Trade and geopolitical tensions are weighing on the global EV market. On Monday, Reuters reported that Canadian Prime Minister Justin Trudeau announced that Canada would impose a 100% tariff on …
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Price wars: only 2 out of more than 30 Chinese electric car manufacturers make a profit
Electric vehicles account for more than half of new car sales in China, but the vast majority of brands are making a loss selling electric cars. This …
China’s rising unemployment rate creates ‘rotten-tail kids’
Rising unemployment in China is forcing millions of college graduates into low-paying jobs or dependence on their parents, creating a new “rotten-tail kids” working class that is being compared to …
Canada Is Adding Tariffs to Imports of Chinese EVs, Steel and Aluminum
A 100% surtax will be applied to electric vehicles made in China, while a 25% surtax will be slapped on imports of steel and aluminum products.
Canada imposes a 100% tariff on imports of Chinese-made electric vehicles, matching the US
Canada’s government says it is imposing a 100% tariff on imports of Chinese-made electric vehicles that matches U.S. tariffs and follows similar plans announced by the European Commission …
Canada to hit China with tariffs on EVs, aluminum, steel
The U.S. hiked tariffs on a lengthy list of other Chinese products in May, including solar cells, computer chips, medical equipment and lithium ion batteries. To impose tariffs, Canada must undertake …
China property: Shanghai’s luxury homes sell out as developers target the super-rich
The luxury property market in China remains strong, with high-end homes selling out quickly in major cities like Shanghai and Shenzhen.
China Sets New Record with $26 Billion in Semiconductor Equipment Imports by July 2024
Chinas semiconductor equipment imports reached a record $26 billion by July 2024, driven by purchases of older-generation machinery. Companies like ASML, Tokyo Electron, and Applied Materials played …
Luka Doncic to join Jordan Brand Athletes on inaugural China tour
Luka Doncic will be taking part in the Jordan Brand’s inaugural “Family Tour” this upcoming week in China, the Brand announced on Monday. Among the other Jordan Brand athletes that will be on the tour…
Canada Slaps 100% Import Tariff on Chinese EVs
Canada will impose a 100% tariff on all Chinese-made electric vehicles starting October 1, 2024, to protect its auto industry and align with U.S. and EU trade policies.
Donald Trump’s Bitcoin mining push threatens China’s dominance
For a long time, Bitmain, a Chinese miner company, has had a tight grip on the Bitcoin mining market. They own about 90% of it, practically running the show.
China Market Update: Hong Kong Gains As Pinduoduo’s Slight Revenue Miss Sends Shares Lower
Asian equities rose despite rising Middle East tensions. Powell’s Friday press conference, confirming a September rate cut, sent the US dollar lower. Hong Kong outperformed as the Hang Seng Index closed just below the 18,
How China can make life better for foreign and domestic tourists alike
Refining entry policies, mobile payment systems and rail travel can help make the mainland an easier and more welcoming travel destination.
