The store, currently under construction, is three-hour drive away from Shanghai at a shopping mall in Taizhou, Jiangsu province.
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BYD is selling so many electric cars it’s become one of the top three automakers in China
BYD’s growing sales for various models have helped the company climb into the ranks of the top three brands in China by passenger car sales so far this year.
China’s ‘618’ shopping festival to test COVID-hit shoppers’ urge to splurge
China is set to get a picture of how the country’s zero-COVID-19 policy and slowing economy have impacted shoppers’ urge to splurge, as e-commerce platforms gear up to report takings from the mid-year …
Foreign Banks Face Uncertainty in China
Recent news noted that Credit Suisse Group is slowing its expansion in China, but this doesn’t mean that major foreign banks are pulling out or ending their China dream. Morgan Stanley, Citigroup, UBS …
Warehouses in China and U.S. show global economy struggling to adjust
Container ships at the Port of Los Angeles on June 10. (Kyle Grillot/Bloomberg News) Warehouses in China and the United States are stuffed with unsold televisions, refrigerators and sofas, a shared …
Analysis: China’s teapots crank back to life, aided by cheap Russian oil
China’s army of small, privately owned oil refiners are raising output on hopes of recovering fuel demand as COVID-19 curbs ease and refining margins swell due to an increasing supply of cheap Russian …
Curve Inversion 101: U.S. CPI Politics Up Front, China PPI Down(ing) The Back
Chinese CPI dropped 0.2% month-over-month in May 2022. There’s no mistaking the downturn across China all throughout last year. That had spilled over into its producer prices quite some ago.
China’s Sino-Ocean Sells USD740 Million Beijing Property to Stabilize
Chinese real estate developer Sino-Ocean Group Holding has sold an office building in Beijing for CNY5 billion (USD740 million) amid dropping bond prices. The property developer has sold the …
Scoop: Biden leans toward easing some of Trump’s China tariffs
President Biden, in an Oval Office meeting last week with key members of his Cabinet, indicated he’s leaning toward removing some products from the Trump administration’s China tariffs list, people …
In Southeast Asia, a booming crypto scene
More than 600 crypto or blockchain companies are now headquartered in Southeast Asia, according to a new report by venture investment firm White Star Capital. Much of the recent growth in venture …
How to engage global crypto audiences
Parallel to the emergence of new currencies has been the establishment of a number of exchange platforms and ancillary services such as crypto wallets, cards and account management functionality. The …
Bitcoin crashes to record-low of $21,000; crypto market cap slips below $1 trillion
Bitcoin has tumbled 24% in the last seven days, while it traded 70% lower than its all-time high of $68,789.63 touched in November last year …
Stocks, oil, gas and crypto all trending higher after heavy market retreat Monday
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