A recent global survey of 1,660 enterprises showed that many of their trading partners were just unwilling to use the Chinese yuan.
Monthly Archives For May 2024
Shenzhen’s Industrial Outputs, Fixed-Asset Investment, Exports Grow While Consumption Slows in First Four Months
(Yicai) May 30 — Shenzhen’s industrial output, investment in fixed assets, and exports had double-digit growths in the first four months of this year, but consumption in the southern Chinese city …
Asia’s largest reit calls for Hong Kong to resume multi-entry visas from Shenzhen
ASIA’S largest commercial real estate investment trust said Hong Kong authorities should resume issuing multi-entry permits for Shenzhen visitors to boost retail spending. Read more at The Business …
China calls EU commission probe on Chinese EV tariffs ‘unreasonable’
China urged the European Union Commision to end its probe on Chinese electric vehicle tariffs, calling it “unreasonable” and not in line with international rules, the Chinese foreign ministry said on …
China wants to turn the yuan into a global currency out of fear of sanctions, not domination
A recent global survey of 1,660 enterprises showed that many of their trading partners were just unwilling to use the Chinese yuan.
China’s May factory activity likely expanded at steady pace, recovery still fragile: Reuters poll
China’s manufacturing activity in May likely grew at a similar pace to the previous month when it barely managed to stay expansionary, a Reuters poll showed on Thursday, reinforcing the fragile nature …
How China’s EV makers aim to beat Tesla, legacy automakers in Europe
Starting in the 1980s, European automakers steadily conquered China, racking up millions in sales with little local competition. Now they’ll have to defend their home turf in Europe from an onslaught …
China’s May factory activity likely expanded at steady pace, shows poll
The official purchasing managers’ index (PMI) was forecast at 50.4 in May, unchanged from April, according to the median forecast of 33 economists in the poll …
China’s May factory activity likely expanded at steady pace, recovery still fragile
China’s manufacturing activity in May likely grew at a similar pace to the previous month when it barely managed to stay expansionary, a Reuters poll showed on Thursday, reinforcing the fragile nature …
China’s Xi Jinping calls for peace conference and ‘justice’ over war in Gaza as Arab leaders visit Beijing
Chinese leader Xi Jinping decried “tremendous sufferings” in the Middle East and called for an international peace conference as leaders from Arab nations visit Beijing this week amid mounting global …
China’s army tests gun-toting version of robot dog
Investors in Chinese robotmaker Unitree include Neil Shen’s HongShan, Matrix Partners China and Shunwei Capital …
Insight: How China’s EV makers aim to beat Tesla, legacy automakers in Europe
Those rock-bottom prices have alarmed automakers and their political allies in the United States and Europe. In May, U.S. President Joe Biden quadrupled tariffs on Chinese EVs to 100%. The European …
Didi Reports Bigger Loss as Incentives, EV Bet Continue to Weigh
Didi Global Inc.’s revenue rose 15% in the March quarter, as China’s leading ride-hailing provider sustained a recovery on strong domestic demand.
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