Inside Chinese AC maker Midea's smart factory, it takes only 6 seconds to assemble a new AC on the line.
The factory has full 5G coverage, AI-powered real-time monitoring, automated unmanned packaging, and robotic transport.
Europe lacks more than just ACs.
Chinese appliance maker Midea raised $2.2 billion from the upsized sale of dual-tranche convertible bonds with zero coupon, according to terms of the deal seen by Bloomberg News
We are staying defensive in this Mideast turmoil. Reward doesn’t justify the risk. We continue to like high dividend payout names and sectors that have been relatively underperforming in the past few months. Rising dollar and falling liquidity conditions will continue to affect risk assets.