China has quietly become one of the biggest drivers of Britain’s electric car revolution.
Volkswagen criticizes the EU for ‘incomprehensible’ electric car tariffs
Volkswagen has criticized Brussels for its decision to impose “incomprehensible” tariffs on electric cars imported from China.
Blow for China as economy slides back into deflation in October
In October, China experienced a reversion to deflation, as indicated by official data, with a decrease in pork prices impacting the nation’s economy, which is the second-largest globally.
China’s debt hits 272pc of GDP, according to the International Monetary Fund.
China is pushing worldwide debt towards potentially unmanageable levels due to extensive borrowing by its property developers and local authorities, as per the International Monetary Fund (IMF).
Investors offload significant Chinese shares in an unprecedented sell-off.
Global investors are rapidly shedding their holdings in China’s premier stocks in an unprecedented sell-off, suggesting that even China’s top industries are no longer favoured due to economic uncertainties.
Beijing plans response to US investment prohibition
China is contemplating a retaliatory move in response to the recent surge of US sanctions that limit investments from US venture capital firms in advanced Chinese artificial intelligence (AI) companies.
Chinese property behemoth faces challenges, leading to market downturn
Asian stock markets declined due to troubles faced by China’s premier private real estate developer, raising fresh worries about the stability of the globe’s second-largest economy.
China experiences deflation, raising concerns for the worldwide economy
China has entered a phase of deflation as the world’s second-largest economy grapples with reigniting demand following prolonged zero-Covid strategies.
UK heading for an industrial recession, bosses warn
The United Kingdom is on the brink of an industrial recession due to increasing interest rates, causing a significant decrease in production and employment in an already struggling sector.
Local health officials state that Covid has infected 90% of Chinese province residents
According to data from central Henan’s health commission, 88 million people may have been infected with the virus.
China’s great migration, first day of “chun yun” kicks-off under shadow of COVID
China marked Saturday the beginning of “Chun Yun”, the 40-day period for Lunar New Year travel in China. This was pre-pandemic the largest annual migration of people worldwide.
China in talks with Pfizer to create generic Covid drug
Three sources confirmed to Reuters that China is currently in negotiations with Pfizer Inc for a license that will allow Chinese drugmakers to produce and distribute a generic version of