16 h. ago China and Europe power 24% growth in global EV sales in June

Global sales of electric and plug-in hybrid vehicles surged 24 per cent in June from a year earlier, driven by strong demand in China and Europe, while the US fell behind, according to the market research firm Rho Motion. A total of 1.8 million battery-powered electric vehicles (BEVs) and plug-in hybrids were sold last month, the London-based firm said on Tuesday. Sales in China jumped 28 per cent to 1.11 million units, or 60 per cent of the worldwide total, while Europe’s demand rose 23 per...

Politics

68 h. ago The Myth About The Great Wall Of China You Probably Fell For

The Myth About The Great Wall Of China You Probably Fell For  grunge.com

Politics

4 d. ago Plunging pork and poultry prices put pressure on Chinese farmers

China’s major protein categories – from pork to poultry – fell into a severe state of oversupply in the first half of this year, with prices declining across the board and widespread losses throughout the supply chain. Analysts said weak end-market demand and high inventory levels are weighing heavily on the breeding sector, and that while marginal improvements are expected in the second half of the year, the overall scope for recovery remains limited. The trend highlights the fragility of...

Events

7 d. ago Surprise US copper tariff tests the mettle of China’s vast refining industry

Shockwaves from Washington’s decision to impose a 50 per cent tariff on copper imports are still rippling across the Pacific, and China, the world’s largest consumer of the metal, is feeling the effects. Copper futures traded in the US rallied on the tariff threat, expanding a price gap with the London and China markets, where prices fell. The most active copper futures contracts traded on the Shanghai Futures Exchange fell by 1.36 per cent on Wednesday following US President Donald Trump’s...

Politics

7 d. ago Hong Kong stocks fall on worries about China’s deflationary pressure

Hong Kong stocks fell by the most in nearly three weeks as China’s deflationary trend became more entrenched, deepening concerns about the nation’s growth prospects. The Hang Seng Index dropped 0.8 per cent to 23,943.42 at 10.13am local time on Wednesday and the Hang Seng Tech Index retreated 1.3 per cent. On the mainland, the CSI 300 Index climbed 0.2 per cent and the Shanghai Composite Index added 0.3 per cent. Henderson Land Development slumped 8.3 per cent to HK$26 after raising HK$8 billion...

Events

1 week ago Hong Kong hiker dies after falling 20 metres at mountain stream

A 35-year-old hiker has died after falling about 20 metres (65 feet) at a mountain stream near Hong Kong’s border with mainland China. Police said the man, surnamed Choi, fell at a stream in Sha Tau Kok and his friends reported the accident to emergency services. Authorities said he was later pronounced dead at the scene, off Lin Ma Hang Road, and the exact cause of death would be determined by an autopsy. A source said Choi was in a group of nine people who had planned to hike from Lin Ma Hang...

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2 w. ago China industrial profits sink 9% in May on ‘weak demand’, US trade dispute

China’s industrial profits fell by more than 9 per cent in May over the same month of 2024, according to data released on Friday, reflecting what analysts said was weak domestic demand for minerals and motor vehicles, coupled with ramifications of the US-China tariff dispute. The National Bureau of Statistics said profits for industrial companies making more than 20 million yuan a year in revenue dropped in May by 9.1 per cent, year on year. Industrial profits fell 9.7 per cent in May over...

Politics

3 w. ago ‘We’re not billiard balls’: how China’s EU charm offensive fell flat

For half a year, a heated debate has raged over whether US President Donald Trump’s return to office would push Europe and China closer together. Pragmatists, realpolitikers and Beijing’s allies argued that the EU could not afford a trade war with both of the world’s largest economies while footing the bill for a hot war in Ukraine. For months, EU leaders fuelled the speculation by voicing openness to deeper trade ties with Beijing, in a dramatic rhetorical shift from the previous three years of...

Politics

3 w. ago China’s magnet exports to US slammed in May as rare earth curbs hit: data

The volume of China’s export shipments of magnets to the US, a chokepoint in the ongoing trade war between the world’s two largest economies, plunged in volume by 93.3 per cent in May, year on year, according to the latest customs data. China exported around 46.4 tonnes of magnets to the US last month. It was also a sharp month-on-month decline of 81 per cent from 246.3 tonnes shipped in April. The total export of magnets, which dominate China’s critical minerals shipments, fell by nearly 74.3...

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