Volkswagen said on Thursday it plans to invest $2.7 billion, or 2.5 billion euros, to boost sales in China, the world’s largest auto market, and improve the German automaker’s ability to respond …
BUSINESS
China has strong fundamentals and should remain a focus for businesses, Singapore trade minister says
China is facing economic headwinds in the near term, but Singapore trade and industry minister Gan Kim Yong believes in its long term prospects.
JPMorgan Private Bank Taps Goldman’s Kui as Head of China Market
JPMorgan Chase & Co. named Florence Kui as head of China market for its private bank, amid broader changes to its overall leadership overseeing operations in the world’s second largest economy.
Former China Everbright Group Chairman Charged With Taking Bribes, State Media Reports
BEIJING (Reuters) – Former China Everbright Group Chairman Tang Shuangning has been charged with taking bribes and corruption, Chinese state media reported on Friday.
China Market Probably Through Worst of Low Valuations: BNP Paribas
Prashant Bhayani, chief investment officer for Asia at BNP Paribas Wealth Management, says China’s financial markets are “probably through the worst” of low valuations as manufacturing, exports and …
Between the US and a hard place, Germany’s Scholz reheats China ties
Germany launched a strategy to “de-risk” from China, but on Saturday Chancellor Olaf Scholz starts a high-stakes visit there hoping to shore up ties at a delicate point with the U.S. and EU …
China’s Suzhou city plans supercharged cross-border e-commerce business after Shein and Temu success
The municipal government of the city in eastern Jiangsu province unveiled a three-year plan to attract cross-border e-commerce projects.
China GDP: what is needed to achieve the ‘very challenging’ 5% economic growth goal for 2024?
Beijing has defended its ambitious goal of growing the economy by ‘around 5 per cent’ this year, insisting it matches China’s potential for economic growth Analysts say China must roll out proactive …
Imports from China to the U.S. are rising at the fastest rate since last fall
The latest CPI inflation data showed a larger than expected rise led by services, but on the goods side of the economy, trade data is also showing a recent increase in U.S. imports from China.…
Hard times for China’s micro-industrialists
Then came China’s fertility crash. In 2023 the number of Chinese newborns hit a record low of just over 9m, after falling for seven years in a row. That compares with nearly 19m babies born…
Shanghai Aims to Spur Top Brands to Open First Asian Store in City
As part of the city’s push for “debut economy 2.0,” the First in Shanghai initiatives will award 1 million renminbi, or $137,875, to brands that pick Shanghai for their Asian retail debut.
China Exports Gasoline Using Blockchain In Unprecedented Move
China’s Sinochem Energy Technology Co has successfully completed the shipment of gasoline from China’s Quanzhou City to Singapore using blockchain technology …
China Imposes Sanctions on Two US Companies Over Taiwan Arms Sales
Beijing has slapped sanctions against two well-known US defence businesses, General Atomics Aeronautical Systems and General Dynamics Land Systems, in a move that highlights the growing tensions …
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