The European Union moved ahead with plans to impose provisional tariffs on the imports of electric vehicles made in China that would raise rates to as high as 48%, a step likely to escalate trade…
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China’s Economy Is in a Rut. Its Demand For Commodities Remains Strong.
China has long been the world’s biggest commodities buyer—and the country’s appetite has only increased despite a protracted property slump and lackluster economic recovery. The reason: geopolitics.
EU imposes duties on China-built EVs, leaving four months for talks
The European Union will impose tariffs of up to 37.6% from Friday on imports of electric vehicles made in China, EU officials said on Thursday, ratcheting up trade tension with Beijing.
More IPOs likely to return in 2025 after shorter year in 2024: Citi
Even though India is in the spotlight at the moment, Citi sees countries like Indonesia and Vietnam exhibiting strong growth.
Nvidia set to make $12bn from AI chip sales in China despite US controls
Each H20 chip costs between $12,000 and $13,000, suggesting that Nvidia is likely to generate upwards of $12 billion in sales. That would be more than the $10.3 billion revenue made from its entire China…
China’s BYD Opens EV Plant In Thailand Despite Slowdown, Tariff Row
China’s electric vehicle giant BYD opened a factory in Thailand on Thursday, continuing its international expansion despite a market slowdown and hours before the European Union was due to impose …
China’s yuan, central bank performing well under stress, but US Fed rates adding to pressures
The Bank for International Settlements has praised China and other developing economies in managing their monetary policy, but cautioned pressure will remain high as US Fed rates remain unchanged.
China’s BYD inaugurates first plant in Thailand as it expands reach into Southeast Asia
Chinese automaker BYD has inaugurated its first electric vehicle plant in Thailand, part of the company’s effort to expand into Southeast Asia while also tackling wealthier markets in the U.S. and Eur
China now only supports promising chip firm consolidation amid doubling IPO terminations
Under China’s “high-quality productivity” initiative, an increasing number of China-based chip startups have seen their IPO processes withdrawn or terminated to support mergers and acquisitions rather …
Exclusive-Firms Weigh Removing Taiwan Staff From China After Death Penalty Threat
Beijing condemns Taiwan’s Lai as a “separatist” and staged war games shortly after his May inauguration. Taiwan has complained of ramped up Chinese pressure since Lai won the election in January, …
Korea’s export reliance on US, China still high despite diversification efforts: experts
Korea is still heavily reliant on the United States and China regarding exports although the level of reliance has been reduced recently, according to experts.
China’s Xi greets EU Council president ahead of EV tariffs taking effect
China’s President Xi Jinping made a congratulatory call on Thursday to incoming European Council President Antonio Costa, Chinese state media said, a few hours before European Commission curbs on …
China leads the patents race for generative AI, with Tencent and Baidu topping the list
China filed more than 38,000 of generative AI patents between 2014 to 2023, a new United Nations report on Thursday showed.
