Stellantis CEO Carlos Tavares and executives will speak this week about Chinese competition, capital discipline, forthcoming products, software initiatives and, potentially, further cost reductions. The parent of brands like Ram and Jeep has set ambitious…
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Saimo Tech Revs Up For Another IPO Race After Two False Starts
The company’s profits rose 10% to around 55 million yuan last year But the firm’s net profit margin has continued to decline, and receivables are piling up By Lau Chi Hang …
US widens sanctions on Russia to discourage countries such as China from doing business with Moscow
The United States widened its sanctions against Russia Wednesday as G7 leaders prepared to gather in Italy for a summit where top priorities will be boosting support for Ukraine and grinding down …
EU announces taxes on Chinese electric cars, Beijing slams ‘naked protectionist behavior’
Brussels is seeking to protect European automakers from aggressive competition from Chinese rivals. The European Union threatened on Wednesday, June 12, to hit Chinese electric car imports with tariffs of up to 38% from next…
Europe wants affordable electric vehicles from China. But not at the cost of its own auto industry
FRANKFURT, Germany — The European Union moved Wednesday to hike tariffs, or import taxes, on electric vehicles made in China. EVs are the latest flash point in a broader trade dispute over Chinese …
China’s fast fashion, globally popular shopping apps prove boon to Shenzhen’s e-commerce sector
Recognising the industry’s role in boosting China’s economy, the State Council gets behind a new plan to help e-commerce-related enterprises ‘go global’ and build overseas warehouses.
CHINA-BEIJING-LI XI-CUBA-DELEGATION-MEETING (CN)
Li Xi a member of the Standing Committee of the Political Bureau of the Communist Party of China CPC Central Com
EU to Slap Tariffs of Up to 48% on EV Imports From China
The European Union will impose extra tariffs on electric cars shipped from China as of next month, taking levies to as much as 48% in a move that further escalates trade tensions and adds to…
The European Union moves to hike tariffs on Chinese electric car imports, escalating trade spat
The European Union has moved to hike tariffs on Chinese electric vehicles, escalating a trade dispute over Beijing’s subsidies for the exports that Brussels worries is hurting domestic automakers.
As China’s post-Covid travel boom hits, the Middle East is where all roads lead
As travel picks up again in the post-pandemic era, more Chinese tourists are abandoning Western destinations When Ian Sun finally began travelling again earlier this year, the Shanghainese abandoned …
China central bank promotes relending to speed up sales of housing stock
China’s central bank on Wednesday held a meeting to promote its financial support for affordable housing in a bid to accelerate sales of unsold housing stock, as a property crisis threatens growth in the world’s…
Europe will hit China’s EV exports with tariffs as high as 38%
Chinese electric vehicles like Nio’s ET5 and EP9 will be slapped with new tariffs on their way into Europe.The regulatory arm of the European Union said Wednesday that it would move to impose new …
EU to Impose Additional Tariffs on EV Imports From China
The European Union will slap additional tariffs of as much as 38.1% on electric vehicles shipped from China as of next month, escalating a global trade war and upping the cost of selling cars in…
