Tag: "China"

Business

BYD Becomes World’s Top EV Maker, Leaving Tesla Behind

Chinese electric vehicle (EV) manufacturer BYD has officially overtaken Tesla in annual revenue, reporting a record 777 billion yuan (approximately $107 billion) for 2024....

Economic

China Doubles Down on Domestic Demand to Counter Economic Challenges

China has announced a bold “Special Action Plan to Boost Consumption” aimed at revitalizing domestic demand and addressing economic challenges in the world’s second-largest...

Business

ERNIE X1 and 4.5 .. Baidu Launches Cost-Effective AI Models to Rival Global Giants

China’s tech giant Baidu has announced the launch of two new artificial intelligence (AI) models, marking a significant step forward in its efforts to...

Economic

China’s Economic Recovery Stalls as CPI Turns Negative for First Time in 13 Months

China’s consumer price index (CPI) entered negative territory in February, marking the first deflationary reading in 13 months, according to new data released by...

Business

China Targets Economic Recovery with 5% Growth in 2025 and Unprecedented Deficit

China has announced a GDP growth target of “around 5%” for 2025, reflecting its cautious optimism amidst escalating trade tensions with the United States...

Business

Tariff Tensions Drive Treasury Yields Higher Amid Retaliation Fears

U.S. Treasury yields climbed on Wednesday as investors assessed the potential economic fallout of President Donald Trump’s recently imposed tariffs on imports from Canada,...

Business

U.S.-China Trade War Deepens as Beijing Imposes 15% Tariffs on Key Goods

China has pushed back against the United States’ latest round of tariffs, announcing retaliatory measures that could further escalate tensions between the two economic...

Business

Xpeng’s Strong Momentum: 30,000+ Deliveries for Four Straight Months

Chinese electric vehicle (EV) manufacturer Xpeng continues to solidify its position in the competitive EV market by delivering over 30,000 cars for the fourth...

Business

DeepSeek’s AI Boom Fuels Chinese Stocks, Indian Markets Take a Hit

In a major shift within the global emerging markets landscape, China’s equities are experiencing a notable rally, fueled by advancements in artificial intelligence from...

Business

Luxury Revival in Europe: Can Brands Overcome Weak China Demand and Trade Risks?

The European luxury sector, which faced significant challenges in 2024, is showing early signs of recovery, buoyed by a strong earnings season. However, uncertainties...

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