Beijing is an economic power in most of the region, but it can’t compete with the long-established U.S. business presence.
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Japanese brands top list of used vehicles’ value in China
Four out of the top five carmakers in terms of their used gasoline vehicles’ retention value were Japanese ones, according to a J.D. Power China report released on Tuesday. A vehicle’s retention value …
Xi Jinping’s Rising Power Forces China’s Wealthiest To ‘Execute Their Fire Escape Plans’
China’s wealthiest are pulling the trigger on exit plans amid rising pessimism building on the future of the world’s second-largest economy after Xi Jinping clinched another five-year term for himself …
A new definition of crypto comes from the IRS — Law Decoded, Oct. 17-24
From the IRS’ broadened definition of crypto to the legalization of crypto trade in Hong Kong — all the major news in regulation from last week.
Meet Changpeng Zhao, the CEO of Binance and the richest man in crypto, who worked at a gas station before making his $30 billion fortune
Changpeng Zhao worked at McDonald’s in his teens, and isn’t known to indulge in cars, luxury watches, or many of the usual billionaire trappings.
Asian shares mostly lower on worries over China outlook
Shares were mostly lower Tuesday in Asia as markets remained jittery over the outcome of a Communist Party congress in China, where key reformers were excluded from the highest ranks of ruling party …
China releases economic data
China unexpectedly released delayed economic data Monday, a day after a key Communist Party congress. The data showed weak growth and prompted markets to plunge. Last week, China’s National Bureau of …
China’s CMES taps robust car carrier market for growth
As China moves to control more of its supply chains, state-owned firm switches domestic car carriers to international trade …
China’s Giant Biogene slashes Hong Kong IPO size, valuation -sources
China’s Giant Biogene Holding Co Ltd launched on Tuesday an initial public offering (IPO) in Hong Kong to raise up to $80 million, a term sheet showed, sharply lower than its original target of $500…
China’s Giant Biogene slashes Hong Kong IPO size – sources
China’s Giant Biogene Holding Co Ltd launched on Tuesday an initial public offering (IPO) in Hong Kong to raise up to $80 million, a term sheet showed, sharply lower than its original target of $500…
Australian Wine Exports Slump 11% as China Tariffs Crimp Demand
China tariffs, global freight snarls and changing consumer habits during the pandemic have caused an 11% slump in the value of Australian wine exports in the year to Sept. 30.
China’s power battery output surges over 101 pct in September
Last month, the installed capacity of power batteries for NEVs rose by 101.6% year on year to 31.6 gigawatt-hours (GWh), according to the China Association of Automobile Manufacturers. Specifically, …
Intel CEO says U.S. crackdown on chip exports to China was ‘inevitable’
Intel Corp. Chief Executive Pat Gelsinger said that recently imposed U.S. restrictions on semiconductor-industry exports to China were inevitable as …
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