BofA Global Research on Friday raised its forecast for China’s 2023 gross domestic product (GDP) growth to 6.3% from 5.5%, saying it expects the strong credit impulse in the first quarter to lift cyclical growth…
Monthly Archives For April 2023
China is back, bringing profit and perplexity for western business
Xi Jinping’s China is bouncing back and making overtures to western business. While breathing new life into multinationals’ top lines, it is also bringing a fresh quandary: whether to invest in the …
China FM warns of ‘dangerous consequences’ of Taiwan criticism
Criticising China over Taiwan will have dangerous consequences, Foreign Minister Qin Gang warned Friday, as he insisted Beijing is a “growing force for peace and justice”.”Facts have proved that China …
Ford must rethink its brand for China as EVs boom, CEO says
Facing a booming and hyper-competitive market for electric vehicles (EVs) in China, Ford Motor Co needs to reshape its brand for the world’s largest car market, Chief Executive Jim Farley said.
China EV maker BYD to build $290 million battery component plant in Chile
China’s BYD Co Ltd, the world’s largest electric vehicle (EV) maker, plans to build a $290 million lithium cathode factory in Chile’s northern Antofagasta region, said Chilean economic development …
China’s Latest Big Coal Haul Includes Record Russian Purchases
China’s massive coal imports last month included record purchases from Russia and Mongolia and a significant increase in cargoes from Australia, according to the latest Chinese customs data.
China’s soybean imports from US jump in March
China’s soybean imports from the United States rose 43% in March, data showed on Friday, as delays in harvesting in top supplier Brazil prompted buyers to seek more U.S. beans. The world’s top buyer …
China’s foreign minister: Both sides of the Taiwan Strait belong to China
China’s Foreign Minister Qin Gang said on Friday that both sides of the Taiwan Strait belong to China, and that it is right and proper for China to uphold its sovereignty.
Japan wants ‘constructive, stable’ ties with China: PM
Japan wants “constructive and stable” ties with China and calls on Beijing to behave “responsibly”, the country’s Prime Minister Fumio Kishida said in an interview Thursday.”We’re facing the most …
We will be ‘clear and honest’ with China, says US treasury
Washington is seeking “constructive and fair” economic ties with China, but will also counter Beijing’s actions if they are not in America’s national interest, the US treasury secretary has said …
Janet Yellen teases move to limit US business in China
White House correspondent Peter Doocy has the latest on the Biden administration’s response to the threat of China on ‘Special Report.’ …
Chipmaking Tool Firms Expect Boom in China Sales Despite Export Rules
Two companies that make tools for manufacturing chips said that they expect sales to China to boom later this year despite U.S. export restrictions on equipment used to make cutting-edge …
EXPLAINER: What to Know About XBB.1.16, the New COVID-19 Strain Called ‘Arcturus’
XBB.1.16 has mostly been documented in India, which is seeing a significant increase in coronavirus infections.
