official currency of the People's Republic of China
Tesla cuts prices in US, China and Germany as competition heats up: Tesla has announced aggressive price cuts in China and Germany, shortly after reducing prices ...
cnn.com/2024/04/22/cars/tesla-price-war-china-germany-us-intl-hnk/
Quick Glance: Tesla cuts prices in US, China and Germany as competition intensifies
- Tesla has announced aggressive price cuts in China and Germany, shortly after reducing prices in the United States, as the world’s largest maker of electric vehicles (EV) faces declining sales and growing competition in major markets.
- The prices of four models were slashed in China by 14,000 yuan ($1,932), while in Germany, the price of the Model 3 rear-wheel drive was lowered by 2,000 euros ($2,132). Earlier cuts were made in the US, with prices of three models reduced, while prices for the Model 3 and Cybertruck remained unchanged.
- The price cuts come during a tough time for Tesla, with a significant stock plunge and a drop in quarterly deliveries. Elon Musk postponed his planned India trip due to company obligations. In China, Tesla's price cuts escalate an existing price war in a highly competitive sector influenced by other manufacturers like BYD offering more affordable options.
- The price wars in China began in 2022 and continue with over 30 car makers announcing further price reductions, impacting the entire auto industry's profit margins. Competitors like BYD and XPeng are also offering subsidies and lowering prices to attract buyers in the EV market, posing challenges to Tesla's market dominance.
Asia’s central bankers struggle to contain strong US dollar: Shifting US interest rate expectations put pressure on Japan’s yen and China’s renminbi
ft.com/content/ad6c7827-a476-412d-899f-a1a12845b6e5
China’s Big Data Release to Show If Economy Rebounded
bloomberg.com/news/live-blog/2024-04-16/china-quarterly-gdp-key-data
China leaves benchmark lending rates unchanged, in line with expectations: China left benchmark lending rates unchanged at a monthly fixing on Monday ...
reuters.com/world/china/china-leaves-benchmark-lending-lprs-unchanged-line-with-expectations-2024-04-22/
Tesla cuts prices in China, Germany and around globe after US cuts: Tesla has cut prices in a number of its major markets, including China and Germany ...
reuters.com/business/autos-transportation/tesla-cuts-prices-across-its-line-up-china-2024-04-21/
China's cycle of dollar hoarding and weakening yuan gets vicious: Chinese businesses are hoarding dollars because they expect their own currency to weaken ...
reut.rs/44h7QeB
CNY/USD: China’s Yuan to Test Key 7.3 Level After Fixing Surprise: China’s second attempt in a month to loosen its grip on the yuan is opening up the door for ...
bloomberg.com/news/articles/2024-04-16/china-s-fixing-surprise-paves-way-for-yuan-to-test-key-7-3-level
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China's foreign investment inflows fall 26.1% despite 'openness' vows: HONG KONG -- China's inbound foreign investment shrank 26.1% on the year in the ...
asia.nikkei.com/Economy/China-s-foreign-investment-inflows-fall-26.1-despite-openness-vows
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Tesla’s closest Chinese rival, Li Auto, slashes prices as EV discount war spreads to premium market
scmp.com/business/china-business/article/3259873/teslas-closest-chinese-rival-li-auto-slashes-prices-ev-discount-war-spreads-premium-market
China Real Estate Crisis: Private Builders Face $553 Billion Gap to Finish Homes: Chinese private developers face a 4 trillion yuan ($553 billion) funding gap to ...
bloomberg.com/news/articles/2024-04-15/china-real-estate-crisis-private-builders-face-553-billion-gap-to-finish-homes
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Asian finance officials raise ‘serious concerns’ over strong dollar: Emerging-market currencies have been under pressure from shifting US interest rate ...
ft.com/content/63c36478-8cf3-438e-91e2-97a8888773d1
Million-Dollar Jobs for Star Analysts at Risk in China Research Pullback: Brokerage analysts in China are confronting a harsh new reality.
bloomberg.com/news/articles/2024-04-17/million-dollar-analyst-jobs-at-risk-in-china-research-pullback
China’s Credit Expansion Keeps Slowing as Loans Disappoint: China’s credit expansion continued to slow in March and banks extended less loans than expected ...
bloomberg.com/news/articles/2024-04-12/china-s-credit-expansion-beats-expectations-in-march
Paid articlePaid China's Gen Z turns frugal as economy doubts linger: 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-economy-doubts-linger
Paid articlePaid Dollar rises to 5-month high, puts heat on yen; GDP data boosts yuan
reuters.com/markets/currencies/dollar-firms-after-hot-retail-sales-yen-languishes-china-data-awaited-2024-04-16/
China Brokers Woo ‘Snowball’ Derivative Buyers With 40% Returns After Stock Rout: Chinese securities firms are dangling near record-high returns to lure ...
bloomberg.com/news/articles/2024-04-21/china-brokers-woo-snowball-derivative-buyers-with-40-returns-after-stock-rout
China's BYD eyes luxury brands to boost profit margins: GUANGZHOU -- Chinese electric vehicle leader BYD may have no choice but to turn to its luxury brands like ...
asia.nikkei.com/Business/Automobiles/China-s-BYD-eyes-luxury-brands-to-boost-profit-margins
China to facilitate Hong Kong IPOs and expand Stock Connect: China will facilitate Hong Kong listings by leading Chinese companies and expand the Stock Connect ...
reuters.com/world/china/china-facilitate-hong-kong-ipos-expand-stock-connect-2024-04-19/
Tesla slashes China prices nearly $2,000, in line with US cuts: Tesla has lowered prices by close to $2,000 for its vehicle lineup in China following similar ...
dailysabah.com/business/automotive/tesla-slashes-china-prices-nearly-2000-in-line-with-us-cuts
Humble China street vendor makes sacrifices to support academically gifted daughters who gain PhD and master’s degree, goes viral
thestar.com.my/tech/tech-news/2024/04/17/humble-china-street-vendor-makes-sacrifices-to-support-academically-gifted-daughters-who-gain-phd-and-masters-degree-goes-viral
PBOC to Give $69 Billion in Loans to Boost Science, Technology: The People’s Bank of China said it will set up a relending program of as much as 500 billion yuan ...
bloomberg.com/news/articles/2024-04-07/pboc-to-give-69-billion-in-loans-to-boost-science-technology
Paid articlePaid China's weak yuan forces central bank to hold rates steady: BEIJING -- China's central bank has kept key lending rates unchanged again as its monetary ...
asia.nikkei.com/Economy/China-s-weak-yuan-forces-central-bank-to-hold-rates-steady
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More university graduates in China turning to smaller cities for employment: Report
channelnewsasia.com/asia/china-university-graduates-smaller-cities-employment-wages-shanghai-beijing-4275211
The proportion of yuan trading in Russia's foreign exchange market hit a fresh record in March.
This reflects the currency's increasing significance to the ... Show more www.wionews.com/videos
CATL First-Quarter Net Rises as Battery Dominance Pays Dividends: Contemporary Amperex Technology Co. Ltd.’s first-quarter profit rose as the battery maker’s ...
bloomberg.com/news/articles/2024-04-15/catl-first-quarter-net-rises-as-battery-dominance-pays-dividends
Paid articlePaid China Reiterates Need for Steady Yuan (CNY USD) as Dollar Strengthens: China reiterated the need to prevent one-sided moves in the yuan, as a resurgent dollar ...
bloomberg.com/news/articles/2024-04-18/china-reiterates-need-for-steady-yuan-amid-fragile-confidence
China’s ICBC Plans $5.5 Billion Sale of Loss-Absorbing Bonds: Industrial and Commercial Bank of China Ltd. is planning to issue as much as 40 billion yuan ($5 ...
bloomberg.com/news/articles/2024-04-09/china-s-icbc-plans-5-5-billion-sale-of-loss-absorbing-bonds
Paid articlePaid Chinese couple abandons baby with nanny for $55mn inheritance from ex-partner : In China, a couple left their baby with a nanny, citing a large inheritance of ...
wionews.com/world/chinese-couple-abandons-baby-with-nanny-for-55mn-inheritance-from-ex-partner-711515
China central bank to set up $70bn tech re-lending program: BEIJING (Reuters) - China's central bank will set up a 500 billion ...
asia.nikkei.com/Economy/China-central-bank-to-set-up-70bn-tech-re-lending-program
Chinese-made Loongson 3A6000 CPU makes a debut in $387 mini PC: The Loongson 3A6000 CPU is now available as an SoC for a Morefine M700S mini PC intended for ...
tomshardware.com/desktops/mini-pcs/chinese-made-loongson-3a6000-cpu-makes-a-debut-in-dollar387-mini-pc
Big three Chinese airlines extend losing streak as rivals rise after COVID: HONG KONG -- China's big three state-owned airlines are lagging behind as ...
asia.nikkei.com/Business/Transportation/Big-three-Chinese-airlines-extend-losing-streak-as-rivals-rise-after-COVID
Paid articlePaid China badminton player paralysed after standing on stray cat in stadium during game, court orders feline ‘keeper’ pay US$33,000 in compensation
scmp.com/news/people-culture/trending-china/article/3256183/china-badminton-player-paralysed-after-standing-stray-cat-stadium-during-game-court-orders-feline
China natural disasters cost $3.3 billion in first quarter: Government : Floods, droughts, an earthquake and freezing conditions in China caused direct economic ...
english.alarabiya.net/News/world/2024/04/13/china-natural-disasters-cost-3-3-billion-in-first-quarter-government-
Global firms with China units tempted by cheaper renminbi funding: Global companies with China businesses are increasingly issuing renminbi debt to finance ...
reuters.com/world/china/global-firms-with-china-units-tempted-by-cheaper-renminbi-funding-2024-04-09/
Chinese AI Mogul’s Wife Admits to $21 Million of Secret Trades: Chinese regulators are zeroing in on one of the country’s most prominent AI and computing firms ...
bloomberg.com/news/articles/2024-04-12/chinese-ai-mogul-s-wife-admits-to-21-million-of-secret-trades
Paid articlePaid High Premiums the Latest Thing Weighing on China’s EV Market: In another setback for electric car demand in China, where uptake has slowed in recent months ...
bloomberg.com/news/articles/2024-04-05/high-premiums-the-latest-thing-weighing-on-china-s-ev-market
Paid articlePaid From consumption to tourism, China’s middle class holds the key to revving up economic engine, but can they turn it?
scmp.com/economy/economic-indicators/article/3259046/consumption-tourism-chinas-middle-class-holds-key-revving-economic-engine-can-they-turn-it
BYD unveils new low-cost ‘interstellar chariot’ electric SUV complete with a drone landing
electrek.co/2024/04/16/byd-unveils-new-interstellar-chariot-electric-suv-with-drone-pad/
China couple abandon baby with nanny after claiming they will receive US$55 million inheritance from woman’s ex
scmp.com/news/people-culture/social-welfare/article/3257533/china-couple-abandon-baby-nanny-after-claiming-they-will-receive-us56-million-inheritance-womans-ex
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
Disgraced actress Zheng Shuang sued by production firm for owing US$12.5 million, faces 3-year jail if assets concealed
scmp.com/news/people-culture/china-personalities/article/3257913/disgraced-actress-zheng-shuang-sued-production-firm-owing-us125-million-faces-3-year-jail-if-assets
Chinese Banks Hold Lending Rates With Yuan Under Pressure: Banks in China maintained their benchmark lending rates on Monday, following the Chinese central ...
bloomberg.com/news/articles/2024-04-22/chinese-banks-hold-lending-rates-with-yuan-under-pressure
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Samsung’s 2024 BAR Plus USB flash drive is now available: Unleash the power of the Samsung BAR Plus USB flash drive. Securely store your files and enjoy ...
gizchina.com/2024/04/22/samsung-bar-plus-usb-flash-drive/
Pig numbers continue to decline: After pig farmers suffered heavy losses last year, pig populations in the People's Republic of China are now being reduced ...
topagrar.com/schwein/news/schweinebestand-sinkt-weiter-20002418.html
TCL Unveils Flagship Q10K Pro Mini-LED TV Line: Up To 98″ With 4K 144Hz Panel, 3800nits Brightness
wccftech.com/tcl-unveils-q10k-pro-mini-led-tv-line-98-inches-4k-144hz-panel-3800nits-brightness/
China’s $3.7 Trillion Wealth Industry Is Plagued by Sub-3% Returns: Low-risk investments that yield 3% are becoming rare. It’s disorienting for a nation of ...
bloomberg.com/opinion/articles/2024-04-21/china-s-3-7-trillion-wealth-industry-is-plagued-by-sub-3-returns
China Q1 GDP Rises 5.3%, Retail Sales Up 3.1%: China's March data illustrates that it will be difficult to rely on consumption alone this year to drive ...
wwd.com/business-news/government-trade/china-q1-gdp-1236315698/
Huawei launches new Pura 70 series phones equipped with self-developed Kirin 9010 chip
technode.com/2024/04/19/huawei-launches-new-pura-70-series-phones-equipped-with-self-developed-kirin-9010-chip/
Young Chinese ease their angst
over economy by playing lottery: Lottery shops in China are ditching bland storefronts to reinvent themselves as hipster hangouts ...
thestar.com.my/news/focus/2024/04/21/young-chinese-ease-their-angst-over-economy-by-playing-lottery
The Chinese yuan is accounting for a growing share of international payments, while the euro’s share continues to ebb, according to Swift www.bloomberg.com/news/articles/2024-04-18/yuan-usage-extends-global-climb-as-euro-share-slips-swift-says
China set to keep lending benchmark LPRs unchanged in April: SHANGHAI: China is widely expected to leave benchmark lending rates unchanged on Monday ...
thestar.com.my/business/business-news/2024/04/19/china-set-to-keep-lending-benchmark-lprs-unchanged-in-april
JD introduces avatar of founder Richard Liu to promote goods in move to lure shoppers
technode.com/2024/04/18/jd-introduces-avatar-of-founder-richard-liu-to-promote-goods-in-move-to-lure-shoppers/
Vanke’s Denials Say Everything About China Property: Two rampant market rumors pinpoint the developers’ biggest weaknesses. They won’t go away.
bloomberg.com/opinion/articles/2024-04-15/vanke-s-denials-say-everything-about-china-property
Paid articlePaid China's Strong Growth Is Puzzling the Chinese: Strong first-quarter numbers are puzzling the Chinese, who witness a stagnant economy daily ...
bloomberg.com/opinion/articles/2024-04-17/china-s-strong-growth-is-puzzling-the-chinese
Paid articlePaid China Drains Cash From Banking System Amid Yuan (CNY USD) Pressures: China withdrew cash from the banking system for a second consecutive month ...
bloomberg.com/news/articles/2024-04-15/china-drains-cash-via-mlf-for-second-month-amid-yuan-concern
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Property Developer Debt Collection Enters New Phase With Shimao Liquidation: A unit of China Construction Bank has asked a court to liquidate Shimao Group ...
seekingalpha.com/article/4684207-deadbeat-developer-debt-collection-enters-new-phase-with-shimao-liquidation
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OPPO A1s and A1i: Dimensity 6020, up to 12GB RAM, 512GB storage: OPPO has introduced two new smartphones in the Chinese market, the OPPO A1s and the OPPO A1i ...
noypigeeks.com/android/oppo-a1s-a1i/
China Set to Keep Key Rate, Liquidity Steady to Cement Recovery: China may hold a key interest rate and make liquidity abundant this week when a policy loan ...
bloomberg.com/news/articles/2024-04-14/china-set-to-keep-key-rate-liquidity-steady-to-cement-recovery
Paid articlePaid Ximalaya Aims High In Third Listing Attempt: Ximalaya has filed to list in Hong Kong after reportedly being pressured by Chinese government officials to withdraw ...
seekingalpha.com/article/4683993-ximalaya-aims-high-third-listing-attempt
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Expensive parts in Realme GT Neo6 SE: How much will it cost to replace the brightest screen in a smartphone? | NEWS.am TECH - Innovations and science
tech.news.am/eng/news/3303/expensive-parts-in-realme-gt-neo6-se-how-much-will-it-cost-to-replace-the-brightest-screen-in-a-smartphone.html
Realme GT Neo6 SE announced with SD 7+ Gen 3 and 100W charging : Realme's latest midrange offering is set to go on open sale from April 15 in China ...
gsmarena.com/realme_gt_neo6_se_announced_with_sd_7_gen_3_and_100w_charging_-news-62392.php
Redmi Turbo 3 Launches In China With Snapdragon 8s Gen 3, Air Gestures, HyperOS, And More
gizmochina.com/2024/04/10/redmi-turbo-3-launched-in-china/
USD/CNY: Weak Yuan Would Most Impact Southeast Asian Currencies: China watchers calling for Beijing to loosen its grip on the besieged yuan need to be mindful of ...
bloomberg.com/news/articles/2024-04-10/world-s-fx-traders-are-as-much-at-mercy-of-yuan-as-the-dollar
Paid articlePaid BYD and Mercedes-Benz tease new co-branded luxury electric vehicle coming this year
electrek.co/2024/04/05/byd-mercedes-benz-tease-new-co-branded-luxury-electric-vehicle/
China requires short web dramas to file first, then stream: China’s National Radio and Television Administration has required short web dramas must submit to ...
technode.com/2024/04/12/china-requires-short-web-dramas-to-file-first-then-stream/
Data don’t show China cutting export prices overall: China’s exports fell in March by 7.5% year-on-year, although the fall was mainly due to base effect: Chinese ...
asiatimes.com/2024/04/data-dont-show-china-cutting-export-prices-overall/
CNY USD: China Sticks to Yuan Support After Dollar Surges on Inflation Data: China signaled continued support for its currency as broad strength in the dollar ...
bloomberg.com/news/articles/2024-04-11/china-sticks-to-yuan-support-after-dollar-s-post-cpi-surge
Paid articlePaid CNY USD: China Maintains Yuan FX Defense After It Tests Policy Red Line: China stuck to a pattern of keeping yuan weakness contained as pressure from a resilient ...
bloomberg.com/news/articles/2024-04-08/china-maintains-yuan-defense-after-it-tests-policy-red-line
Shanghai Aims to Spur Top Brands to Open First Asian Store in City: The First in Shanghai initiatives will award 1 million renminbi, or $37,875 ...
wwd.com/business-news/government-trade/shanghai-incentive-brand-open-first-asian-store-1236309846/
Boy and the Heron Earns Absolutely Ridiculous Box Office Haul in China: Chinese audiences have flocked to see The Boy and the Heron with an opening weekend that ...
screenrant.com/boy-heron-box-office-china-ridiculous-ghibli-miyazaki/
Road King, CVC Said to Weigh Options for Indonesian Toll Roads: Road King Infrastructure Ltd. and CVC Capital Partners are considering options for their holdings ...
bloomberg.com/news/articles/2024-04-08/road-king-cvc-said-to-weigh-options-for-indonesian-toll-roads
Paid articlePaid China’s Yuan Red Line Response Has Traders Eyeing Monday Fix: Traders will keep a closer eye than usual Monday on China’s daily yuan reference rate ...
bloomberg.com/news/articles/2024-04-07/china-s-yuan-red-line-response-has-traders-eyeing-monday-fix
Paid articlePaid Chinese automakers post sharp annual profit drops as international partners hit by domestic competition
technode.com/2024/04/08/chinese-automakers-post-sharp-annual-profit-drops-as-international-partners-hit-by-domestic-competition/
Chinese EV makers see sales recovery in March as Xiaomi enters the fray: The initial success of Xiaomi’s first EV is having a knock-on effect on most other ...
technode.com/2024/04/02/chinese-ev-makers-see-sales-recovery-in-march-as-xiaomi-enters-the-fray/
Can you believe this young Chinese influencer ‘Little Fairy’ with 7.7 million fans pays US$13 million in taxes?
scmp.com/news/people-culture/china-personalities/article/3256572/can-you-believe-young-chinese-influencer-little-fairy-77-million-fans-pays-us13-million-taxes
BYD’s affordable Seagull EV poised to arrive as the UK’s cheapest electric car: BYD’s most affordable Seagull EV, starting under $10,000 (69,800 yuan) ...
electrek.co/2024/04/03/byds-affordable-seagull-likely-launch-uks-cheapest-ev/
A 24-year-old tech worker said she was presented with a labor arbitration claim from her former employer, Pinduoduo, requesting that she pay 280 ... Show more asia.nikkei.com/Spotlight/The-Big-Story/China-s-tech-workers-trapped-in-jobs-by-noncompete-contracts
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