BYD leads China’s passenger vehicle registrations in November 2024, surpassing Volkswagen, with 11 domestic brands in the top 20.
BUSINESS
ECB’s Knot Says Trade War Could Export China Deflation to Europe
China may start selling its products to Europe at discounted rates if the US starts a trade war by imposing new tariffs, according to European Central Bank Governing Council member Klaas Knot.
Oil slips in thin trade, investors focus on China, US data
Oil prices edged down on Monday in thin holiday trade ahead of the year-end as traders awaited more Chinese and U.S. economic data later this week to assess growth in the world’s two largest oil…
China’s central bank highlights Hong Kong’s crypto licensing push amid global regulatory shifts
In its latest China financial stability report, the People’s Bank of China highlighted the strides Hong Kong has made in implementing crypto licensing.
Famous brands facing huge issues in China
Once seen as a dream market with incredible potential, China has become a commercial nightmare for a long list of foreign brands. From tech giants and airlines to luxury fashion houses, key overseas …
Oil inches higher in thin trade, investors focus on China, US data
Oil prices edged up on Monday in thin holiday trade ahead of the year-end as traders awaited more Chinese and U.S. economic data later this week to assess growth in the world’s two largest oil…
China’s Dec manufacturing activity seen expanding for third month
China’s factory activity likely expanded for a third straight month in December, offering a glimmer of optimism to officials trying to steady the world’s No. 2 economy as they brace for further U.S. trade tariffs…
Newly released pictures show Joe Biden meeting Hunter Biden’s Chinese business partners
Newly released pictures show then-Vice President Joe Biden meeting some of his son Hunter Biden’s Chinese business partners during an official visit to the country, as well as Hunter meeting Chinese …
China to cut import tariffs on some recycled copper and aluminum raw materials
China will reduce import tariffs on ethane and certain recycled copper and aluminum raw materials from next year, the government said on Saturday.
China’s firms are taking flight, worrying its rulers
Chinese firms invested a record $177bn in non-financial assets abroad. More than four-fifths is likely to have been ploughed into “greenfield” projects, in which assets are built rather than bought, …
32 western brands that are surprisingly owned by China
As the world battles to bounce back from the coronavirus pandemic, some analysts believe that China – already on a corporate spending spree – will snap up more struggling companies in the West. But …
What China’s persistent deflation means for the world economy
China’s deflation spiral is proving difficult to reverse. Prices in the world’s second-largest economy could enter a record deflationary streak not seen since the 1990s.
China to cut import tariffs on certain goods to expand domestic demand
By continuously reducing import tariffs on the pharmaceutical raw materials and medical equipment in high demand, China will better ensure people’s access to medical services, said Gao Yuning, vice …
