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The lull in the US-China trade war amid new flaring tensions over the arrest of Huawei finance chief can only backfire at Washington as Beijing holds a trump card, veteran stockbroker Peter Schiff has warned. Schiff, who serves as the CEO of Euro Pacific Capital, voiced his grim prediction for the outcome of US’ attempts […]
This year marks the fifth anniversary of the Belt and Road initiative, proposed by Chinese authorities in the autumn of 2013. The ambitious project is aimed at creating infrastructure networks linking Europe, Asia and Africa. So far, the challenging project has attracted around 100 countries across three continents. The new infrastructure project links Asia, Europe, […]
Chinese alternative asset managers have become the latest casualty of the country’s crackdown on debt and financial risk, with a record number of private equity and hedge funds dissolving in recent months as new regulations limit their fundraising. In the first six months of this year, the Asset Management Association of China (Amac) — a […]
In Jinan, China, there’s a section of highway over which some 45,000 vehicles drive every day. A company called Qilu Transportation Development Group is converted about two-thirds of a mile of that roadway to generate solar electricity — enough to power the highway lights and 800 homes. Qilu Transportation isn’t stopping there, though. Looking forward […]
BOAO, China — Chinese President Xi Jinping promised on Tuesday to open the country’s economy further and lower import tariffs on products starting with cars, in a speech seen as an attempt to defuse an escalating trade dispute with the United States. While most of the pledges were reiterations of previously announced reforms, which foreign […]
From the files of lesser-noticed Geneva auto show unveilings comes this, a new full-electric offering from Shanghai-based LVCHI Auto. It’s called the Venere and it’s billed, we’re not sure why, as a limousine. Keep in mind that the company’s only been around since 2016, while the Venere project only kicked off last year in concert […]
STOCKHOLM – China’s Geely Holding, owner of the Volvo car brand, is buying an 8.2 percent stake in Swedish truckmaker AB Volvo from activist investor Cevian Capital, worth around $ 3.3 billion at current market prices. Geely’s expertise in the Chinese market and skills in developing electric and autonomous vehicles should help the truckmaker to […]
BEIJING — General Motors’ China joint ventures will be able to generate enough new energy vehicle (NEV) sales volume to meet government production quotas by 2019 and without the need to buy credits, GM China chief Matt Tsien said on Monday. China has set stringent production quotas for NEVs which automakers must meet by 2019, […]
Published time: 24 Oct, 2017 09:44 China’s ruling Communist Party has formally enshrined President Xi Jinping’s political thoughts into its constitution, raising his status to the country’s most powerful leader in decades and putting him on par with party founder Mao Zedong. The party unanimously passed the amendment to include “Xi Jinping Thought on Socialism […]
China’s Ruoteng Xiao is the new men’s all-around champion after winning gold on Thursday night at the artistic gymnastics world championships in Montreal, Que. Xiao finished with a score of 86.933 points ahead of compatriot Chaopan Lin (86.448) and Kenzo Shirai (86.431) of Japan, who took bronze. Xiao Ruoteng wins gold in all-around finals at […]
