Beijing is inflicting pain on US firms again after a report said local EV makers were asked to ditch chips from the US in favor of domestic ones.
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China Set for Record Russian Oil Imports in March, Kpler Says
China is on track to import a record amount of Russian crude this month, bolstered by large volumes of Sokol oil which have been shunned by India due to concerns over US sanctions, according to…
UK housing market seeing spring revival as asking prices jump; China’s real estate slowdown continues – business live
Rolling coverage of the latest economic and financial news …
XPeng’s Shares Rise on Cheaper Brand Launch
XPeng’s shares rose after the Chinese electric-vehicle maker disclosed plans to launch a cheaper mass-market brand amid intensified competition in China’s EV market.The automaker’s Hong Kong-listed …
Amid fierce competition in China’s EV market, Xpeng to launch cheaper brand
Competition in China’s EV market has intensified as companies race to cut prices, with market leader BYD spearheading a deeper round of price reductions. Xpeng said it will successively introduce …
China Turns on the Charm for Foreigners but Its Allure Has Faded
China’s government is rolling out a charm offensive to lure back foreigners, part of an effort to shed years of pandemic-induced isolation that is sapping the world’s second-largest economy.It’s a …
China’s Economic Activity Rebounded Moderately
Economic activity in China rebounded moderately in the first two months of the year, as industrial production and investment growth beat market expectations.
Domestic brands make way into drivers’ top 10
Such brands, especially the German ones, are working to catch up with startups, especially in the number of new models. Audi is scheduled to unveil its first China-made model on the dedicated PPE …
Sabah expects China to boost MICE business
KOTA KINABALU: Sabah is pushing hard to bring in tourism revenue from China following the gradual recovery of the Chinese tourism market, says Datuk Christina Liew (pic). The state Tourism, Culture …
Domestic brands in China outpace foreign entrants, report finds
A growing number of foreign brands are deserting the Chinese market, as their once-dominant influence and appeal to local consumers has significantly declined since the pandemic, new Forrester …
Comer blasts Biden as ‘China first’ amid investigation of country ‘holding things over’ president’s head
Rep. James Comer (R-KY) suggested that President Joe Biden has a “China first, America last” mentality for many of his actions, suspecting the president’s alleged business dealings with China have …
China-Angola economic, trade ties boom amid presidential visit, injecting confidence for more cooperation
China-Angola economic and trade ties have entered a new stage with vast areas of cooperation to explore, ranging from oil and gas to manufacturing and trading for win-win outcomes, Chinese and Angolan …
China’s cryptocurrency investors made gains of more than US$1 billion in 2023 despite sweeping government ban
Mainland cryptocurrency investors achieved US$1.15 billion in 2023 to rank fourth behind those in the US, the UK and Vietnam, according to Chainalysis Hong Kong cryptocurrency investors realised gains …
