Tesla has reported a record high of monthly sales of China-made electric vehicles in September, as it continues to ramp production in the world’s number-two economy. The carmaker delivered 83,135 Read more
Tag: China
Chip stocks slammed by new ban on chip and AI technology for China
The chip sector melted down Friday after U.S. regulators moved to pump the brakes on China’s military ambitions by issuing new restrictions on semiconductor and AI technology that can be Read more
Yellen: Important to recognize there are international spillovers from central bank tightening in advanced countries
U.S. Treasury Secretary Janet Yellen on Thursday said that central banks must continue the task of fighting inflation but have to recognize that their tightening efforts can ripple through the Read more
Chinese EV maker Nio’s stock resumes selloff, even as quarterly deliveries rise to a record
Shares of Nio Inc. resumed its recent selloff toward a more than four-month low on Monday, reversing an earlier intraday gain, after the China-based electric-vehicle maker reported an uptick in Read more
War between U.S. and China would produce a global ‘devastation’ worse than WWI, Kissinger says
“ ‘One of the overwhelming dangers in the world is that a war between two high-tech countries like the U.S. and China is likely to produce a devastation…which would be Read more
Deloitte China to pay $20 million SEC penalty for audit failures ‘at the most basic level’
The Securities and Exchange Commission announced Thursday that Big-Four accounting firm Deloitte’s China affiliate had agreed to pay $20 million to settle charges that it has asked clients to select Read more
World Bank gloomier on China, sees growth lagging that of East Asia for the first time since 1990
SINGAPORE—The World Bank said it expects developing economies in East Asia to grow faster than China this year for the first time since 1990, as the world’s second-largest economy struggles Read more
Apple’s iPhone 14 sales come up short in China, report says
Sales of iPhone 14 are off to a sluggish start in China. Consumers snapped up 987,000 units in the first three days of delivery, 11% lower than comparable sales of Read more
Holders of China Evergrande onshore bond grant 6-month extension on payment
Holders of an onshore bond issued by China Evergrande Group have agreed to extend the interest repayment date by six months as the embattled property developer struggles to meet its Read more
Oil prices boosted by supply worries, China demand
Oil futures got a lift early Thursday, finding support on concerns that Russia’s escalation of its invasion of Ukraine could further crimp energy flows, as well as the prospect of Read more