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In China, total vehicle sales, including trucks and buses, rose 11.5% in annual terms to 2 million 320 thousand units in April, the China Automobile Manufacturers Association (CAAM) said. Cars were sold in the amount of 1 million 910 thousand, which is 11.2% more than a year earlier, thanks to the measures taken by the authorities to stimulate demand for electric vehicles. Sales of cars increased by 4.8%, of commercial vehicles - by 6.6%. The implementation of electric cars in April reached 81,904 cars, and in the first 4 months of the year the figure increased by 149% in annual terms to 225 thousand 310 cars. According to The Wall Street Journal, experts predict that sales of electric vehicles in China will exceed 1 million units this year. In the first quarter, China accounted for about half of the global sales of electric vehicles.
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 dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
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 ...
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