Shenzhen has become China’s first tier-one city to announce plans to buy unsold homes from struggling developers to turn them into rentals for low-income people.
Monthly Archives For August 2024
China Admits Container Ship Damaged Baltic Sea Gas Pipeline
Estonia says China has yet to respond to a request for legal aid as the Baltic state continues its investigation into the October 8 rupture.
US Companies Collaborate on Nickel-63 Nuclear Battery to Compete With China
Under the agreement, Yasheng Group will be responsible for patenting the Nickel-63 nuclear battery in China, while Kronos Advanced Technologies will handle the patent process in North America. This …
US Companies Collaborate on Nickel-63 Nuclear Battery to Compete With China
Under the agreement, Yasheng Group will be responsible for patenting the Nickel-63 nuclear battery in China, while Kronos Advanced Technologies will handle the patent process in North America. This …
China vs. US: Shocking Truth About Who’s Really Winning the E-Commerce Battle
China is dominating the online commerce industry, with its market size estimated to be nearly three times that of the United States.
Mercedes go for Beijing Level 4 tests
Mercedes-Benz has obtained approval for Level 4 automated driving testing for designated urban roads and highways in Beijing, China. It had previously obtained approval for Level 3 testing. Markus …
Foreign sportswear brands see gains in China, spurred by summer sports events
Many foreign sportswear brands see growth potential in China, as Chinese people become more sports-minded, spurred by summer events including the just-concluded Paris Olympics. Inquiries and sales of …
General Motors Reportedly Cuts Jobs in China Amid Restructuring Effort
General Motors reportedly cut jobs in China as GM’s operations in the region struggle to regain profitability amid rising competition.
GM cuts China jobs as it resets in world’s biggest car market
The automaker had hoped to cut production there in the first quarter and return to profitability. GM has been contemplating a shakeup in its China business for months and Chief Financial Officer Paul …
{Hot Stocks}CHINA UNICOM(00762) quoted at HK$6.13, up 2.7%
[ET Net News Agency, 13 August 2024] CHINA UNICOM (00762) rose 2.7% to HK$6.13. It hits an intra-day high of HK$6.15, and an intra-day low of HK$5.96. The total shares traded was 32.87 million, with…
China new loans hit 15-year low in July, more policy steps expected
China’s bank lending tumbled more than expected in July, hitting the lowest in nearly 15 years, dragged down by tepid credit demand and seasonal factors and raising expectations that the central bank …
Philippines says deal with China on South China Sea outpost up for future review
The Philippines said on Tuesday an arrangement with China to avoid confrontations during resupply missions to troops at a disputed shoal may be subject to future review, days after their latest …
How China stocks could break out of the value trap
Investors who love China stocks point to their super-low valuations, while the bears note China’s cold war with the U.S. along with stifling real-estate debt, looming demographic troubles, accounting …
