Agricultural Bank of China Ltd (AgBank) and the country’s largest lender Industrial and Commercial Bank of China Ltd (ICBC) said on Monday margins shrank in the first quarter as lenders are under pressure to support…
Monthly Archives For April 2024
Elon Musk visits China as Tesla seeks self-driving technology rollout
A private jet linked to Tesla CEO Elon Musk landed in Beijing on Sunday, a flight tracking app showed, as two people with knowledge of the matter said the billionaire was kicking off a surprise…
China to extend tariff exemptions for imports of some US products until Nov 30
China will extend tariff exemptions for imports of some U.S. products until Nov. 30, the finance ministry said in a statement on Monday.
China’s big factories had a terrible March, even as automakers roar to new highs
Weak domestic demand is causing Chinese companies to sell products en masse overseas, worrying US officials.
China’s AgBank posts 1.63% fall in Q1 profit
Net profit for the three months ended March totalled 70.39 billion yuan ($9.71 billion), compared with 71.55 billion yuan in the same period 2023, AgBank said in a filing. Get a daily digest of …
Did Tesla Seal Another Deal? Battery Giant CATL’s Chairman Seen Visiting Elon Musk’s Beijing Hotel
Chinese battery giant CATL‘s chairman Robin Zeng on Monday reportedly visited the hotel in Beijing where Tesla Inc TSLA CEO Elon Musk is staying on his visit to China. What Happened: Zeng visited Musk’s hotel…
China hints at retaliation after Biden signs Taiwan, TikTok legislation
China hinted on Monday that it could retaliate after U.S. President Joe Biden signed into law legislation to boost Taiwan’s defences and seeks to get TikTok’s Chinese owner to divest from the social …
China’s Property Woes Weigh on Economy
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world …
Elon Musk in China: Tesla passes data security assessment that could pave way for lifting of bars to its cars’ movements
The American carmaker has been assessed by the China Association of Automobile Manufacturers … for the country’s EV sector and arguing that the technology will hatch new business models such as …
China’s Big Banks Halt Russia Transactions Over US Sanctions, Forcing Firms To Resort To ‘Underground’ Channels: Report
China’s major banks are reportedly halting transactions related to Russia, due to concerns over U.S. sanctions. This has led to a surge in the use of alternative channels for payments, including …
China’s Xi to Visit France, Serbia and Hungary May 5-10, Foreign Ministry Says
BEIJING (Reuters) – Chinese President Xi Jinping will visit France, Serbia and Hungary from May 5-10, a spokesperson for China’s foreign ministry announced on Monday.
The longest commercial passenger flight from China will take you to Mexico City
China Southern Airlines is launching its first direct passenger flight from the megacity of Shenzhen to Mexico City, which will also set the record as the longest flight route originating from China.
‘Everything has changed’: Foreign auto groups embrace local technology in China
First, it was Germany’s Volkswagen announcing a series of groundbreaking tie-ups with Chinese tech groups. Now, the renowned national brands of South Korea and Japan have decided that the only way to survive in the…
