China’s government is done with watching the country’s car industry going at war with itself. Officials are concerned that the ongoing EV price war threatens the nation’s economic growth and is …
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Everything You Wanted to Know About China’s Auto Industry Takeover
Does Tesla have a future? Where are the cheap US electric vehicles? How rapidly are Chinese EVs taking over the globe? Here’s what we know.
High tariffs drive China imports down to a 16-year low. But U.S. trade deficits are still as big as ever.
High tariffs on China-made products drove U.S. imports from the world’s second-largest economy to a 16-year low in June — yet the dramatic shift hasn’t put a big dent in America’s overall trade …
Trade deficit narrows as imports fall in June
The Commerce Department reported Tuesday that the U.S. trade deficit with China fell to $9.5 billion in June, marking its narrowest in 20 years. The trade deficit with China has declined for five …
Pakistan, China partner on donkey meat exports
Pakistan is collaborating with China to begin exports of donkey meat and hides, opening a new and unexpected chapter in agricultural trade. The Ministry of National Food Security and Research (MNFSR) …
Bank of China Hong Kong tests 1,500 e-HKD transactions as CBDC project advances
BOCHK completed 1,500 e-HKD test transactions as Hong Kong’s stablecoin rules took effect on August 1, boosting digital currency adoption.
Xi Jinping hits Trump where it hurts – US struggles to build weapons as China blocks rare earth exports
China’s restrictions on rare earth metal exports are creating a crisis for the US defense industry, impacting production of critical military equipment. American defense firms are facing shortages and …
Sunwoda Taps Hong Kong IPO for Funding to Survive China’s Brutal EV Battery Price War
One such player hoping to survive the shakeout is Sunwoda Electronic Co. Ltd., which aims to tap global investors for cash with a planned IPO. Last week the company filed a preliminary prospectus for …
Asia’s Coal Imports Dip as China and India Cut Purchases
Asia’s thermal coal imports fell nearly 8% in July year-on-year as China and India cut overseas purchases in favor of rising domestic supply and weakening demand.
China’s BrainCo Seeks Pre-IPO Funding at $1.3 Billion Valuation
AsianFin — BrainCo, a Chinese brain-computer interface (BCI) startup aiming to rival Elon Musk’s Neuralink, is in talks to raise about $100 million in pre-IPO funding at a valuation exceeding $1.3 …
China’s Iran Oil Imports Drop in July as Demand Ebbs, Kpler Says
China’s imports of Iranian crude contracted by almost a third last month, in part due to subdued demand from private refiners after they saw higher shipments in June.
Trump Blames India For Russian Oil Trade, But What About China’s $62 Billion Imports, Asks GTRI
US President Donald Trump has been unfairly targeting India over Russian oil imports, while choosing not to criticize China, according to a recent report by the Global Trade Research Initiative (GTRI) …
‘Made in China’ gets high-tech makeover via design innovation
The impact of design innovation is also extending beyond consumer markets into high-end equipment and industrial systems. At the China International Supply Chain Expo held last month in Beijing, a new …
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