China’s leading electric vehicle (EV) manufacturer, BYDRecently entered the Greek marketPlanning to focus primarily on emerging market Chinese EVs are expanding beyond their home country and into the …
BUSINESS
China wants to go high-tech to boost its economy. Does the success of Hefei city hold the key?
This ancient city is now a hothouse for leading-edge technologies from quantum computing to nuclear fusion. Read more at straitstimes.com.
Yellen criticizes China over ‘coercive’ moves against American firms
“I strongly believe that this doesn’t only hurt these American firms: ending these unfair practices would benefit China by improving the business climate here,” Yellen said. Many U.S. businesses are …
Yellen talks ‘overcapacity’ of Chinese goods in meetings with officials, business leaders
Treasury Secretary Janet Yellen on Friday began her first full day of meetings in China with officials and business leaders. Yellen told Vice Premier He Lifeng how it “remains crucial” for China and …
Yellen: Cutting off economic relations with China isn’t “practical”
GUANGZHOU, China — Treasury Secretary Janet Yellen told U.S. executives in southern China on Friday that it’s neither “practical nor desirable” to cut off economic relations with the country — even as …
Google Files Lawsuits Against Chinese Nationals for Promoting Fraudulent Crypto Apps on Play Store: Report
In the lawsuit filed by Google, the company has alleged that the two Chinese nationals were luring people to engage with scam crypto apps, getting them to deposit funds and later blocking access to …
China Shock 2.0 Sparks Global Backlash Against Flood of Cheap Goods
Emerging economies have joined the U.S. and Europe in shielding domestic manufacturers from a rising tide of Chinese imports.
Luxury brands lead ESG push in China’s retail sector
Recent reports showed that LVMH has cut energy consumption by 10% and greenhouse gas emissions by 11% from October 2022 to October 2023. In 2023, luxury brands accounted for 66% of all LEED-certified …
China increases grain imports
China has been experiencing a steady increase in grain imports, Xinhua reports, citing official data from the Ministry of Agriculture and Rural Affairs of China. Thus, in January-February 2024, China …
Yellen Says US, China Worked on Exercise for Dealing With Large Bank Failure
GUANGZHOU (Reuters) – U.S. Treasury Secretary Janet Yellen said on Friday that the United States and China have worked on an exercise for jointly dealing with a large bank failure in either country.
China’s green-tech manufacturing boom draw concern of overcapacity
This was driven by a 77.6 per cent jump in new energy vehicles (NEVs) – including all-electric and plug-in hybrids – to more than 1.2 million units, state media reported, citing data from the China…
China’s green-tech manufacturing powerhouse
China has extended its manufacturing domination to clean energy industries in recent years, alongside a global push for climate change action, but that is starting to worry the United States, Europe …
Yellen says China is too big to export its way to rapid growth
U.S. Treasury Secretary Janet Yellen said on Friday that China is too large to try to export its way to rapid growth and would benefit by reducing excess industrial capacity that is pressuring other …
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