China’s president Xi Jinping expands CBDC cooperation at SCO, Hong Kong’s crypto licensing costs surge, and Multichain is hacked yet again.
Tagged By import
China car sales shrink 2.9 percent in June as big-ticket spending falters
China’s passenger vehicle sales fell in June, data from the China Passenger Car Association (CPCA) showed on Monday, as a stumbling economic recovery made consumers more cautious about big-ticket …
GM cuts Lyriq EV price in China by 14% as market pressures intensify
General Motors Co on Monday cut the starting price for the Cadillac Lyriq in China by almost 14%, joining Volkswagen in a new round of electric vehicle price reductions in a market where global …
GM cuts Lyriq EV price in China by 14% after VW discounts
The Lyriq, a luxury crossover based on GM’s Ultium EV architecture, is now priced from 379,700 yuan ($52,466) from 439,700 yuan ($60,784) previously.
In China, the Era of Western Carmakers Is Over
Foreign brands are losing market share to Chinese rivals, driven by local manufacturers’ lead in electric vehicles, as Beijing’s industrial policy begins to pay off.
GM Cuts Lyriq Price In China By Almost 14% As Price Wars Continue
Cadillac gets in on price war in China, with cuts of more than $8,000, but no such measures are expected in the U.S.
China’s Metal Export Restrictions Leave Traders Scrambling
In response to the potential expansion of the US’s semiconductor chip export ban, China has imposed export restrictions on two key metals, gallium and germanium.
What is behind China’s failed ‘truce’ in EV price war?
The group representing China’s auto manufacturers has retracted a pledge to avoid “abnormal pricing” that it had brokered between 16 automakers, including Tesla, breaking off a truce in a brutal price …
Established Chinese Apparel Brands Struggle to Stay Afloat, Including China’s Zara
One such brand, La Chapelle, a domestic women’s fast-fashion company nicknamed “China’s Zara,” recently began liquidation proceedings after years of financial losses. On June 20, the Shanghai …
China’s controlling a pretty awful IPO market so far this year
EY Global IPO Trends Q2 2023 shows YTD, global IPO volumes fell 5%, proceeds down 36% YOY China accounted for lion’s share after Beijing reforms Asia-Pacific continues to dominate with circa 60% share …
FDA allowing more cancer drug imports from China amid US shortage
US regulators are allowing imports of additional supplies of a cancer drug from China amid a nationwide shortage that has forced doctors to ration care, putting patients’ lives at risk. The FDA …
Column: China imports more LNG but not enough to drive spot prices
Picture taken September 4, 2018. REUTERS/Stringer LAUNCESTON, Australia, July 6 (Reuters) – China’s imports of liquefied natural gas (LNG) rose to a five-month high in June but tepid demand in the …
Argentina and Brazil replacing US as main soybean suppliers of China
According to the Chinese government, effective September 1, total import duties on US-origin yellow soybean will be 30%, and 35% on other soy varieties Amid trade tensions with the US, China’s …
ADVERTISEMENT
