Half of all vehicles sold in China in July were either new pure electric vehicles or plug-in hybrids, industry data showed, a milestone that underscores how far the world’s biggest auto market has …
Monthly Archives For August 2024
TSMC-linked China auto chip maker plunges over 30% in Hong Kong IPO
HONG KONG — Black Sesame International, an automotive chip maker from China that fully relies on Taiwan Semiconductor Manufacturing Co. (TSMC) for its production, made a dismal debut on the Hong Kong …
Shenzhen joins Chinese local governments taking unsold homes off developers’ hands
The city becomes the first tier-1 metropolis to heed Beijing’s call to help bail out property developers while adding to affordable housing stock.
China’s car sales extend declines for a fourth month
China’s July car sales fell 3.1% from a year earlier, industry data showed on Thursday, marking the fourth straight monthly decline and deepening concerns about a demand slowdown in the world’s …
China forecast to have almost twice as many pets as young children by 2030
China’s pet population will be close to double that of its young children by 2030 as young Chinese remain unwilling to start new families, Goldman Sachs said.
China discloses first heat-stroke fatalities amid record temperatures
At least two people have died from heat-stroke in one Chinese city, and many more have fallen ill, as temperatures hovered around 40 degrees Celsius (104 degrees Fahrenheit) for the eighth day on the …
Euronav flags U.S. politics and China’s economy as risks to shipping momentum
Belgian oil tanker company Euronav expects global sea trade to increase this year, driven by the rerouting of Red Sea shipping, but said a change in the U.S. presidency and a slowdown in China’s …
Why ‘Stupid Radishes’ are causing panic in China’s taxi industry
Liu Yi, a ride-hailing driver in Wuhan, faced competition from robotaxis launched by Baidu’s Apollo Go. China’s rapid adoption of autonomous driving technology, approved in multiple cities, posed job loss risks for drivers.
China’s M&A, Restructuring Markets Heat Up Amid IPO Slowdown
Chinese investors are shifting focus to mergers and acquisitions as well as corporate restructuring as a better way of getting a return on their investment amid a prolonged downturn in initial public …
China’s major internet firms log steady revenue growth in H1
China’s internet sector saw steady growth in business revenue in the first half of this year, data from the Ministry of Industry and Information Technology …
China Jiangsu Halts Government Bond Trading for Some Rural Banks
China’s Jiangsu Rural Credit Union directed some banks to suspend government bond trading after a market manipulation probe was launched by regulators, according to people familiar with the matter.
US Warns of ‘Gray Zone’ Conflict With China, Russia, North Korea
America’s geopolitical rivals are expected to challenge both the U.S. and the global order in the coming years.
Facing budget crunches, Chinese tax collectors descend on companies
Finance Minister Li Fo’an told the official Xinhua News Agency … senior fellow at the Peterson Institute for International Economics. Beijing has been reluctant to rescue struggling local …
