China is also encouraging consumers to switch from older, less efficient vehicles to NEVs or more efficient ICE cars. This month Beijing announced an enhanced trade-in programme that will offer …
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Chinese EV maker Hozon launches latest model to boost sales ahead of Hong Kong IPO
02:21 China’s EV drive in Cuba reshapes Havana’s roads China … Hozon filed a listing application with the Hong Kong stock exchange and said it would use the proceeds from its IPO to quicken the…
IBM Shuts China R&D Operations in Latest Retreat by U.S. Companies
IBM is shutting down its China research and development department, the latest retreat from the country by top U.S. technology companies. The company is moving its China R&D functions to other …
Belgium’s UCB to sell China neurology and allergy business for $680 mln
UCB, a Belgian biopharmaceutical firm, said on Monday that it will sell its Chinese neurology and allergy business to asset management group CBC and Abu Dhabhi’s Mubadala for $680 million.
China Mobile Backs Honor with Strategic Investment
Chinese smartphone maker Honor has announced an investment from China Mobile’s parent company as it prepares for an initial public offering (IPO). The investment amount remains undisclosed. Formerly a …
China slams U.S. for adding firms to export control list over alleged support for Russian military
China on Sunday vowed action against a U.S. move to place some Chinese firms on its export control list. A China’s Ministry of Commerce spokesperson said the U.S. move “undermines the international trade order and…
German firms ramp up investment, not to miss out on China’s growth opportunities
Schumann echoed this sentiment, stating that China’s innovation leadership is gradually strengthening, and more German firms are investing strategically in the country to participate in local …
Hilton to maintain breakneck China expansion pace, targets 100 new hotels per year
China’s hotel market is expected to grow at an annualised pace of 8.9 per cent, topping US$166 billion by 2028, thanks to increasing tourism, a growing middle class, and government initiatives to …
Chinese Government Announces Extradition of Crypto Pyramid Scheme Leader
China implemented a comprehensive ban on Bitcoin and other virtual currencies, halting all crypto transactions within its borders.
China EV Maker’s Tepid Reply to EU Proves Costly in Tariff Spat
(Bloomberg) — SAIC Motor Corp.’s harsh treatment by European Union negotiators is becoming a cautionary tale of Chinese companies being ill-equipped to operate in Western business and political domains. Most Read from Bloomberg Sydney Central…
After battle with yuan bears, China is now keen to avoid sharp currency gains
China’s currency regulator, the State Administration of Foreign … Chinese banks have also been given new gold import quotas by the central bank, Reuters reported. Gold imports are usually curtailed …
‘Turn the dial up’: Kevin O’Leary calls for bringing the heat against China to ‘blowtorch temperature’
“This is basically a fight with China to get to a level playing field in trade,” he told FOX Business’ Stuart Varney on Monday, as he addressed former President Donald Trump’s proposal to impose …
‘New Oil And Gold’—Crypto Is Suddenly Braced For The ‘Most Important’ Week After A Federal Reserve-Powered Bitcoin Price Surge
Bitcoin Bitcoin has rocketed higher this week after Federal Reserve chair Jerome Powell dramatically announced the “time has come” for interest rate cuts (though some are more focused on a China bazooka). Subscribe now to…
