China’s car sales fell 6.9% in June from a year earlier, dropping for a third straight month as government incentives failed to spur consumer demand in a sputtering economic recovery.
BUSINESS
German exports fall more than forecast in May
By Maria Martinez (Reuters) -German exports fell more than expected in May due to weak demand from China, the United States and European countries, data from the federal statistics office showed on …
Chinese digital retail service provider Dmall completes CSRC registration for Hong Kong IPO
The Shenzhen-based company, backed by Tencent and Lenovo, plans to sell up to 86 million shares, according to a statement posted on the CSRC website.
China’s car sales slide in June, falling for third month running
China’s June car sales fell 6.9% from a year earlier, extending declines for a third straight month as government incentives failed to spur consumer demand in a sputtering economic recovery.
China may investigate energy storage plants for fire risks, local media says
Chinese authorities are considering ordering large-scale investigations of energy storage plants for fire risks, in a sign of tighter standards for China’s booming battery energy storage industry, the …
China will hold hearing on European brandy imports
As a result of the ongoing disucssions on tariffs on electric vehicles from China, China is now looking into its anti dumping investigation of the European brandy import.
AliExpress-Temu user numbers rise again; Korean professor warns of business shift to China
The number of South Korean users on Chinese direct purchase platforms, such as AliExpress (Ali) and Temu, rebounded in June after two consecutive months of decline in April and May. According to WiseApp·Retail·Goods,
EU Targets China’s Temu and Shein with Proposed Import Duty Reform
The European Union is drafting plans to impose customs duties on inexpensive goods bought from Chinese online retailers, including Temu, Shein, and AliExpress.
Bitcoin (BTC) News Today: Can a China Crypto Re-Entry Counteract Supply Surge?
External factors like Mt. Gox repayments and potential BTC sell-offs cast a shadow over recent BTC-spot ETF market flow data.
Europe starts to impose car import tariffs
LIN SHANCHUAN/XINHUA The European Union has imposed additional tariffs on imports of electric vehicles made in China from Friday. There is, however, a four-month window during which the tariffs are …
What to do about the influx of China’s subsidised, yet high quality EVs
China’s trading partners argue that these tensions are the … the Hefei municipal government in exchange for a 17 per cent stake in the company’s core business. Hefei later cashed out most of its …
Old brands capitalizing on China-chic trend
Meanwhile, for numerous coffee lovers, the “sauce-flavored latte “made by domestic coffee brand Luckin is an absolute must-try. This novelty is one of Luckin’s bestselling products, made all the more …
China Stock Market May End Losing Streak
(RTTNews) – The China stock market has moved lower in three straight sessions, retreating almost 50 points or 1.7 percent along the way. The Shanghai Composite Index now sits just shy of the …
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