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Sales of cars in China increased in May by 9.6% in annual terms due to the continued high demand for cars. According to the China Association of Automobile Manufacturers, the total sales of vehicles, including trucks and buses, amounted to 2 million 290 thousand units. Last month, 1 million 890 thousand cars were sold, which is 4.9% more than a year ago. Car sales for the period from January to May increased by 5.7% to 11 million 790 thousand units. During this time, the production of cars in China increased by 3.8%. The production of cars on new energy sources increased by 123% in annual terms, sales grew by 142%.
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 ...
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 ...
Oil prices rose on Friday as the dollar dropped to a near two-year low, but demand worries amid rising coronavirus cases and the worsening U.S.-China tensions capped gains. Brent crude gained 0.4%, or 15 cents, at $43.46 per barrel. U.S. West ...
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