The automaker had hoped to cut production there in the first quarter and return to profitability. GM has been contemplating a shakeup in its China business for months and Chief Financial Officer Paul …
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China’s economy slows further in July as retail sales barely grow, investment slump steepens
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China’s androids dream of outsize returns
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GM cuts China jobs as it resets in world’s biggest car market
{Hot Stocks}CHINA UNICOM(00762) quoted at HK$6.13, up 2.7%
[ET Net News Agency, 13 August 2024] CHINA UNICOM (00762) rose 2.7% to HK$6.13. It hits an intra-day high of HK$6.15, and an intra-day low of HK$5.96. The total shares traded was 32.87 million, with…
China new loans hit 15-year low in July, more policy steps expected
China’s bank lending tumbled more than expected in July, hitting the lowest in nearly 15 years, dragged down by tepid credit demand and seasonal factors and raising expectations that the central bank …
Philippines says deal with China on South China Sea outpost up for future review
The Philippines said on Tuesday an arrangement with China to avoid confrontations during resupply missions to troops at a disputed shoal may be subject to future review, days after their latest …
How China stocks could break out of the value trap
Investors who love China stocks point to their super-low valuations, while the bears note China’s cold war with the U.S. along with stifling real-estate debt, looming demographic troubles, accounting …
China July new bank loans dip to 260 billion yuan, miss forecasts
Chinese banks extended 260 billion yuan ($36.26 billion) in new yuan loans in July, down from the previous month and undershooting analysts’ forecasts, highlighting weak demand as a prolonged property …
Photo Shows China’s New Electronic Warfare Drone Flying Near US Ally
The drone spotted by the Japanese air force features an electronic intelligence pod carried under the fuselage with blade antennas underneath the nose.
China new loans drop more than expected in July on weak demand
China’s bank lending tumbled more than expected in July, dragged down by tepid credit demand and seasonal factors even as the central bank vowed to step up policy support for the economy. Chinese banks extended…
China pledges billions more in funds to aid disaster-stricken farm regions
China’s central bank said on Tuesday it will provide an additional 100 billion yuan ($14 billion) to banks to support rebuilding areas devastated by floods, after recent extreme weather damaged around …
Huawei readies new AI chip to challenge Nvidia in China, WSJ reports
China’s Huawei Technologies is close to introducing a new chip for artificial intelligence use to challenge Nvidia in China amid U.S. sanctions, the Wall Street Journal reported on Tuesday, citing …
Beike’s second-quarter profit jumps 13.9% in surprise defiance of China’s property slump
Adjusted net profit rose 13.9 per cent to 2.7 billion yuan (US$377 million) in the second quarter, beating the 1.8 billion yuan expected by analysts in a Bloomberg poll KE Holdings, the operator of …
China files EU tariffs complaint with WTO
The Chinese government has filed a complaint with the World Trade Organisation (WTO) over the European Union’s (EU) imposition last month of additional import tariffs on battery electric vehicles …
China is on track to overtake France and the United States as the world’s leading source of atomic power
China is on track to overtake France and the United States as the world’s leading source of atomic power, a significant milestone in the global energy landscape, Bloomberg reports. The country’s rapid …
