China’s car exports surged to a record high in April, data showed on Friday, as domestic sales slipped 5.8% from a year earlier amid intensifying price competition and consumers’ caution about …
Monthly Archives For May 2024
China’s Mounting Asia Exports Increase Regional Deflation Risks
China is selling more and buying less from Asia, raising the prospect of the mainland exporting deflation to the region, according to economists at Nomura Holdings Inc.
China’s Zeekr set to debut on NYSE after upsized IPO
Shares of China’s Zeekr Intelligent Technology were scheduled to start trading on the New York Stock Exchange on Friday after the electric-vehicle maker priced its initial public offering at the top …
A PR chief causes outrage in China for endorsing toxic workplace culture. Now she’s lost her job
The PR chief of Baidu has reportedly left the Chinese search engine just days after she sparked a public relations crisis with controversial comments endorsing a tough workplace culture.
Travel Gossip: Shenzhen Launches Direct Flight to Mexico City
The Shenzhen-Mexico City route will also mark China Southern’s first direct flight to Latin America, and will be China’s longest direct international flight route, as well as the only direct passenger …
US consul urges Hong Kong to release Jimmy Lai and drop activist bounties, as Beijing condemns ‘interference’
The top US diplomat in Hong Kong has called for the release of media mogul Jimmy Lai and other detained activists, sparking a complaint from Beijing’s foreign ministry of interference in China’s internal affairs. US…
China Property Crisis Latest: Why This Developer Is a Litmus Test for the Market
How bad can things get in Chinese property? Many investors are watching state-linked developer China Vanke for an answer. Vanke has so far avoided default, making it one of the biggest survivors of …
Porch sues China Construction Bank in US over reinsurance fraud losses
U.S. insurance and home inspection software provider Porch Group is suing China Construction Bank Corp (CCB) , the country’s third-biggest lender by assets, for allegedly enabling a “massive fraud” …
China’s Zeekr prices US IPO at top of range to raise $441 million
By Echo Wang and Scott Murdoch NEW YORK (Reuters) -Chinese electric vehicle maker Zeekr Intelligent Technology priced its U.S. initial public offering (IPO) at the top of its indicated range, raising …
China is untangling its economy from the West. It could be preparing for long-term tensions — and an invasion of Taiwan
Second, Kennedy said he’d expect to see China invest more heavily in materials like carbon fiber, which has a variety of military applications. Third, he’d also expect to see many Chinese diplomats, …
China tensions explode as Beijing put troops on ‘high alert’ in South China Sea
Tensions in the South China Sea have exploded after Beijing claimed to have intercepted what it called a “trespassing” US Destroyer in the region. China claims the majority of the South China Sea – …
China’s April car sales swing to contraction despite NEV milestone
China’s car sales fell 5.8% in April from a year earlier, industry data showed on Friday, as a ferocious price war and incentives failed to shake off consumers’ caution about spending on big items during…
Crypto’s $15 Billion EigenLayer Project Snubs US, China in Divisive Token Launch
Liquid staking protocols have seen a 27% decline in total value locked since their peak of $63 billion in March, according to DefiLlama data. Nearly 4% of all Ether is currently restaked using …
