Drivers in the global industry’s biggest market bought 1.7 million SUVs, sedans and minivans, according to an industry group, the China Association of Automobile Manufacturers. Total purchases in the … ( read original story …)
Monthly Archives For July 2019
Chinese brands thrive in a slowing smartphone market
Xiaomi, Vivo and others are likely taking note. Huawei was already the best-selling smartphone brand in China before the trade ban. While other Chinese brands have yet to suffer considerable impact … ( read original…
Subsidy cuts could sound the death knell for China’s cheap electric carmakers as entry-level vehicles face huge price rises, says Xpeng chief
Drastic cuts to government subsidies that have propped up China’s electric carmakers could create an existential crisis for those at the budget end of the scale. Manufacturers who have been selling … ( read original…
Pocari Sweat among big brand advertisers reportedly fleeing Hong Kong broadcaster TVB over biased coverage claims and boycott call
Leaked messages on Wednesday indicated global brands such as Pocari Sweat … enraged internet users in mainland China on Wednesday, many of whom called for a ban on the “pro-Hong Kong independence … ( read…
China Declared Crypto War: Central Bank Threatened by Facebook’s Libra
The Central Bank of China recently unveiled its plan to delve into the crypto space and declared a crypto war as it is developing its very own digital currency, reportedly in response to Facebook’s ……
China’s Internet: Bigger, Younger, Smarter, Says Study
China’s Internet ecosystem is becoming younger and smarter, while also becoming larger — and more isolated. According to the second annual “China Internet Report” published by research firm Abacus and … ( read original story…
China fines UniCredit AG unit $1.5 million for embezzlement
BEIJING (Reuters) – China’s banking and insurance regulator said on Tuesday it fined an onshore branch of Italy’s UniCredit Bank AG [UCCDB.UL] 10.3 million yuan ($1.50 million) for embezzlement. A … ( read original story…
Brand Expectations for China are High, with Hopes Pinned on eCommerce and Social
New research reveals that brands are planning significant investments in China despite a lack of confidence in marketers’ understanding of the market China will be the next frontier of growth for … ( read original…
Trade War may force China to shut down more factories, say supplier
While Chinese factories suffer, manufacturers in other Asian hubs become beneficiaries — up to a point. American retailers have already taken up all the manufacturing capacity in Vietnam in their … ( read original story…
China autos brace for another annual contraction, sales shrink in June
The lower forecast by the China Association of Automobile Manufacturers (CAAM) comes amid a spate of downward revisions by industry experts, triggered by a prolonged and increasingly pronounced sa … ( read original story …)
Italy’s Generali, CDP urge China to further open up financial sector
MILAN (Reuters) – Two of Italy’s largest financial institutions, insurer Assicurazioni Generali (GASI.MI) and sovereign wealth fund CDP, called on Wednesday for China to further open up its markets … ( read original story …)
China June exports seen falling, adding to fears of global slowdown: Reuters poll
BEIJING (Reuters) – China’s exports likely fell in June as weakening global demand and a sharp hike in U.S. tariffs took a heavier toll on the world’s largest trading nation, a Reuters poll … (…
China Unicom deploys Nokia optical fronthaul to support 5G deployment in 2019
Nokia optical fronthaul network to provide transport of China Unicom’s 4G/5G cloud RAN traffic in Beijing, ensuring precise, high-quality transmissions between central-office baseband units and … ( read original story …)
