Recently, in Shanghai’s gritty industrial district, venture capitalist Ian Goh put on a gas mask to observe robots pack exactly 40 kilograms of wheat flour into each bag. It was all part of his due…
Tagged By business
Stellantis terminates Jeep joint venture with GAC in China after failed takeover attempt
Both parties have admitted to tremendous difficulties with Jeep’s business operations in China, which has seen losses in recent year (Perhaps because drivers in China don’t want a gas guzzling …
China raises loan-support efforts for developers amid mortgage boycott
Chinese regulators stepped up efforts to encourage lenders to extend loans to qualified real estate projects as the beleaguered property sector faced fresh risks from a widening mortgage-payment …
Stellantis to end Jeep production in China after failing to take control of GAC joint venture
It also represents a shift in Stellantis’ China strategy … are unlikely to turn their business around because electric vehicles are increasingly well received by mainland consumers,” said …
China’s Fuel Exports Plunge
China’s exports of gasoline and diesel slumped in the first half of 2022, per customs data out on Monday, as Chinese authorities continued to work to reduce overseas sales of fuels and allocated lower …
China GDP Slows to .4%, What Does that Mean for Future Demand?
China’s National Bureau of Statistics reported second quarter GDP was only up .4% from a year ago. That was less than expected and slowed sharply from the 4.8% growth in the first quarter. It’s a…
The Biden Administration Needs to Pass The USICA and Get Tougher On China
Passing the USICA is necessary in order for the U.S. to be able to compete with China economically and for President Biden to demonstrate that he is willing to stand up to China, especially in…
Burberry Sales Up 5% on ‘Encouraging’ China Recovery
Burberry sales showed strength in the first quarter, with comparable store sales up 16 percent outside of Covid-hit China. In a Nutshell: The British luxury brand maintained its medium-term guidance, …
Tesla Made Up Almost Half Of China’s NEV Exports In H1 2022
Tesla shipped 97,182 vehicles from Giga Shanghai in the first half of the year, while China’s total NEV exports amounted to 202,000.
China’s ‘Zero COVID’ Policy Is Hurting Its Semiconductor Dreams
Since the chips business was already fraught due to the shortage of semiconductors, the coronavirus lockdown has been a double blow to China’s IC industry. In response to the industry’s …
Intel, others seek weaker China rules in chips bill
Chipmaking giant Intel and its peers have been pressing lawmakers to not constrain their business in China as they authorize billions of dollars in subsidies for the firms to produce computer chips in …
Major US Tech Companies Decide to Bid Adieu to China
Tech companies are leaving China in droves, and the ones that are staying are struggling to make sense of the local juggernaut.
Stellantis Terminates Joint Venture With GAC In China, Will Start Importing Jeeps Instead
As reported by Reuters, a Stellantis spokesperson said: “We came to the conclusion that it was better to close the joint venture”, describing it as a money-losing business. Despite the termination, …
