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New LME Russia Metals Sanctions to Drive Sales to China: US and UK sanctions on Russian metals will cement China as Moscow’s buyer of last resort for key ...
bloomberg.com/news/articles/2024-04-15/new-sanctions-on-russia-to-drive-even-more-metals-sales-to-china
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Tesla to lay off more than 10 percent of its workers as sales slow: "Cost reductions and increased productivity" needed, says Musk.
arstechnica.com/cars/2024/04/tesla-to-lay-off-more-than-10-percent-of-its-workers-as-sales-slow/
Quick Glance: Tesla to Cut 14,000 Jobs, Elon Musk Aims for Lean Brand
- Tesla is laying off more than 10% of its global workforce, equivalent to at least 14,000 roles, in response to slowing demand and price pressure.
- Elon Musk announced the 'difficult decision' in a memo, mentioning that Tesla had experienced role and function duplications in certain areas due to rapid growth in recent years.
- The job cuts follow a difficult start to the year for the electric carmaker, citing production problems caused by unforeseen factors and a decline in global demand.
- Tesla recorded a gross profit margin of 17.6% in the fourth quarter, the lowest in over four years, attributed to repeated price cuts and increased competition in China.
Germany's Scholz in China: we want fair auto market but no dumping: German Chancellor Olaf Scholz on Monday pressed his case for an open and fair European market ...
reuters.com/business/germanys-scholz-china-we-want-fair-auto-market-no-dumping-2024-04-15/
Quick Glance: Scholz Organizes Crisis Diplomacy in China
- Scholz condemns Iran's attacks on Israel and plans crisis communication with G7 partners.
- China trip focusing on economy and geopolitical role, despite dilemma in relations.
- Business delegation accompanies Scholz, de-risking in other countries, export wave heading towards Germany.
- Scholz aims to influence China regarding Ukraine conflict and Iran crisis, despite existing dependencies.
China Vanke says it faces short-term liquidity pressure: State-backed China Vanke said it is facing short-term liquidity pressure and operational difficulty ...
reuters.com/business/china-vanke-says-it-faces-short-term-liquidity-pressure-2024-04-15/
Germany’s Leader, Olaf Scholz, Walks a Fine Line in China: Chancellor Olaf Scholz tried to promote German business interests while delivering warnings from ...
nytimes.com/2024/04/16/world/asia/olaf-scholz-germany-china.html
US opens probe into 3,322 GM Cadillac Lyriq EVs over loss of brake assist: The U.S. National Highway Traffic Safety Administration (NHTSA) said on Monday it has ...
reuters.com/business/autos-transportation/us-opens-probe-into-over-3300-gm-cadillac-lyriq-vehicles-over-loss-brake-assist-2024-04-15/
Apple faces worst iPhone slump since Covid-19 as China rivals rise: The iPhone-maker’s steep sales decline comes after its strong performance in the December ...
straitstimes.com/business/apple-s-iphone-shipments-plunge-10-as-android-rivals-rise
Quick Glance: Samsung Takes Smartphone Crown from Apple
- Apple loses top position in the global smartphone market to Samsung as Chinese competitors gain traction.
- Samsung regains its status as the world's largest smartphone manufacturer in the first quarter of 2024, just three months after Apple claimed the top spot.
- The market's strongest growth comes from two Chinese manufacturers, while Apple continues to face challenges in the world's largest smartphone market.
- Despite an overall increase in global smartphone shipments, Apple experiences a decline in iPhone sales in China and misses out on much of the broader industry recovery.
Is China’s Economy Finally Sprouting Green Shoots?: Hello, this is Allen Wan in Shanghai.
bloomberg.com/news/newsletters/2024-04-12/is-china-s-economy-finally-sprouting-green-shoots
Huawei building vast chip equipment R&D center in Shanghai: TAIPEI -- Huawei Technologies is building a massive semiconductor equipment research and development ...
asia.nikkei.com/Business/Tech/Semiconductors/Huawei-building-vast-chip-equipment-R-D-center-in-Shanghai
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Hong Kong martial arts film icon Sammo Hung on his career, stars including Donnie Yen, Bruce Lee and Jackie Chan – and eating
scmp.com/magazines/post-magazine/long-reads/article/3258746/hong-kong-martial-arts-film-icon-sammo-hung-his-career-stars-including-donnie-yen-bruce-lee-and
Studio Ghibli exhibit goes to Shanghai as latest hit opens in China: SHANGHAI -- An immersive Studio Ghibli exhibit is coming to Shanghai on Friday ...
asia.nikkei.com/Business/Media-Entertainment/Studio-Ghibli-exhibit-goes-to-Shanghai-as-latest-hit-opens-in-China
Paid articlePaid Exclusive: US airlines, unions urge Biden administration not to approve more China flights
reuters.com/business/aerospace-defense/us-airlines-unions-urge-biden-not-approve-more-china-flights-2024-04-11/
Chinese-owned Dutch Chipmaker Nexperia Hit With Cyberattack: Nexperia Holding BV, a Dutch chipmaker owned by Shanghai-listed Wingtech Technology Co. ...
bloomberg.com/news/articles/2024-04-12/chinese-owned-dutch-chipmaker-nexperia-hit-with-cyberattack
Paid articlePaid China's exports likely swung back to contraction in March: China's exports likely declined in March after they grew at a better-than-expected pace in the first ...
reuters.com/markets/asia/chinas-exports-likely-swung-back-contraction-march-2024-04-11/
An Etsy entrepreneur is exposing Tesla's shortcomings to new owners taking delivery
thestreet.com/electric-vehicles/an-etsy-entrepreneur-is-exposing-teslas-shortcomings-to-new-owners-taking-delivery
Quick Glance: Potential Risk: Tesla Stock Price Faces Dramatic Decline
- Per Lekander labels Tesla as the largest stock market bubble in modern history.
- He warns that the absence of growth endangers Tesla's stock price and poses a risk of collapse.
- Lekander forecasts a potential drop in the stock price to just $14 per share, reflecting a 91% decrease. He critiques Tesla's business model and highlights current demand challenges.
China eyes home-grown aircraft engine, larger commercial planes with big equipment upgrades by 2027
scmp.com/economy/china-economy/article/3258534/china-eyes-home-grown-aircraft-engine-larger-commercial-planes-big-equipment-upgrades-2027
China's Gen Z turns frugal as economic gloom spreads: SHANGHAI/NEW YORK -- At 24 years old, Zhang Ru is not a target customer of the Shanghai community dining ...
asia.nikkei.com/Spotlight/Asia-Insight/China-s-Gen-Z-turns-frugal-as-economic-gloom-spreads
Microsoft and NetEase to Relaunch Warcraft and Other Games in China: The deal between the gaming company Blizzard, now owned by Microsoft, and the Chinese giant ...
nytimes.com/2024/04/10/business/warcraft-returns-china-blizzard-netease.html
Quick Glance: Revival of Warcraft and Other Games in China
- NetEase and Microsoft aim to reintroduce popular titles like "World of Warcraft" in China.
- The reestablishment of the partnership between Blizzard Entertainment and NetEase is in progress.
- NetEase's stock price surged due to the upcoming announcement.
- The renewed publishing agreement covers a variety of games from well-known franchises.
Yellen faces tough road on China's excess capacity problem: U.S. Treasury Secretary Janet Yellen arrives in China's southern factory hub of Guangzhou on Thursday ...
reuters.com/business/energy/yellen-faces-tough-road-chinas-excess-capacity-problem-2024-04-04/
Germany says Europe is open to Chinese cars but not at any price: German Chancellor Olaf Scholz pressed his case on Monday for an open and fair European market ...
cnn.com/2024/04/15/business/china-germany-chancellor-cars-overcapacity-hnk-intl/
Elon Musk's fight with Brazil exposes his fear of China: Elon Musk is refusing to ban X accounts is response to an order from Brazil's courts.
businessinsider.com/elon-musk-moraes-brazil-china-freedom-of-speech-x-oppose-2024-4
Quick Glance: Elon Musk and the Support of Far-Right in Brazil
- A court in Brazil is planning an investigation against X owner Elon Musk for alleged obstruction of justice, following Musk's reactivation of accounts belonging to far-right individuals that were flagged by the Brazilian government for removal.
- Under Musk's leadership, X has transformed into a sanctuary for the far right and dissemination of misinformation, resulting in an escalation of hate speech on the platform.
- Experts caution that Musk is establishing a dangerous precedent by protecting and promoting the far right on his platform, regardless of local regulations or public opinion.
- Despite Musk's claims of advocating for free speech, the implementation of these principles on the platform has been inconsistent under his direction, especially concerning government requests to deactivate accounts.
Xiaomi's EV buyers face month-long waits for deliveries in sign of robust demand: China's Xiaomi is advising potential buyers of its SU7 electric sedan that they ...
reuters.com/business/autos-transportation/xiaomis-ev-buyers-face-up-seven-month-wait-car-app-shows-2024-04-01/
Quick Glance: Xiaomi begins deliveries of over 100,000 orders for first EV
- Xiaomi receives over 100,000 orders for its first electric car SU7 and starts deliveries.
- The first deliveries come from a limited batch of 5,000 cars, named the "Founder's Edition."
- Xiaomi advises buyers of potential wait times of four to seven months due to strong demand.
- The launch of the SU7 fulfills the ambitions of CEO Lei, who announced the company's entry into EVs in 2021.
Ping An Trust delays repayment, citing China property market woes: A subsidiary of China's Ping An Insurance failed to repay a roughly $107 million trust product ...
reuters.com/world/china/ping-an-trust-delays-repayment-citing-china-property-market-woes-2024-04-11/
How Tesla and its Chinese competitor compare, in 4 charts: The Shenzhen-based firm has become the world’s leading manufacturer of electric vehicles (EVs) ...
cnn.com/2024/04/03/cars/china-tesla-byd-competition-hnk-intl-dg/
Quick Glance: Comparing Tesla and Its Chinese Rival
- BYD surpassed Tesla in global electric vehicle sales in the last quarter of 2023, but they remain neck and neck.
- Tesla is the world's most valuable car company with a market cap of $560 billion, while BYD ranks among the top 10 automakers.
- BYD's competitive pricing has propelled its rise in the EV market, while Tesla, although cutting prices in China, remains more expensive than BYD.
- Both companies are expanding beyond their home markets, with Tesla in China and BYD in the USA and abroad.
China's crowded wine market offers no lifeline for struggling global industry: Australia's wine industry has cheered news that China will drop anti-dumping ...
reuters.com/markets/asia/chinas-crowded-wine-market-offers-no-lifeline-struggling-global-industry-2024-04-05/
US criticism of Chinese overcapacity rehashes 'China threat' rhetoric, Xinhua says
reuters.com/world/china/us-criticism-chinese-overcapacity-rehashes-china-threat-rhetoric-xinhua-says-2024-04-06/
China's services activity growth speeds up in March, Caixin PMI shows: China's services activity growth accelerated in March as new business rose at the quickest ...
reuters.com/world/china/chinas-services-activity-growth-speeds-up-march-caixin-pmi-shows-2024-04-03/
Exclusive: China's SAIC aims to slash jobs at GM, VW ventures and EV unit, sources say
reuters.com/business/autos-transportation/chinas-saic-aims-slash-jobs-gm-vw-ventures-ev-unit-sources-say-2024-03-31/
Grifols to refinance debt due in 2025 via sales of notes, Shanghai RAAS stake: Spanish drug maker Grifols plans to meet its debt payments in 2025 with the ...
reuters.com/business/healthcare-pharmaceuticals/grifols-refinance-debt-due-2025-via-sales-notes-shanghai-raas-stake-2024-04-10/
Xiaomi's EV buyers face month-long waits for deliveries in sign of robust demand: China's Xiaomi is advising potential buyers of its SU7 electric sedan that they ...
reuters.com/business/autos-transportation/xiaomis-ev-buyers-face-up-seven-month-wait-car-app-shows-2024-04-01/
China steel bar producers call for authorities to restrict output amid price slump
reuters.com/world/china/china-steel-bar-producers-call-authorities-restrict-output-amid-price-slump-2024-04-02/
It’s Getting Harder for Women to Deliver Babies in China : Hi, it’s Karen. It’s getting harder to find a place to deliver a baby in China. But before I explain…
bloomberg.com/news/newsletters/2024-04-01/it-s-getting-harder-for-women-to-deliver-babies-in-china
Commentary: Global brands need to change the way they court Chinese consumers: The growing purchasing power of China’s millennial and Gen Z consumers requires a ...
channelnewsasia.com/commentary/china-consumers-chinese-millennial-gen-z-global-brands-4252716
China Vanke shares hit record low after disappointing earnings, payout cut: The Hong Kong-listed shares of state-backed property developer China Vanke slid as ...
reuters.com/business/shares-china-vanke-set-open-down-37-after-earnings-2024-04-02/
From whether the ECB will show a green light for rate cuts to promising signs in China's economy, these are the stories to watch for in business and finance ... Show more www.reuters.com/business/take-five/global-markets-themes-2024-04-05/
Goldman’s China Co-Head Morse to Retire After 16 Years: Goldman Sachs Group Inc.’s co-head of its China business, E.G. Morse, will retire after 16 years at the ...
bloomberg.com/news/articles/2024-04-09/goldman-s-co-head-of-china-morse-to-retire-after-16-years
Paid articlePaid Huawei plans lowest dividend payout per share since 2019: Huawei Technologies' parent company plans to pay 77.095 billion yuan ($10.65 billion) in dividends to ...
reuters.com/business/finance/chinas-huawei-investment-plans-107-bln-dividends-2024-04-02/
Exclusive: Beijing nudged Syngenta to withdraw $9 billion Shanghai IPO on market weakness
reuters.com/markets/asia/beijing-nudged-syngenta-withdraw-9-bln-shanghai-ipo-market-weakness-sources-say-2024-04-03/
Former head of Chinese automaker JAC under investigation, anti-graft watchdog says
reuters.com/world/china/former-head-chinese-automaker-jac-under-investigation-corruption-2024-04-02/
Solomon Islands prepares for ‘most important election since independence’: Voters worry about state of economy and cost of living as foreign analysts focus on ...
aljazeera.com/news/2024/4/16/solomon-islands-prepares-for-most-important-election-since-independence
Commentary: China’s homegrown COMAC jet has its eye on Southeast Asia after Singapore debut
channelnewsasia.com/commentary/china-plane-comac-c919-singapore-airshow-boeing-airbus-4226401
Ex-head of China's Guangzhou Port in custody amid anti-graft probe
asia.nikkei.com/Spotlight/Caixin/Ex-head-of-China-s-Guangzhou-Port-in-custody-amid-anti-graft-probe
Volkswagen To Invest $2.7 Billion In China, Add EV Models: Announcement comes ahead of expected visit by German Chancellor Olaf Scholz
forbes.com/sites/russellflannery/2024/04/12/volkswagen-to-invest-27-billion-in-china-add-ev-models/
How Tesla Planted the Seeds for Its Own Potential Downfall: Elon Musk’s factory in China saved his company and made him ultrarich. Now, it may backfire.
nytimes.com/2024/04/09/podcasts/the-daily/tesla-china-ev.html
Exclusive: China's SAIC aims to slash jobs at GM, VW ventures and EV unit, sources say
reut.rs/3PL1ygW
Non-stop from Copenhagen, Denmark to Shanghai, China for only €473 roundtrip: Non-stop flights from Copenhagen, Denmark to Shanghai, China for only €473 ...
secretflying.com/posts/copenhagen-denmark-to-shanghai-china-for-only-e361-roundtrip/
Morning Bid: China's positive PMIs set bullish tone: A look at the day ahead in Asian markets.
reuters.com/markets/asia/global-markets-view-asia-graphic-pix-2024-03-31/
A billionaire helped bring ‘3-Body Problem’ to Netflix. His business partner ensured he never lived to see its premiere
cnn.com/2024/04/03/china/billionaire-three-body-problem-netflix-intl-hnk/
China Plans to Ditch Intel, AMD Chips in Telecom Networks: China makes another move toward phasing out all foreign chips, this time targeting its telecom ...
pcmag.com/news/china-ditch-intel-amd-chips-telecom-networks
U.S. Scrutiny of Chinese Company Could Disrupt U.S. Supply Chain for Key Drugs: Lawmakers raising national security concerns and seeking to disconnect a major ...
nytimes.com/2024/04/15/health/wuxi-us-drugs-congress.html
Quick guide to JB’s trendy Austin Heights: Where to eat, play and stay: Johor Bahru’s trendiest neighbourhood has been recently on the wane but a new expansion ...
cnalifestyle.channelnewsasia.com/travel/johor-bahru-jb-austin-heights-mount-austin-386646
Syngenta Pulls China IPO Application After Three-Year Wait: Syngenta Group withdrew its long-delayed application for a $9 billion initial public offering in ...
bloomberg.com/news/articles/2024-03-29/syngenta-plans-to-withdraw-china-ipo-application-on-weak-market
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As a tourist destination, Xiamen doesn’t get the same recall as Shanghai or Beijing. But this city in Fujian has its own noteworthy attractions and can be a ... Show more #ShareAsia www.rappler.com/life-and-style/travel/chinese-culture-budget-how-guide-plan-trip-xiamen-china/
Commentary: From Temu to TikTok Shop, are Chinese e-commerce players winning over the West?
channelnewsasia.com/commentary/china-e-commerce-shopping-app-temu-shein-tiktok-us-amazon-4245901
Xpeng: Chinese electric car start-up sells in the classic way in car dealerships: The next electric car brand is coming to Germany from China: Xpeng was only ...
zeit.de/mobilitaet/2024-04/xpeng-deutschland-start-elektroauto-volkswagen
Non-stop from Budapest, Hungary to Shanghai, China for only €469 roundtrip: Non-stop flights from Budapest, Hungary to Shanghai, China for only €469 roundtrip.
secretflying.com/posts/budapest-hungary-to-shanghai-china-for-only-e383-roundtrip/
David McWilliams: America and China are pursuing a type of industrial cold war: David McWilliams: Travails of Musk and Tesla tell us something far bigger than ...
irishtimes.com/opinion/2024/04/13/america-and-china-are-pursuing-a-type-of-industrial-cold-war/
Ancient DNA reveals intriguing details about a sixth century Chinese emperor: Scholars have speculated about the sixth-century emperor’s looks ...
cnn.com/2024/03/28/asia/ancient-dna-chinese-emperor-wu-scn/
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IM Motors opens pre-sale for solid-state powered L6 sedan, starting under $32,000
electrek.co/2024/04/08/im-motors-opens-pre-sale-solid-state-powered-l6-sedan-starting-under-32000/
With China EV launch, Xiaomi's Lei Jun, takes on Elon Musk: Xiaomi co-founder and CEO's marketing strategy for his EV borrows directly from Musk
gulfnews.com/business/retail/with-china-ev-launch-xiaomis-lei-jun-takes-on-elon-musk-1.1711712014855
Quick Glance: Xiaomi's 'Thor' Challenges Elon Musk with China EV Launch
- Lei Jun, Xiaomi's co-founder and CEO, unveils a highly anticipated electric car in China that challenges Tesla's 'Thor'.
- Xiaomi's EV marketing strategy mirrors Elon Musk's approach, with Lei Jun being dubbed 'Thor' by fans.
- Xiaomi's SU7 model enters the Chinese EV market at an attractive price, with production supported by Beijing authorities.
- Venturing into the premium market poses new challenges for Xiaomi, despite receiving significant orders for the SU7 model.
China is not to blame for the snail’s pace of US EV progress: The latest buzzword in the Western media’s China reporting,
scmp.com/opinion/china-opinion/article/3258226/china-not-blame-snails-pace-us-ev-progress
Europe opens competition probes covering Chinese solar panel makers over subsidies
cnn.com/2024/04/03/business/europe-china-solar-panel-subsidies-probes/
Tesla China Price Hike Meets Slew of Cuts From Other Carmakers: China’s automakers are piling in to take advantage of Tesla Inc.’s recent price hike and defend ...
bloomberg.com/news/articles/2024-04-01/tesla-china-price-hike-meets-slew-of-cuts-from-other-carmakers
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#BangkokPost : If Thailand wants to achieve its goal of becoming a regional aviation hub, international airlines recommend facilities development at key airports ... Show more #business #airlines #transport #service #airport www.bangkokpost.com/business/general/2769844/airline-suggests-facilities-upgrade-to-reach-hub-status
Taiwan earthquake: mainland China rail services back to normal in time for Ching Ming travel rush
scmp.com/economy/china-economy/article/3257852/taiwan-earthquake-mainland-china-rail-services-back-normal-time-ching-ming-travel-rush
3 Body Problem: Lawyer sentenced to death for Lin Qi murder: Xu Yao, who worked on the Netflix adaptation, poisoned his colleague Lin Qi over a business dispute.
bbc.com/news/world-asia-china-68705857
China’s rival to Boeing and Airbus looks to Asia first: Aircraft maker hopes C919 will pick up initial overseas orders in south-east Asia
ft.com/content/19319a2f-b913-4711-a94b-7915248ee67a
Paid articlePaid Singapore Airlines to resume flights to 3 Chinese cities from Apr 22 after disruption due to 'regulatory reasons'
channelnewsasia.com/singapore/singapore-airlines-sia-resume-flights-chinese-cities-april-22-regulatory-reasons-4234596
After Baltimore bridge collapse, unfounded conspiracy theories include a role for China
scmp.com/news/china/article/3257501/after-baltimore-bridge-collapse-unfounded-conspiracy-theories-include-role-china
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Hit by strongest quake in 25 years: THE biggest earthquake in Taiwan in at least 25 years killed nine people, injuring more than 800 ...
thestar.com.my/aseanplus/aseanplus-news/2024/04/04/hit-by-strongest-quake-in-25-years
Quick Glance: Taiwan Rejects China's Aid Offer After Earthquake
- Taiwanese authorities have not yet estimated the cost of recovering from the massive, deadly earthquake that hit the island on Wednesday.
- China offered aid, but Taiwan swiftly turned it down due to their conflict-ridden relationship.
- Taiwan's quick rejection likely stems from lingering bitterness over how the 1999 earthquake was handled.
- China's aid always comes with conditions, leading to Taiwan's resistance based on distrust and military threats.
China bride price experiment promotes women living with future husbands to test compatibility before cash changes hands
scmp.com/news/people-culture/trending-china/article/3256597/china-bride-price-experiment-promotes-women-living-future-husbands-test-compatibility-cash-changes
8 things to know about EV founder William Li, China's Elon Musk: William Li — the CEO of Chinese EV company Nio and often called the Elon Musk of China — grew up ...
businessinsider.com/nio-ev-founder-william-li-elon-musk-of-china-2024-3
Paid articlePaid EXCLUSIVE: Tech war: China quietly making progress on new techniques to cut reliance on advanced ASML lithography machines
scmp.com/tech/tech-war/article/3257442/tech-war-china-quietly-making-progress-new-techniques-cut-reliance-advanced-asml-lithography
China online dating celebrity who would ‘rather cry in a BMW than smile on a bicycle’ reveals domestic violence hell
scmp.com/news/people-culture/trending-china/article/3256874/china-online-dating-celebrity-who-would-rather-cry-bmw-smile-bicycle-reveals-domestic-violence-hell
China reports more trips by foreign travellers in first 2 months of 2024 as visa-free policies take effect
scmp.com/news/china/diplomacy/article/3257249/china-reports-more-trips-foreign-travellers-first-two-months-2024-visa-free-policies-take-effect
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China steps up checks for people bypassing the ‘Great Firewall’: Police are stopping people in public and checking their phones for apps used to get around ...
rfa.org/english/news/china/phones-police-checks-03262024133232.html
Should frozen Russian assets be handed over to Ukraine?: Western governments are finding it increasingly difficult to muster the funding Ukraine needs to defend ...
scmp.com/opinion/world-opinion/article/3257673/should-frozen-russian-assets-be-handed-over-ukraine
Inside Gordon Ramsay’s First Restaurant in China: Gordon Ramsay at The Residence Shanghai is also the celebrity chef's first restaurant inside a private ...
wwd.com/eye/lifestyle/weekend-gordon-ramsays-the-residence-restaurant-in-china-1236258264/
Quick Glance: Squatters Cause Chaos in Gordon Ramsay's London Pub
- Gordon Ramsay's eatery, York & Albany, was taken over by squatters as the celebrity chef was in the process of finalizing a deal with new partners.
- A shocking moment revealed an individual barefoot and sprawled on a black leather sofa inside the restaurant surrounded by personal items and waste, including scattered empty wine bottles.
- At least six 'professional squatters' - five men and one woman - were identified living inside the restaurant and its adjacent bedrooms.
- The squatters went as far as threatening legal action against anyone attempting to evict them from the premises.
Scholz gives cannabis tips at a Chinese university: War in Ukraine, dispute over Taiwan and an impending trade conflict: There are many difficult topics on the ...
wn.de/welt/politik/scholz-gibt-an-chinesischer-uni-cannabis-tipps-2956656
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