Stellantis is winding down its partnership with GAC Group, and the joint venture that built Jeeps in China. The company will import Jeep vehicles into the country, although did not say when that would …
Monthly Archives For July 2022
China’s Belt And Road Focuses On New Eurasian Trade Routes Due To Ukraine War
With Western sanctions against Russia keeping international companies away, Chinese shipping routes across Eurasia are bypassing the country and looking at underused southern networks to move goods to …
Some China areas extend their lockdowns and testing amid COVID-19 omicron variant spread
Major Chinese cities, including Shanghai, have re-implemented mass testing sites and lockdown measures as COVID-19 cases continue to rise across the country.
China holdings of U.S. debt fall below $1 trillion for the first time since 2010
China’s holdings of U.S. debt have fallen below $1 trillion for the first time in 12 years. Rising rates have made Treasurys potentially less attractive.
U.S. aid chief criticizes China’s ‘absence’ in a food crisis stoked by Russia’s invasion.
Samantha Power, the administrator of the U.S. Agency for International Development, criticized China for hoarding fertilizer and grain while millions of people in East Africa face starvation.
US wants to end dependence on China rare earths, Yellen says
Janet Yellen spoke at a press conference in South Korea and said that the United States is trying to undo its reliance on China for various rare earths and materials.
China scrambles to defuse anger over frozen bank accounts
To address rising public anger over frozen deposits at some rural banks in the country, the Chinese bank regulator has pledged to boost capital buffers for thousands of small banks which are facing …
Our Supply Chain ‘Irreplaceable’ Despite India, Vietnam Says China
As India plans to become a global manufacturing hub, a contract manufacturer of major Chinese smartphones here has said that while it becomes an “inevitable trend” for smartphone and other tech …
Lotus completes billion dollar factory in China, rolls first all-electric Eletre off assembly line
Sport and racing car manufacturer Lotus Cars announced it has officially completed its $1.2 billion production facility in Wuhan, China where several of the company’s future BEVs will be built. The …
In China, Apps Are Out—Infrastructure Is In
Recently, in Shanghai’s gritty industrial district, venture capitalist Ian Goh put on a gas mask to observe robots pack exactly 40 kilograms of wheat flour into each bag. It was all part of his due…
Stellantis terminates Jeep joint venture with GAC in China after failed takeover attempt
Both parties have admitted to tremendous difficulties with Jeep’s business operations in China, which has seen losses in recent year (Perhaps because drivers in China don’t want a gas guzzling …
China raises loan-support efforts for developers amid mortgage boycott
Chinese regulators stepped up efforts to encourage lenders to extend loans to qualified real estate projects as the beleaguered property sector faced fresh risks from a widening mortgage-payment …
Stellantis to end Jeep production in China after failing to take control of GAC joint venture
It also represents a shift in Stellantis’ China strategy … are unlikely to turn their business around because electric vehicles are increasingly well received by mainland consumers,” said …
