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The Chinese Association of Automobile Manufacturers reported that in April, car sales in China fell by 14.6% compared with the same month a year earlier to 1.98 million vehicles after a decline of 5.2% in March. The fall of the indicator has been fixed in the country for the past 10 months. The first decline in sales for the year was noted in China at the end of 2018, when the figure fell by 6% to 22.7 million vehicles. In addition to the negative impact of a slowdown in economic growth and the effects of the US-Chinese trade war, a downward impact on the number of cars sold was also noted in April due to new emission standards introduced in some provinces ahead of expectations.
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