German sports car maker Porsche on Friday posted a 29% nine-month sales drop in China, joining peers BMW and Mercedes in reporting weaker results in the country.
Tagged By beijing
Porsche’s China Sales Plunge as Electric Taycan Falls Flat
Porsche AG’s sales plummeted in China during the third quarter as a decline in luxury spending and a shift to local electric brands in Asia’s biggest economy weighed on Europe’s high-end carmakers.
The US Navy is burning through missiles in the Middle East that it would need in a war with China
Conflicts in the Middle East have raised concerns about the stockpiles of key interceptors the US would need in a high-end fight.
Taiwanese Employees of Apple Supplier Detained in China
Taiwan’s government said that they had been accused of a breach of trust, but that their employer, Foxconn, had denied the company suffered any losses.
China defiant over South China Sea skirmishes in ASEAN talks, blames meddling by foreign forces
Southeast Asian leaders have stepped up pressure on China to respect international law following clashes in the disputed South China Sea.
China Economic Spillovers to Asia Hinge on Property, Nomura Says
China’s spillovers to Asian nations have weakened over the past few years and how Beijing deploys an expected fiscal boost will be critical to whether their exports to the world’s No. 2 economy revive …
Trump-Themed PoliFi Tokens Buck Bitcoin Downtrend as China Stimulus Hopes Return
Trump’s odds of winning the U.S. presidential election have surged to a more than two-month high. Plus, the market is stagnant despite hopes of another round of stimulus in China.
China Seeks Emissions Data From Ships as Trading System Expands
Authorities in China have started to ask some overseas shipowners to report on their carbon emissions, highlighting greater scrutiny of the industry as the regulatory framework shifts. The requests …
China detains iPhone maker workers in ‘strange’ case
Chinese police have detained four workers of the Taiwanese iPhone maker, Foxconn, in circumstances Taipei has described as “strange”. The employees were arrested in Zhengzhou in Henan province on …
Blinken tells ASEAN the US is worried about China’s ‘dangerous’ actions in disputed sea
U.S. Secretary of State Antony Blinken told Southeast Asian leaders Friday that the U.S. is concerned about China’s “increasingly dangerous and unlawful” activities in the disputed South China Sea …
China Cannot Represent Taiwan and Should Work With Taipei on Global Challenges, Lai Says
TAIPEI (Reuters) -China has no right to represent Taiwan, but the island is willing to work with Beijing to combat challenges like climate change, Taiwan President Lai Ching-te said on Thursday, …
Gauff vs. Linette Prediction: WTA Wuhan, China Women Singles 2024 2024
In the quarterfinals at the WTA Wuhan, China Women Singles 2024 on Thursday, Coco Gauff (ranked No. 4) takes on Magda Linette (No. 45). Watch tennis, other live sports and more on Fubo. Use our…
China Investors Expect $283 Billion of New Stimulus This Weekend
China may deploy as much as 2 trillion yuan ($283 billion) in fresh fiscal stimulus as Beijing seeks to shore up the world’s No. 2 economy and boost confidence, investors and analysts said.
