“China is determined to dominate the future of the auto market, including by using unfair practices,” the president noted in a statement early Thursday. “China’s policies could flood our market with …
Monthly Archives For March 2024
A Reminder That China’s Electric Car Companies Are Not Invincible
As BYD and Geely both jock for EV world domination, it can be easy to assume that all Chinese EV manufacturers are similarly destined for greatness. Actually, the truth is a bit more mixed. Big…
Scientist claims ‘smoking gun’ evidence COVID-19 intentionally created by researchers in Chinese lab
Covid-19 may have been created in a Chinese lab, a British professor told the UN Wednesday, with another expert claiming that evidence of the likelihood has reached “the level of a smoking gun.” …
China making ‘concerted effort’ to dominate critical US ports equipment, Biden official says
China’s dominance of shipping cranes used at ports is part of a ‘concerted effort’ by the PRC, a top Homeland Security trade official said at a Senate hearing.
Scientist fed classified information to China, says Canada intelligence report
Report says Xiangguo Qiu secretly worked with Wuhan Institute for Virology and posed a ‘threat to Canada’s economic security’ …
Bud Light backlash fails to dampen Anheuser-Busch InBev’s Q4 earnings
FRANKFURT, Germany >> Anheuser-Busch InBev — maker of Budweiser, Bud Light, Stella Artois and Corona — reported better-than-expected … declining volumes and also grew operating profit. In China, …
Personal wealth of just $1 million lands you in China’s top 1%. In the U.S., you’ll need $5.8 million. In Monaco, more than twice that.
In the U.S., the threshold is $5.8 million. And for those seeking a fast track into the 1% club, and with unrestricted freedom to relocate, in China, at the bottom of that list of 17…
Chinese electric vehicle prices may skyrocket if US Senator’s new import bill passes
Hawley is labeling his measure the Protecting American Autoworkers from China Act. The UK is also considering slapping Chinese EV imports with new tariffs. UK Trade Secretary Kemi Badenoch is in talks …
IPO and FPO issuance could reach 4-5% of India’s market cap, says Jefferies; lists 3 key reasons
Jefferies predicts IPO (initial public offering) and FPO (follow-on public offering) issuance could hit 4-5 percent of market capitalisation, mirroring China’s figures.
China developing £220m AI ‘Supermind’ to track millions of Western scientists & become world’s biggest tech megapower
Production of the innovative system began last year in Shenzhen – China’s southern technology hub that’s home to brands such as Huawei. Use of Supermind would be limited to just those within the …
China Risks New Taiwan Strait Crisis
“The status quo across the Taiwan Strait has changed significantly due to China’s unilateral gray-zone tactics,” a Taiwanese military expert told Newsweek.
China tells bankers to be more patriotic
Several bank bosses and former executives have been arrested for graft. Many workers in finance have seen their salaries cut. All in all, this is a prudent moment to leave the Savile Row pinstripes at…
China’s auto parts import value down 12.4 pct in 2023
China’s auto parts import value fell 12.4 percent year on year to 29.84 billion U.S. dollars in 2023, data from the General Administration of Customs …