For a long time, the BRICS countries have been trying to move away from the dollar, but creating a common currency has not been possible, due to the dominance of China’s economy within the group,…
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China’s BYD slows down plans for EV factory in Vietnam, industrial park says
Chinese electric vehicles maker BYD has slowed down its plans to build an EV factory in Vietnam, a manager of the industrial park where the plant would be built told a shareholders meeting on Thursday…
China will be a driving force for the world economic recovery, official says
By Liangping Gao and Kevin Yao BOAO, China (Reuters) -China aims to be strong driving force for the world economic recovery this year, opening its markets wider to foreign investors and promoting high …
Asia crude imports surge as China, India snap up Russian oil: Russell
Asia’s imports of crude oil are expected to rise to the highest in 10 months as heavyweights China and India lifted arrivals from Russia, but impending maintenance schedules and rising prices mean …
China’s WuXi AppTec shared US client’s data with Beijing, US intelligence officials told senators
The U.S. government is concerned that certain Chinese biotech companies are contributing technology or research and development for use by China’s military, and the proposed legislation would restrict …
World Street | China returns to court US Inc, billions in blues over Baltimore bridge, Bankman-Fried sentencing
Chinese leader Xi Jinping met American CEOs to revive foreign interest in China once again. Troubled EV startup Fisker slashed car prices to boost the demand, while former crypto boss Sam …
Upside seen to Alibaba’s scrapped Cainiao IPO
The tech heavyweight said late Tuesday that Cainiao had withdrawn its IPO plans and listing application on the Hong Kong stock exchange. Alibaba, which holds a 64 percent stake in Cainiao, said it …
China’s Xi meets with U.S. business leaders, calls for closer ties
China’s nationalist leader, Xi Jinping, called for closer trade ties with the U.S. during a meeting on Wednesday with top American business leaders …
KuCoin Eyed Business Sale, Woes Compounded By China’s Probe: Report
Kucoin exchange was charged by the US DOJ earlier but reports indicates an ongoing Chinese probe and sale consideration …
US accuses China of distorting net zero costs with cheap imports
China is clawing a greater share of the electric vehicle market away from European rivals as new figures suggest a quarter of EVs sold within the EU this year will come from the country.
The flying AirCar backed by internet star MrBeast is taking off to China
Just like with electric vehicles, Chinese manufacturers are trying to get ahead of the curve when it comes to flying car technology. Slovakia-based KleinVision, which makes the AirCar, announced …
American CEOs are ‘naive’ about doing business with China: Christian Whiton
Former State Department Official Christian Whiton explains why U.S. business leaders are meeting China’s Xi Jinping in Beijing on ‘Varney & Co.’ …
China Lilang Stitches Together Growth From New Retail, Casual Wear Combo
China Lilang’s revenue rose 14.8% last year to 3.54 billion yuan, while its profit jumped by 18.4% to 530 million yuan The menswear maker is exploring opening overseas stores as it considers expanding …