As China looks to tap Europe’s vast market for lithium batteries, Hungary has become an attractive destination for production to make logistics simpler – and bypass EU trade investigations.
New Zealand High Court held Yan bankrupt in connection with more than NZ$60.9 million (US$36.6 million) he owes construction company Mainzeal’s creditors.
Guangzhou-based carmaker also aims to sell right-hand-drive models in Hong Kong, Thailand, Singapore and Malaysia, as an escalating price war in mainland China squeezes profit margins.
China’s exports and imports returned to growth in April, but analysts said that domestic demand will still be the key driver for economic growth this year.
With China’s ties to Russia under stronger scrutiny from the West, banks are keeping a closer eye on transactions with links to Moscow – and China’s exporters are concerned their bottom line will suffer.
Scholars have suggested a realignment of industries, with some pain in the short term, would go a long way towards resolving China’s overcapacity problem and adapting to trade restrictions in those sectors.
French President welcomes Beijing’s commitment to ‘refrain from selling any weapons or aid’ to Russia, but commerce official reinforces the need to enhance bilateral trade.
A high-level official with the International Monetary Fund has said if divisions persist between China and the West, the damage that would be done to the global economy would be considerable.
As geopolitical changes have made working with China more risky than before, European firms have backed away from infrastructure projects linked with the Belt and Road Initiative.
A record 246,000 international visitors flocked to the spring session of the Canton Fair over the last three weeks in Guangzhou, but deals signed rose by only 10 per cent from the previous edition.
The hike highlights Saudi Arabia’s efforts to keep the market tight amid fading war risk in the Middle East, which has helped drive oil prices in London lower.
In this week’s issue of the Global Impact newsletter, we look at how Asian nations have been making moves with an eye on the ever evolving relationship between China and the United States.
China’s overseas vehicle shipments are set to grow at a clip this year, bolstered by surging sales in markets like Southeast Asia and the Middle East, as the country’s heft in manufacturing electric cars goes from strength to strength.
China’s steel production has increased, but a property market downturn and slowdown in infrastructure spending have seen prices plunge steeply, leading to overcapacity and trade tensions.
Trade talks between Taiwan and the United States for a phase-two deal have begun, with progress likely to be ‘harder’, analysts say, as more contentious topics fall under the microscope.
A cheaper Japanese yen is too appealing to pass up for many of China’s outbound holidaymakers, and tourism in South Korea is taking a hit.
Analysts say China’s central bank, with an eye on the yuan’s stability, could let it weaken gradually, but such a move ‘could backfire to some degree’.
State news agency rejects allegations that Chinese EV firms are exporting a glut of electric vehicles.
Banking and insurance stocks boosted the Hang Seng Index close to bull market territory with the overall sentiment remaining upbeat following Beijing’s recent efforts to prop up stocks.
A growing ‘she-conomy’ in China is leading to the working-age female population playing a leading role in personal spending and family purchases amid Beijing’s shift away from an investment-led growth model.
A South Korean university is launching a new associate degree programme exclusively for international students as it battles labour and population issues, with some also faced by China.