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Beijing

Chinese EV startup Xpeng shares soar after $744 million deal with Didi

by Horatio Thompson
Chinese EV startup Xpeng shares soar after 4 million deal with Didi

Didi launched a free robotaxi service in parts of Shanghai in 2020. Vcg | Visual China Group | Getty Images BEIJING — Chinese electric car company Xpeng said Monday it …

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Foxconn founder Terry Gou announces run for Taiwan presidency

by Walter Watson
Foxconn founder Terry Gou announces run for Taiwan presidency

Terry Gou Tai-ming, founder and chairman of Taiwan’s Foxconn Technology, speaks during the Canton Tower Science & Technology Conference Guangzhou on December 8, 2016 in Guangzhou, Guangdong Province of China. …

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Australia wants normalized China trade ties, wants trade curbs dropped

by Walter Watson
Australia wants normalized China trade ties, wants trade curbs dropped

Australia wants trade ties with China to be normalized, but Beijing must first remove the remaining trade curbs, said Australia’s assistant minister for trade told CNBC. Canberra is in dialogue …

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Xiaomi, With $10 Billion Investment Pledged, Wins China Approval to Make Electric Vehicles

by Maya Ortiz
Xiaomi, With  Billion Investment Pledged, Wins China Approval to Make Electric Vehicles

Xiaomi has won the approval of China’s state planner to manufacture electric vehicles (EVs), said two people with knowledge of the matter, marking a major step towards the smartphone maker’s …

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U.S. seeks to bring Japan and South Korea closer with eye on China

by Walter Watson
U.S. seeks to bring Japan and South Korea closer with eye on China

US President Joe Biden, Japan’s Prime Minister Fumio Kishida, and South Korea’s President Yoon Suk Yeol pose for photos ahead of their trilateral meeting during the G7 Leaders’ Summit in …

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July industrial output, fixed asset, retail miss expectations

by Walter Watson
July industrial output, fixed asset, retail miss expectations

China’s massive real estate market has struggled after decades of debt-fueled, rapid growth. Bloomberg | Bloomberg | Getty Images BEIJING — China reported July data that broadly missed expectations. The …

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Taiwan will not back down to threats, VP William Lai says on U.S. trip

by Walter Watson
Taiwan will not back down to threats, VP William Lai says on U.S. trip

A supporter of the main opposition Kuomintang (KMT) waves a Taiwanese flag during a rally outside the KMT headquarters ahead of the party’s expected announcement of their 2024 presidential candidate …

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U.S. executive order on China shows it’s learning from Russia mistakes

by Vera Ward
U.S. executive order on China shows it’s learning from Russia mistakes

The White House has announced a ban on some U.S. investment in China in sensitive technologies such as computer chips in the latest ratcheting up of Washington’s disassociation from Beijing …

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China property market roiled by default fears, Country Garden spooks investors

by Ron Morgan
China property market roiled by default fears, Country Garden spooks investors

Pictured here are residential buildings developed by Country Garden Holdings Co. in Baoding, Hebei province, China, on Tuesday, Aug. 1, 2023. Qilai Shen | Bloomberg | Getty Images BEIJING — …

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China reports smaller-than-expected drop in consumer prices

by Walter Watson
China reports smaller-than-expected drop in consumer prices

Customers at a fresh food market in Shanghai, China, on Monday, Aug. 7, 2023. Bloomberg | Bloomberg | Getty Images BEIJING — China reported a 0.3% drop in consumer prices …

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