Canada will impose a 100% tariff on all Chinese-made electric vehicles starting October 1, 2024, to protect its auto industry and align with U.S. and EU trade policies.
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Donald Trump’s Bitcoin mining push threatens China’s dominance
For a long time, Bitmain, a Chinese miner company, has had a tight grip on the Bitcoin mining market. They own about 90% of it, practically running the show.
China Market Update: Hong Kong Gains As Pinduoduo’s Slight Revenue Miss Sends Shares Lower
Asian equities rose despite rising Middle East tensions. Powell’s Friday press conference, confirming a September rate cut, sent the US dollar lower. Hong Kong outperformed as the Hang Seng Index closed just below the 18,
Canada to Hit China With Tariffs on Electric Vehicles, Steel
Canada will impose new tariffs on Chinese-made electric vehicles, aluminum and steel, lining up behind western allies and taking steps to protect domestic manufacturers. The government announced a 100 …
China’s Youngest Gold Medalist Gets Roasted for Buying iPhone – Is This Unpatriotic?
Chinese diver Quan Hongchan faces backlash for buying an iPhone instead of a domestic brand, sparking debates on nationalism.
Canada to hit China with tariffs on electric vehicles, aluminum, steel
The federal government is imposing tariffs on Chinese-made electric vehicles as well as aluminum and steel from China in an effort to protect domestic manufacturing.
China’s second richest man jailed for 6 years over $5 million crypto fraud
China’s second richest man, as of 2001, according to a Forbes ranking was jailed in Singapore following a fraudulent crypto
China’s Car Market Meltdown: Why Big Brands Like GM and BMW Are Losing Ground
Volkswagen’s sales in China fell by 19.3% in the second quarter, while Porsche’s dropped by 39.3%. With strong government support, Chinese EVs are thriving, weakening the competitiveness of imported …
China Imposes 11 Million Yuan Fine Over Food Safety Scandal
China fines Sinograin and six other firms a total of 11 million yuan for using fuel tankers to transport cooking oil, rekindling fears about food safety. An investigation found severe use of unclean …
China’s PDD shares slide after weak consumer spending dents revenue
China’s PDD Holdings missed market estimates for quarterly revenue on Monday, as reduced consumer spending dented business at its domestic e-commerce platform Pinduoduo, sending the company’s shares …
Din Tai Fung to close 14 China outlets amid weak consumer spending
TAIWANESE dumpling chain Din Tai Fung will close more than a dozen stores in mainland China, a market that’s seen a brutal price war among restaurants to lure increasingly frugal Chinese consumers.
China threatens to take ‘necessary measures’ over U.S. sanctions
Beijing is threatening to take “necessary measures” against the United States over the Biden administration’s move last week to sanction dozens of Chinese companies over their alleged support of Russia’s war.
As China upgrades its androids, is ‘more human than human’ on the horizon?
China’s humanoid robot market, fuelled by policy and investment, could become enormous sector as technology matures Shortly after the release of Alien: Romulus – the new film in a science fiction …
