Despite overcapacity, government officials keep supporting automakers, unleashing “new productive forces” and adding to trade tensions.
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China’s top liquor brand reports 15.59% profit surge in Q1
GUIYANG – Kweichow Moutai, China’s leading liquor maker, earned profits of 33.2 billion yuan ($4.67 billion) in the first quarter of 2024, up 15.59 percent year-on-year. From January to March, its …
Blockchain still a hot topic at Money20/20 Asia, along with AI, even as interest wanes in other markets
Blockchain made up about 15 per cent of the talks at Money20/20 Asia this year, just slightly below the proportion of talks on AI, as interest remains high in Asia.
China EV price war to worsen as market share takes priority over profit, hastening demise of smaller players
China’s automotive sector braces for an escalating price war, and the intensified scramble for market share could hasten the closure of unprofitable laggards.
BMW to invest a further $2.76 billion in key market China
BMW said on Friday it planned to invest an additional 20 billion yuan ($2.76 billion) in its Shenyang production base in China, in a sign of the premium carmaker’s “unwavering commitment to the Chinese market”.
China is rapidly expanding its influence in our backyard and US must act now
The four of us represent different regions across the country. But we all know that the U.S. must help develop our hemisphere for more substantial and lasting cooperation.
China’s top liquor brand reports 15.59 pct profit surge in Q1
GUIYANG, April 27 (Xinhua) — Kweichow Moutai, China’s leading liquor maker, earned profits of 33.2 billion yuan (about 4.67 billion U.S. dollars) in the first quarter of 2024, up 15.59 percent year …
European Parliament approves new regulation enabling prohibition on sale, import, export goods using forced labour, move targets China
In a move targeting China, the European Parliament has given its final approval to a new regulation enabling the EU to prohibit the sale, import, and export of goods made using forced labour.
Chinese cornerstone investors are new pillars of Hong Kong IPOs and it’s not all good news
Chinese local government entities have carried the mantle of cornerstone investors in first-time stock offerings in Hong Kong in the past two years as foreign investors shun deals. Their outsize role …
U.S. and China to Hold First High-Level Talks on Artificial Intelligence
Discover the latest developments as the U.S. and China prepare for their inaugural high-level talks on artificial intelligence.
Antony Blinken Says US Chip Ban Doesn’t Mean ‘Cutting Off Trade’ Or ‘Holding Back China’
U.S. Secretary of State Antony Blinken clarified that U.S. export controls aim solely to limit access to sensitive technology that could threaten national security, not to hinder China’s economic or …
Daigou were once ‘make-or-break’ for Australian brands in China – where are they now?
Daigou, or personal shoppers for mainland Chinese consumers, used to account for billions of dollars of products sold by Australian businesses.
China Industrial Profits Drop as Demand From Overseas Stalls
China’s industrial companies’ profits fell in March as exports flagged and deflationary pressures persisted, suggesting the economy’s stronger-than-expected growth early this year might be tough to …
