XPVME SFTUSJDU PS CBO UIFN JO UIF 6OJUFE 4UBUFT DJUJOH OBUJPOBM TFDVSJUZ DPODFSOT 5IF EFQBSUNFOU TBJE JU XBT TFFLJOH QVCMJD DPNNFOUT CZ .BSDI PO QPUFOUJBM SVMFT UP TBGFHVBSE UIF TVQQMZ DIBJO GPS ESPOFT TBZJOH UISFBUT GSPN $IJOB BOE 3VTTJB iNBZ PGGFS PVS BEWFSTBSJFT UIF BCJMJUZ UP SFNPUFMZ BDDFTT BOE NBOJQVMBUF UIFTF EFWJDFT FYQPTJOH TFOTJUJWF 64 EBUBw $IJOB BDDPVOUT GPS UIF WBTU NBKPSJUZ PG 64 DPNNFSDJBM ESPOF TBMFT *O 4FQUFNCFS $PNNFSDF 4FDSFUBSZ (JOB 3BJNPOEP TBJE UIF EFQBSUNFOU DPVME JNQPTF SFTUSJDUJPOT TJNJMBS UP UIPTF UIBU XPVME FGGFDUJWFMZ CBO $IJOFTF WFIJDMFT GSPN UIF 6OJUFE 4UBUFT BOE UIF GPDVT XJMM CF PO ESPOFT XJUI $IJOFTF BOE 3VTTJBO FRVJQNFOU DIJQT BOE TPGUXBSF 4IF UPME 3FVUFST JO /PWFNCFS TIF IPQFT UP GJOBMJTF UIF SVMFT PO $IJOFTF WFIJDMFT CZ +BO " EFDJTJPO UP XSJUF OFX SVMFT SFTUSJDUJOH PS CBOOJOH $IJOFTF ESPOFT XJMM CF NBEF CZ UIF BENJOJTUSBUJPO PG 1SFTJEFOU FMFDU %POBME 5SVNQ XIP UBLFT PWFS PO +BO 8BTIJOHUPO IBT UBLFO B TFSJFT PG TUFQT UP DSBDL EPXO PO $IJOFTF ESPOFT PWFS UIF MBTU ZFBS -BTU NPOUI 1SFTJEFOU +PF #JEFO TJHOFE MFHJTMBUJPO UIBU DPVME CBO $IJOB CBTFE %+* BOE "VUFM 3PCPUJDT GSPN TFMMJOH OFX ESPOF NPEFMT JO UIF 64 " VOTQFDJGJFE 64 BHFODZ NVTU EFUFSNJOF XJUIJO POF ZFBS JG ESPOFT GSPN %+* PS "VUFM 3PCPUJDT QPTF VOBDDFQUBCMF OBUJPOBM TFDVSJUZ SJTLT %+* UIF XPSME T MBSHFTU ESPOF NBOVGBDUVSFS UIBU TFMMT NPSF UIBO IBMG PG BMM 64 DPNNFSDJBM ESPOFT TBJE JG OP BHFODZ DPNQMFUFT UIF TUVEZ JU XPVME QSFWFOU UIF DPNQBOZ GSPN MBVODIJOH OFX QSPEVDUT JO "NFSJDB o 3FVUFST

IBWF BOZUIJOH UIBU T VOJRVF FOPVHI BOE BQQFBMJOH FOPVHI UP QVMM JO BTTFUT u "SNPVS TBJE "DDPSEJOH UP $FSVMMJ 3FTFBSDI XBT UIF GJSTU ZFBS UIBU TBX UIF BWFSBHF MJGFTQBO PG BO &5' EFDMJOF BOE CZ FBSMZ JU IBE BMSFBEZ GBMMFO CFMPX ZFBST i'JSNT SFBMJ[F UIFZ IBWF UP CF GBTUFS BU DMPTJOH EPXO GVOET UIBU EPO U BUUSBDU BTTFUT BOE BU SFEFQMPZJOH UIFJS SFTPVSDFTu TBJE .BUU "QLBSJBO BTTPDJBUF EJSFDUPS BU $FSVMMJ 4UJMM JOEVTUSZ JOTJEFST TBZ UIFSF BSF NBOZ SFBTPOT UP CF CVMMJTI BCPVU BO JOEVTUSZ UIBU HMPCBMMZ KVNQFE UP 64 USJMMJPO JO BTTFUT BT PG %FD GSPN 64 USJMMJPO BT PG %FD BDDPSEJOH UP JOEVTUSZ SFTFBSDI GJSN &5'(* 5IF OVNCFS PG OFX &5'T MBVODIFE JODMVEJOH B EP[FO TQPU CJUDPJO QSPEVDUT SFBDIFE CZ UIF MBTU GVMM XFFL PG UIF ZFBS TBJE .BUUIFX #BSUPMJOJ IFBE PG 41%3 "NFSJDBT 3FTFBSDI BU 4UBUF 4USFFU (MPCBM "EWJTPST 5IBU DPNQBSFT UP MBVODIFT JO BOE JO 5IF FYQMPTJPO JO UIF OVNCFS PG &5'T DBO CF UP ZVBO PWFS UIF XFFLFOE PO POF PG $IJOB T MFBEJOH F DPNNFSDF QMBUGPSNT "QQMF CSJFGMZ GFMM PVU PG $IJOB T UPQ GJWF TNBSUQIPOF WFOEPST JO UIF TFDPOE RVBSUFS PG CFGPSF SFDPWFSJOH JO UIF UIJSE RVBSUFS 5IF 64 DPNQBOZ T TNBSUQIPOF TBMFT JO $IJOB TUJMM TMJQQFE EVSJOH UIF UIJSE RVBSUFS GSPN B ZFBS FBSMJFS XIJMF )VBXFJ T TBMFT TVSHFE 5IF "QQMF QSPNPUJPO JODMVEFT EJTDPVOUT PG UP ZVBO PO PMEFS J1IPOF NPEFMT BT XFMM BT QSPEVDUT TVDI BT .BD#PPL MBQUPQT BOE J1BE UBCMFUT $VTUPNFST NVTU VTF EFTJHOBUFE QBZNFOU NFUIPET JODMVEJOH 8F$IBU 1BZ PS "MJQBZ UP RVBMJGZ GPS UIF EJTDPVOUT o 3FVUFST

/&8 :03, 64 FYDIBOHF USBEFE GVOET DPVME GBDF NPSF PCTUBDMFT UP UIFJS SVOBXBZ HSPXUI JO BGUFS B CVNQFS ZFBS TBX UIF QSPEVDUT UBLF JO B SFDPSE 64 USJMMJPO 3. USJMMJPO JO JOGMPXT JO 5IF JOGMPXT XFSF UIF NPTU JO UIF QSPEVDU T ZFBS IJTUPSZ BOE DBNF DMPTF UP EPVCMJOH MBTU ZFBS T GJHVSF PG 64 CJMMJPO "OBMZTUT BUUSJCVUF UIF QPQVMBSJUZ PG UIF QSPEVDUT UP B DPNCJOBUJPO PG UIF CVMM NBSLFU JO UIF 64 XIFSF UIF MJPO T TIBSF PG &5'T JT CBTFE UIF BEWFOU PG JOOPWBUJWF DSZQUPDVSSFODZ BOE PQUJPOT CBTFE QSPEVDUT BOE UIF HSPXJOH QSFGFSFODF CZ JOWFTUPST GPS MPXFS DPTU MJRVJE &5'T PWFS NVUVBM GVOET /PX XIJMF NBOZ CFMJFWF &5'T XJMM UPQ T SFDPSET JO UIFZ BSF DBVUJPVTMZ FZFJOH B OFX TFU PG DIBMMFOHFT SBOHJOH GSPN IPX UP OBWJHBUF BO JODSFBTJOHMZ DSPXEFE &5'

BSFOB UP UIF FWFS QSFTFOU RVFTUJPO PG JOOPWBUJPO i* GJOE NZTFMG UIJOLJOH UIBU OFX QSPEVDU EFWFMPQNFOU NBZ IBWF PVUTUSJQQFE JOWFTUPS JOUFSFTU JO TPNF PG UIF NPTU DPNQMFY PG UIFTF TUSBUFHJFTu TBJE #SZBO "SNPVS &5' BOBMZTU BU .PSOJOHTUBS i/PU FWFSZ QSPEVDU XJMM AMBOE XJUI JOWFTUPST u *OEFFE POF PG "SNPVS T QSPKFDUJPOT GPS JT UIBU UIF NBSLFU JT MJLFMZ UP TFF B SFDPSE OVNCFS PG &5'T DMPTJOH EPXO 8IJMF BTTFU NBOBHFST TIVUUFSFE TPNF GVOET JO m PG XIJDI IBE MFTT UIBO 64 NJMMJPO JO BTTFUT m "SNPVS FYQFDUT UIBU GJHVSF UP TPBS OFYU ZFBS BCPWF UIF SFDPSE PG TFU JO i5IFSF IBT CFFO TP NVDI QSPEVDU EFWFMPQNFOU BOE B MPU PG &5'T XPO U TVSWJWF UP SFBDI QSPGJUBCJMJUZ TJNQMZ CFDBVTF UIFZ EPO U

ÉÉ´‰ ¿’’‰ÌÐ ©H¨¿º‰ ©Ð€¿ÛºØÐ ©º ¨©ºj #&*+*/( "QQMF JT PGGFSJOH SBSF EJTDPVOUT PG VQ UP ZVBO 3. PO JUT MBUFTU J1IPOF NPEFMT JO $IJOB BT UIF 64 UFDI HJBOU NPWFT UP EFGFOE JUT NBSLFU TIBSF BHBJOTU SJTJOH DPNQFUJUJPO GSPN EPNFTUJD SJWBMT MJLF )VBXFJ 5IF EJTDPVOUT DPNF BT DPOTVNFST SFNBJO DBVUJPVT XJUI TQFOEJOH BNJE $IJOB T TMPXJOH FDPOPNZ BOE EFGMBUJPOBSZ QSFTTVSFT XJUI UIF DPVOUSZ T DPOTVNFS JOGMBUJPO IJUUJOH B GJWF NPOUI MPX JO /PWFNCFS

"QQMF JT HSBQQMJOH XJUI EFDMJOJOH NBSLFU TIBSF JO $IJOB UIF XPSME T MBSHFTU TNBSUQIPOF NBSLFU XIFSF MPDBM NBOVGBDUVSFST IBWF JOUFOTJGJFE DPNQFUJUJPO )VBXFJ IBT FNFSHFE BT B QBSUJDVMBSMZ TUSPOH DIBMMFOHFS TJODF JUT SFUVSO UP UIF QSFNJVN TFHNFOU JO "VHVTU XJUI MPDBMMZ NBEF DIJQTFUT )VBXFJ IBE DVU UIF QSJDFT PG B WBSJFUZ PG IJHI FOE EFWJDFT JODMVEJOH NPCJMF QIPOFT CZ VQ

5IF GPVS EBZ QSPNPUJPO SVOOJOH GSPN +BO UP BQQMJFT UP TFWFSBM J1IPOF NPEFMT XIFO QVSDIBTFE VTJOH TQFDJGJD QBZNFOU NFUIPET BDDPSEJOH UP JUT XFCTJUF 5IF GMBHTIJQ J1IPOF 1SP XJUI B TUBSUJOH QSJDF PG ZVBO BOE UIF J1IPOF 1SP .BY XJUI B TUBSUJOH QSJDF PG ZVBO XJMM TFF UIF IJHIFTU EJTDPVOU PG ZVBO 5IF J1IPOF BOE J1IPOF 1MVT XJMM SFDFJWF B ZVBO SFEVDUJPO

A man checking an iPhone 16 Pro Max at an Apple store in Beijing. – REUTERSPIC

8¿Ì¢jº OØjº´‰ç Ø¿ ´‰jä‰ jº²©º¢ Љ€Ø¿Ì €´©¹j؉ €¿j´©Ø©¿º /&8 :03, *OWFTUNFOU CBOL .PSHBO 4UBOMFZ TBJE MBTU XFFL JU IBE EFDJEFE UP MFBWF UIF /FU ;FSP #BOLJOH "MMJBODF /;#" CFDPNJOH UIF MBUFTU 64 MFOEFS UP RVJU UIF TFDUPS T UPQ HMPCBM DMJNBUF DPBMJUJPO GSPN TPNF 64 3FQVCMJDBO QPMJUJDJBOT PWFS UIFJS NFNCFSTIJQ XJUI BDDVTBUJPOT UIBU BOZ NPWF UP MJNJU GJOBODF UP GPTTJM GVFM DPNQBOJFT DPVME CSFBDI BOUJUSVTU SVMFT %FTQJUF MFBWJOH UIF /;#" .PSHBO 4UBOMFZ

SFQPSU PO JUT FGGPSUT UPXBSET QSFWJPVTMZ TFU UBSHFUT UP SFEVDF UIF FNJTTJPOT UJFE UP JUT MPBO CPPL 5IF EFDJTJPO CZ .PSHBO 4UBOMFZ GPMMPXT TJNJMBS NPWFT JO SFDFOU XFFLT CZ $JUJHSPVQ #BOL PG "NFSJDB 8FMMT 'BSHP BOE (PMENBO 4BDIT o 3FVUFST

DBSCPO FNJTTJPOT iSFNBJOT VODIBOHFEw i8F BJN UP DPOUSJCVUF UP SFBM FDPOPNZ EFDBSCPOJTBUJPO CZ QSPWJEJOH PVS DMJFOUT XJUI UIF BEWJDF BOE DBQJUBM SFRVJSFE UP USBOTGPSN CVTJOFTT NPEFMT BOE SFEVDF DBSCPO JOUFOTJUZw JU TBJE 5IF CBOL TBJE JU XPVME BMTP DPOUJOVF UP

TBJE JO B TUBUFNFOU UIBU JUT DPNNJUNFOU UP IFMQJOH UIF XPSME USBOTJUJPO UP OFU [FSP

8IJMF UIF CBOL HBWF OP SFBTPO GPS JUT EFDJTJPO UPQ CBOLT IBWF CFFO VOEFS QSFTTVSF