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Cranberry Journal

Monday, October 12, 2026

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At the close · Oct 12

China

Tagged stories

A close-up of a silicon wafer showing a grid of iridescent chip dies, in shallow focus.
Markets

ASML Reports Wednesday and No Longer Publishes Orders. China Was 16 Per Cent of Its First-Half Sales, Against a Full-Year Guide of About 20 Per Cent.

ASML will announce third-quarter results on Wednesday 14 October and has guided to net sales of €11.0 billion to €12.0 billion. China was €2.9 billion, or 16 per cent, of first-half sales, against management's full-year expectation of about 20 per cent. The company stopped publishing bookings this year, so Wednesday's release will carry no order figure.

By Daniel Okafor  

An industrial welder working amid sparks in a dark factory
World

Thirty Days to the Rare Earth Cliff

China's suspension of its sweeping rare earth export controls expires November 10, about a month away. August export volumes already ran 18 percent below last year despite the truce. The West spent the reprieve mostly watching.

By Cory Chamberlain  

The Shanghai skyline seen across the Huangpu River from the Bund, with the Oriental Pearl Tower on the left and the skyscrapers of Lujiazui to its right.
World

There Are 30% Fewer Japanese Companies in China Than in 2012. Those That Stay Still Make Things There, but Fewer Count on Selling There.

Teikoku Databank counted 10,118 Japanese companies with a presence in mainland China in June, down 22 per cent in two years and 30 per cent from the 2012 peak. A record 4,137 left or could no longer be traced. Among those that remain, China's standing as a production base has slipped only a little since 2019. Its standing as a market has collapsed.

By Alison Acosta  

Shoppers, several wearing face masks, walk past a large Huawei store with cars on display inside a bright shopping centre with Chinese signage.
Technology

Qualcomm Will Buy Patents From Huawei. Two Years Ago, Washington Stopped It Selling Huawei Chips.

Huawei and Qualcomm announced a multi-year cross-licence on Monday covering 5G, computing, AI and networking, and Qualcomm agreed to buy some of Huawei's American patents. Neither company disclosed the price. Huawei called it its first revenue-positive agreement with Qualcomm, and Nikkei reported that Qualcomm will be the net payer for the first time. The purchase needs regulatory approval.

By Thomas Gutierrez  

Workers stand at a yellow-framed production machine inside a large factory hall, beside stacks of flattened cardboard on pallets and overhead ducting.
World

China's Factories Grew Again in September. What They Pay for Materials Grew Faster.

China's official manufacturing index rose to 50.1 in September, back above the line after two months of contraction. Production picked up and the services and construction gauge recovered. But the index of raw material prices jumped to 60.8, the steepest reading since the spring, while the index of prices factories charge rose to 54.0. The gap between what manufacturers pay and what they get is widening again.

By Alison Acosta  

A large dish antenna on a steel tower against a dark hillside, in black and white.
The Long View

The Satellite Pictures Were Bought Before the Strike and Again After It

US officials have linked satellite imagery supplied to Iran by Chinese entities to the July strike on a base in Jordan that killed three American soldiers, The Wall Street Journal reported. Iran obtained high-resolution pictures of the base before the attack and after it. The officials did not accuse the Chinese government. The disclosure lands ten days before Xi Jinping is due at the White House.

By Cory Chamberlain  

A worker guiding a crane lifting a bundle of steel tube in a distribution warehouse.
The Long View

The Number Arrived With the Coffins

Eurometal says 300,000 European manufacturing jobs will go before the end of this year, and marked the claim by carrying ten coffins around the European Commission. The stunt makes the figure easy to discount. The cost gap underneath it does not depend on the stunt being fair.

By Cory Chamberlain  

Rows of new cars parked in a distribution lot.
The Long View

The Complexity Was Supposed to Be the Advantage

Porsche's operating margin went from 14.5 percent to 0.3 in a year. Volkswagen Group deliveries in China fell 37 percent in a quarter, in a market down 20 percent overall. Some investors have concluded the group is not fixable, and the interesting question is what fixing it would require.

By Alison Acosta