The poor performance of General Motors’ Chinese joint ventures is forcing the company to write down assets and take a restructuring charge totaling more than $5 billion in the fourth quarter of this y …
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Losses in China lead to $5 billion charge for General Motors as it cuts the value of its assets
China losses force General Motors to take over $5B in charges to restructure and cut asset values
The poor performance of General Motors’ Chinese joint ventures is forcing the company to write down assets and take a restructuring charge totaling more than $5 billion in the fourth quarter of this …
General Motors is taking a $5 billion-plus hit on its operations in China
GM said it would write down the value of its joint venture with China’s SAIC Motors by as much as $2.9 billion and incur restructuring charges.
European Business Groups’ Surveys Find Rising China Challenges
British and German firms in China are having a tougher time doing business and worry about the outlook for next year, according to two new surveys.
China creates chameleon-like camouflage tech with ‘invisibility’ power for military use
Camouflage is an important military strategy that limits the enemy’s ability to locate and attack other forces. Now, a team of Chinese researchers has developed an advanced color-switchable material called Self-Adaptive Photochromism (SAP).
South China Sea: Beijing submits Scarborough Shoal baseline documents to UN
China has submitted a copy of the geographic coordinates and nautical charts for sea territory surrounding Scarborough Shoal with the United Nations, a move experts said followed international …
Chinese espionage campaign scooped up data on thousands of US mobile phone users, sources say
A Chinese espionage campaign scooped up data on hundreds of thousands of American mobile phone users, likely stealing information about more than 1 million customers.
Why China need not worry about Trump’s tech and financial warfare
When future historians look back on China’s rise, Trump’s trade war might well be viewed as having helped to prevent a Chinese crisis China has overcome Donald Trump’s trade war and tech sanctions …
Bybit crypto exchange says mainland Chinese can trade through VPN, but not with yuan
Bybit CEO Ben Zhou says the company plans to reapply for a Hong Kong licence next year even though regulators bar selling crypto to mainlanders.
China’s Nuclear-Armed Neighbor Gets Aircraft Carrier Boost
INS Vikrant, India’s first indigenous aircraft carrier, is now fully operational for undertaking naval assignments.
Greg Abbott’s War on China
Texas governor has instructed state agencies to “divest at the first available opportunity” from China in a move aimed at Beijing.
Before DOGE, Ramaswamy spent years attacking Musk for ties to China
Vivek Ramaswamy, the co-chair of the proposed Department of Government Efficiency alongside billionaire Elon Musk, has a lengthy history of attacking his partner’s ties to China, frequently referring …
China’s services activity expansion dampened by ‘trade environment’ concerns: Caixin PMI
Caixin/S&P Global services purchasing managers’ index aligned with the official gauge, which also showed China’s non-manufacturing activity weakened last month.
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