The German auto giant bought a stake in Chinese rival XPeng after praising the dynamism and innovation of local automakers.
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Intelligence report accuses China of acting as sanctions backdoor for Russia
Russia has remained under strict Western sanctions since the start of the invasion of Ukraine, but China has cooperated and assisted Russia in a number of ways to dodge punishment.
Russia’s economic isolation from the West is deepening its China dependency – car imports from the Asian nation shot up 540%
Russia is now the biggest importer of Chinese cars in the world, reflecting the country’s growing economic dependency on its neighbor amid Moscow’s deepening isolation from the West.
China Focus: More new enterprises tapping China’s import expo
More new overseas enterprises will participate in the sixth China International Import Expo CIIE slated to be held in Shanghai f …
Hydropowered crypto mining gets nod from Kyrgyz president: Report
Kyrgyz President Sadyr Japarov reportedly gave a nod to building a crypto mining farm at a hydroelectric power plant amid the country imposing state of emergency …
Global automakers scramble to reset China strategies as sales slow
For foreign automakers in China, it is time to double down on a turnaround or cut losses after ceding their leadership of the world’s biggest auto market to local, upstart brands.
Apple only brand to grow in China as smartphone market slips 5% in 2Q23: Canalys
Canalys: Smartphone shipments in Mainland China fell by 5% year-over-year to 64.3 million units in Q2 2023, as per the research firm.
Foldable phones help this brand beat Apple in the world’s biggest smartphone market
Apple was dethroned from the first spot in China as Vivo, Oppo emerged on top. Apple remains one of the very few smartphone brands to not have a folda …
India and China Lead the Charge in CBDC Adoption, Finds CFA Institute Survey
CFA Institute survey reveals that India and China lead in CBDC interest, driven by the pursuit of financial inclusion and stability …
Survey Finds CBDCs Have Limited Support in Global Investment Industry – Crypto Increasingly Accepted and Embraced by Industry
While emerging countries are open to Central Bank Digital Currencies (CBDC), developing countries remain closed off the CBDCs.
China’s missing ex-minister reveals the limits of Xi Jinping’s power
When Tesla CEO Elon Musk visited Shanghai in May 2023, Qin told him that the Chinese government would continue to offer a friendly business environment to foreign companies. Qin assured Musk that China would continue…
Yen jumps as BOJ shocks; China stocks gain on stimulus hopes
The yen gained in volatile trade on Friday and stocks and bonds dropped in Tokyo after the Bank of Japan made another …
Sanctions on China, Export Controls on Rare Earths for the U.S.: Two, It Turns Out, Can Tango
If Washington intended to bully Beijing economically and indefinitely, July 3 was a rude awakening. That’s when China announced export controls on two, vital rare earth metals, germanium and gallium.
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