10 h. ago Chinese solar firms bank on overseas expansion to survive amid US tariffs

Chinese solar and energy-storage companies will continue to press ahead with their overseas expansion with or without a long-term agreement on trade tariffs, as production abroad holds the key to their long-term survival, according to executives at China’s largest solar industry exhibition. Although the US and China reached a 90-day truce in their ongoing tariff war in May, solar panel exports from China and Southeast Asia to the US are still subject to tariffs of as much as 3,521 per cent, with...

Economics

22 h. ago Xpeng and Chinese EV peers aim to win over Hongkongers amid global push

Chinese electric vehicle (EV) maker Xpeng aims to start offering Hong Kong consumers smart cars featuring semi-autonomous driving systems next year as it gears up to take on Tesla’s FSD (Full Self-Driving) feature outside mainland China. He Xiaopeng, co-founder and CEO of the Guangzhou-based carmaker, said in Hong Kong on Thursday that testing of its Xpeng Navigation Guided Pilot (X NGP) driver-assistance system in the city would take only two months before sales could begin. However, he added...

Politics

25 h. ago Pentagon chief warns China preparing for war, calls Beijing top US threat

Pentagon chief warns China preparing for war, calls Beijing top US threat  Business Standard

Events

35 h. ago US venture capital firm to unload stakes in 40 Chinese tech start

Shares of a few dozen China-based start-ups may be up for grabs as their investor, US venture-capital firm Eight Roads, plans to exit its Chinese technology holdings. The move, reported by Bloomberg on Tuesday, comes as geopolitical tensions and a sluggish Chinese economy prompt some global investors to retreat. Domestic and government-backed funds and financing products would increasingly drive start-up funding in the world’s second-largest economy, analysts said. Fidelity Ventures-backed Eight...

Politics

47 h. ago Futures Fall With CPI Inflation Due; China 'Framework' Reached

Futures Fall With CPI Inflation Due; China 'Framework' Reached  Investor's Business Daily

Economics

51 h. ago Starbucks has received 'a lot of interest' for China business stake, CEO tells FT

Starbucks has received 'a lot of interest' for China business stake, CEO tells FT  Reuters

Economics

51 h. ago Starbucks garners ‘a lot of interest’ in China business stake, chief says

Starbucks garners ‘a lot of interest’ in China business stake, chief says  Financial Times

Politics

52 h. ago US and China ease trade war tensions by agreeing ‘framework’ truce in London – business live

US and China ease trade war tensions by agreeing ‘framework’ truce in London – business live  The Guardian

Events

57 h. ago Futures: U.S., China Hail Trade 'Framework'; Inflation Data Due

Futures: U.S., China Hail Trade 'Framework'; Inflation Data Due  Investor's Business Daily

Economics

59 h. ago Chinese EV battery maker Eve Energy jumps on Hong Kong IPO bandwagon

Eve Energy, China’s fifth-largest producer of electric vehicle (EV) batteries, plans to raise fresh capital on the Hong Kong stock exchange, following the lead of its bigger rival Contemporary Amperex Technology (CATL) as international investors show a growing appetite for the country’s industrial gems. The Shenzhen-listed company said on Tuesday that its board had endorsed a fundraising plan aimed at bolstering its international expansion, but details about the share offering were still in the...

Science

3 d. ago China’s solar panel makers seek antidote to market ills as glut, price war, tariffs bite

China’s solar photovoltaic (PV) manufacturers are looking for solutions to years of price wars and losses at home amid excess capacity and waning demand as executives gathered in Shanghai to discuss the problems crippling the industry. They will get a chance to gauge the crisis as the financial hub plays host to the SNEC PV+ Photovoltaic Power Conference and Exhibition from Tuesday to Friday. The conference is the largest of its kind, attracting some 3,000 enterprises from more than 100...

Economics

3 d. ago Hong Kong medical device maker to expand China facility amid US, EU barriers

Vincent Medical Holdings, a Hong Kong-based medical device maker, has doubled down on manufacturing in China by investing in automation and digitalisation, instead of moving operations abroad amid rising trade barriers in the US and Europe. The maker of disposable radiology products and respiratory devices is building a factory in Kaiping in the western part of the Greater Bay Area, CEO Raymond Choi Cheung-tai said in an interview. Trial operations could start before the end of the year, he...

Politics

3 d. ago Import cargo levels may surge during tariff pause with China, others

Import cargo levels may surge during tariff pause with China, others  Talk Business & Politics

Transport

3 d. ago Trade talks will give US a clue on how strong China is: Michael Pillsbury

Trade talks will give US a clue on how strong China is: Michael Pillsbury  Fox Business

Politics

4 d. ago US and China officials are meeting for trade talks in London – business live

US and China officials are meeting for trade talks in London – business live  The Guardian

Politics

4 d. ago China’s Geely hits the brakes on new plant construction globally: Li Shufu

Geely Auto, the mainland’s second-largest carmaker, will not build new plants amid excess capacity worldwide, a move that is likely to ripple across the sector as most Chinese companies are finding it difficult to make profits. Chairman Li Shufu told the Chongqing Auto Show over the weekend that the company would avoid building excess capacity and instead focus on improving its technological capabilities to become a key player in the future of mobility. “The global automotive industry is mired...

Events

4 d. ago Nomura to Shut Branch in China as It Scales Back Wealth Business

Nomura to Shut Branch in China as It Scales Back Wealth Business  Bloomberg

Economics

4 d. ago How BYD and Chinese peers are transforming Europe’s small EV market

Some of the world’s biggest carmakers are squaring off for a titanic battle over small cars in Europe, as native stalwarts like Volkswagen and Renault fight to maintain their hold on the market against an influx of cheap electric vehicles (EVs) from BYD and its Chinese peers. Last month, BYD, which surpassed Tesla last year as the world’s largest EV maker, launched its Dolphin Surf compact hatchback in Europe. The company’s most affordable model, known in China as the Seagull, is priced from...

Politics

4 d. ago Philippine Embassy in Beijing celebrates 127th Independence Day and 50 years of diplomatic relations with China

Philippine Embassy in Beijing celebrates 127th Independence Day and 50 years of diplomatic relations with China  BusinessMirror

Politics

7 d. ago China Renaissance’s investment in stablecoin issuer Circle pays off

China Renaissance, which has funded many leading Chinese technology firms, made another winning bet after shares of stablecoin issuer Circle Internet Group more than doubled on their debut in New York. The Chinese investment bank said in a filing to the Hong Kong stock exchange on Friday that it had invested in Circle, which was founded in 2013, in 2018 through its Huaxing New Economy Fund. The investment reflected its “strong confidence in the growth prospects of the digital asset industry”,...

Economics