Li Auto reported weaker-than-expected first-quarter earnings and guided low on the current quarter, as the once-hot China electric vehicle maker struggles with increased competition. Li Auto stock plunged Monday.
BUSINESS
Boeing Trades Nearly 1% Lower as China Imposes Symbolic Sanctions On Airplane Maker And Other US Defense Firms Over Taiwan Arms Sales
In a move that is largely seen as symbolic, China has imposed sanctions on three U.S. defense contractors, including Boeing Co. (NYSE: BA), for their involvement in arms sales to Taiwan.
Senate Inquiry Finds BMW Imported Cars Tied to Forced Labor in China
The report also found that Jaguar Land Rover and Volkswagen bought parts from a supplier the U.S. government had singled out for its practices in Xinjiang.
China launches anti-dumping probe into U.S., EU chemical exports
China has launched an anti-dumping investigation into copolymer formaldehyde imported from the United States and the European Union, after they announced similar measures targeting Beijing last week.
Fujian’s suit brand impresses on international media tour
Members of international media tour A Date with China visited local sauna suit brand Hotsuit in Shishi of Quanzhou, East China’s Fujian province, on Friday, experiencing the vibrant development of …
China’s entry to DEPA will bring enormous business opportunities for members: senior trade official
China’s entry to DEPA will bring enormous business opportunities for members: senior trade official China’s Ministry of Commerce (MOFCOM) on Tuesday strongly rejected the US’ National Trade Estimate …
US arrests 2 Chinese for laundering around $73M tied to crypto scams
Two Chinese nationals were arrested in the US for laundering at least $73 million through shell companies tied to cryptocurrency investment scams, the J …
China launches its own anti-dumping probe following Biden’s monster tariffs
China has hinted at possible tit-for-tat action against trade barriers imposed by the United States last week, as relations between the two economic superpowers become increasingly fraught.
Foreign Envoys to China Witnessed Launch of Chongqing Brands Global Promotion Initiative
On May 18, the 2024 Land-Sea Economic Forum, themed “China, an Opportunity: New Era of Brand Globalization,” was held at the Chongqing Yuelai International Convention Center.
China’s new energy vehicles boast global competitive edges: officials
China’s new energy vehicles (NEVs) boast global competitive advantages, thanks to technological breakthroughs, well-developed industrial chains, and an open and innovative industry ecosystem, …
China’s Gen Zers become major force in swaying trends and driving domestic consumption
China’s Gen Zers, especially those from the country’s first-tier cities, have a great influence in shaping consumption by driving trends on social media and across the internet, said Yang Jianwen, a …
China’s fuel oil imports soar to the highest since at least 2020
China’s imports of fuel oil rose 10% in April from a year earlier to 2.93 million metric tons, data from the General Administration of Customs showed on Monday, which is the highest level since at…
China Hits Boeing Defense, Two Others With Symbolic Sanctions
China sanctioned three US defense contractors in a mostly symbolic move that signals its unhappiness with US arms sales to Taiwan the same day the island installs a new leader.
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