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China Business News: China Finance News, China Stock Market News


BYD Cuts Production at Two China Plants as EV Demand Weakens

China's best-selling electric vehicle brand did not give a reason for throttling back on production and it was not clear…

19 hours ago

China to Ease Subsidy Access for Chipmakers Amid US Chip War

China has been working on a more than 1 trillion yuan ($145.34 billion) support package for its semiconductor industry, amid…

19 hours ago

Top US Fund Manager Vanguard to Shut China Office, Quit Ant JV

The planned exit contrasts with recent expansions in China by its US rivals BlackRock and Fidelity

20 hours ago

Xi Heaps Praise on Putin in Moscow, Attracts White House Ire

The two heads of state greeted one another as "dear friend" when they met in the Kremlin on Monday and…

21 hours ago

Pinduoduo Owner’s Revenue Off-Target as Spending Fall Bites

China's retail sales dipped in December, while the country's economic growth in 2022 slumped to one of its worst levels…

2 days ago

Japan’s $75bn Indo-Pacific Investment Plan to Counter China

Japanese Prime Minister Fumio Kishida said the money would be shared around the region by 2030 via private investment, yen…

2 days ago

‘Let’s Change the Subject’: Baidu’s Ernie Ducks Queries on Xi

Ernie bot responded in a similar manner to questions about China's 1989 Tiananmen Square crackdown and the treatment of Uyghur…

2 days ago

Huawei Replaces 13,000 US-Banned Parts as it Fights Back

Washington cut off Huawei's US supply of chips and access to tech to design its own chips and has also…

2 days ago

Key China Evergrande Creditor Agrees to Debt Restructure Plan

The restructuring, worth $22.7 billion, is just part of Evergrande‘s total liabilities that amount to more than $300 billion

2 days ago

China Slaps Deloitte With $31m Fine Over Huarong Audit

Deloitte's Beijing operations will also be suspended for three months and China Huarong Asset Management fined for risk control failures

3 days ago

Baidu, to Run Driverless Robotaxi Services in Beijing

Baidu's Apollo service will see 10 fully autonomous vehicles in service with no humans in the driving seat nor safety…

4 days ago

Beijing Ready to Let Foreign Financial Firms List in China

A former finance minister said China could give the green light to foreign capital participating in its financial markets

4 days ago