for China. The all-electric BMW iX3, produced by BBA from 2020, will find customers around the world,” elaborated Krüger. Around 560,000 BMW brand vehicles were delivered to customers in China in 2017 … ( read…
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China Mobile and Nokia partner to research AI for 5G
Nokia and China Mobile have signed an MoU to investigate the potential of artificial intelligence (AI) and machine learning to optimise future networks and enable the delivery of new Edge Cloud and 5G … (…
Tesla raises car prices in China: Electrek
(Reuters) – Tesla Inc (:TSLA.O) has raised prices on its Model X and S cars by over $20,000 in China, automotive news website Electrek reported on Monday, making it one of the first U.S. carmakers…
China tells banks to ‘significantly cut’ lending rates for small businesses: sources
BEIJING (Reuters) – China’s financial regulator has told banks to “significantly cut” lending rates for small firms in the third quarter in comparison with the first quarter, two people with direct kn… ( read original…
China’s Li visits Berlin with trade warning for Trump: ambassador
The trade conflict between Europe, China and the United States is high on the agenda for the consultations between Li and Chancellor Angela Merkel in Berlin on Monday. In an interview with Handelsblat… ( read…
Canada’s Barrick, China’s Shandong Gold to deepen ties, look at acquisitions
MELBOURNE (Reuters) – Canadian miner Barrick Gold Corp (Toronto:ABX.TO – News) and China’s Shandong Gold (Shanghai:600547.SS – News) on Monday said they would deepen cooperation beyond their Argentini… ( read original story …)
Starbucks’ departing chairman backs China prospects, hints at Jack Ma tie-up
and suffice to say there will be news coming that will relate to our plans for accelerating and integrating mobile commerce at a higher level into our core business.” Current trade tensions between th… (…
China regulator tells banks to ‘significantly cut’ lending rates for small businesses in third-quarter: sources
In a non-public notice issued by the China Banking and Insurance Regulatory Commission (CBIRC) in late June, the regulator also asked banks to increase real-time monitoring of lending rates, the sourc… ( read original story…
China’s financial opening ‘not a threat’ for local players: analysts
The further opening of China’s financial sector, despite introducing foreign competitors, would help introduce more mature financial products and test the governing ability of Chinese financial regula… ( read original story …)
China’s Xiaomi: Smart phones, no smart IPO
The firm’s IPO was overshadowed by last week’s deterioration of the … of its business model were among the reasons for the lower valuation, analysts said. Beijing-based Xiaomi is the first firm in H… (…
Xiaomi’s IPO flop: Shares fall in Hong Kong debut
In this 2015 file photo, Lei Jun, chairman and CEO of China’s Xiaomi Inc. presents the company’s new product, the Mi Note, in Beijing, China … they had recouped most of their losses. Xiaomi’s IPO…
China’s FX reserves post surprise gain, withstand June market chaos
Reserves rose $1.51 billion in June to $3.112 trillion, compared with a drop of $14.23 billion in May, central bank data showed on Monday. Economists polled by Reuters had expected reserves to drop by ……
People’s Bank of China economist predicts U.S. tariffs will have little short-term impact on Beijing
The trade war will between Washington and Beijing will be difficult for the U.S. to sustain as many tariff targets are produced by joint ventures in China, predicts one of China’s leading economists. … (…
