Imports of iron-ore by China, the world’s biggest buyer, in 2024 are expected to be around 1.17-billion to 1.18-billion metric tons, similar to last year’s 1.18-billion tons, a senior official of …
BUSINESS
Eric Schmidt says China can’t catch up to US in AI for 4 reasons
“I think we’re in pretty good shape.”Schmidt served as Google’s CEO from 2001 until 2011 and remained its chairman until 2015. Following his departure, Schmidt has invested in various AI companies, including Anthropic.
China trade: export growth beats expectations, expands by 1.5% in April
China’s export growth surpassed market expectations in April, providing signs that it can weather geopolitical uncertainties to recover overseas orders and accomplish its annual economic growth target. Exports rose by 1.5 per cent from a…
Chinese EV maker Nio to launch its lower-priced brand Onvo on May 15
Chinese electric car company Nio said Thursday it will launch its lower-priced brand called Onvo on May 15. The announcement comes amid a price war in China’s highly competitive electric car market …
China’s ‘new three’ exports dominate the 2023 global green transition
“Reaching 1,545,832 units, China’s electric vehicle exports surged in 2023, marking a 64 per cent increase from 2022,” Dr Zhang said. “Chinese company BYD Auto overtook Tesla as the leading producer of new energy vehicles…
Vietnam’s China ties loom large in US hearing on market economy upgrade
U.S. President Joe Biden’s bid to draw Vietnam closer as a strategic ally clashed with his desire for union workers’ votes on Wednesday as trade lawyers sparred over whether the Commerce Department …
Asia markets mostly poised to rise ahead of China trade data and Japan pay figures
Economists polled by Reuters are expecting a 1.5% rise in exports in China, a reversal from the 7.5% fall seen in the past month.
HKMA Welcomes Pilot Launch of Shenzhen-Hong Kong Cross-Boundary Data Validation Platform
Hong Kong Monetary Authority (HKMA) welcomes pilot launch of the Shenzhen-Hong Kong cross-boundary data validation platform.
A US ally is forging ties with China’s air force but probably won’t get its J-20 stealth fighter
associate fellow at Chatham House and head of the China Studies Unit at the Emirates Policy Center, told Business Insider. “Abu Dhabi’s first choice would certainly be to acquire the F-35 sale over …
An escalating cold war between US and China would be a blow to global growth, IMF official says
The IMF predicts that the global economy could incur costs equivalent to as much as 7% of the world’s GDP in the worst-case scenario …
Young Chinese crossover brand Jetour makes quick foray into global market
Jetour was created in 2018 as a crossover brand by Chery Holding Group Co. In 2023, annual sales of the brand, whose main products are gasoline-powered vehicles, surged 75 percent year on year to 315,…
China’s Xi arrives in Hungary for talks on expanding Chinese investments
BUDAPEST, Hungary (AP) — Chinese President Xi Jinping arrived in Hungary late Wednesday, the final stop on his five-day European tour, where he’s expected to finalize a number of agreements with Prime Minister Viktor Orbán…
Taiwan’s export dependence on China drops to 22-year low
TAIPEI — China accounted for 30.7% of Taiwan’s goods exports for the first four months of the year, nearing a low last seen more than two decades ago for the island’s biggest trading partner. Exports…
