STORY: About 41% of exhibitors at Munich’s IAA carshow this year are headquartered in AsiaSource: Inovev8% of new electric vehicles sold in Europe so far this year were made by Chinese brandsThat’s up …
Monthly Archives For September 2023
China’s financial-crisis defusing tools see biggest test in a quarter century
From intentionally setting up ‘bad banks’ in the ’90s to more recent bank takeovers, Beijing has a deep bag of policy tools to make economic repairs Defusing debt crises often comes with long-term …
Video Shows Russian Jade Miners Shooting at Police Over China-Bound Exports
Almost all of the jade mined in Buryatia without processing is exported to China, according to news outlet Infpol. It said that China used to purchase the gemstone from Myanmar but its current …
Wallenius Wilhelmsen: China Internally Suffers, But Not Exports
Summary Wallenius Wilhelmsen is benefiting from the return to normal in car exports and trade in vehicles after the COVID-19 pandemic. Chinese exports being decimated by COVID-zero policies last year …
Video Shows Russian Jade Miners’ Shootout Over China-Bound Exports
Almost all of the jade mined in Buryatia without processing is exported to China, according to news outlet Infpol. It said that China used to purchase the gemstone from Myanmar but its current …
Europe’s carmakers fret over China’s EV prowess at Munich car show
Europe’s carmakers have a fight on their hands to produce lower-cost electric vehicles (EVs) and erase China’s lead in developing cheaper, more consumer-friendly models, executives said at Munich’s …
China makes microchip breakthrough in blow to Biden’s tech sanctions
China has made a major breakthrough in microchip manufacturing, undermining US President Joe Biden’s efforts to block Beijing from accessing the most advanced technology. Chips in Huawei’s latest …
Bank of China: Retail Platforms Must Support China’s Digital Yuan
The director of the People’s Bank of China’s Digital Currency Research Institute emphasized the importance of wallet providers enabling digital yuan payments in all retail scenarios.
China’s digital yuan head urges unification of Alipay, WeChat Pay QR codes as PBOC pushes e-CNY adoption
The digital yuan should eventually be a payment option across ‘all retail scenarios’, said Mu Changchun While pilot trials of e-CNY started in 2019, convincing Chinese consumers to use the digital …
Tesla, Chinese brands take centre stage at Munich car show
Tesla and Chinese carmakers showed off their newest electric models at the Munich auto fair on Monday, throwing down the gauntlet to their European rivals as competition in the sector intensifies.The …
Europe stocks hit three-week high; miners gain on China stimulus; German exports dip
European markets are set to start the new trading week on a positive note, buoyed also by trade in Asia-Pacific markets overnight. European stock markets had closed mixed on Friday after a key U.S.
China’s gaming restrictions are an ‘ineffective policy’ that hasn’t cut playtime
The boffins have the data, and it suggests the CCP’s policy hasn’t changed behaviour.
Tesla, Chinese EV Brands Jostle for Limelight at German Fair
In all, 41% of exhibitors at the industry fair have their headquarters in China, including brands such as BYD, Leapmotor and Geely. Contrary to the Asian onslaught, participation from European …
