Foreign brands are losing market share to Chinese rivals, driven by local manufacturers’ lead in electric vehicles, as Beijing’s industrial policy begins to pay off.
Monthly Archives For July 2023
GM Cuts Lyriq Price In China By Almost 14% As Price Wars Continue
Cadillac gets in on price war in China, with cuts of more than $8,000, but no such measures are expected in the U.S.
G7 vs. China: US, Europe unite in tough messaging against Beijing
Issued around the time of Ukrainian President Volodymyr Zelenskyy’s arrival in Hiroshima, where the summit is taking place, the statement by leaders of the G7 wealthy democracies asked Beijing to do more to stop Russia’s…
A senator’s holds on military nominations are hurting readiness against China, Defense official says
From Defense policy bill amendments and “poison pill” spending bills to promotion holds, Republicans’ efforts are frustrating Pentagon officials.
China’s Metal Export Restrictions Leave Traders Scrambling
In response to the potential expansion of the US’s semiconductor chip export ban, China has imposed export restrictions on two key metals, gallium and germanium.
What is behind China’s failed ‘truce’ in EV price war?
The group representing China’s auto manufacturers has retracted a pledge to avoid “abnormal pricing” that it had brokered between 16 automakers, including Tesla, breaking off a truce in a brutal price …
Established Chinese Apparel Brands Struggle to Stay Afloat, Including China’s Zara
One such brand, La Chapelle, a domestic women’s fast-fashion company nicknamed “China’s Zara,” recently began liquidation proceedings after years of financial losses. On June 20, the Shanghai …
China’s controlling a pretty awful IPO market so far this year
EY Global IPO Trends Q2 2023 shows YTD, global IPO volumes fell 5%, proceeds down 36% YOY China accounted for lion’s share after Beijing reforms Asia-Pacific continues to dominate with circa 60% share …
Republicans rip ‘Barbie’ movie for map showing Beijing’s claims over South China Sea
She’s a Barbie girl in a Barbie world, but the movie based on the iconic doll is entangled in a real-life political snafu, with GOP lawmakers criticizing it over a scene that features a map…
FDA allowing more cancer drug imports from China amid US shortage
US regulators are allowing imports of additional supplies of a cancer drug from China amid a nationwide shortage that has forced doctors to ration care, putting patients’ lives at risk. The FDA …
Column: China imports more LNG but not enough to drive spot prices
Picture taken September 4, 2018. REUTERS/Stringer LAUNCESTON, Australia, July 6 (Reuters) – China’s imports of liquefied natural gas (LNG) rose to a five-month high in June but tepid demand in the …
Argentina and Brazil replacing US as main soybean suppliers of China
According to the Chinese government, effective September 1, total import duties on US-origin yellow soybean will be 30%, and 35% on other soy varieties Amid trade tensions with the US, China’s …
Brazil’s trade surplus in 2023 expected to reach US$ 72 billion
Brazilian protein sales In related news, China has become global leader in beef imports, representing 30% of world demand. In the eleven months of 2022, according to China Customs, the country …
