Mercedes-Benz has obtained approval for Level 4 automated driving testing for designated urban roads and highways in Beijing, China. It had previously obtained approval for Level 3 testing. Markus …
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Mercedes go for Beijing Level 4 tests
Foreign sportswear brands see gains in China, spurred by summer sports events
Many foreign sportswear brands see growth potential in China, as Chinese people become more sports-minded, spurred by summer events including the just-concluded Paris Olympics. Inquiries and sales of …
General Motors Reportedly Cuts Jobs in China Amid Restructuring Effort
General Motors reportedly cut jobs in China as GM’s operations in the region struggle to regain profitability amid rising competition.
GM cuts China jobs as it resets in world’s biggest car market
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 …
{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 …
