China's Oil Refining Output Rebounds to Strongest Since 2023
Refining output rose to more than 15.2 million barrels a day, the strongest pace since September 2023, according to Bloomberg calculations based on figures released by the statistics bureau on Tuesday. Compared to June last year, volumes surged by 8.5%, reversing the declines seen in April and May.
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Forbes
29 minutes ago
- Forbes
Samsung Is Running Seven Serious Deals For The Galaxy Z Fold 7
The Samsung Galaxy Z Fold7 smartphone is displayed at a Samsung store in Seoul on July 10, 2025. ... More Samsung unveiled on July 9, the new generation of its foldable smartphone, the Z Fold7, dramatically slimmed down in an attempt to jumpstart this still-niche market. (Photo by Jung Yeon-je / AFP) (Photo by JUNG YEON-JE/AFP via Getty Images) Samsung really wants you to buy the Galaxy Z Fold 7. It started with repeated teasers, that virtually gave everything away, and ended with a spate of pre-order discounts, including a 24-hour flash giveaway. As it stands, the Korean company is running seven (get it?) different promotions for its Galaxy Z Fold 7, alongside a new double trade-in deal I haven't seen before (more on that below). Here's what is on offer. Most of these offers expire on July 24th, except the long-running "APP5" code, and the free pair of Galaxy Buds voucher, which ends today (July 15th) at midnight. Considering Samsung continued to offer freebies and discounts weeks after the Galaxy S25 Edge released, I wouldn't be surprised if more were on the way for the Fold 7. These promotions and freebies, before a trade-in is included, total £718.95 ($963.08). A solid deal that almost makes buying the phone in the pre-order period worth it. Especially the double trade-in deal, which is one of the more eye-catching offers. In essence, Samsung will pay £200 for 'any tablet in any condition' on top of your used-smartphone trade-in. The Korean company previously told me that it will honor that promise of accepting any device, and the small print doesn't have any glaring caveats to it. The 100 day try before you buy period, too, is very enticing. Samsung Has More Galaxy Z Fold 7 Discounts Up Its Sleeve But, as you will know if you read my deals stories (don't miss any by hitting the follow button below), this is the worst time to buy a smartphone. Like cars, smartphones depreciate rapidly and the pre-order period is when the device is at its most expensive. Samsung will almost certainly discount the Galaxy Z Fold 7 again. A good cue is the Galaxy S25 Edge, which was bundled with the Galaxy Tab A9 Plus a month after the phone launched. Also, a Galaxy Z Fold 6 deal in May knocked a straight $350 off the device, which, to me, is the gold standard in deals because the actual price of the handset is lower. Freebies and incentives are great, but minimising the dent in your wallet is far more important. Trade-in prices, too, were better a month ago. In June Samsung valued the Galaxy S23 Plus at £333 ($446.08), but now it's only worth £257 ($344.27). The Galaxy S23 Ultra was priced at £449 ($601.47), now it's valued at £386 ($517.07). It's not all bad news, last month Samsung paid £230 ($308.10) for the Apple iPhone 13 Pro Max, that valuation has now shot up to £345 ($462.15). If you're not in a hurry to buy the Galaxy Z Fold 7, I'd say it's worth waiting to see what discounts Samsung has up its sleeve for next month.
Bloomberg
29 minutes ago
- Bloomberg
China's Reputation Improves in Pew Survey as US Sees Drop
Public perceptions of China have improved over the past year, according to a new survey, while those of the US have dimmed — a trend that coincides with President Donald Trump returning to office. A median of 32% of respondents in high-income countries had a favorable opinion of China, according to a report by Pew Research Center released on Wednesday — the highest level in six years. In contrast, the figure for the US fell to 35%, the lowest in data going back to 2017.
Wall Street Journal
31 minutes ago
- Wall Street Journal
Nvidia's China Troubles Aren't Over
Nvidia NVDA 4.40%increase; green up pointing triangle notched a political win Monday with the Trump administration's loosening of restrictions on its chip sales in China. But the artificial-intelligence chip giant isn't done being a pawn in the big-power rivalry between the U.S. and China. The reprieve came as boiling trade tensions seem to have reduced to a simmer. The countries reached a trade truce in Geneva in May, and China followed up by easing supplies of much-needed rare-earth metals for U.S. automakers and manufacturers.
