China’s industry ministry on Thursday published draft rules on recalls and over-the-air software upgrades of intelligent connected vehicles, aiming to strengthen supervision of OTA upgrades that have …
Monthly Archives For August 2024
Asia’s crude oil imports drop in July as China stays weak
Asia’s crude oil imports dropped to the lowest in two years in July as demand remained weak in top importer China and eased in number two India.
China discounts its way to record solar module exports
China adopted classic cutthroat pricing to shift a record 120,427 megawatts (MW) of solar module capacity exports in the first half of 2024, ensuring the country remains the dominant solar supplier …
China holds back on more stimulus, citing necessary ‘pain’
China is not planning additional stimulus for the second half of the year, according to officials from the economic planning agency and finance ministry.
BMW’s Key Automotive Unit Held Back by China Struggles
BMW’s automotive unit reported slightly lower-than-forecast profitability in the second quarter as revenue was weighed by heightened competition and weaker consumer sentiment in China.
Germany made groundless accusations about China-related cyber threats, says Chinese embassy
China said Germany has publicly made groundless accusations against it about “so-called cyber intrusion,” the Chinese embassy in Germany said.
HEDGE FLOW Hedge fund allocations to China hit five-year low
China, the world’s second-largest economy … reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop …
China records hottest month in recent history
China had its hottest month in observed modern history in July, Chinese state media reported, mirroring record hot weather seen around the world last month.
China’s Wealth Management Market to Grow Slower in Second Half; Yields to Stay Low, Insiders Say
However, although the growth of the wealth management market peaked in July, it is likely to slow in the second half. July was a big month for the wealth management market, but it will slow…
China to issue 30 billion yuan of book-entry discount T-bonds
China Ministry of Finance said Thursday that it will auction 30 billion yuan about 421 billion US dollars worth of book-entry discount treasury b …
China trade promotion agency inaugurates new office in US
“This year, CCPIT’s Rep. Office relocated to this new place, closer than before to the White House, U.S. Department of Commerce, U.S. Chamber of Commerce, USCBC (United States-China Business Council), and other important government departments…
China doping controversy casts a shadow over Olympic swimming
The former gold medalist won two bronzes as China fights to best rivals like the United States and Australia. But the wins for Zhang, dubbed China’s “butterfly stroke queen,” have come under scrutiny …
China Tesla rival BYD strikes EV deal with Uber
Uber have announced a deal which aims to bring 100,000 electric vehicles (EV) made by China’s BYD to the ride-hailing giant’s global fleet of cars. The two companies say they will offer drivers incentives to…
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