President-elect Donald Trump’s longstanding plans to hit China with stiff tariffs would likely deal a blow to China’s already faltering economy, but it could also trigger some unintended negative consequences for the U.
Tagged By business
Chanel’s Answer to the China Question
If you are Chanel, you hold the first mega-show of a European luxury brand in Hangzhou, China, invite about 1,100 guests, including Tilda Swinton, Lupita Nyong’o, Liu Wen and about 600 local V.I.C.’s …
China bans export of key minerals to U.S. as trade row deepens
As China responds to the latest U.S. measures by banning the export of several key minerals, one analyst warns of “a trade war that has no winners.” …
China Market Update: November Electric Vehicle Sales Roar (Silently)
Asian equities were mixed overnight as South Korea underperformed in an unexpected political development, Taiwan and Indonesia outperformed, and the US dollar was weaker overnight while Thailand was closed for the King’s birthday.
IPO Roundup: Fast Track Group, MasterBeef and more
The U.S. IPO calendar looks muted as the last month of the year starts. Compared to December, January and February have been historically stronger months for new listings. Last week, a numbers for …
GM to take $5 billion in charges for changes to China business
GM and other U.S. automakers are struggling in China amid increasing domestic competition and changing consumer behavior there.
General Motors to Take $5 Billion Charge on China Business
The charge marks the latest example of how global automakers are struggling in China as local consumers embrace electric vehicles from homegrown brands.
G.M.’s Ailing China Business Will Deal It a $5 Billion Blow
General Motors and other foreign automakers are selling fewer cars and losing lots of money in China, where domestic electric and hybrid cars have taken off.
GM signals more trouble for China’s auto market with $5 billion-plus in impairment charges and write-downs
General Motors Co.’s stock slid 2.9% early Wednesday as the auto giant’s joint-venture in China booked more than $5 billion in impairment charges and write-downs in the face of competitive price wars in that market.
Tesla EV sales plummet in Australia as China brands grow
Tesla’s Australian electric vehicle sales remain in free fall after November became the eighth-straight month of year-on-year sales decline for Elon Musk’s autogiant amid a growing wave of competition …
GM is struggling so much in China, it had to announce massive charges to fix its business
China, once GM’s largest and most important market, has become its biggest problem. General Motors told shareholders on Wednesday that it would record two non-cash charges totaling more than $5 billion on its joint venture…
GM Sees $5 Billion Hit to Restructure Troubled China Business
General Motors Co. will incur more than $5 billion in charges and writedowns tied to its troubled operations in China as the automaker tries to salvage its once-profitable business in the world’s …
Losses in China lead to $5 billion charge for General Motors as it cuts the value of its assets
The poor performance of General Motors’ Chinese joint ventures is forcing the company to write down assets and take a restructuring charge totaling more than $5 billion in the fourth quarter of this y …
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