China

Where does Apple make iPhones?

Apple assembles the majority of its iPhones in China, but parts are made in other countries, including the U.S.

Chinese banks must brace for surge in bad loans, regulator says

China’s banks should brace for a big jump in bad loans due to coronavirus-induced economic pain, the financial regulator said on Saturday, noting the deterioration of asset quality at some small and mid-sized financial institutions was accelerating.