The European Union and China have agreed on a framework aimed at easing tensions over the import of Chinese-made electric vehicles into the European market, following months of trade friction triggered by steep EU tariffs. Under the agreement announced on Monday, Brussels outlined next steps through a new guidance document setting out conditions for Chinese […]
Tesla has reported weaker-than-expected vehicle sales for the fourth quarter of 2025, losing its long-held position as the world’s largest electric vehicle maker by annual sales to China’s BYD. The Elon Musk-led company delivered 418,227 vehicles in the final three months of the year, bringing its total EV sales for 2025 to about 1.64 million […]
At a recent briefing, Han Wenxiu, executive deputy director of the Office of the Central Committee for Financial and Economic Affairs, outlined China’s economic policies for 2025. The remarks followed the Central Economic Work Conference and provided critical insights into the policy direction and strategic priorities for the year ahead. Here’s a breakdown of the […]
Beijing, China — China is poised to enhance its energy self-sufficiency and solidify its position as a global leader in renewable energy in the coming years, according to the National Energy Administration (NEA) during a conference on Sunday. With a continued emphasis on clean energy expansion and energy security, China is accelerating efforts to boost […]
As the holiday season approaches, Chinese manufacturers are ramping up their production and shipments to Western markets, responding to the surge in demand for Christmas-themed goods and small electronics in Europe and the United States. December and January mark peak shopping periods in these regions, and Chinese exports—particularly through cross-border e-commerce platforms—have experienced significant growth, […]
In a strategic move to sharpen its focus on core business areas, Alibaba Group Holding Ltd announced on Tuesday that it will sell its department store chain Intime to Youngor, a leading textile and apparel company, for 7.4 billion yuan ($1.02 billion). This decision aligns with Alibaba’s ongoing efforts to streamline its operations and concentrate […]
China’s ambitious push to boost domestic consumption could be further enhanced if the government leverages its significant wealth and assets to directly support household incomes and social welfare, according to leading economists. The idea is to transition a portion of the State-owned capital—which currently is reinvested to generate new capital—into initiatives that stimulate consumption, particularly […]
Beijing, China — Bayer Consumer Health has launched a green transportation initiative in China, replacing traditional diesel vehicles with natural gas vehicles for goods transportation along two key routes. The project, which was rolled out in November, is expected to reduce carbon emissions by up to 13%, underscoring Bayer’s commitment to sustainable practices in its […]
MADRID — Franco-Italian automaker Stellantis and Chinese battery giant Contemporary Amperex Technology Co Ltd (CATL) have announced a major investment of 4.1 billion euros ($4.3 billion) to form a joint venture aimed at constructing a large-scale lithium iron phosphate (LFP) battery plant in Zaragoza, Spain. The facility, slated to begin production by the end of […]
China is considering unconventional monetary measures to finance a bolder fiscal expansion next year, marking a significant shift in policy to address mounting economic uncertainties. Policy researchers and economists indicated that the People’s Bank of China (PBOC) may engage in substantial government bond purchases and implement aggressive interest rate cuts, alongside reducing banks’ reserve requirements. […]
