warns

China Warns Hong Kong It Will Intervene if Situation Deteriorates – The Wall Street Journal

August 7, 2019 by Zettan

BEIJING—A senior Chinese official in charge of Hong Kong affairs warned that Beijing would intervene if the local government proved unable to contain the violent protests, the most explicit threat of intervention to date from the central government.

At a meeting with Hong Kong representatives in the nearby city of Shenzhen on Wednesday, the official, Zhang Xiaoming, issued a dire assessment of the situation in the territory after more than two months of protests. He called the situation the most severe since China resumed…

Sony warns trade war could lead to PlayStation price hikes – Engadget

July 30, 2019 by Zettan

The US raised tariffs on $200 billion in Chinese goods back in May, to 25 percent. A further tariff expansion would cover another $300 billion in products, including PlayStation systems.

This leaves Sony in a tough position. Consoles like the PS4 are typically sold at slim profit margins (or even at a loss early on) with the expectation of recouping more money through game and service sales. There might not be much room for Sony to absorb the tariff costs or move production to another country. At the same time, a price increase could lead to even weaker PS4 sales and leave Sony on shaky ground until the PS5’s launch, which many expect in late 2020. Short of the US ending its tariff threats, there’s no easy answer.