Nearly three-quarters of China’s foreign car sales are the old-fashioned internal combustion ones. Innovative EVs eventually may play a bigger role in exports.
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Expert warns Biden’s Camp David summit is one of ‘very few plans left’ over China threat
While China and North Korea pose “real risk” of military conflict, Jonathan D.T. Ward argues the U.S. must win the economic competition against the “deeply intertwined” states.
US tightens export controls of nuclear power items to China
The Biden administration has tightened controls on the export of materials and components for nuclear power plants to China, saying it would ensure the items were used only for peaceful purposes and …
Lawmakers Urge Against Export Controls Working Group With China
Republican lawmakers are warning Commerce Secretary Gina Raimondo not to let China weigh in on US export controls during her upcoming trip to Beijing, where she may announce a working group with her …
If China is in a Recession What Does That Mean for U.S. Ag Exports?
This may already be spilling over to the U.S. commodity sector in the form of weaker export demand. On Tuesday, the People’s Bank of China lowered the rate on medium-term lending facility loans 15 …
North Korean taekwondo athletes spotted in Beijing, marking country’s first delegation sent abroad since COVID
North Korea has sent its first delegation abroad since the country shut down its borders during the pandemic. A group of Taekwondo World Championships competitors were seen in Beijing.
China’s Real Estate Giant Evergrande Files for US Chapter 15 Bankruptcy Protection
One of the biggest players in the Chinese real estate market, property developer Evergrande Group filed for U.S. Chapter 15 bankruptcy protection on Thursday, fueling fears of a deepening property crisis in China.
Analysis-China’s EV makers face cost and consumer challenges to conquer Europe
China’s electric vehicle (EV) makers, which have raced past foreign rivals to top sales rankings at home, are arriving in Europe – and facing a new set of challenges.Stereotypes of Chinese …
China’s ‘Lehman moment?’ Big investment firm misses payments
becoming even more cautious with business expansion decisions, the Nomura analysts added. On Tuesday, official data indicated another month of tepid growth in China. Consumer spending, factory production and investment in fixed assets all slowed…
Estée Lauder Swings to Loss on Weakened China Business
The company’s quarterly sales took a hit from softening sales in North America and a slower-than-expected rebound in its Asia travel retail business.
Stock markets face a ‘perfect storm’ as high rates and China fears bite, analysts warn
Stock markets were hit with a “perfect storm” this week as concerns about a Chinese economic slowdown and persistently higher U.S. interest rates rattled global sentiment.
Evergrande seeks US court nod for $32 bln debt overhaul as China economic fears mount
Embattled developer China Evergrande Group has filed for bankruptcy protection in a U.S. court as part of one of the world’s biggest debt restructuring exercises, as anxiety grows over China’s worsening property crisis and a…
Analysis: No clear winner in U.S., China contest in the Pacific
The United States opened international aid offices in the Pacific Islands this week, bolstering support for the strategic region and pitting it more forcefully against China, which has been providing infrastructure loans to the area…