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Import of cars to China in July increased to a record $ 7billion 400 million. According to The Wall Street Journal, European and Japanese companies took advantage of the reduction from 25% to 15% of the import duty for cars in the PRC, which did not affect the US automakers. According to the data of the customs administration of the People's Republic of China, the deliveries of foreign companies to China rose to 165 thousand cars in July, exceeding the record of 2014 in 134 thousand cars. As reported by the China Association of Automobile Manufacturers, in July, car sales in China decreased by 4% in annual terms to 1 million 890 thousand cars. Sales of freight transport increased by 3.3%, sales of cars fell by 5.3%.
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 ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
On Monday, Remington Arms Co. filed for bankruptcy protection for the second time since 2018 as the U.S. firearms manufacturer faced financial difficulties due to gun sales restrictions. According to the court filing, the company filed for ...
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, ...
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