A US plan to raise billions of dollars in additional resources for the World Bank to counter China’s lending to the developing world has stalled less than nine months after President Joe Biden made it…
Monthly Archives For April 2024
WRAPUP 3-Morgan Stanley, HSBC cutting Asia investment banking jobs on China deals slowdown
(Adds Asia investment banking outlook in the 6th and 7th paragraphs; and China IPO data in the 11th paragraph) HONG KONG, April 17 (Reuters) – Morgan Stanley and HSBC are cutting dozens of investment …
China’s Internet users obsessed with building that looks like ‘giant sanitary napkin’
China’s Internet users obsessed with building that looks like ‘giant sanitary napkin’ – Designers insist four-lobed building intended to mimic plum blossom …
China and EU trade tensions risk a full trade war, European Chamber president warns
China and Europe face a “slow motion train accident” as a rising tide of protectionism threatens to become a full trade war, the head of a European business lobby group warned on Wednesday, a day…
Biden administration calls for tripling China tariffs on steel, aluminum imports
Shares of United States Steel (NYSE:X) rose +2.53% premarket, with President Joe Biden set to call on the U.S. Trade Representative to triple tariffs on Chinese steel and aluminum imports. The President will visit the United Steelworkers headquarters in Pittsburgh on Wednesday,
Russia and China Evade Sanctions by Trading Copper Disguised as Scrap
Russia has been exporting newly-made copper rod to China disguised as copper scrap in recent months—a new trade avenue for the two regimes that has been evading Western sanctions on Russian copper and export and…
US, China Defense Chiefs Talk to Bridge Trust Gap
Among Washington’s common complaints is what it calls China’s dangerous and unprofessional intercepts of U.S. and allied ships and aircraft in international waters or airspace. Beijing has countered the charge by accusing American surveillance assets…
China Says No Bullet Trains, Vacations Or Luxury Stays For Debt Skippers As Delinquency List Soars to 8M
The Chinese government is tightening the noose on debt defaulters, imposing stringent penalties that include restrictions on high-speed rail travel and luxury accommodations. This move is part of a …
Chinese automaker FAW’s auto finance unit launches loan with no down payment
The auto finance arm of China’s state-owned automaker FAW Group has launched a loan programme with no down payment, becoming one of the first providers to make such a move since the removal of …
VW Unveils New China EV Software in Bid to Regain Lost Ground
Volkswagen AG will roll out a new digital architecture to make its electric vehicles more appealing in China, where it has fallen behind local champion BYD Co.
Canton Fair: China’s new energy exporters abuzz as orders swell, threat of trade curbs looms
Buyers and exhibitors of new energy equipment at the Canton Fair are showing boundless optimism as orders rise, but measures likely to be taken against the industry by the US and EU could spoil the…
China warns west of ‘survival of the fittest’ as manufacturing boosts economy
Trading partners fear factory boom could trigger supply shock after first-quarter data affirms Xi’s industrial strategy
Crises Threaten China’s Booming Energy Storage Market
Clear policy guidance and strong renewables growth make energy storage a rising star in China. Yet, despite rapid growth, crises has arrived much earlier than expected.
