Supply-chain disruptions, high raw-material costs and a power crisis have had an outsized impact on SMEs that were already struggling to stay afloat during the pandemic.
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Lincoln Zephyr for China puts brand back in the sedan game
Lincoln has resurrected a historic nameplate and returned to the sedan segment. Designed only for China, the Zephyr is aimed at young buyers.
China Evergrande EV Unit to Raise $347 Million From Share Sale to Fund Production
Earlier this month, the EV business announced plans to raise HK$500 million to fund production of cars made by its Hengchi brand. China Evergrande, the world’s most indebted developer, has been …
Global Debut of SALOON Brand – GWM Becomes the Focus of Auto Guangzhou (GIAE) 2021
On November 19, the SALOON brand of GWM made its global debut at the 19th GIAE, along with the first high-performance all-electric vehicle. Meanwhile, several new models of HAVAL, GWM pickup, TANK, …
EXCLUSIVE China FX regulatory body proposes cap on banks’ prop trading
Market analysts and economists attributed the yuan’s strength to China’s growing trade surplus – generated in part by an export boom during the pandemic – steady capital inflows and a glut of dollars …
Column: China draws on crude oil inventories amid weak imports, strong processing: Russell
A rebound in China’s crude oil processing in October coupled with a sharp drop in imports of the fuel means the world’s biggest crude buyer is back to drawing down inventories.
Turbulent times for China’s Big Tech is far from over
China’s tumultuous internet industry braced itself for another roller coaster ride when the Ministry of Industry and Information Technology.
Cryptocurrency roundup: China doubles down on crypto-ban
The plan is aimed at providing funds needed for major infrastructure projects, and US politicians added crypto-related provisions to the text before its passage, according to cryptocurrency website …
SenseTime gets go ahead for Hong Kong IPO – sources
HONG KONG (Reuters) -Chinese artificial intelligence startup SenseTime Group has received approval for an initial public offering in Hong Kong, according to two sources with direct knowledge of the …
China’s top trade negotiator Liu He meets foreign business dignitary in Beijing for first time in two years
China’s top trade negotiator has publicly hosted a visiting foreign business guest in Beijing for the first time since the pandemic began, amid growing debate over the country’s zero-Covid approach …
Niko Partners cuts forecast for China’s game market
Niko Partners has cut its forecast for China’s video game market for the first time in 20 years due to a weakening outlook.
Oatly opens its first factory in China
Oatly Group AB, the Swedish original and largest oat drink company, opened its first factory in China on Thursday, given the market’s increasing demand for healthy and plant-based food, as well as its …
China to meet ‘challenges’ to giant Belt and Road Initiative
China will strengthen risk prevention and control in its giant Belt and Road Initiative (BRI) infrastructure project linking the country to the rest of the world, state media quoted President Xi …
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