6 h. ago Moutai, China’s premier liquor brand, may find austerity rules hard to swallow

China’s premier liquor distiller Kweichow Moutai – a brand that had, over decades, become synonymous with sumptuous feasts – is heeding a renewed mandate for austerity from Beijing, distancing its products from the extravagant hard-drinking lifestyle with which it had been linked in the public consciousness. Management at the company, valued at 1.86 trillion yuan (US$258.73 billion), has pledged to comply with strictures stressing thrift – guidelines that have helped to remove Moutai’s expensive...

Politics

6 h. ago China’s top baijiu maker faces sobering reality as austerity trims profits

China’s premier liquor distiller Kweichow Moutai – a brand that had, over decades, become synonymous with sumptuous feasts – is heeding a renewed mandate for austerity from Beijing, distancing its products from the extravagant hard-drinking lifestyle with which it had been linked in the public consciousness. Management at the company, valued at 1.86 trillion yuan (US$258.73 billion), has pledged to comply with strictures stressing thrift – guidelines that have helped to remove Moutai’s expensive...

Politics

14 h. ago Nvidia CEO says Huawei has everyone ‘covered’ if US chip ban on China stays

Nvidia founder and CEO Jensen Huang said his company’s technology remained a generation ahead of those developed by China, but warned that Huawei Technologies was in a position to expand its semiconductor business should US chip export curbs stay in place. In an interview with US broadcaster CNBC on Thursday, Huang appeared to echo recent published remarks made by Huawei founder and CEO Ren Zhengfei, who said the Chinese company’s Ascend artificial intelligence (AI) processors lagged behind...

Politics

15 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

17 h. ago China’s viral Labubu toy has an unlikely fan – the ruling Communist Party

As Chinese companies ponder how best to market their products internationally, the example set by Pop Mart – the Beijing-based brand behind the viral Labubu toy – has been praised by the country’s state media for the creativity that underlies its success. The wide-mouthed, bug-eyed toy’s global fan base is evidence of a shift in priorities for China as it transforms from a producer of low-value goods to a hub of innovation, Qiushi, the Communist Party’s top theoretical journal, said in a...

Politics

46 h. ago BYD and other mainland carmakers pledge to speed up payments to suppliers

BYD and other mainland carmakers pledge to speed up payments to suppliers  South China Morning Post

Politics

47 h. ago ECB's Lagarde Slams 'Coercive Trade Policies' In Beijing Visit

ECB's Lagarde Slams 'Coercive Trade Policies' In Beijing Visit  Barron's

Events

47 h. ago GoPro rival Insta360 eyes global expansion after strong Shanghai IPO

Insta360, the Chinese action camera maker challenging GoPro, surged 285 per cent in its trading debut on Shanghai’s Star Market after raising 1.9 billion yuan (US$264.5 million) in the city’s largest initial public offering (IPO) in 17 months. Max Richter, who co-founded the company with 34-year-old Chinese entrepreneur Liu Jingkang in 2015, said Insta360 is “committed to expanding [its] global presence and elevating brand influence to boost [its] market share worldwide”. He identified China,...

Politics

66 h. ago Automakers' share of China NEV market in May: BYD No. 1 with 28.5%, Tesla No. 8 with 3.8%

Automakers' share of China NEV market in May: BYD No. 1 with 28.5%, Tesla No. 8 with 3.8%  CnEVPost

Politics

66 h. ago Tesla (TSLA) sales are crashing in China, and things are about to get worse

Tesla (TSLA) sales are crashing in China, and things are about to get worse  Electrek

Events

2 d. ago China EV registrations in week 23: Nio 2,630, Xiaomi 4,370, Tesla 8,640, BYD 54,850

China EV registrations in week 23: Nio 2,630, Xiaomi 4,370, Tesla 8,640, BYD 54,850  CarNewsChina.com

Politics

2 d. ago China EV insurance registrations for week ending Jun 8: Nio 2,630, Tesla 8,640, Xiaomi 4,370

China EV insurance registrations for week ending Jun 8: Nio 2,630, Tesla 8,640, Xiaomi 4,370  CnEVPost

Politics

3 d. ago Tesla Rivals Lead Five China Stocks Near Buy Points Amid U.S. Trade Talks

Tesla Rivals Lead Five China Stocks Near Buy Points Amid U.S. Trade Talks  Investor's Business Daily

Politics

3 d. ago BYD launches the Seal 06 EV at just $15,000 as a new price war in China erupts

BYD launches the Seal 06 EV at just $15,000 as a new price war in China erupts  Electrek

Economics

3 d. ago Trump tariffs latest: Musk row with Trump is ‘damaging’ Tesla, warns Wall Street

Trump tariffs latest: Musk row with Trump is ‘damaging’ Tesla, warns Wall Street  The Telegraph

Events

3 d. ago China's May lending seen tripling on monetary measures, trade truce: Reuters poll

China's May lending seen tripling on monetary measures, trade truce: Reuters poll  Reuters

Politics

4 d. ago Hong Kong can support taxi sector by using levies to create fund: Uber executive

Hong Kong’s taxi trade and ride-hailing services can work together on the same platform, Uber’s global head of public policy has said, while suggesting that authorities look at how other jurisdictions have adapted and used levies to set up a fund to support cabbies. In an interview with the Post, Andrew Byrne said that Hong Kong could learn from Australia’s use of a A$1.2 (78 US cents) levy, initially set at A$1, on ride-hailing and taxi services to compensate cabbies impacted by the...

Politics

4 d. ago China’s consumer prices fall for fourth month amid weak demand, trade tensions

China’s consumer prices declined for a fourth straight month in May, highlighting persistent deflationary pressures driven by sluggish demand and trade tensions with the United States, which are compounding inventory strains for manufacturers. The national consumer price index (CPI), a key gauge of inflation, fell 0.1 per cent year on year last month, according to data released by the National Bureau of Statistics on Monday. The figure beat market expectations after a poll by financial provider...

Events

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

5 d. ago Baijiu blues and plum pickings: tastes of China’s Gen Z rewrite liquor industry

Selecting which crops to grow each season can be a make-or-break decision for farmers. And in the ancient Chinese town of Baisha, famous for its liquor production, more and more are sowing seeds of change in a bid to capitalise on the evolving tastes of consumers. Located in the southwestern megacity of Chongqing and home to the distillery of Chinese baijiu distilled-liquor brand Jiang Xiao Bai, the town is seeing its farmland increasingly being used to grow green plums instead of sorghum...

Politics