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.
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 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 recently reported its smallest profit in two years, feeling the pinch from a pricing battle in both China and the US.
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).
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.
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.
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 has entered a phase of deflation as the world’s second-largest economy grapples with reigniting demand following prolonged zero-Covid strategies.
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
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.
According to filings, Tesla suffered a loss of $140m (£113.5m), on its Bitcoin investments in 2022.