Toyota’s new EV will be slightly bigger than its compact Corolla, the world’s best-selling car of all time. One source told Reuters that the vehicle is like a “Corolla with bigger back-seat section.” …
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Toyota turns to BYD for new China EV battery tech, report says
Didi U.S. Exit Adds to Pressure on China Valuations
Chinese technology shares already sell at a discount to their U.S. peers, in part because of Beijing’s regulatory crackdowns. That gap may get wider if more companies follow Didi Global Inc.’s lead …
China’s Asymchem Said to Guide Listing Price at HK$388
Chinese drug manufacturer Asymchem Laboratories Tianjin Co. is telling prospective investors it plans to price its Hong Kong listing at HK$388 per share, according to people familiar with the matter.
Didi bows to China regulatory pressure, will delist from NYSE
The company’s shares were down around 15% after swinging between gains and losses in premarket trading as investors initially bet the move would appease Beijing and serve as a catalyst for a revival o …
China Will Cut Reserve Ratios in Timely Way -State Media Quotes Premier
China will cut banks’ reserve requirement ratios (RRR) in a timely way to help safeguard economic stability, state media on Friday quoted Premier Li Keqiang as saying. China will implement steady …
Didi Leaving New York Months After IPO Is Next Step in U.S.-China Decoupling
The Chinese ride-hailing giant is aiming for a Hong Kong listing as soon as the first quarter of 2022. The company ran into trouble with Beijing almost immediately after its $4.4 billion initial …
Beijing: New rules will ease US-China business travel
Beijing will cut the time needed to approve travel for US executives to a week and a half and will be more ‘attentive’ to complaints from business leaders over the current travel regime. Business Trav …
David Fan Appointed to Lead Marelli China Business
Marelli, a leading global automotive supplier, has today announced the appointment of David Fan as EVP and President China, effective from 1 January 2022. The appointment will be key to strengthen …
Olympic bobsled star Kaillie Humphries becomes US citizen ahead of Beijing Games
Kaillie Humphries will be on the brink of history when she participates in the bobsled event at the 2022 Beijing Olympics in February.
China and Laos open $6 billion high-speed rail link
A $6 billion high-speed rail line connecting China with its Southeast Asian neighbour Laos opened on Friday, a milestone in Beijing’s ambitious Belt and Road infrastructure plans. Chinese President Xi …
US closely monitoring China, Switzerland curreny policies
The US Treasury said Friday it will keep a close eye on China’s economic policies and actions to influence the value of its currency, along with those of Vietnam, Taiwan and Switzerland.
Can China’s Developers Just ‘Lie Flat’ and Not Repay Debt?
It’s an urgent question for China’s distressed real estate developers. China Evergrande Group on Friday warned it may not have enough money to “continue to perform its financial obligations.” …
No currency manipulator labels from US, China on watch
The Biden administration will not designate any country as a currency manipulator, but it did name China, Vietnam and Taiwan among the nations that have failed to live up to global agreements not to …
