Arizona Sen. Mark Kelly has had many jobs: an astronaut, a Navy captain – and, apparently, a Chinese pill pusher. Kelly’s past days hawking vitamins in China resurfaced this week amid …
BUSINESS
WeRide Merges Into Crowded Field Of Autonomous Driving IPOs
That said, the WeRide IPO is notable for its very star-studded cast. Chairman and CEO Han Xu was formerly chief scientist at the autonomous driving unit of Baidu BIDU, a leader in China’s autonomous …
China’s spending slump is crushing global carmaker profits
BMW AG and Volkswagen AG capped a painful earnings period for global automakers that are contending with waning electric-car sales and weak demand in China. Both manufacturers on Thursday reported …
Live updates: Apple investors watching iPhone sales in China ahead of earnings today
Investors will be on high-alert for updates on the firm’s success in China, the services side of its business, and Apple’s key projects. That includes Apple Intelligence, its coming AI software, and …
ArcelorMittal Cries Foul on Steel Exports From China
ArcelorMittal SA said exports from China left the steel market in an unsustainable position, as the world’s biggest producer outside of the Asian country reported a fall in second-quarter profit.
Uber, China’s BYD, form partnership to deploy 100,000 EVs in EU and Latin America
The ride sharing giant Uber and Chinese automaker BYD say they have agreed on a partnership to introduce 100,000 BYD model EVs on the Uber platform in Europe and Latin America.
Asia’s crude oil imports drop in July as China stays weak
Asia’s crude oil imports dropped to the lowest in two years in July as demand remained weak in top importer China and eased in number two India.
BMW’s Key Automotive Unit Held Back by China Struggles
BMW’s automotive unit reported slightly lower-than-forecast profitability in the second quarter as revenue was weighed by heightened competition and weaker consumer sentiment in China.
HEDGE FLOW Hedge fund allocations to China hit five-year low
China, the world’s second-largest economy … reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop …
China trade promotion agency inaugurates new office in US
“This year, CCPIT’s Rep. Office relocated to this new place, closer than before to the White House, U.S. Department of Commerce, U.S. Chamber of Commerce, USCBC (United States-China Business Council), and other important government departments…
Steel Ministry calls for probe into cheaper China, Vietnam imports
The Union Ministry of Steel has asked the trade ministry to investigate cheaper steel imports from China and Vietnam, a government official directly aware of the matter said on Wednesday, as New Delhi …
China’s sci-tech, advanced-manufacturing hub Shenzhen sees booming trade
SHENZHEN – Shenzhen, a vibrant sci-tech and advanced-manufacturing hub in South China’s Guangdong province, has seen trade volume reaching 2.2 trillion yuan ($308 billion) in the first half of this …
China’s factory activity contracts for first time in 9 months, Caixin PMI shows
China’s manufacturing activity in July shrank for the first time in nine months as new orders declined, a private sector survey showed on Thursday, boding ill for the country’s growth momentum in the …
