Hong Kong residents burdened by higher costs at home are increasingly crossing the border into Shenzhen, China, for bargain shopping and leisure activities. The shopping migration: Hong Kongers have …
Monthly Archives For February 2024
China’s BYD unveils dancing EV supercar that costs $233,000
China’s electric vehicle (EV) manufacturer BYD unveiled its latest high-end vehicle, the Yangwang Ultimate 9, which can dance and drive on three wheels. About U9: The fully electric supercar debuted …
US Admiral Warns China Could Launch Surprise Attack From Military Drills
The nominee for chief of the U.S. Indo-Pacific Command has warned the U.S. needs to leverage new tools to better predict China’s movements.
China real estate crisis: Banks to lend $18bn for ‘white list’ projects
SHANGHAI — China’s biggest commercial banks are prepared to extend over 130 billion yuan ($18 billion) of financing for real estate projects, new disclosures show, in response to the government’s …
Financial flows to Russia are drying up as global banks fear losing access to the US dollar, Treasury official says
The threat of secondary sanctions are working, Deputy Treasury Secretary Wally Adeyemo told Reuters. Finance flows to Russia have withered as global institutions don’t want to lose dollar access. That …
China’s economy is unravelling at a pace previously thought unimaginable. Where does that leave Australia?
After China’s property market implosion, there are growing fears its banking and financial system may be impacted too. It’s further proof that China’s economy is unravelling at a pace previously …
China’s aviation boon, driven by C919 and Airbus plant, an opportunity South Korean firms ‘must pursue’
South Korea’s national trade and investment promotion agency says China is moving aviation parts supply chains from North America and Europe to neighbouring countries.
China accused of exporting deadly Glock switches to destabilize US with violence
They also seem unmotivated to stop the deceptive production and distribution practices that are used to evade US authorities.”Schweizer accused the Biden administration of being too preoccupied with …
Deflation: China’s latest export has gathered strength
Goods prices are softening while those of services harden in a global situation that’s unprecedented. There is a strong (deflationary) gust blowing from the East. Last month, Chinese consumer prices …
Why Margaret Zhang Leaving Vogue China Is Controversial
Margaret Zhang spent three years as the editorial director of Vogue China and now she’s leaving (her Condé Nast contract ends this spring and won’t be renewed). Zhang announced her departure today on …
US Chamber of Commerce chief visiting China this week, spokesperson says
Meetings between U.S. Treasury and Chinese financial officials in Beijing in January concluded … that Treasury Secretary Janet Yellen looked forward to a return visit to China at an “appropriate …
China’s BYD unveils Yangwang U9 to rival Ferrari and Lamborghini
China’s BYD, a maker of hybrid and battery electric cars, has unveiled its costliest car yet priced at 1.68 million yuan ($233,450), positioning it as a fully electric supercar to compete directly …
US Chamber CEO Visits China in Sign of Warming Business Ties
The head of US Chamber of Commerce is visiting China this week to meet with Chinese and American officials and executives, the latest sign of improving ties between the world’s two biggest economies …
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