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China Association of Automobile Manufacturers (CAAM) has published a report indicating a decline in car sales in the country for the seventh consecutive month. In January, sales fell by 17.7% relative to the first month of 2018. In December, its fall was at the level of 15.8%. Compared with December, the number of cars sold decreased by 9.49%, amounting to 2 million 110 thousand units. The decline of the Chinese car market, the largest in the world, was observed last year for the first time in 28 years. The number of sedans sold decreased by 14.9%, off-road vehicles - by 18.9%. Last year, auto dealers sold vehicles 15.8% less than in 2017.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
On Tuesday, Tesla Inc.’s (TSLA.O) Chief Executive Officer Elon Musk announced that the automotive company would start to open its licensing software to supply powertrains and batteries for other car manufacturers. “Tesla is open ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...
The dollar was under pressure on Monday as the escalating U.S.-China tensions weighed on the market, while investors worried that the U.S. coronavirus resurgence could stall economic recovery. The dollar fell to a four-month low on the yen ...
KYC Policy