Chinese Automakers
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Good news for car shoppers: Automakers, dealers can’t maintain the permanent car shortage they hoped for
The pandemic and the supply chain disruptions that followed it taught the auto industry a lesson. They’re quickly unlearning it.MarketWatch - Business -
Tesla delayed deliveries of its Cybertruck in recent days, buyers said, the latest stumble for the automaker facing weakening demand for its electric vehicles.
Tesla delayed deliveries of its Cybertruck in recent days, buyers said, the latest stumble for the automaker facing weakening demand for its electric vehicles.The Wall Street Journal - World -
Nasdaq, S&P 500 Climb After PPI Data Lands
U.S. stocks climbed after wholesale price data came in slightly lower than expected.The Wall Street Journal - World -
Wider war in Europe ‘no longer a fantasy’, warns EU’s top diplomat
Josep Borrell says Russia threatens the continent beyond the conflict in UkraineFinancial Times - Business -
EU launches probe into Chinese wind turbine companies
Investigation uses new powers to protect European companies from state-backed foreign rivalsFinancial Times - World - European Union -
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Fake UK stamps blamed on Chinese-made counterfeits
People are unknowingly buying fakes from Chinese firms through online marketplaces, reports suggest.BBC News - Top stories - United Kingdom -
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Marijuana tied to Chinese criminal networks infiltrates Maine
Maine is the newest frontier for the illicit marijuana trade, with potentially hundreds of suspected unlicensed grow houses operating in the state.CBS News - Top stories -
Chinese Regulators Downplay Effects of New Equities Rules
Chinese regulators sought to reassure investors in the wake of new rules governing its beleaguered equities markets, saying the once-in-a-decade changes will affect relatively few of the country’s thousands of publicly traded companies.The Wall Street Journal - World -
Biden calls for tripling of tariffs on Chinese steel
US also to probe Chinese shipbuilding as president’s re-election campaign fights for votes in PennsylvaniaFinancial Times - Business - Joe Biden -
Biden Calls for Steep Hike to Tariff on Chinese Steel
The president wants to increase a key tariff rate on Chinese steel and aluminum products to 25% from 7.5%.The Wall Street Journal - World - Joe Biden -
Biden calls for tripling tariffs on Chinese metals
PITTSBURGH — President Joe Biden called for tripling tariffs on Chinese steel and aluminum Wednesday when he spoke to union members in battleground Pennsylvania.NBC News - Politics - Joe Biden -
Biden to Call for Tripling Tariffs on Chinese Steel Products
In a speech to union steelworkers in Pittsburgh, the president will announce several new measures meant to raise new barriers against floods of Chinese imports.The New York Times - Business - Joe Biden -
Why Biden wants to raise tariffs on Chinese steel
President Biden called for tripling the tariff rate on steel and aluminum imports from China Monday, a move that reflects simmering geopolitical tensions with the world’s top steel producer as well as an increasingly protectionist economic posture ...The Hill - Politics - Joe Biden -
Biden pushes for tariff hike on Chinese steel
President Biden called for higher tariffs on Chinese metal products while meeting with steelworkers in Pittsburgh on Wednesday. Gene Sperling, senior adviser to the president, explains why the White House is pushing for the hike.CBS News - Top stories - Joe Biden -
Chinese Exports Are Threatening Biden’s Industrial Agenda
The president is increasingly hitting back with tariffs and other measures meant to restrict imports, raising tensions with Beijing.The New York Times - Top stories - Joe Biden -
Chinese cities sinking under their own weight
Extracting ground water for growing urban populations causes half of China's big cities to sink.BBC News - Top stories -
Taiwanese groups consider overseas headquarters to hedge against Chinese attack
Global efforts to secure supply chains put pressure on contractors to establish ‘alternative command system abroad’Financial Times - Business -
FirstFT: Traders buy European over US bonds in bet on swifter ECB rate cuts
Also in today’s newsletter, OpenAI and Meta ready new AI models, and stories from the Darién Gap migrant routeFinancial Times - World -
U.S. Stocks Drop As Inflation Lingers
U.S. stocks fell broadly as a hot inflation reading had investors pushing back the timeline for the Fed to start cutting interest rates.The Wall Street Journal - World -
Chinese EV Maker XPeng Makes Inroads in Hong Kong, Macau
Chinese electric-vehicle maker XPeng is gearing up to sell its cars in Hong Kong and Macau, part of efforts to expand beyond the overcrowded market in mainland China.The Wall Street Journal - World -
Germany Passed its First Chinese Test---This One Is Trickier
The “China Shock 2.0” is the latest threat to the German model. Yet economic policy is in a paralysis: Unlike in the 2000s, the country’s different corporate interests are no longer aligned.The Wall Street Journal - World -
Drugmakers race to find alternative suppliers as US cracks down on Chinese biotech
WuXi AppTec and WuXi Biologics under threat from proposed national security legislationFinancial Times - World -
Chinese fraud victims seek return of £3bn in bitcoin seized in UK
Group calls for help from Beijing to recover funds held by London police since money laundering investigationFinancial Times - World - Crypto -
The Chinese émigrés leaving the pressures of home for laid back Chiang Mai
Thai tourist hotspot popular with backpackers has become an unlikely second home for thousands of Chinese people seeking alternative lifestyles. Approaching her mid-30s, Xiong Yidan reckons that most of her friends are on to their second or even ...The Guardian - World -
Chinese EV Maker XPeng Makes Inroads in Hong Kong, Macau
Chinese electric-vehicle maker XPeng is gearing up to sell its cars in Hong Kong and Macau, part of efforts to expand beyond the overcrowded market in mainland China.The Wall Street Journal - Business -
Extreme tariffs on Chinese imports could hurt the U.S. more than China
Americans already pay more for China-sourced goods.MarketWatch - Business - China -
U.S. Stocks Erase Early Gains
U.S. stocks extended recent declines as March retail sales increased more than expected, causing traders scale back bets on Fed rate cuts.The Wall Street Journal - World -
Research for Sale: How Chinese Money Flows to American Universities
Many U.S. colleges have lucrative contracts with companies based in China, despite deepening rivalries between the countries.The Wall Street Journal - World -
Apple loses smartphone crown to Samsung as Chinese rivals gain ground
iPhone sales fall 10 per cent in first quarter of 2024 while groups including Xiaomi and Transsion register huge growthFinancial Times - Business - Apple -
German chancellor urges Chinese industry bosses to play fair in EU market
Olaf Scholz says European cars should have equal access to Chinese customers. Europe live – latest updatesThe chancellor of Germany has urged industry bosses in China to play fair by not overproducing cheap goods or infringing copyright rules.. ...The Guardian - World - Germany -
Beijing half marathon organizers investigate Chinese runner's controversial win
Organizers of the Beijing Half Marathon said they were investigating after video appeared to show three African runners allowing a Chinese athlete to win.NBC News - Top stories - China -
BNP Paribas gets green light for fully owned Chinese securities venture
Regulatory approval comes as Chinese economic growth slowsFinancial Times - World -
Chinese Developer Sinks After HSBC Subsidiary Files Liquidation Petition
A subsidiary of HSBC wants to liquidate debt-troubled Times China, in another instance of creditors seeking to recoup funds from developers amid China’s protracted property slump.The Wall Street Journal - World -
Manufacturers need to face up to new wave of Chinese competition
Pace of post-pandemic development a wake-up call for western companiesFinancial Times - Business -
Why pressure on Ricciardo is high - F1 Q&A before Chinese GP
BBC Sport's F1 correspondent Andrew Benson answers your questions before this weekend's Chinese Grand Prix.BBC News - Top stories -
Fitch Ratings Downgrades Outlook for Chinese State-Owned Banks
Fitch Ratings has downgraded the outlook for six Chinese state-owned banks amid concerns about the government’s ability to support the sector in the event of stress.The Wall Street Journal - World -
Chinese internet amused by building that looks like sanitary pad
The blueprint of North Nanjing train station has attracted reaction for all the wrong reasons.BBC News - Top stories