Tesla shares slipped for a second straight day as the automaker announced price cuts in China, and is also idling production at Giga Berlin due to Red Sea-related supplier disruption.
Monthly Archives For January 2024
Hongkongers face long queues as they flock to new Shenzhen Costco megastore to hunt for bargains
Hongkongers were among thousands of bargain hunters who on Friday flocked to the opening day of Costco’s Shenzhen megastore as the bulk-buying frenzy at members-only outlets across the border …
Intel, Nvidia and Micron execs asked to testify by US House China panel – report
The House of Representatives’ China panel has urged the chief executives of certain U.S. chip manufacturers to testify before Congress, as the panel intensifies its scrutiny of companies with …
Car window AND TV? Marveling at China’s cutting-edge technology at CES!
Here it comes, the annual extravaganza for global tech companies!
‘Large’-eyed mountain creature found hiding in stream in China. It’s a new species
High up on a mountain in central China, a “large”-eyed creature sat on a plant, hidden in plain sight. The spotted animal had managed to escape notice for years. When scientists finally found it, they…
Beijing’s anti-dumping probe of French brandy could be the ‘first bullet’ in a Europe-China trade war
Last week, Beijing revealed its response to the European probe: an anti-dumping investigation into brandy exports from France. China imported $1.57 billion worth of spirits from distilled grape wine …
Hong Kong a cautionary tale as China looms over Taiwan’s election
As Taiwan heads to the polls this weekend in an election bound to shape its relationship with China, voters are being called to think of Hong Kong.
Tesla Shares Drop on China Price Cuts and German Plant Shutdown
Tesla Inc. shares dropped in early trading after the carmaker cut prices again in China and said its lone European factory will be disrupted by attacks in the Red Sea.
China, Russia Trade Soared In 2023 As Commerce with US Sank
Trade between China and Russia hit a record high in 2023, official data from Beijing showed on Friday, as commerce with the United States fell for the first time in four years on the back…
China urges better financing coordination for housing sector
China’s housing ministry and financial regulator asked local governments to better coordinate with financial institutions to provide financing support to real estate projects, as policymakers work to revive the sluggish housing market.
China exports pick up, but deflation lingers
STORY: Chinese exports picked up in December, spelling relief for policymakers. Overseas shipments rose 2.3% on the year – that was better than forecast and far faster than the month before. Imports also grew.
China’s exports rise 2.3% in December amid uneven recovery, while consumer prices edged lower
China’s exports grew slightly for a second consecutive month in December even as deflationary pressures continue, according to official data released Friday, underscoring an uneven recovery in 2023.
Asia markets fall as China annual exports drop, Japan bucks the trend to extend record rally
Japan’s markets continues its record breaking rally, while China releases its December figures for inflation and trade.
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