Global automakers, including Toyota and Volkswagen, took the stage at the Shanghai auto show on Tuesday with built-for-China and electric-drive products to compete for a high-stakes comeback in the …
Monthly Archives For April 2023
CNBC Daily Open: China reported an economic boom
China’s economy boomed in the first three months of the year. In the U.S., regional banks’ earnings reports were mixed.
China’s economy rises 4.5% in first quarter of 2023
After three years of strict pandemic restrictions, China’s economy is off to a solid start in the first quarter of 2023 with the country reporting a 4.5% rise in GDP. CNN’s Steven Jiang reports from…
China’s Q1 property investment falls 5.8% year-on-year
China’s property investment fell 5.8% from a year earlier in the first three months of 2023, from a 5.7% decline in January-February, official data showed on Tuesday. Property sales by floor area …
China’s reopening will benefit only a few banking systems in Asia-Pacific, says Moody’s
China’s reopening will be a boon to the economies — and hence the banking systems — of Hong Kong (Aa3 stable), Macau (Aa3 stable), Mongolia (B3 stable) and Thailand (Baa1 stable), given their close …
China’s fiscal revenue rises during first quarter
China’s fiscal revenue rose 0.5 percent year-on-year in the first quarter of 2023, while fiscal expenditure grew by 6.8 percent over the same period, the Ministry of Finance announced Tuesday. Li …
China fiscal revenue turns higher in March on recovering economic activity
China’s fiscal revenue rose in March, reversing a decline in January-February, as economic activity rebounded following the end of strict COVID curbs, but the finance ministry warned that revenue …
Covid: China economy rebounds after pandemic measures lifted
China’s economy grew faster than expected in the first three months of the year, as the country emerged from its tough Covid restrictions. Compared to the same period last year, gross domestic product …
Volkswagen unveils electric luxury sedan at China auto show
Volkswagen is unveiling an electric luxury sedan that promises a 435-mile battery range as global and Chinese automakers show their latest SUVs, sedans and muscle cars at the world’s biggest auto show.
China surveillance giant denies Pentagon spy claim
C hinese surveillance technology giant Hikvision has denied it is illegally disguising its products sold to the US government to enable Chinese espionage. It was responding to BBC queries about allegations revealed in a recently…
To Stay Ahead of China in AI, the U.S. Needs to Work with China
The United States and China are vying for global leadership in AI, a technology that is transforming political, economic, and military power. The U.S. currently leads in AI, but China is rapidly catching up and…
Stock market today: Asia mixed despite China growth data
Asian shares are trading mixed Tuesday as pessimism about global uncertainties remained even as China reported a better-than-expected economic growth data
Bitcoin, Ether, other crypto fall as SEC waves big stick; Dogecoin gains; U.S. equity futures flat
Bitcoin, Ether and most other top 10 non-stablecoin cryptocurrencies dipped Tuesday morning in Asia after the SEC sued crypto exchange Bittrex on Monday.
