Many Chinese companies do business in the United States, as do American companies in China, across all sectors. Hundreds of billions of dollars in goods and services are exchanged annually that …
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Stellantis Gets Out of Jeep-Building JV in China
Stellantis is winding down its partnership with GAC Group, and the joint venture that built Jeeps in China. The company will import Jeep vehicles into the country, although did not say when that would …
China’s Belt And Road Focuses On New Eurasian Trade Routes Due To Ukraine War
With Western sanctions against Russia keeping international companies away, Chinese shipping routes across Eurasia are bypassing the country and looking at underused southern networks to move goods to …
Our Supply Chain ‘Irreplaceable’ Despite India, Vietnam Says China
As India plans to become a global manufacturing hub, a contract manufacturer of major Chinese smartphones here has said that while it becomes an “inevitable trend” for smartphone and other tech …
Lotus completes billion dollar factory in China, rolls first all-electric Eletre off assembly line
Sport and racing car manufacturer Lotus Cars announced it has officially completed its $1.2 billion production facility in Wuhan, China where several of the company’s future BEVs will be built. The …
In China, Apps Are Out—Infrastructure Is In
Recently, in Shanghai’s gritty industrial district, venture capitalist Ian Goh put on a gas mask to observe robots pack exactly 40 kilograms of wheat flour into each bag. It was all part of his due…
Stellantis terminates Jeep joint venture with GAC in China after failed takeover attempt
Both parties have admitted to tremendous difficulties with Jeep’s business operations in China, which has seen losses in recent year (Perhaps because drivers in China don’t want a gas guzzling …
China raises loan-support efforts for developers amid mortgage boycott
Chinese regulators stepped up efforts to encourage lenders to extend loans to qualified real estate projects as the beleaguered property sector faced fresh risks from a widening mortgage-payment …
Stellantis to end Jeep production in China after failing to take control of GAC joint venture
It also represents a shift in Stellantis’ China strategy … are unlikely to turn their business around because electric vehicles are increasingly well received by mainland consumers,” said …
China’s Fuel Exports Plunge
China’s exports of gasoline and diesel slumped in the first half of 2022, per customs data out on Monday, as Chinese authorities continued to work to reduce overseas sales of fuels and allocated lower …
China GDP Slows to .4%, What Does that Mean for Future Demand?
China’s National Bureau of Statistics reported second quarter GDP was only up .4% from a year ago. That was less than expected and slowed sharply from the 4.8% growth in the first quarter. It’s a…
The Biden Administration Needs to Pass The USICA and Get Tougher On China
Passing the USICA is necessary in order for the U.S. to be able to compete with China economically and for President Biden to demonstrate that he is willing to stand up to China, especially in…
Burberry Sales Up 5% on ‘Encouraging’ China Recovery
Burberry sales showed strength in the first quarter, with comparable store sales up 16 percent outside of Covid-hit China. In a Nutshell: The British luxury brand maintained its medium-term guidance, …
