Tesla electric vehicle rivals XPeng, Li Auto, Nio, Zeekr and Xiaomi will report March and first-quarter deliveries on Tuesday. China EV and battery giant BYD will release sales on Tuesday or Wednesday …
Monthly Archives For March 2025
Hong Kong retail sales fall 12 straight months as Shenzhen rivalry stings
HONG KONG — Retail sales in Hong Kong fell for the 12th straight month in February, underscoring the plight of merchants and hotels as local residents flock across the border to Shenzhen while …
As Trump guts foreign aid, China and others lead Myanmar earthquake response
A U.S. team has yet to arrive in Myanmar after last week’s 7.7-magnitude earthquake, while China has already rescued six people and committed $14 million in humanitarian aid.
China’s New Home Sales Fall as Sluggish Demand Weighs on Market
China’s residential sales fell again in March, suggesting the recovery in the property sector remains frail. The value of new home sales from the 100 largest property companies declined 11% to 318 …
Chinese Crypto Boss Heads for the Poles in a SpaceX Capsule
A four-person crew is about to take off from SpaceX’s NASA Kennedy Center in a Dragon capsule, in a world first to orbit Earth’s two poles.
Vanke Reports First Annual Loss Since 1991 Listing Amid Overhaul
China Vanke Co. reported a record 49.5 billion yuan ($6.8 billion) loss for last year, underscoring why the developer’s hometown of Shenzhen has stepped in to take control of operations.
China discovers major oilfield off Shenzhen
BEIJING – China’s National Offshore Oil Corporation said Monday it has discovered a major oilfield in the eastern South China Sea, with proven reserves …
Nam Tai Property Closes on 700M RMB Refinancing of Its Tech Center Project
Nam Tai Property Inc. (OTC Expert Market: NTPIF) (“Nam Tai” or the “Company”) today announced that the Company closed on the refinancing of its Technology Center property (the “Tech Center”) with a …
Trump Tariffs Pushing US Asia Allies into China’s Orbit
After their first trilateral economic meeting in over five years, China, Japan and South Korea vowed to strengthen their trading ties.
China’s telecoms giant Huawei Technologies says its profit fell 28% while revenue surged in 2024
Chinese telecoms gear giant Huawei said Monday its net profit fell 28% in 2024 while its revenue surged, as the company invested heavily in advanced technologies. Huawei Technologies reported 62.6 …
China bank shares rise after $72 billion recapitalisation plan
BEIJING (Reuters) -Shares in China’s big state-owned banks rose on Monday after the lenders unveiled around a $72 billion recapitalisation plan to boost their core capital. The recapitalisation aims …
US threat oils wheels of Pirelli’s China derisking
Donald Trump’s geopolitical threats are proving to be handy ammo in corporate spats. Italian tyremaker Pirelli’s board last week demanded its largest Chinese shareholder Sinochem cut a 37% stake below …
Xi showdown with Li Ka-shing threatens China’s pro-business push
BEIJING: President Xi Jinping is seeking to paint China as a steady partner to investors roiled by a global trade war. A spat over a shipping lane coveted by Donald Trump is testing that push.
