China’s exports beat estimates in May, showcasing the country’s growing dependence on foreign buyers.
BUSINESS
China’s commodity imports are soft, even those that look strong
LAUNCESTON, Australia, June 10 (Reuters) – China’s imports of major commodities were either openly weak in May, such as the decline in crude oil, or those showing apparent signs of strength were …
China is awash in $10,000 EVs. Importing them could have changed everything
Tariffs mean that China’s cheap EVs aren’t accessible in the U.S.—and the transition to clean transportation is happening more slowly. A visitor is checking out the Chinese automaker BYD Seagull …
China’s EV makers return to fast lane helped by government subsidies tailwind
Beijing will offer a subsidy of US$1,380 to buyers of EVs for replacing petrol cars and the incentive scheme will be available until the year-end China’s premium electric car makers can expect a …
China Market Update: Offshore Goes Risk Off As Exports Beat, Week In Review
The Caixin Manufacturing and Services PMIs both beat estimates for May while China reported better-than-expected export growth year-over-year. E-Commerce and local services giant Meituan beat estimates on its top and bottom lines in the fourth…
US-China auto partnerships persist despite tariffs, political tensions
The joint ventures represent an important outlet for the Detroit Three carmakers to learn about new technologies and earn money in the Chinese market.
China increases its presence in the U.S. scrap sector in 2023
Shipments of aluminum and red metal scrap from the United States to China each increased by double digit percentages last year compared with the prior year.
Chinese autonomous driving firm Minieye, backed by Alibaba CEO, files for Hong Kong IPO
Shenzhen-based Minieye Technology, which has yet to turn a profit, is joining mainland autonomous driving firms like iMotion and Horizon Robotics on the Hong Kong stock exchange Chinese autonomous …
OCBC going bigger on tech as it looks to support Chinese firms doing business with Asean
The bank will be hiring 300 highly-skilled software engineers in China over the next three years. Read more at straitstimes.com.
Huawei beats Apple in China’s high-end smartphone market during 618 sales
Finally, with ongoing political tensions between China and the US, some consumers might be shifting their preferences towards homegrown brands. Apple, however, is not out of the race entirely. Their …
China’s EV market is going global. Can U.S., Canada balance protectionism with reducing emissions?
China’s electric vehicle industry is poised to dominate the globe and that has governments in Europe and North America, including Canada, grappling with what can be seen as competing priorities — …
Business leaders from Korea, Japan, China call for trilateral economic partnerships
Businesspeople from Korea, Japan and China have shared a common view on the need for their partnerships for economic vitalization and supply chain stabilization, according to a survey conducted by a …
China’s secondary private equity market gains favour amid low valuations, exits
More global investors see the secondary market as ‘an excellent way to get risk-adjusted exposure to Asia’, including China, proponents say.
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