China’s quality watchdog said on Thursday. The recall comes after the watchdog asked the German automaker, General Motors Co (:GM – News) and Daimler AG’s (DAIGn.DE) Mercedes-Benz earlier this year to recall vehicles equipped with…
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If the U.S. stops trade with China, it could cost 25 Trump-supporting states big time
Mnuchin reiterated the possibility of sanctions in a Wednesday interview with Fox News’ Bret Baier. “We can stop trade with any country that does business with North Korea,” he said. “You’re saying stopping trade with…
China sets up first ‘commercial’ quantum network for secure communications
China touts that it is at the forefront of developing quantum … government and official users in Shandong’s provincial capital Jinan, the official Xinhua news agency said late on Tuesday. It did not elaborate on…
China confident of maintaining strong growth, Premier Li Keqiang tells heads of six global agencies
Chinese Premier Li Keqiang said on Tuesday he was confident China would maintain the strong economic growth it achieved in the first half of the year. Speaking at a press briefing after a round-table meeting…
China and Russia Warn the U.S. Not to Seek North Korean Regime Change
Follow @bpolitics for all the latest news, and sign up for our daily Balance of Power newsletter. In supporting a watered-down version of North Korea sanctions, China and Russia had a stern warning for the…
China sets 2020 target for nationwide ethanol use to cut corn stocks
“This news has greatly boosted confidence inside the industry,” said Michael Mao, analyst with Sublime China Information, adding that without government support ethanol would likely be too expensive to survive in the market. Shares in…
China’s ‘Bernie Madoff’ jailed for life for huge fundraising fraud
The ringleader of China’s biggest Ponzi scheme was sentenced to life in prison by a Beijing court on Tuesday, state-run Xinhua news agency reported. Ding Ning, dubbed by the media as China’s Bernie Madoff after…
Beijing’s balancing act over North Korea
Another week, another round of UN sanctions against North Korea. With it comes another demonstration of how adept Beijing is becoming at inching back and forth along the policy tightrope it has installed between Washington…
China looks at plans to ban petrol and diesel cars
“Those measures will certainly bring profound changes for our car industry’s development,” Xin Guobin told Xinhua, China’s official news agency China made 28 million cars last year, almost a third of the global total. Both…
China wants to ban gas and diesel cars
GM (GM) already sells the fully electric Bolt in the U.S. and the tiny Baojun 100 in China. Tesla (TSLA) stock climbed 5% on news in U.S. trading Monday. Tesla sells only all-electric cars and…
China is banning traditional auto engines. Its aim: electric car domination
But it’s a major economic story as well. China will set a deadline for carmakers to stop selling cars that run exclusively on gasoline or diesel fuel. The news was announced over the weekend by…
China gas and diesel car ban in the works
China is joining France and Britain in announcing plans to end … to stop production and sales of traditional energy vehicles,” according to the Xinhua News Agency and the Communist Party newspaper People’s Daily. France…
China’s bitcoin exchanges await clarification, markets subdued for now
SHANGHAI/BEIJING (Reuters) – China’s largest bitcoin exchanges are awaiting clarification from the government following more media reports that Beijing is planning to ban trading of virtual currencies on domestic exchanges, but markets were largely subdued…
