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…
Monthly Archives For June 2023
Sluggish demand in China prompts Qualcomm, MediaTek to cut wafer starts and prices
China’s mobile phone sales during the 618 shopping festival were disappointing, prompting Qualcomm and MediaTek to reduce wafer starts at foundries and lower chip prices, according to industry sources …
MWC Shanghai 2023 Preview: Four Years of 5G in China
MWC Shanghai 2023 will be held at the end of this month, with executives from telecom operators and mainstream equipment manufacturers set to deliver keynote speeches sharing their insights into …
These American Businessmen Are Cozying Up With China
Bill Gates, the founder of Microsoft and one of the world’s richest men, recently met with China’s President Xi Jinping at Beijing’s Diaoyutai state guesthouse.
China announces extension of purchase tax break on NEVs until 2027
China on Wednesday announced an extension of a purchase tax break on new energy vehicles (NEVs), a new pillar of the economy whose muted recovery has seen market watchers calling for more stimulus.
China extends preferential purchase tax policy for NEVs
China will extend its preferential purchase tax policy for new energy vehicles (NEVs) to the end of 2027, Chinese authorities have said. Purchase tax will be exempted for NEVs bought in 2024 and 2025, …
China announces extension of purchase tax break on NEVs until end-2027
China on Wednesday announced an extension of a purchase tax break on new energy vehicles (NEVs), a new pillar of the economy whose muted recovery has seen market watchers calling for more stimulus. NEVs bought…
Banks cut China’s GDP growth forecasts, while Beijing cuts rates (and censors)
Data from the National Bureau of Statistics for May have set off immediate alarm bells among international financial institutions. The gloomy post-COVID economic outlook is worrying a population still …
Scientist sickened at Wuhan lab early in coronavirus pandemic was US-funded
A Chinese scientist studying coronaviruses at a Wuhan lab who fell sick early in the pandemic with an unspecified illness was partially funded by U.S. agencies.
Baidu Expands Fully Driverless Ride-Hailing Service to Shenzhen, after Beijing and Wuhan
Baidu Apollo Go autonomous vehicles will be granted permission to operate within a sizable 188 sq. km expanse in Shenzhen …
Foreign companies are shifting investment out of China as confidence wanes, business group says
Foreign companies are shifting investments and their Asian headquarters out of China as confidence plunges following the expansion of an anti-spying law and other challenges, a business group said Wednesday.
As growth stalls for the U.S. and China, Blinken talked up economic ties in high-stakes Beijing trip
In a press conference Monday, Blinken noted record high trade between the two countries, and said the U.S. is “prepared to cooperate with China” in “macroeconomic stability.” Earlier that day, he met with U.
US-China tensions: Biden calls Xi a dictator day after Beijing talks
US President Joe Biden has called Chinese President Xi Jinping a dictator. His remarks come a day after US Secretary of State Antony Blinken met Mr Xi for talks in Beijing, aimed at easing tensions…
