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Carmakers and dealers are struggling to make money in the world’s biggest auto market and oversupply, along with fierce competition, has left scores of firms on the brink of collapse
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Asia Media Digest
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Daily roundup of the best New Economy stories from other media
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The move – seen as a bid to placate the US and protect jobs – will increase tariffs on $52 billion worth of imports in sectors such as textiles, steel and automotive
Beijing has drawn up new rules to target tax evasion among small refiners, plus the EC is threatening to impose sanctions on Chinese refineries that take Russian oil
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With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors
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Market InsightsHere’s How China’s ‘Self-Interest’ May Be Adding to Global InflationChina’s imposition of tariffs and restrictions on metals, food, and energy is worsening the pressure on global inflation
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Oil & GasIndia Is Likely Exporting Refined Russian Oil to the WestIndia’s fast-rising Russian oil imports are being matched by its rising oil exports suggesting it may be reselling Russia’s oil to the West.
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Market InsightsFresh snap lockdowns put China’s economic recovery in perilChina’s economy slowed sharply in the second quarter due to widespread lockdowns. Now, a nascent third-quarter recovery in the world's second-largest economy appears in danger of stalling.
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MarketsApple Asks Suppliers in Taiwan to Meet China Label StandardsUS tech giant Apple told its Taiwan suppliers that products moving to China must be labelled to state that the island is a part of China and not an independent nation
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