With the success of Shanghai’s Gigafactory, China is already Tesla’s second-top market for Tesla EV sales. Musk has taken over $1 billion in loans from Chinese state-owned banks; and Tencent, a …
Monthly Archives For November 2022
China’s Baidu says it expects ‘limited’ impact from U.S. chip curbs
“We think the impact is quite limited in the near future,” said Dou Shen, executive vice president and head of Baidu AI Cloud group.
IMF expects gradual growth for China’s economy
The International Monetary Fund has forecasted China’s economy to grow at 3.2 percent in 2022, then rise by 4.4 percent for the next two years as the country’s growth remains under pressure following …
Blockchain tech innovation forum held in Chengdu
CHENGDU, China, Nov. 23, 2022 /PRNewswire/ — A forum focusing on the innovation and development of blockchain technology was held in Chengdu, the capital of Southwest China’s Sichuan province, on Nov …
China widens COVID curbs, Apple factory unrest adds to economy worries
Chinese authorities imposed more restrictions on Wednesday to rein in a rapid rise in COVID-19 infections, adding to investors’ worries about the economy just as fresh unrest at the world’s largest …
Is COVID-19 Making a Comeback? China Reports Sudden Surge In Cases, Restrictions Reimposed In Beijing
According to the latest reports, China’s biggest capital Beijing has logged a new high in its COVID-19 caseload and reported two more deaths on Tuesday. Taking cognizance of the sudden spike in the cases,
Beijing shuts parks and museums as Covid outbreak nears April peak
China sealed access to capital Beijing’s parks, shopping malls and museums amid a spike in Covid cases in the country with more than 28,000 infections reported nationwide on Tuesday, sparking fears of harsher restrictions to…
Reports: Workers protest at virus-hit China iPhone factory
Employees at the world’s biggest Apple iPhone factory have been beaten and detained in protests over contract disputes amid anti-virus controls, according to employees and videos posted on social …
China may have ‘passed the point of no return’ as Covid infections soar
Surging Covid infections make it harder for China to achieve zero-Covid without reverting to a harsh lockdown, Macquarie’s Chief China Economist Larry Hu said.
‘We’ve totally confused residents’: China’s Covid policy flip-flop stokes frustration
Rising Covid cases have forced officials across the country to backpedal from some of the tamer zero-Covid policies pushed by Beijing less than two weeks ago. Analysts and investors had hoped the measures announced by…
Berkshire Hathaway: Warren Buffett further unwinds BYD investment in China
Warren Buffett’s Berkshire Hathaway is continuing to unwind its long position in BYD, China’s largest home-grown EV maker and Tesla’s major rival, after holding it for 14 years.
China Central Bank Adviser Sees GDP Growth Above 5% in 2023
China’s economy will likely grow more than 5% next year should Covid disruptions end and the government roll out more policies to boost confidence and consumption, according to an adviser to the …
China’s tech giants will have to keep on giving
Investors must be hoping that a looming fine for fintech player Ant and e-retailer JD.com’s decision to boost benefits for lower-paid workers at the expense of executives are one-offs. After all, the …
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