GM is making a similar play in China, with Baojun as the Chevy. “If the smaller cities are growing faster than major cities, we’re positioned for it,” says GM President Dan Ammann. “We’re the only…
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China’s Li says German companies welcome amid US trade spat
That is one area in which Washington and Berlin agree China is violating its free-trade commitments. Merkel was accompanied by an 18-member business delegation representing chemicals, pharmaceuticals, auto manufacturing and other industries. Li repeated ……
How Alibaba Helps US Brands Reach a Half-Billion China Consumers
If you think of China solely as a manufacturing hub you’ve missed major economic shifts in the country and its population of 1.3 billion. China’s consumption economy is booming. The country’s middle class is already…
Tesla Set To Win Big As China Slashes Car Import Tariffs
Amid easing of tensions in the U.S.-China trade dispute, China is slashing its import tariffs on cars and car parts from July 1 in what could be a boon to auto manufacturers without local production…
How Alibaba Helps U.S. Brands Reach a Half-Billion China Consumers
If you think of China solely as a manufacturing hub you’ve missed major economic shifts in the country and its population of 1.3 billion. China’s consumption economy is booming. The country’s middle class is already…
Foxconn unit to raise $4.2bn in China IPO
A unit of electronics manufacturing giant Foxconn said it will launch an initial public offering in China on Thursday aimed at raising $4.2 billion, in the biggest mainland debut in nearly three years. Taiwan´s Foxconn…
Fujian ramping up efforts to strengthen homegrown brands
[Photo/Xinhua] As China calls for higher-quality development, Fujian province is ramping up its efforts to enhance homegrown brands amid the country’s broader push to build awareness of its own products. At the first Exposition on…
Tesla trims up to $14,000 off Model X in China after tariff cuts
China said on Tuesday it will cut import tariffs for automobiles to 15 percent from 25 percent, a fillip for premium car brands like Tesla and BMW (BMWG.DE) which import a significant number of vehicles.…
China cutting auto import taxes as of July 1
Beijing used tariffs and other curbs over the past three decades to prod global auto brands to shift production to China and help develop the local industry. China is the world’s biggest auto market by…
China’s move to cut tariffs won’t help U.S. carmakers
China’s move to reduce tariffs on imported cars to 15 percent makes little difference to U.S. automakers. Traditional Detroit brands like Lincoln and Jeep collectively exported fewer than 100,000 vehicles to China last year. The…
Bank of China partners Qoo10 to launch new co-brand Mastercard credit card
Bank of China Singapore Branch (BOCSG) has launched a co-brand Mastercard credit card with Singapore’s largest online retailer Qoo10. Bank of China Singapore Branch (BOCSG) has launched a co-brand Mastercard credit card with Singapore’s largest…
Foxconn’s unit targets raising $4.3 billion in biggest China IPO since 2015
TAIPEI/SHANGHAI (Reuters) – Foxconn Industrial Internet (601138.SS), a subsidiary of the world’s largest contract manufacturer Foxconn (2317.TW), announced plans to raise up to 27.1 billion yuan ($4.26 billion) in what will be mainland China’s biggest…
Foxconn unit aims to raise $4.3 billion in biggest China IPO since 2015
TAIPEI/SHANGHAI (Reuters) – Foxconn Industrial Internet (601138.SS), a subsidiary of the world’s largest contract manufacturer Foxconn (2317.TW), said it plans to raise 27.1 billion yuan ($4.26 billion) in what will be the biggest Chinese initial…
