China’s BYD to Launch Electric Vehicles in Mexico Next Year
Chinese electric vehicle maker BYD announced it will launch its cars in Mexico next year, with a senior executive setting its sales target at up to 30,000 vehicles by 2024. Next year, BYD will start selling all-electric versions of its Tang sport utility vehicle (SUV) alongside its Han sedan through eight dealerships across Mexico, the […]
China’s Markets Fall as Covid Protests Make Investors Nervous
Chinese assets plunged on Monday as a sense of chaos and uncertainty gripped traders after growing protests against Covid restrictions complicated the nation’s path to reopening. The Hang Seng China Enterprises Index fell more than 2% in afternoon trading, with technology and real estate stocks leading the decline. The onshore Yuan weakened 0.6% against the […]
Hiring in China’s Small Businesses Doesn’t Pick Up From Record Low
Hiring activities for China’s smallest companies were near a record low last month, underscoring how the slump due to a property recession and Covid Zero controls is affecting companies that are the backbone of the economy. The Blue Collar employment index for small and medium-sized enterprises, which are mainly in manufacturing and services, showed little […]
North Korea, China Resume Freight Train Services: Reports
North Korea and China have resumed freight train services after a five-month suspension. The suspension was due to the pandemic, South Korean media reported. A freight train traveled from the Chinese border town of Dandong to North Korea’s Sinuiju, South Korea’s Yonhap news agency reported on Monday. Trains had been suspended since April 29, following […]
US Sends ‘Dangerous Signals’ to Taiwan, China Tells Blinken
China has accused the United States of sending “very wrong and dangerous signals” to Taiwan. China told Washington it had no “right to interfere” in any method Beijing can use to “solve” the Taiwan issue. Taiwan was the focus of 90 minutes of “direct and honest” talks. U.S. Secretary of State Antony Blinken and Chinese […]
Tesla’s Battery Supplier in China Operates under Covid Restrictions
The world’s largest maker of electric car batteries said its largest plant in China is operating a factory bubble to comply with the country’s zero-tolerance restrictions on swine flu. Yibin’s factory has imposed a closed-loop system. This system will allow it to operate in an orderly manner. It will be complying with measures to contain […]
The World’s Top Airline Stocks are in Asia Despite China’s Blockades
Asian airline stocks are by far the best performing among their global peers this year. These airlines are racking up gains as most of the region reopens for travel. China even sticks to its Covid-Zero strategy, imposing lockdowns and limiting travel. Airline stocks in Asia are the only gains in a Bloomberg indicator of global […]
IMF warns of risks of slowing Covid vaccination rates in China
The International Monetary Fund (IMF) called on China. The call is to speed up its coronavirus vaccination program. IMF gives a warning that the sharp slowdown in the pace of new doses administered. As a result, this administration could undermine the recovery in consumer spending in the economy. At the current rate, providing three doses […]