Volkswagen aims to preserve its market share in China at about 15% in 2030, the head of its China business said, betting heavy investment there will help it maintain its competitiveness against local …
BUSINESS
China In Eurasia Briefing: Previewing Xi’s Big Europe Trip
Chinese leader Xi Jinping will visit Hungary, Serbia, and France on a high-profile tour in early May, marking his first trip to Europe since the pandemic.
China In Focus As Apple Reports Q2 Results
Per Counterpoint Research, iPhone sales in China declined by 24% over the first six weeks of 2024, compared to the Chinese smartphone market which declined by 7% over the same period. Apple has been …
Biden is fighting Trump’s tough tactics by calling for tripled tariffs on Chinese steel imports
China’s economy struggles to consume all it’s producing, exporting the most steel since 2016 amid a real-estate slump.
Factbox-EU probes on Chinese subsidies and imports
The European Union launched an investigation into China’s procurement of medical devices on Wednesday in a latest effort to protect home-grown manufacturers. It has also launched several probes into whether Chinese clean tech producers are…
Google-backed Chinese AI company Mobvoi sees stock tumble in Hong Kong IPO – report
Chinese AI company Mobvoi fell up to 22% on its IPO in Hong Kong on Wednesday, marking the third stock to tumble on debut in the city this week, Bloomberg News reported. Beijing-based Mobvoi, which is…
Blinken expected to deliver strong warning on Russia support as he arrives in China for key meetings
US Secretary of State Antony Blinken arrived in China on Wednesday where he is expected to issue a strong warning to Chinese leaders about the country’s support for Russia’s efforts to ramp up weapons …
China’s durian output to quadruple in 2024, processing poised to permeate with demand ‘on a rapid rise’
Chinese-produced durian is set to be available to the public in July, with production from the tropical island of Hainan likely to reach 200 tonnes this year, although Thailand and Vietnam are set to remain…
Better US-China ties but still deep disagreements as Blinken starts visit
U.S. Secretary of State Antony Blinken arrives in Shanghai on Wednesday with U.S.-China ties on a steadier footing, but with a daunting array of unresolved issues threatening the stability of relations between the global rivals.
Blinken Goes to China With Potential Trouble on Horizon
Even as Mr. Blinken’s plane approached Shanghai, the challenges ahead were apparent. He was set to land just hours after the U.S. Senate passed a bill, which President Biden is expected to quickly sign into…
China’s Huawei launches new software brand for intelligent driving
Chinese tech company Huawei (HWT.UL) unveiled on Wednesday a new software brand for intelligent driving, marking its latest push to become a major player in the electric vehicle industry.
Global car brands need to catch up, says expert
International carmakers need to make “major changes” to stay competitive in China, the world’s largest vehicle market, said Xu Changming, an expert at the State Information Center. Xu made the remarks …
China Approves US Listing for Self-Driving Firm in Easing Sign
China has greenlit a US listing by autonomous driving startup Pony.ai, raising the potential for an increase in Chinese tech initial public offerings in New York after a more than two-year hiatus.
