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.
Asian stocks climb as Beijing intensifies stimulus measures.
Asian stocks ascended on Wednesday following China’s President Xi Jinping’s authorization of a 1 trillion yuan (£111bn) sovereign bond, fostering optimism about economic stabilization.
Tesla’s earnings drop 44% due to intensified competition in the electric vehicle market
Tesla recently reported its smallest profit in two years, feeling the pinch from a pricing battle in both China and the US.
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.
Tesla Initiates Recall of Almost All Vehicles Sold in China Due to Brake Concerns
Tesla is set to address an acceleration system issue in nearly all cars it has sold in China, amounting to around 1.1 million electric vehicles produced at its Shanghai plant
Tweet: Elon Musk “not guilty” of fraud following Tesla sale
In a fraud trial, Elon Musk was cleared of any liability for investors’ losses. He falsely claimed that he had obtained funding for a private Tesla buyout.
Tesla’s Elon Musk lost $140m to Bitcoin in 2022
According to filings, Tesla suffered a loss of $140m (£113.5m), on its Bitcoin investments in 2022.