India  
NewsR.in
> > >

U.S.-China trade war puts chill on CES tech show

Video Credit: Reuters Studio - Duration: 01:56s - Published < > Embed
U.S.-China trade war puts chill on CES tech show

U.S.-China trade war puts chill on CES tech show

U.S.-China tensions put a chill on world's biggest tech show CES in Las Vegas as some Chinese exhibitors stay home.

Jane Lee reports.

0
shares
ShareTweetSavePostSend
 

U.S.-China trade war puts chill on CES tech show

What do you do if your neighbor doesn't show up at CES - the biggest tech show in the world?

Dance with your robot of course.

This space was earmarked for Beijing based Bubble Lab on the floor plan but the company doesn't appear to have come.

It's not clear why.

A Chinese newspaper reported that the number of Chinese companies attending had dropped about 20 percent from last year's record high.

CES organizers say Chinese exhibit space represents about 14 percent of total show floor space this year - roughly the same as last, and point to the growth of larger Chinese companies.

Like Meituan - a hugely popular food delivery app - coming to CES for the first time.

SOUNDBITE: WANG PUZHONG, SENIOR VICE PRESIDENT OF MEITUAN, saying: "I think the dispute and controversy is only temporary.

I believe that the two big countries will have more economic cooperation and innovate together." But major smartphone maker Xiaomi skipped the show altogether, and ZTE didn't get a booth.

ZTE and Huawei, two of China's biggest telecom equipment makers have been accused by the U.S. government of selling equipment capable of spying on Americans -- charges both companies deny.

And Huawei's CFO was arrested late last year in Canada, which some say made other executives jittery.

Huang Yifeng, whose company Proexpo PR organizes an event to promote Chinese startups, says all his clients have come to Vegas, but says companies hurt by U.S. tariffs were skipping the show.

SOUNDBITE: HUANG YIFENG, FOUNDER PROEXPO PR, Saying: "The tariffs have a big impact on them, so it's no use to come and get more sales orders." And one Chinese drone maker - Attop - left an empty booth with this man to handout brochures.

Attop says it decided to go to a Hong Kong toy and game expo overlapping with CES instead where it would meet its European clients.




You Might Like


Recent related videos from verified sources

Jim Cramer's Three Stock Picks During the Trade War [Video]Jim Cramer's Three Stock Picks During the Trade War

Over the weekend, there were headlines about the possibility of a trade agreement between the U.S. and China. The Wall Street Journal first reported the potential for a deal, which could come as soon..

Credit: The Street     Duration: 02:28Published

Buy This One Stock After the GDP Numbers, Says Jim Cramer [Video]Buy This One Stock After the GDP Numbers, Says Jim Cramer

Need a stock pick? Jim Cramer has one that he thinks is a buy after the GDP numbers were released Thursday morning. The U.S. economy slowed to a 2.6% annual growth rate in the fourth quarter, as the..

Credit: The Street     Duration: 01:08Published

Why Jim Cramer Thinks There's Going to Be a China Deal [Video]Why Jim Cramer Thinks There's Going to Be a China Deal

Is the trade war coming to an end? Jim Cramer thinks that the possibility of a deal with China is high after he talked to Larry Kudlow, director of the National Economic Council. "I thought the market,..

Credit: The Street     Duration: 02:38Published

Jim Cramer Breaks Down Canopy Growth and Martha Stewart, GDP Numbers and JCP [Video]Jim Cramer Breaks Down Canopy Growth and Martha Stewart, GDP Numbers and JCP

It's almost Friday... Good Morning, GDP The U.S. economy slowed to a 2.6% annual growth rate in the fourth quarter, as the stimulus faded from President Donald Trump's late-2017 tax cuts and consumers..

Credit: The Street     Duration: 13:34Published

Environmentally friendly: newsR is hosted on servers powered solely by renewable energy
© 2019 newsR Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest