Volkswagen’s sales in China fell by 19.3% in the second quarter, while Porsche’s dropped by 39.3%. With strong government support, Chinese EVs are thriving, weakening the competitiveness of imported …
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China Imposes 11 Million Yuan Fine Over Food Safety Scandal
China fines Sinograin and six other firms a total of 11 million yuan for using fuel tankers to transport cooking oil, rekindling fears about food safety. An investigation found severe use of unclean …
China’s PDD shares slide after weak consumer spending dents revenue
China’s PDD Holdings missed market estimates for quarterly revenue on Monday, as reduced consumer spending dented business at its domestic e-commerce platform Pinduoduo, sending the company’s shares …
Din Tai Fung to close 14 China outlets amid weak consumer spending
TAIWANESE dumpling chain Din Tai Fung will close more than a dozen stores in mainland China, a market that’s seen a brutal price war among restaurants to lure increasingly frugal Chinese consumers.
China threatens to take ‘necessary measures’ over U.S. sanctions
Beijing is threatening to take “necessary measures” against the United States over the Biden administration’s move last week to sanction dozens of Chinese companies over their alleged support of Russia’s war.
As China upgrades its androids, is ‘more human than human’ on the horizon?
China’s humanoid robot market, fuelled by policy and investment, could become enormous sector as technology matures Shortly after the release of Alien: Romulus – the new film in a science fiction …
Korea’s exports to China could drop by 6% if Trump introduces tariffs, BOK warns
The latest report from the Bank of Korea (BOK), released Monday, suggested that Korea’s export growth to the world’s second-largest economy might not rebound to its previous robust levels, as China’s …
Passed the peak? China’s crude oil imports trend down
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 …
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 …
China-Russia Financial Alliance: Rising Interest in Bitcoin Across Eurasia?
China-Russia financial collaboration may open doors for Bitcoin adoption as they reduce reliance on the US dollar. The evolving alliance could boost crypto traction in Eurasia, but its global impact …
China robots conference spotlights the changing face of humanoids
China’s robotics effort is backed by President Xi Jinping’s policy of developing “new productive forces” in technology – a point made in brochures for last week’s event. Across China, the world’s …
Chinese Companies Are Exploiting Amazon Cloud Services to Evade U.S. Sanctions on AI Technology
In a complex game of technological cat and mouse, Chinese companies are reportedly leveraging cloud services to sidestep U.S. sanctions and gain access to advanced AI technologies. Despite stringent …
