Chinese electric car giant XPeng said Monday it would buy the EV subsidiary of ride-hailing platform Didi for more than $740 million and launch a new brand of vehicles.
Monthly Archives For August 2023
South China Sea: Beijing may need to show restraint ahead of US-Vietnam meeting
Beijing may need to rethink its strategies in the Sea to avoid further isolation, observers said, after Washington signed deals with Japan and South Korea on expanding security cooperation. But as it …
China central bank unveils guidance on relaxing residential housing loans
China’s central bank on Friday unveiled guidance on relaxing residential housing loan policies to better meet residents’ needs for housing.
BOJ Ueda says China’s slowdown adds to economic uncertainty
TOKYO (Reuters) – Bank of Japan Governor Kazuo Ueda said the pace of economic activity in China has been a disappointment that could cloud Japan’s economic outlook, according to a text of his speech …
China Yuan Bears Fade in Near Term on Support Moves, Charts Show
Traders are betting on short-term relief for China’s offshore currency, even as global investors predict mounting economic stress will drive the yuan to historic lows.
China stocks climb after authorities attempt to lure investors with stock tax cut, other moves
The Hang Seng HK:HSI also got a lift from the moves by China to ease trading rules, with the index up 1.2%, though down 9.4% in August so far, which would also be its worst…
China and Hong Kong stocks lead gains in Asia markets; Evergrande shares plunge
Investors will be looking at China’s factory activity on Thursday, as well as PMI readings across the region on Thursday.
BYD unit buys US firm Jabil’s mobile parts business in China for $2.2 billion
Chinese automaker BYD said on Monday its electronics unit has struck a deal with U.S.-based manufacturer Jabil Inc to buy its mobile electronics manufacturing business in China for 15.8 billion yuan …
Terry Gou Says Apple, Tesla Links Mean China Can’t Pressure His Business
Tech billionaire Terry Gou denied Beijing could pressure him through his extensive operations in the country, which include much of Apple Inc.’s supply chain — in comments that came as he said he’d …
Chinese Australian writer fears dying in Beijing detention after being diagnosed with a kidney cyst
Chinese Australian writer and democracy blogger Yang Hengjun has told his family he fears he will die in a Beijing detention center after being diagnosed with a kidney cyst, prompting supporters to …
U.S. commerce chief in Beijing amid China’s economic woes
During a visit to China, U.S. Commerce Secretary Gina Raimondo says it’s “profoundly important” that Washington and Beijing have a “stable economic relationship.” CNN’s Kristie Lu Stout reports.
US-China tensions help spawn craze for China card game
STORY: As foreign funding dries up in China amid souring relations with the United States, Chinese bankers and business executives are taking to a novel way of unlocking domestic capital: by “throwing eggs”.
Economic Watch: China halves stamp duty on stock trading to invigorate capital market
Besides the latest efforts in capital market, the central bank also unveiled measures to bolster the economic recovery. Since August, China has cut the interest rates of the medium-term lending …
