The move comes amid heightened competition for Tesla in China. Chinese EV company BYD overtook Tesla as the world’s biggest EV maker last year.
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Apple’s China Slump Deepens Even as Total Sales Grow Again
Apple Inc. reported a deepening slump in China during the holiday quarter, even as total iPhone sales were stronger than expected and the company returned to revenue growth.
China’s Investors Take Shots at State Media Spin as Stocks Fall
The Communist Party’s mouthpiece ran an editorial declaring China was brimming with “optimism” on Friday. Within hours, stocks tumbled and internet users clapped back with sarcasm.Most Read from BloombergDonald Trump Loses London Case Against Ex-MI6…
Missing Chinese banker resigns from China Renaissance for ‘health reasons’ a year after disappearing
Bao Fan, a star Chinese tech banker who disappeared a year ago amid Beijing’s anti-corruption crackdown, has formally resigned from the firm he founded, the company said.
Pigeon suspected of spying for China freed in India after investigation clears name
A pigeon accused of being a Chinese spy has been cleared of espionage by Indian police and released back into the wild.
China Pledges Help for Renters, Among Other Moves to Prop up Its Ailing Property Market
China has rolled out a flurry of measures to help prop up its ailing property market, while also promising to boost government spending
Apple China Slowdown Sparks Fears That Prized Market Is at Risk
Apple Inc.’s latest quarterly results triggered investor fears that the company is losing clout in China, a long-prized market that generates roughly a fifth of its sales.
New China property financing measures set to be tested by banks’ cautious approach
China aims to ramp up financing for home projects in the coming days as part of its support measures, but banks’ reluctance to lend to the crisis-hit sector will remain a major obstacle for the…
China executes couple who flung two toddlers to their death
China has executed a couple who fatally threw two children out of the window of an apartment building. Zhang Bo – the father of the children – and Ye Chengchen were previously found guilty of…
Apple iPhone target is billions short of Wall Street’s as China sales lag
Apple on Thursday forecast a drop in iPhone sales and targeted overall revenue $6 billion below Wall Street expectations as its China business took a hit. This overshadowed overall fiscal first-quarter sales and profit that…
China’s factory activity contracted for fourth straight month in January amid soft demand
The official NBS Manufacturing PMI in China was at 49.2 in January 2024, matching market forecasts while edging higher from December’s 6-month low of 49.0. It was the 4th straight month..
The US must stop Russia, or China will learn that it pays to use force against America’s interests, NATO chief says
“It is Ukraine today. Taiwan could be tomorrow.,” NATO Secretary-General Jens Stoltenberg said in a speech at the Heritage Foundation.
China hackers targeting US assets dismantled: FBI
The US has managed to dismantle the hacking efforts of a Chinese state-sponsored group that had been targeting key public infrastructure like the power grid and pipelines, says the FBI. The FBI’s director told lawmakers…
