BYD, which surpassed Tesla as the world’s top-selling EV brand in the fourth quarter, selling more battery-powered vehicles than its U.S. rival, said it plans to invest 5 billion Chinese yuan ($701.8 …
Monthly Archives For January 2024
Japan Manufacturers Less Confident as Dark Clouds Hang Over China, Global Growth
The BOJ’s tankan showed last month sentiment at big Japanese manufacturers hit a near two-year high in the three months to December, and that for non-manufacturers jumped to levels not seen since 1991 …
China’s Q4 GDP shows patchy economic recovery, raises case for stimulus
China’s economy grew slightly slower than expected in the fourth quarter, with a deepening property crisis, mounting deflationary pressures and weak demand reinforcing expectations that Beijing will have to roll out more stimulus measures soon.
Across China: Shenzhen strives to become NEV supercharging city
BYD, headquartered in Shenzhen and one of China’s largest NEV manufacturers, has so far manufactured about 6 million NEVs. It is estimated that by the end of 2025, the number of NEVs in the city…
China’s property market slide worsens despite government support
China’s December new home prices fell at the fastest pace since February 2015, marking the sixth straight month of declines, official data showed on Wednesday, with the sector still struggling to get back on its…
China Launches Data Review Into Shein Ahead of US IPO, WSJ Says
China’s top cybersecurity watchdog is probing how Shein handles data as the fast-fashion company is seeking Beijing’s approval for its initial public offering in the US, Wall Street Journal reported.
Russia’s Kinzhals are frustrating Chinese analysts who want to find out how Beijing’s hypersonic missiles might stack up against US battlefield defenses
China has been watching the Kinzhal closely to see how it stacks up against US systems in Ukraine.Beijing hopes that its own hypersonic missiles will give it an edge over the US in a potential…
China sees one of its worst years of growth since 1990 as recovery stalls
China’s economy last year grew at one of its slowest rates in more than three decades, official figures showed Wednesday, as it was battered by a crippling property crisis, sluggish consumption and global turmoil.
China consumers keep Beijing, and world, on edge
All eyes will be on China’s consumers in 2024. The economy expanded 5.2% year-on-year in the fourth quarter, thanks to manufacturing. But maintaining the momentum will be tricky as local demand remains weak.
China says its economy grew 5.2% in 2023, as it resumes reporting youth unemployment data
China’s economy grew 5.2% in 2023, officials said Wednesday, as they resumed reporting the unemployment rate for young people.
China GDP: Beijing’s long to-do list to boost economy in 2024
China is facing a set of hurdles to sustain solid economic expansion in 2024 after it reported upbeat growth last year. Its gross domestic product (GDP) rose by 5.2 per cent year on year in…
China’s GDP expands 5.2% in Q4, misses market forecast
China’s economy expanded 5.2% in the fourth quarter from a year earlier, official data showed on Wednesday, missing analysts’ expectations slightly but still making it possible for Beijing to meet its annual growth target.
Fashion Giant Faces New IPO Hitch: China’s Cybersecurity Police
Authorities in Beijing are scrutinizing Shein’s data handling for potential national security risks, a move that could delay its planned share sale.
