China is estimated to have overtaken Japan as the world’s largest auto exporter in 2023, thanks largely to the strength of nimble local companies such as Chery, SAIC , Geely and BYD. But 18 foreign…
BUSINESS
BYD crowned China’s No 1 selling car brand for 2023
Find out more about subscription packages here. BYD officially overtook Volkswagen as China’s best-selling car brand in 2023, clear evidence its all-in bet on electric vehicles in the world’s biggest …
‘LV visage’: China cosmetic surgery clinic fined for urging women to get ‘luxurious face’ if they want a rich husband
A cosmetic surgery clinic in China has been sanctioned by the mainland authorities for encouraging women to have procedures done to boost their chances of marrying rich.
Why China poses a growing threat to the U.S. auto industry
Chinese companies are releasing new models in record times, and many are producing EVs efficiently and profitably.
China’s Travel Economy Is Slowly Coming Back. Here’s Where It Stands.
Over a year after China opened its borders following the pandemic, international trips are still lagging, although domestic travel is more popular.
What investors are saying about China’s market meltdown
DIANA RULKE, PROFESSOR, TEPPER SCHOOL OF BUSINESS, CARNEGIE-MELLON UNIVERSITY: “Instead of consumers coming out of COVID restrictions spending, as happened in the United States, China’s property …
China fostering new competitive edges to bolster foreign trade in 2024
In 2023, China’s cross-border e-commerce imports and exports reached 2.38 trillion yuan, an increase of 15.6 percent from a year ago. China’s trade prospects for this year will also be enhanced, …
China weighs stock market rescue package backed by $278 bln – Bloomberg News
Chinese authorities are considering a package of measures to stabilise a slumping stock market, Bloomberg News reported on Tuesday, citing people familiar with the matter.
China races to buy chip-making equipment as US cracks down on exports
China rushed to buy up chip-making equipment ahead of the export controls imposed by the U.S, Japan, and the Netherlands in recent months, as Washington and its allies crack down on exports of the …
Enforcement of China Forced-Labor Import Ban Needs to Be Much Tougher, Say U.S. Lawmakers
The leaders of a bipartisan committee said the Biden administration should consider using criminal prosecutions and closing a trade loophole.
US and China climate envoys unlocked milestones, yet retire with unfinished business
Substantive issues, from coal and renewable energy use to methane emissions reduction, have yet to be resolved. Read more at straitstimes.com.
China’s Metaverse Drive: Huawei, Tencent, and Baidu lead ambitious three-year plan
China’s Ministry of Industry and Information Technology (MIIT) has unveiled a initiative to propel the metaverse into mainstream prominence.
Foreign automakers hike exports as China sales slide
Tesla models wait to be shipped overseas near the Waigaoqiao Container Port in Shanghai on June 3, 2022. The U.S. EV maker in 2023 exported 344,000 light vehciles from a Shanghai plant, its biggest …