China welcomes more US financial institutions and long-term capital to continue deepening mutually beneficial cooperation with China, Vice Premier He Lifeng said on Wednesday. He, also a member of the …
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Chinese official encourages US financial institutions to deepen cooperation with China
The US-China Trade War Will Be More Disruptive This Time
Global markets could turn volatile as investors realize there are no winners from a trade war between the two largest economies that is more disruptive than before.
GM signals more trouble for China’s auto market with $5 billion-plus in impairment charges and write-downs
General Motors Co.’s stock slid 2.9% early Wednesday as the auto giant’s joint-venture in China booked more than $5 billion in impairment charges and write-downs in the face of competitive price wars in that market.
Tesla EV sales plummet in Australia as China brands grow
Tesla’s Australian electric vehicle sales remain in free fall after November became the eighth-straight month of year-on-year sales decline for Elon Musk’s autogiant amid a growing wave of competition …
China sends warning to Biden and Trump with gallium and germanium export ban against US
China declared an export ban on these metals to the US, a retaliatory action following US President Joe Biden’s administration’s introduction of new technology restrictions targeting China.
China tops 1B 5G network subs
China likely breached the 1 billion 5G milestone in November after operators collectively reaching 995 million subscribers at end-October.
GM is struggling so much in China, it had to announce massive charges to fix its business
China, once GM’s largest and most important market, has become its biggest problem. General Motors told shareholders on Wednesday that it would record two non-cash charges totaling more than $5 billion on its joint venture…
How China Benefits From Chaos in US-Allied South Korea
Seoul’s withdrawal from the nascent trilateral security alliance with the U.S. and Japan could strengthen China’s hand in the region.
GM expects more than $5 billion impact from China restructuring, including plant closures
General Motors expects a restructuring of its joint venture operations with SAIC Motor Corp. in China to cost more than $5 billion in charges and writedowns. The restructuring charges for the “SGM” joint venture are…
GM Sees $5 Billion Hit to Restructure Troubled China Business
General Motors Co. will incur more than $5 billion in charges and writedowns tied to its troubled operations in China as the automaker tries to salvage its once-profitable business in the world’s …
Losses in China lead to $5 billion charge for General Motors as it cuts the value of its assets
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 …
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.
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