Car dealership groups in two provinces have gone out of business since last month in China, both of them BYD Co. retailers, evidence of the tough competition in the nation’s auto market and proof that…
FINANCE
G7 Finance Leaders Pledge Joint Action on China’s Trade Tactics
Facing economic headwinds and political division, the world’s top democracies unite to address global imbalances.
BYD dealership closures reveal financial pain in China’s auto market
A profound shift in direct-to-consumer model and promises of new tech has left many stuck with excess inventory.
Foreign financial firms upbeat on China market amid steady economic growth, policy support
As China’s economy shows strong upward growth momentum after authorities unveiled a fresh round of supportive policies, multiple foreign financial institutions have expressed optimism about China’s …
Beijing clears way for tech firms to list overseas
Chinese authorities said on Thursday the country will provide a more transparent, efficient and predictable regulatory environment, along with …
RBA Upbeat On China’s Ability to Ride Out Trade War
Business leaders in China are confident about its strong negotiating position on trade, the RBA deputy governor said following a trip to the country.
JPMorgan is long-term in china despite pressure, Dimon says
SHANGHAI] JPMorgan Chase chief executive officer Jamie Dimon said his firm is committed to long-term investments in China, despite tension between the governments of the world’s two biggest economies.
China’s outbound direct investment sees steady growth in Jan-April
BEIJING — China’s total outbound direct investment (ODI) rose 7.5 percent year-on-year to $57.54 billion in the first four months of this year, according to data released Thursday by the Ministry of …
China’s plea to PM: let us into trans-Pacific trade deal
Beijing has reacted to Prime Minister Anthony Albanese’s declaration of support for Indonesia to join the trans-Pacific free trade deal by issuing a fresh plea to back China’s membership of the pact, …
Former PBOC deputy governor Liu Guiping to head Bank of China, sources say
China will appoint financial veteran Liu Guiping as chairman of Bank of China , the nation’s fourth largest state-owned bank, two sources with knowledge of the matter said.
U.S.-China ‘contest of the century’ is on technology, says academic
Andrew Sheng, Distinguished Fellow at the Asia Global Institute and Chief Adviser to the China Banking Regulatory Commission, describes the current tension between the U.S. and China as a showdown …
Former PBOC deputy governor Liu Guiping to head Bank of China: sources
BEIJING] China will appoint financial veteran Liu Guiping as chairman of Bank of China, the nation’s fourth largest state-owned bank, two sources with knowledge of the matter said. Read more at The …
Nvidia CEO calls Biden’s AI chip curbs on China ‘a failure’ and praises Trump’s changes
U.S. efforts to curtail China’s access to advanced artificial intelligence chips have backfired, Nvidia (NVDA) CEO Jensen Huang said Wednesday, adding that the Biden administration’s export …
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