The Chinese property developer’s fledgling auto unit said NWTN’s $500 million investment will help it meet imminent funding needs.
Recent Posts
China Cuts Key Rates as Economy Sours. It’s Starting to Get Desperate.
“Higher fees in risky areas serve two purposes: they encourage price-sensitive households to choose safer locations, and they also provide local governments with more revenue to upgrade the climate …
China Touts ‘Huge Breakthrough’ in Laser Weapons Technology
The National University of Defense Technology team says it has found a way to fire lasers without heat buildup.
China’s Economic Woes Hit Markets Around the World
The economic issues in China have been festering for a while and have been part of the reason that the indexes topped out at the end of July, but the aggressive moves are an admission…
China reacts to economic alarm bells with cut in key bank rate
China has cut one of its key interest rates and pumped tens of billions of dollars into its banking system after a batch of data added to concerns over an econo
China’s Economic—and Social—Contract Is Fraying
Chinese households’ confidence in Beijing’s policies has been shattered.
Volvo to be first company in China to import remanufactured engine
The remanufactured engine to be imported by Volvo Construction Equipment (China) will arrive in the country in late September, Chen Chaoping, the company’s head of uptime and parts said in a media …
Explainer-How Much Worse Can China’s Economic Slowdown Get?
Economists blame weak domestic demand for subdued investment appetite in the private sector and for China sliding into deflation in July. If it persists, deflation could exacerbate the economic …
Amid Rising Joblessness, China Stops Publishing Its Youth Unemployment Rate
China’s National Bureau of Statistics announced it would suspend disclosing the country’s youth joblessness rate, citing a need to reassess its methodology.
Oil edges lower after weak China data
Oil futures were modestly lower Tuesday morning, feeling pressure after another round of weak economic data out of China.
China surprises with rate cuts as economy grapples with ‘confidence crisis’
China’s central bank unexpectedly cut rates on Tuesday, as policymakers continued to step up support for its struggling economy.
China Economic Woes May Offer a Silver Lining to Global Markets
China’s lapse into deflation is fueling jitters across financial markets but money managers say it isn’t necessarily a bad thing.
Global stocks stuck near 5-week lows, China cuts rates
Global stocks were stuck near five-week lows on Tuesday as rising government bond yields unnerved investors, while rate cuts from China and disappointing data underscored the economic malaise gripping the world’s second biggest economy.