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BUSINESS1d agoThe U.S. and China created a new 'Trade Board' built on buzz wordsThe governing document for the coalition to haggle over tariffs spans just two pages and lists no authors.latimes · united states of america
BUSINESS1d agoMapping US chip supply chain: China accounts for far more than it appears, report saysChina accounts for about 5 per cent of the equipment and materials directly supplied to the US chip industry when measured by country of manufacture, but its grip on certain rare earths needed for chipmaking is over 90 per cent, according to the Semiconductor Industry Association (SIA). While 95 per cent of the nearly US$27 billion annual spending by American chipmakers on manufacturing equipment and materials was sourced from companies headquartered in the US, Europe, and Japan, that figure...South China Morning Post
BUSINESS1d agoVolkswagen sees sharpest delivery decline in four years; China volumes tumble almost 39%Volkswagen has experienced its sharpest decline in deliveries in four years, with volumes in China falling significantly. This indicates a notable downturn in performance for the major automotive company.Seeking Alpha Tech
BUSINESS1d agoChina-EU car deal eases trade tensions for now at leastChina agreed to cut millions of hybrid car exports to the European Union over the next four years, easing simmering trade tensions ahead of a key meeting of European leaders later this week. The deal will slow exports to half or less the pace currently predicted by the EU, the bloc’s trade chief, Maros Sefcovic, told a press conference in Beijing on Friday after two days of negotiations. Next year alone, it will pare shipments by up to 700,000 vehicles and trim as much as €14 billion (US$16...South China Morning Post
BUSINESS1d agoVolkswagen third quarter deliveries fall on plummeting China demandVolkswagen experienced a decline in third-quarter deliveries due to a significant drop in demand from China. This highlights challenges faced by the automotive giant in a key international market.investing_us · united states of america
BUSINESS2d agoWhy China is importing a record amount of gold — and what it means for pricesBeijing’s push to diversify away from the dollar and Chinese households’ search for a safe place to put their savings has fueled China’s record gold buying.CNBC
BUSINESS2d agoParis motor show: Macron calls for European preference against ChinaOn Monday, the French president will open his final Paris Motor Show, pushing his "Made in Europe" agenda: tying state aid for this key industry to genuinely EU-based production.EuroNews [en]
BUSINESS2d agoEurope can fight the ‘China shock’But it requires Brussels to prioritise creative destruction over protectionismFinancial Times
BUSINESS2d agoWhy are mainland China’s tax officials suddenly so interested in my Hong Kong MPF?For the past few months, this newspaper has extensively covered China’s ongoing clampdown on tax avoidance, especially its push to tax the income of super-rich families held in offshore trusts. We never expected to become targets of the campaign ourselves. But there have been signs in recent weeks that officials are starting to take an interest even in the incomes of South China Morning Post journalists, with several of us being contacted by the tax man. First, a colleague with our Beijing...South China Morning Post
BUSINESS3d agoJapan’s Sumitomo Bakelite expands China chip packaging materials output amid AI boomJapanese semiconductor materials giant Sumitomo Bakelite plans to expand production of advanced chip packaging materials in China and Singapore, marking the second such announcement for its Chinese operations in less than four months as artificial intelligence drives demand for more sophisticated semiconductors. The Tokyo-based company said on Friday that it would add production lines for mould underfill (MUF) materials and compression-moulding granules at its facilities in Suzhou, eastern...South China Morning Post
BUSINESS3d agoCould Thai durian export duty mean higher prices, higher quality in China?A Thai government proposal to charge export duties on durians, a major cash crop, could raise prices for the fruit in China – its primary market – along with the quality, analysts said. Thailand’s draft bill to establish a fund for research and “sustainable” development of the durian sector would include the collection of fees, the government’s public relations department said last month. Southeast Asian media outlets and agricultural publications have tipped the export duty to be as high as 2...South China Morning Post
BUSINESS3d agoChina passenger vehicle retail market slumps 24% in SeptemberChina's passenger vehicle retail market experienced a significant decline of 24% in September. This indicates a notable downturn in a key sector of the Chinese economy.Seeking Alpha Tech
BUSINESS3d agoVanEck China Bond ETF $CBON Stock: Client First Investment Management LLC Increases HoldingsClient First Investment Management LLC increased its holdings in VanEck China Bond ETF (NYSEARCA:CBON – Free Report) by 148.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 121,045 shares of the company’s stock after buying an additional 72,413 shares during […]dailypolitical · united states of america
BUSINESS3d ago"View from Elsewhere" N°191 - Facing China, the coming trade warLETTRE EXCLUSIVE ABONNÉS - La revue de presse européenne, par Édouard de Mareschal.Le Figaro International
BUSINESS3d agoCan China’s dancing robots swing some new business partners in Africa?At events marking China’s National Day in Africa on October 1, robots provided the entertainment. In Luanda, Angola, dancing robots amused guests and ambassador Zhang Bin called the industry “a small snapshot of the Chinese economy’s move towards innovation and higher-quality development”. In Brazzaville, Congo, nearly 400 guests – including Congolese officials and Chinese business representatives – watched on as a robot dog performed. Guests also interacted with a robot dog at a Chinese New...South China Morning Post
BUSINESS4d agoPort of LA, key US point for China imports has best-ever quarter despite trade uncertaintyThe Port of Los Angeles, the largest container port in the United States and the country’s leading gateway for imports from China and other Asian countries, had its busiest three-month period on record from July through to September, despite persistent uncertainty over tariffs and shifting global trade supply chains. “If there was ever a time for a drum roll, this is it,” said Gene Seroka, executive director of the Port of Los Angeles, during a media briefing on Friday. “July through September...South China Morning Post
BUSINESS4d agoChina, EU reach deal to 'moderate' China's car exports to EUAn agreement between the EU and China would reduce exports of Chinese electric and plug-in hybrid cars to the 27-member European bloc by up to 50%, according to the EU trade envoy.DW News [en]
BUSINESS4d agoMidday Need to Know: Delta slides on earnings miss, Tesla gains on China sales & moreThis article summarizes midday market movements, noting Delta's stock decline due to missed earnings and Tesla's gains from China sales. It provides a snapshot of current significant company financial news.Seeking Alpha Tech
BUSINESS4d agoEU and China strike deal to curb car exports and avert trade warBrussels claims Beijing will more than halve hybrid vehicle exports as bloc secures concessions on rare earths and market accessIrish Times World
BUSINESS4d agoEU-China understanding could halve Chinese hybrid car exportsAn understanding between the EU and China has the potential to reduce Chinese hybrid car exports by half. This suggests a significant impact on international trade and the automotive market.Seeking Alpha Tech
BUSINESS4d agoChina and EU avert trade conflict with ‘understanding’ on hybrid carsEuropean trade commissioner says Beijing has agreed to restrict vehicle exports in deal that shows negotiation ‘brings results’Financial Times
BUSINESS4d agoChina and EU agree on hybrid cars, rare earths after trade talksBoth sides said they would adhere to 'procedures concerning company price undertakings' of hybrid cars in a joint statement released on Friday. Beijing also committed to continuing the supply of vital items such as rare earth minerals to the EU.Le Monde [en]
BUSINESS4d agoChina and Europe agree to cut Chinese hybrid vehicle exports by halfEurope's trade chief Maroš Sefčovič cast the two days of talks with China's Commerce Minister Wang Wentao in Beijing as a positive first step.CNBC
BUSINESS4d agoTesla’s China-made EV sales rise as Europe recovery continuesTesla's electric vehicle sales manufactured in China are increasing, coinciding with an ongoing recovery in the European market. This indicates positive sales trends for the company in key international markets.Seeking Alpha Tech
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