European businesses in China are finding it harder to operate in the country, even after it has re-opened from Covid, the EU Chamber of Commerce in China said.
Monthly Archives For June 2023
Brazil’s Embraer returns to China with deal for freight conversions
Brazilian planemaker Embraer is returning to China with a deal to convert passenger jets into freight aircraft with a local partner in the northwestern city of Lanzhou, the company said on Wednesday.
China’s Luxury Home Sales Soar in First Five Months, But Fail to Lift Property Market
Sales of high-end homes priced between CNY10 million (USD1.4 million) and CNY30 million surged 45 percent in the five months ended May 31 from a year ago, according to statistics from real estate …
China, a leading market, innovation hub to bring more opportunities, says BMW CEO
Cars are seen in production at a BMW Brilliant factory in Shenyang, Liaoning province. YANG QING/XINHUA . BERLIN — China, a major marketplace and global leader in innovation, wil …
European Firms Grow More Pessimistic on Doing Business in China
A record share of European companies say doing business in China is getting more difficult, with some already following through on plans to divest from the world’s second-largest economy, according to …
China unveils $72 billion tax break for EVs, other green cars to spur demand
China unveiled on Wednesday a 520 billion yuan ($72.3 billion) package to boost sales of electric vehicles (EVs) and other green cars over the next four years to prop up softening auto demand, sending shares…
Oil rises as hawkish Fed talk expectations offset China demand worries
Oil prices rebounded early on Wednesday, recovering after two straight sessions of losses, as expectations of hawkish Federal Reserve talk later in day and possible U.S. crude stock drawdowns outweighed China demand worries.
Biden refers to China’s Xi as a dictator during fundraiser
Mr. Biden, addressing the Chinese surveillance balloon which was shot down by the U.S. military in February off the coast of South Carolina, implied that Xi was caught off guard by the incident.
China and Pakistan sign $4.8 billion nuclear power plant deal
Pakistan and China signed a $4.8 billion deal on Tuesday to build a 1,200-megawatt nuclear power plant, Prime Minister Shehbaz Sharif said, hailing the investment by a country that Pakistan views as its most dependable…
Citic, JPMorgan Replacing CICC in Cainiao’s Hong Kong IPO, Sources Say
Cainiao Network Technology Co., the logistics arm of Alibaba Group Holding Ltd., has seen a reshuffle in the banks that are preparing for its Hong Kong initial public offering, people familiar with …
China unveils $72 billion tax break for green cars to spur demand
China unveiled on Wednesday a 520 billion yuan ($72.3 billion) package to boost sales of electric vehicles (EVs) and other green cars over the next four years to prop up softening auto demand, sending shares…
Journalist who lied about Iraqi WMDs claims Chinese researchers were first COVID-19 patients
On Tuesday, the notorious war propagandist Michael R. Gordon, who helped launch the Iraq war by claiming Saddam Hussein was using aluminum tubes to build nuclear weapons, claimed, citing anonymous government sources,
China will make up almost 90% of Asia Pacific’s duty-free sales by 2027
Domestic duty-free sales in the Asia Pacific region are forecast to reach $81 billion by 2027, with the vast bulk of them coming from China, according to a new report from market research provider Euromonitor…
