Once there were six. Some domestic manufacturers are investing heavily in new technology, but the evidence suggests they are losing the race to China. Chinese companies routinely beat their American …
BUSINESS
Volkswagen is losing the electric car race to Tesla and China
For the first time since at least 2000, Volkswagen could lose its crown as the number one vehicle brand in China. And it all comes down to EVs.
China’s Coffee Market Outpaces U.S. for the First Time in 20 Years
China now has more cafes than the United States, with indigenous brands like Luckin Coffee leading the industry’s growth.
Is China understating its own export success?
But China’s current-account surplus is now modest: $312bn or 1.5% of GDP over the past year, according to the country’s State Administration of Foreign Exchange ( SAFE ). That is below the 3% …
Chinese biotech firm HighTide Therapeutics slashes Hong Kong IPO size by 80% to US$35.6 million
“Continuous US interest rate hikes and a slower-than-expected Chinese economic recovery sent market valuations down and constrained liquidity,” said Robert Lui at Deloitte China in the report. “As a …
Treasury Secretary Janet Yellen reveals her 2024 US-China gameplan
Treasury Secretary Janet Yellen is on a mission to repair the fragile yet vital relationship between the United States and China. That mission will kick into high gear next year.
Janet Yellen says the Trump administration’s China policies left the US more vulnerable
Treasury Secretary Janet Yellen says former President Donald Trump’s economic policies toward China left America “more vulnerable and more isolated” in the global economy.
SMM Analysis Of China Stainless Steel Import And Export Data In October And November
Imports: China’s stainless steel imports stood at 321,800 mt in October, up 27% MoM but unchanged from last year, according to SMM statistics.
China’s economy is heading deeper into deflation
Deflation is a manifestation of the deep problems within the world’s second-largest economy. The big picture: China’s economy has stumbled as it tried to emerge from the government’s zero-COVID lockdown policies.
China: Millions blacklisted for debt as loan defaults hit record high
After online payment platforms like Alipay and WeChat replaced cash as the most used payment method in China, many stores refused cash payments, and some defaulters said it had become difficult for …
Blockchain-managed IDs arrive in China with new government-backed scheme aiming to reduce data leaks
A new system from China’s Blockchain-based Service Network and the Ministry of Public Security uses real-name verification for cryptographic keys published on a blockchain.
China is still the top dog in commodities, but it’s bark is changing: Russell
Unlike crude oil, where China can source from multiple producers, iron ore supply is highly concentrated, and dominated by just two producers, Australia and Brazil. China also currently lacks a …
China to import more Vietnamese fruits
China is set to import more fruits from Vietnam as the two countries seek to increase trade following the visit to Hanoi by Party General Secretary and President Xi Jinping.