China, once GM’s largest and most important market, has become its biggest problem. General Motors told shareholders on Wednesday that it would record two non-cash charges totaling more than $5 billion on its joint venture…
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GM Sees $5 Billion Hit to Restructure Troubled China Business
General Motors Co. will incur more than $5 billion in charges and writedowns tied to its troubled operations in China as the automaker tries to salvage its once-profitable business in the world’s …
Losses in China lead to $5 billion charge for General Motors as it cuts the value of its assets
The poor performance of General Motors’ Chinese joint ventures is forcing the company to write down assets and take a restructuring charge totaling more than $5 billion in the fourth quarter of this y …
European Business Groups’ Surveys Find Rising China Challenges
British and German firms in China are having a tougher time doing business and worry about the outlook for next year, according to two new surveys.
Bybit crypto exchange says mainland Chinese can trade through VPN, but not with yuan
Bybit CEO Ben Zhou says the company plans to reapply for a Hong Kong licence next year even though regulators bar selling crypto to mainlanders.
Before DOGE, Ramaswamy spent years attacking Musk for ties to China
Vivek Ramaswamy, the co-chair of the proposed Department of Government Efficiency alongside billionaire Elon Musk, has a lengthy history of attacking his partner’s ties to China, frequently referring …
China’s services activity expansion dampened by ‘trade environment’ concerns: Caixin PMI
Caixin/S&P Global services purchasing managers’ index aligned with the official gauge, which also showed China’s non-manufacturing activity weakened last month.
Australia’s Lynas near 3-week high after China bans export of critical minerals to US
Shares of Australia’s Lynas Rare Earths climbed to a near three-week high on Wednesday, a day after China banned exports of some critical mineral to the United States.
The 9 pacts that China and Nepal signed as KP Sharma Oli met Xi Jinping in Beijing
Even though Nepal and China signed nine pacts during Nepali Prime Minister KP Sharma Oli’s visit to China, none of the pacts were new and no new investments announcements have been made so far
China’s industries warn US chips no longer safe amid rising trade tensions
China and the US have targeted each other’s economies in the last few days, escalating tensions even before U.S. President-elect Donald Trump returns to the White House in January
China hits back at Biden’s chip restrictions by banning shipments of key materials to the US
China’s Ministry of Commerce said it would immediately halt exports to the US of materials that could be used for both civilian and military purposes.
Analysis-Indian steel mills feel crunch from cheap Chinese imports
India’s construction boom with its gleaming highrises and multilane highways was supposed to drive up domestic steel sales, but Jogindra Group’s mills in northern Punjab state are filled with unsold inventory.
Foreign espionage agencies exploit crowdsourcing for covert intelligence gathering in China: MSS
China’s Ministry of State Security revealed on Wednesday that … devices and request them to set up peer-to-peer wireless networks. These networks, powered by blockchain and wireless communication …
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