A car takes shape on an EV production line at the NIO Second Advanced Manufacturing Base in Hefei, in east China’s Anhui Province, on February 1, 2024. Photo: Xinhua

Chinese EV maker Nio signs licensing deal with Middle East start-up Forseven

Deal highlights the increasing influence Chinese companies have on the development of the global EV industry, analyst says.

29 minutes ago

Chinese investment bank joins growing chorus calling for direct fiscal stimulus

In a recent research report, China International Capital Corporation determined a direct fiscal stimulus is the best course of action for economic growth this year, after several rounds of credit support to businesses have not had the desired effect.

In a recent research report, China International Capital Corporation determined a direct fiscal stimulus is the best course of action for economic growth this year, after several rounds of credit support to businesses have not had the desired effect.

39 minutes ago

Li Auto forecasts first-quarter sales drop, reports record profit

The bearish forecast was revealed after Li Auto reported a record quarterly profit that beat analysts’ expectations.

The bearish forecast was revealed after Li Auto reported a record quarterly profit that beat analysts’ expectations.

2 hours ago

Driven by C919 and Airbus, China’s aviation sector opens up for S Korean firms

South Korea’s national trade and investment promotion agency says China is moving aviation parts supply chains from North America and Europe to neighbouring countries.

South Korea’s national trade and investment promotion agency says China is moving aviation parts supply chains from North America and Europe to neighbouring countries.

3 hours ago

Beijing slams ‘smear tactics’ in US assessment of China’s ‘predatory’ economy

Washington’s report on China’s compliance in the World Trade Organization continues accusations since US-China trade war began, and Beijing says US is distracting from its own WTO ‘violations and sabotage’.

Washington’s report on China’s compliance in the World Trade Organization continues accusations since US-China trade war began, and Beijing says US is distracting from its own WTO ‘violations and sabotage’.

5 hours ago

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Banks in Hong Kong including HSBC and Standard Chartered Bank are rolling out more products tied to the Wealth Management Connect scheme. Photo: Shutterstock

Hong Kong’s biggest banks roll out new cross-border wealth management products

HSBC, Standard Chartered and Hang Seng Bank are rolling out more products tied to the Wealth Management Connect scheme amid a drive by Beijing to boost the Greater Bay Area’s financial markets.

5 hours ago

BYD aspires to take on Ferrari, Lamborghini with a US$233,000 super EV

The Warren Buffett-backed carmaker is accepting bookings for the 1.68 million yuan (US$233,400) supercar with a deposit of 300,000 yuan. Deliveries are expected to start in the summer.

The Warren Buffett-backed carmaker is accepting bookings for the 1.68 million yuan (US$233,400) supercar with a deposit of 300,000 yuan. Deliveries are expected to start in the summer.

3 hours ago

China regions rethink support for workers with older parents as population ages

At least 13 regional authorities have already extended parental care leave entitlements, with Zhejiang the latest to consider the move.

At least 13 regional authorities have already extended parental care leave entitlements, with Zhejiang the latest to consider the move.

26 Feb 2024 - 2:31PM

Explainer | What changes are taking place in China’s US$232 trillion repo market?

China’s next big impending change in the financial market is letting more foreign institutional investors into its onshore repo market.

China’s next big impending change in the financial market is letting more foreign institutional investors into its onshore repo market.

3 hours ago

China on alert for cold weather damage to spring vegetable crops

Production areas have been hit by a series of cold waves with more frosty temperatures expected this week.

Production areas have been hit by a series of cold waves with more frosty temperatures expected this week.

26 Feb 2024 - 9:00AM

Smells like victory: countries vie to be China’s durian king as crop flourishes

Projections for the world’s output of durians have gone as high as a 10 per cent increase by 2030 – making competition over market dominance in China, the largest consumers of the fruit by far, even more heated.

Projections for the world’s output of durians have gone as high as a 10 per cent increase by 2030 – making competition over market dominance in China, the largest consumers of the fruit by far, even more heated.

26 Feb 2024 - 5:00AM

China pledges further steps to make payment apps easier for foreigners to use

Country’s State Council says it has approved measures to make it easier for foreign visitors and elderly people to use payment apps.

Country’s State Council says it has approved measures to make it easier for foreign visitors and elderly people to use payment apps.

25 Feb 2024 - 7:49PM

Why Chinese investors are struggling to hold on to their overseas properties

Chinese investors who have borrowed from the bank to buy a house abroad are facing a double-whammy as they contend with an economic slowdown at home and surging interest rates across the globe that are hampering their ability to pay for their purchases, according to analysts.

Chinese investors who have borrowed from the bank to buy a house abroad are facing a double-whammy as they contend with an economic slowdown at home and surging interest rates across the globe that are hampering their ability to pay for their purchases, according to analysts.

25 Feb 2024 - 10:00AM

30 years after being used as pig feed, appetite for China’s truffles surges

China’s exports of frozen and fresh truffles surged by 58.6 per cent from a year earlier in 2023 amid increasing efforts to secure a foothold in the high-end food produce trade.

China’s exports of frozen and fresh truffles surged by 58.6 per cent from a year earlier in 2023 amid increasing efforts to secure a foothold in the high-end food produce trade.

25 Feb 2024 - 8:00AM

China artists, dealers pin hopes on domestic collectors as global interest wanes

After years of riding a wave of worldwide interest in Chinese paintings, artefacts and other pieces, domestic dealers lament the lack of enthusiasm after the pandemic.

After years of riding a wave of worldwide interest in Chinese paintings, artefacts and other pieces, domestic dealers lament the lack of enthusiasm after the pandemic.

24 Feb 2024 - 6:27PM

As US, EU anxiety grows, will overcapacity curb exports of China’s ‘new three’?

Beijing has already recognised overcapacity as a major challenge for 2024, as US and European Union anti-dumping probes and tariffs disrupt trade.

Beijing has already recognised overcapacity as a major challenge for 2024, as US and European Union anti-dumping probes and tariffs disrupt trade.

24 Feb 2024 - 8:29AM

Lotus Tech to launch autonomous driving cars in 60 Chinese cities this year

The company, a division of British sports car company Lotus Group in which Chinese carmaker Zhejiang Geely Holding owns a majority stake, will focus on the premium segment despite cheap models dominating the mainland EV market.

The company, a division of British sports car company Lotus Group in which Chinese carmaker Zhejiang Geely Holding owns a majority stake, will focus on the premium segment despite cheap models dominating the mainland EV market.

26 Feb 2024 - 3:45PM

Chinese watchdog denies plan to inspect a decade of listed firms’ financial data

The CSRC does not have plans to examine 10 years of public company financial reports, Yan Bojin, head of public offering supervision, said on Friday.

The CSRC does not have plans to examine 10 years of public company financial reports, Yan Bojin, head of public offering supervision, said on Friday.

23 Feb 2024 - 8:20PM

Beijing warns China’s huge financial sector: serve real economy and enrich lives

To stabilise the economy while shoring up innovation and green development, China’s leadership is taking a more heavy-handed approach to financial governance.

To stabilise the economy while shoring up innovation and green development, China’s leadership is taking a more heavy-handed approach to financial governance.

23 Feb 2024 - 8:00PM

After 2 years of population decline, what’s the way to boost China’s births?

As China’s population continues its steady decline, experts have offered several suggestions for how to arrest the slide – but nearly all agree a cautious and systematic approach carries the best chances for success.

As China’s population continues its steady decline, experts have offered several suggestions for how to arrest the slide – but nearly all agree a cautious and systematic approach carries the best chances for success.

23 Feb 2024 - 7:28PM