U.S. electric pioneer Tesla is the only foerign automaker ranked among the top ten EV sellers in China this year, according to China Passenger Car Association data.
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Global automakers losing ground on China’s booming EV battlefield
U.S. electric pioneer Tesla is the only foerign automaker ranked among the top ten EV sellers in China this year, according to China Passenger Car Association data.
China’s pro-Russia stance on Ukraine conflict sets foreign investors on hot retreat
This comes as China’s uncertainty concerning the ongoing Ukraine-Russia war is scaring away the investors. Airbnb to shut domestic business in China from July 30 Besides China, Kenya has other big …
China’s Plans for Public Blockchain Opens Opportunity for This ETF
The second-largest economy is looking to leverage blockchain technology on a public platform. Enter the Blockchain-based Service Network (BSN) — it’s China’s state-backed blockchain network designed …
Crypto is dead. Long live crypto
The deepening chasm between the crypto evangelists and naysayers may never have been as stark. On Wednesday, Andreessen Horowitz, the most prominent Silicon Valley venture capital group, made a $4.5 …
Alibaba full-year profit slumps nearly 60% on tech crackdown, Covid
Chinese e-commerce giant Alibaba said Thursday its profit fell 59 percent in the last fiscal year, joining other tech firms that reported lacklustre …
China is shuttling small ships to tankers at sea to transport cheap Russian oil amid sanctions, report says
Data from Vortexa Analytics, which was cited by Reuters, said that China is set to import 1.1 million barrels per day of Russian oil brought by sea.
China’s gold imports via Hong Kong at 14-month low as lockdowns bite
China’s net gold imports via Hong Kong dropped about 59 per cent to their lowest level in 14 months in April from March, as demand in the world’s top gold consumer was sapped by a…
Chinese smartphone brands coming out of a tough ‘winter season’
The market is expected to rebound in the second half after a tough start to the year. Chinese smartphone vendors are trying to pass a”winter season,” with increased spending on research and …
Alibaba, Hit by Covid in China, Posts Slowest Revenue Growth Since IPO
The e-commerce company posted a larger net loss compared with a year before.
Report to Congress on China’s Economic and Trade Ties with Russia
The following is the Congressional Research Service In Focus report, China’s Economic and Trade Ties with Russia. From the report Two developments in February 2022—the announcement by leaders of the …
China vows all-out efforts to stabilize industrial, supply chains
China’s Ministry of Commerce (MOC) on Thursday said that the country will make all-out efforts to stabilize the industrial and supply chains of foreign trade enterprises. Logistics performance is …
Car tech firm ECARX to go public in $3.8 billion blank-check deal
ECARX Holdings Inc said on Thursday it would go public through a merger with a blank-check firm in a deal that values the automobile technology company at $3.82 billion. The deal with COVA Acquisition …
