Shares of United States Steel (NYSE:X) rose +2.53% premarket, with President Joe Biden set to call on the U.S. Trade Representative to triple tariffs on Chinese steel and aluminum imports. The President will visit the United Steelworkers headquarters in Pittsburgh on Wednesday,
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Russia and China Evade Sanctions by Trading Copper Disguised as Scrap
Russia has been exporting newly-made copper rod to China disguised as copper scrap in recent months—a new trade avenue for the two regimes that has been evading Western sanctions on Russian copper and export and…
VW Unveils New China EV Software in Bid to Regain Lost Ground
Volkswagen AG will roll out a new digital architecture to make its electric vehicles more appealing in China, where it has fallen behind local champion BYD Co.
Canton Fair: China’s new energy exporters abuzz as orders swell, threat of trade curbs looms
Buyers and exhibitors of new energy equipment at the Canton Fair are showing boundless optimism as orders rise, but measures likely to be taken against the industry by the US and EU could spoil the…
Crises Threaten China’s Booming Energy Storage Market
Clear policy guidance and strong renewables growth make energy storage a rising star in China. Yet, despite rapid growth, crises has arrived much earlier than expected.
China plays up Alibaba, Shein’s role in promoting cross-border e-commerce at ‘digital silk road’ forum, as exports rise
At the Digital Silk Road Development Forum in Xian, Alibaba and Shein were praised for helping advance the country’s booming cross-border e-commerce sector.
U.S., Microsoft elbow China’s AI in Gulf
Catch up quick: G42 is chaired by UAE’s most senior security official, Sheikh Tahnoon bin Zayed, and backed by the country’s sovereign wealth fund, Mubadala. It has a track record of spreading its …
China Is Battening Down for the Gathering Storm over Taiwan
Chinese war drums beat on as pundits hotly debate if or when Beijing will try to seize Taiwan by force. There is no apparent countdown to D-day for …
Japan Inc makes a renewed U.S. push as China fears mount
Japanese companies are increasingly hitching their growth plans to the United States, as concerns about Chinese demand and Beijing’s influence over supply chains prompt a noticeable pivot toward the …
Australia-China Business Forum Unveils Second International Supply Chain Expo in Sydney
On April 15th, during the visit of a Chinese business delegation led by Ren Hongbin, Chairman of the China Council for the Promotion of International Trade (“CCPIT”), to Australia, the Australia-China …
China’s JD.com ramps up AI use on its platform as founder Richard Liu Qiangdong debuts avatar in live-streaming sessions
Richard Liu Qiangdong’s avatar is expected to host more live-streaming shows in the future, as JD.com touted that its AI-powered virtual streamers cover more than 4,000 brands.
Chevy Dealers In China Had The Highest Days Supply In March 2024
Chevy inventory at Chinese dealerships ballooned to 113 days supply in March 2024 as Bow Tie sales continued to falter, the highest days supply of any brand.
China Media Touts Economic Growth, Hails Ties With Germany
Chinese state media touts the economy’s strength after the release of first-quarter GDP figures, and has glowing coverage of German Chancellor Olaf Scholz’s visit. Get insight into some of the top stories in mainland Chinese…
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