BEIJING — China saw about 2.24 million passenger vehicles sold in June, of which 1.2 million were domestic brands, accounting for 53.7 percent of the domestic market.
Recent Posts
China Doesn’t Want to Compete. It Wants to Win.
A recent flurry of diplomatic talks shouldn’t be taken to mean that Beijing is looking for compromise with Washington.
China hits Jack Ma’s Ant Group with nearly $1 billion fine
China’s central bank has reportedly slapped technology provider Ant Group, which Chinese billionaire Jack Ma founded in 2014, with a 7.12 billion yuan (approximately $997 million) fine. Latest …
China executes kindergarten teacher convicted of poisoning students
Wang Yun, who previously poisoned her husband with the same substance, was found guilty of killing one child and sickening 25.
US military chief praises Japan’s recent defense spending, calling it crucial to confront China, North Korea
U.S. Gen. Mark Milley, the highest-ranking military officer in the country, encouraged Japan’s recent commitment to increase military spending.
Microsoft Email Hack Shows Greater Sophistication, Skill of China’s Cyberspies
With the latest attack, the Chinese went a step further in their stealth technique. They gained access to the guts of Microsoft’s cryptographic protection system and used it to produce digital …
China will avoid deflation, central bank official says
A senior Chinese central bank official has said the world’s second-largest economy will avoid slipping into deflation this year and urged patience as it struggles to recover from strict Covid controls …
China’s weakening economy might be the key to pushing inflation down in the US without a recession
China’s “rapidly aging demographic profile is also weighing on consumer spending as China is becoming the world’s largest nursing home,” Ed Yardeni said.
Unveiling the 5G Auto Factory from Geely’s Zeekr in China
Zeekr, a Chinese electric vehicle brand under auto conglomerate Geely, is shaking up global auto manufacturing with its fully-connected 5G factory in Ningbo, China. The factory, developed with China …
China central bank signals more economic support, regulators to woo global investors
China’s central bank has signaled that more support for the economy could be on the way, while its financial regulators are looking to woo the world’s biggest investors at a time when its economy has …
China’s Central Bank Signals More Policy Support for Economy
The People’s Bank of China hinted at more policy support for the economy, while also urging patience for the recovery to take hold.
Scholz plays down need for policy to spur ‘de-risking’ from China
German Chancellor Olaf Scholz on Friday played down the need for government policy to encourage companies to de-risk from China, saying many firm were already diversifying their supply chains, …
China criticizes German call for reducing dependency on Chinese products as ‘protectionism’
China has criticized a German government call for reducing dependency on Chinese products as a form of protectionism.