Chinese leader Xi Jinping met American CEOs to revive foreign interest in China once again. Troubled EV startup Fisker slashed car prices to boost the demand, while former crypto boss Sam …
Monthly Archives For March 2024
China’s economy will provide strong driving force for world recovery
China’s economy will provide a strong driving force for the world recovery, said the country’s top legislator Zhao Leji on Thursday, promising the door of the country’s opening can only get …
Upside seen to Alibaba’s scrapped Cainiao IPO
The tech heavyweight said late Tuesday that Cainiao had withdrawn its IPO plans and listing application on the Hong Kong stock exchange. Alibaba, which holds a 64 percent stake in Cainiao, said it …
China hopes Netherlands will ensure ‘normal’ lithography machine trade
China hopes the Netherlands would support companies in fulfilling their contractual obligations and ensure “normal” trade of lithography machines, said Chinese Commerce Minister Wang Wentao. In a …
Yellen says China’s rapid buildout of its green energy industry ‘distorts global prices’
U.S. Secretary of the Treasury Janet Yellen on Wednesday called China’s production in electric vehicles, lithium ion batteries and solar energy ‘unfair competition.’ …
China-made vehicles will comprise a quarter of Europe’s EV sales this year, study shows
The share of made-in-China vehicles in the region is expected to rise to just over 25% in 2024, according to T&E research.
Xi Jinping to China’s central bank: restart treasury-bond trade, after 2-decade hiatus
President Xi has told China’s financial cadres that active monetary policy toolkit must include a controversial means of injecting liquidity into the economy Economist says PBOC has not bought …
Yellen complains China’s green-energy production ramp-up ‘distorts global prices’
Treasury Secretary Janet Yellen called out China’s ramped-up production in solar energy, electric vehicles and lithium-ion batteries, calling it …
China’s Xi meets with U.S. business leaders, calls for closer ties
China’s nationalist leader, Xi Jinping, called for closer trade ties with the U.S. during a meeting on Wednesday with top American business leaders …
China’s economy is on track for ‘strong’ March performance, survey says
China’s economy is ending the first quarter on a “strong” note, according to a business survey published by the China Beige Book on Thursday.
Luzhou Bank’s profit growth looks sweet, but could mask souring loans
Things can be even trickier for China’s hundreds of regional banks, which are often at the confluence of a wide range of competing forces, including serving local powerbrokers while also trying to …
US law firm Weil exits Beijing, ‘in discussions’ for Shanghai closure
Weil, Gotshal & Manges has become the latest U.S. law firm to retreat from the Chinese market, saying Wednesday it is moving towards ending its presence on the mainland.
Yellen warns China’s surplus of solar panels, EVs could be dumped on global markets
Janet Yellen said she will confront her Chinese counterparts about its solar, EV trade practices in an upcoming visit to China.
ADVERTISEMENT
