BEIJING (AP) — A tornado struck the southern Chinese city of Guangzhou on Saturday, killing five people and damaging more than 140 factory buildings, state media said. The China Meteorological Administration said the tornado struck…
Monthly Archives For April 2024
Germany grapples with wave of spying threats from Russia and China
Two German nationals of Russian origin have been arrested on suspicion of plotting to sabotage Germany’s military aid to Ukraine while three Germans have been detained for allegedly planning to pass on advanced engine designs…
Why China Keeps Making More Cars Than It Needs
Despite overcapacity, government officials keep supporting automakers, unleashing “new productive forces” and adding to trade tensions.
CATL and Beijing Hyundai sign strategic agreement on EV batteries
CATL (SZ:300750) and Beijing Hyundai signed a strategic partnership agreement at Auto China 2024 to cooperate on Beijing Hyundai’s EV projects and to power future Beijing Hyundai electric models with CATL batteries.
Beijing auto show: Foreign automakers eager for Chinese partners
Global automakers including Volkswagen and Toyota came to this year’s Beijing auto show looking to catch up to surging China EV makers that are dominating the world’s largest auto market.
Pakistan Embassy in Beijing hosts Pakistan Professional and Student Forum
The Embassy of Pakistan in Beijing hosted “Pakistan Professionals and Students Forum’ under the theme “Building Bridges between Academia and Industry”. The event was attended by high-ranking government officials, private sector representatives, members of academia…
China’s top liquor brand reports 15.59% profit surge in Q1
GUIYANG – Kweichow Moutai, China’s leading liquor maker, earned profits of 33.2 billion yuan ($4.67 billion) in the first quarter of 2024, up 15.59 percent year-on-year. From January to March, its …
Blockchain still a hot topic at Money20/20 Asia, along with AI, even as interest wanes in other markets
Blockchain made up about 15 per cent of the talks at Money20/20 Asia this year, just slightly below the proportion of talks on AI, as interest remains high in Asia.
China EV price war to worsen as market share takes priority over profit, hastening demise of smaller players
China’s automotive sector braces for an escalating price war, and the intensified scramble for market share could hasten the closure of unprofitable laggards.
China’s hi-tech progress reshaping global politics as US and allies seek to build ‘balancing coalition’, study says
Researchers said Western countries were reacting to progress in fields such as AI, 5G and quantum computing which have ‘unpredictable’ security implications China’s status as a ‘near-peer competitor’ …
BMW to invest a further $2.76 billion in key market China
BMW said on Friday it planned to invest an additional 20 billion yuan ($2.76 billion) in its Shenyang production base in China, in a sign of the premium carmaker’s “unwavering commitment to the Chinese market”.
Nepal and China sign two agreements in the presence of Finance Minister Pun
KATHMANDU, April 26 — Nepal and China have signed two agreements focused on human resources development and the improved bone marrow transplantation service. These two important agreements were …
“China’s innovation driving global cooperation”: international auto experts hail Chinese technology
“The amount of innovation in China is driving global cooperation and pushing the auto industry forward”, a Global Product Manager of the Germany-based Casco Automotive Group told China Economic Net …
