China ratcheted up its effort to reinvigorate its economy Thursday by cutting a key policy rate and interest paid on bank deposits.
Monthly Archives For July 2024
Nio, XPeng, Li Auto Benefit From China’s Increased Vehicle Subsidies
China is expanding its stimulus program by approximately 300 billion yuan ($41.5 billion) to subsidize purchases of passenger vehicles and consumer electronics, aiming to boost stagnant retail …
China doubles cash subsidies to propel EV sales as economic growth falls short
Consumers who replace their conventional cars with an EV stand to receive a subsidy of 20,000 yuan (US$2,770), up from 10,000 yuan announced in April.
China poised to lead global auto market, S&P Global says
China is solidifying its position as a global automotive powerhouse, with BYD emerging for the first time as one of the top 10 manufacturers worldwide, according to S&P Global Mobility. An analysis of the impact…
China reveals $41bn price tag of plan to boost consumption
China disclosed for the first time it’s earmarking 300bn yuan ($41bn) for an initiative to give a makeover to the country’s stock of industrial and household equipment.As …
Beijing Can Take the South China Sea Without Firing a Shot
Over the past 15 years, China has expanded its once-minimal military presence in the South China Sea into a significant one.
{Hot Stocks}CHINA UNICOM(00762) quoted at HK$7.09, down 5%
The active buy/sell ratio is 32:68, with net selling turnover of HK$74.04m. CHINA INV INFO accounts for greatest net responsive buying turnover of HK$9.5m, with volume weighted average price of …
“Trump Drops Bombshell: ‘China’s Going to Have It’ – The Shocking Truth About His Crypto Stance Finally Revealed”
What’s Next? Trump’s New Crypto Crusade: After taking a jab at El Salvador, former President Donald Trump now has China in his crosshairs as the global crypto race heats up. With the 2024 presidential …
China Rules Solar Energy, but Its Industry at Home Is in Trouble
Compounding the problems facing China’s solar energy companies is the rapid disappearance of local subsidies. Local governments are running out of money as a housing crisis makes it hard for them to …
China Is Closing the A.I. Gap With the United States
In recent weeks, Chinese tech companies have unveiled technologies that rival American systems — and they are already in the hands of consumers and software developers.
Hermes Bucks Luxury Slowdown With Higher Sales But Flags Weakness in China
The Birkin handbag maker reported higher sales for the second quarter, with wealthy customers helping it defy a global slowdown in demand that is troubling the luxury sector, but flagged signs of weakness in China.
US firms get mixed signals in China on whether they’re welcome
American executives including Apple Inc. Chief Operating Officer Jeff Williams, Micron Technology Inc. President Sanjay Mehrotra and Goldman Sachs Group Inc. President John Waldron were part of a U.S.
Bitcoin, Stocks Bleed as China Rate Cuts Signals Panic, Treasury Yield Curve Steepens
China’s surprise rate cut signals panic … The CoinDesk 20 Index (CD20), a measure of the broader crypto market, lost 4.6% in 24 hours. In equity markets, Germany’s DAX, France’s CAC and the eurozone …
